South America Lubricants Market Key Players and Opportunities by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

South America Lubricants Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Base Oil (Mineral Oil, Synthetic, Bio-Based Lubricants, and Others), Product Type (Engine Oil, Hydraulic Oil, Gear Oil, Grease, Compressor Oil, and Others), and End Use (Oil & Gas, Industrial, Chemical, Automotive, Marine, and Others)

  • Report Date : Mar 2022
  • Report Code : TIPRE00027453
  • Category : Chemicals and Materials
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 174

The lubricants market in SAM is expected to grow from US$ 14.79 billion in 2021 to US$ 16.41 billion by 2028; it is estimated to grow at a CAGR of 1.5% from 2021 to 2028.

Lubricant is one of the key components used in the industrial sector, which helps keep the equipment running at peak efficiency and with maximum reliability. There are numerous types of lubricants such as mineral and synthetic lubricants, greases, compressor oils, and cutting fluids used across vertical applications in the industrial sector. It is used in various industries, such as automotive, oil & gas, textile, glass, power generation, paper & pulp, chemicals and petrochemicals, agriculture, manufacturing, food and beverages, pharmaceuticals, and several others. The extensive application of lubricants in various industries and the rapid growth in the industrial sector are the key factors driving the lubricants market. Significant investment prospects and restructured business models in post-pandemic scenarios are the main factors that augment the consumption of lubricants, driving the market growth.

Brazil reported the highest number of COVID-19 cases in SAM, followed by Argentina, Peru, Chile, and Ecuador. Governments in SAM have taken an array of actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions. These measures have negatively reflected the SAM lubricants market due to considerable disruptions in sourcing raw materials from suppliers and temporary closures of the manufacturing base, caused by indefinite lockdowns and temporary quarantines. However, with recovering industries, the demand for lubricants is expected to increase in the region over the next couple of years.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM lubricants market. The SAM lubricants market is expected to grow at a good CAGR during the forecast period.

SAM LubricantsMarket Revenue and Forecast to 2028 (US$ Billion)

SAM Lubricants Market Revenue and Forecast to 2028 (US$ Billion)
  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

SAM Lubricants Market Segmentation

SAM Lubricants Market – By Base Oil

  • Mineral Oil
  • Synthetic
  • Bio-Based Lubricants
  • Others

SAM Lubricants Market – By Product Type

  • Engine Oil
  • Hydraulic Oil
  • Gear Oil
  • Grease
  • Compressor Oil
  • Others

SAM Lubricants Market – By End Use

  • Oil and Gas
  • Industrial
  • Chemical
  • Automotive
  • Marine
  • Others

SAM Lubricants Market, by Country

  • Brazil
  • Argentina
  • Rest of SAM

SAM Lubricants Market - Companies Mentioned

  • BP plc
  • Chevron Corporation
  • China Petrochemical Corporation (Sinopec)
  • Exxon Mobil Corporation
  • Fuchs
  • Royal Dutch shell plc
  • Total
  • Valvoline LL

South America Lubricants Report Scope

Report Attribute Details
Market size in 2021 US$ 14.79 Billion
Market Size by 2028 US$ 16.41 Billion
Global CAGR (2021 - 2028) 1.5%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Base Oil
  • Mineral Oil
  • Synthetic
  • Bio-Based Lubricants
By Product Type
  • Engine Oil
  • Hydraulic Oil
  • Gear Oil
  • Grease
  • Compressor Oil
By End Use
  • Oil & Gas
  • Industrial
  • Chemical
  • Automotive
  • Marine
Regions and Countries Covered South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Market leaders and key company profiles
  • BP plc
  • Chevron Corporation
  • China Petrochemical Corporation (Sinopec)
  • Exxon Mobil Corporation
  • Fuchs
  • Royal Dutch shell plc
  • Total
  • Valvoline LLC
  • Habi Ummer
    Habi Ummer
    Manager,
    Market Research & Consulting

    Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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    Our Clients
    1. BP plc
    2. Chevron Corporation
    3. China Petrochemical Corporation (Sinopec)
    4. Exxon Mobil Corporation
    5. Fuchs
    6. Royal Dutch shell plc
    7. Total
    8. Valvoline LLC
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