Brazil Lubricant Additives Market Size & Outlook
Brazil lubricant additives market, 2018-2030 (US$M)
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Brazil lubricant additives market highlights
- The Brazil lubricant additives market generated a revenue of USD 464.6 million in 2023 and is expected to reach USD 609.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, viscosity index improvers was the largest revenue generating product in 2023.
- Friction Modifiers is the most lucrative product segment registering the fastest growth during the forecast period.
Lubricant additives market data book summary
| Market revenue in 2023 | USD 464.6 million |
| Market revenue in 2030 | USD 609.6 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Viscosity index improvers |
| Fastest growing segment | Friction Modifiers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dispersants, Viscosity Index Improvers, Detergents, Anti-wear Additives, Antioxidants, Friction Modifiers |
| Key market players worldwide | Basf SE, Lanxess AG, Chevron Corp, Croda International PLC, Evonik Industries AG, Berkshire Hathaway Inc Class A, Brother Industries Ltd |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.6% of the global lubricant additives market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil lubricant additives market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 374.9 million by 2030.
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Lubricant Additives Market Scope
Lubricant Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil lubricant additives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lubricant additives market will help companies and investors design strategic landscapes.
Viscosity index improvers was the largest segment with a revenue share of 22.88% in 2023. Horizon Databook has segmented the Brazil lubricant additives market based on dispersants, viscosity index improvers, detergents, anti-wear additives, antioxidants, friction modifiers covering the revenue growth of each sub-segment from 2018 to 2030.
Over the last decade, Brazilian manufacturing businesses contributed around 17% to the country’s GDP and accounted for a similar portion of the domestic workforce. Brazil’s manufacturing competitiveness is expected to strengthen over the next several years.
Driven by investment in infrastructure for 2016 Olympic Games, relevant changes in the energy sector and other recent policy reforms, Brazil appears to be favorably positioned for the future regarding manufacturing competitiveness.
From a policy perspective, the country’s recently announced Brazil Industrial plan is expected to create favorable tax advantages for Brazilian manufacturers, as well as reduce lending and energy costs.
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Our clientele includes a mix of lubricant additives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil lubricant additives market , including forecasts for subscribers. This country databook contains high-level insights into Brazil lubricant additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil lubricant additives market size, by product, 2018-2030 (US$M)
Brazil Lubricant Additives Market Outlook Share, 2023 & 2030 (US$M)
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