The
report titled “Brazil Lubricants Market Outlook to 2025- By Origin (Mineral,
Synthetic & Semi-Synthetic), By Lubricant Type (Automotive &
Industrial), By Automotive Lubricants (By Product Type, By End-Users & By
Distribution Channels) and By Industrial Lubricants (By Product Type, By
End-Users & By Distribution Channels)” provides a comprehensive analysis on
the status of the lubricants industry in Brazil. The report covers various
aspects including the current sales volume & market size, production
scenario of lubricants in the country, growth facilitators, issues &
challenges, end-user analysis and more. The report concludes with projections
for future including forecasted sales volume & revenue by 2025, market
segmentations, Covid-19 impact and analysts’ take on the future.
Brazil Lubricants Market Overview
Brazil is the largest consumer of finished
lubricants in South America apart from being the largest automotive market in
the region. The sheer size of the country and its favorable geographical
location & macro-economic factors has compelled almost all major
multi-national companies to enter the market. The industry faced decline due to
the economic crisis in the country till 2016 but it experienced slow recovery
from 2017 onwards. The robust automotive sector in the country is one of the
largest growth drivers of the industry. Continuous investment in research &
development and marketing activities by the lubricant manufacturers is
positively impacting the industry’s growth.
Brazil Lubricants Market Segmentations
By Origin of Lubricant: Mineral based lubricants dominated the
lubricants industry in Brazil in 2019 on the basis of sales volume. The
adoption of synthetic & semi-synthetic lubricants is currently led by new
car sales as these are relatively expensive.
By Type of Lubricant: Out of the different types,
automotive lubricants accounted for majority of the lubricants demand in the
country on the basis of sales volume. The number of vehicles in circulation in
the country reached ~46 mn units in 2019 and the new motor vehicles registered
stood at ~2.7 mn units. The increasing industrial activity and economic
recovery in the country also led to growth in demand for industrial lubricants.
Automotive Lubricant Market
By Type of Automotive Lubricant: Passenger Vehicle Motor Oil was
analyzed to be the most consumed automotive lubricant in the country, followed
by heavy duty diesel engine oil and others. Passenger cars were the leading
vehicle type manufactured in the country in 2019. Due to larger distances
covered by passenger vehicles &heavy-duty vehicles, they together captured
majority share in the market.
By End-Users: On the basis of volume of lubricants
demanded, commercial vehicles were observed to be the leading category among
automotive lubricants, followed by passenger cars and motor cycles. The long
distances travelled by trucks due to growing logistics & e-commerce sectors
in the country have contributed to the relatively higher demand by the
commercial vehicles.
By Distribution Channels: OEM workshops were analyzed to account
for almost half of the sales volume of automotive lubricants in the country in
2019. Brazil is home to many large OEMs
that have partnerships with local & multi-national lubricant producers.
Super markets & spare part shops including dealers and distributors were
the second leading sales channel for automotive lubricants in 2019.
Industrial Lubricant Market
By Type of Industrial Lubricant: Hydraulic Oils were observed to
account for majority of the demand for industrial lubricants in the country in
2019 due to consumption in all major sectors such as construction, power
generation, manufacturing & more. Industrial Gear Oils & Transformer
Oils were other major contributors to the sales volume in 2019.
By End-Users: Construction industry was observed to
be the largest consumer of industrial lubricants in the country due to the large-scale
infrastructure and construction projects going on in the country. Engineering
equipment & manufacturing sectors were the other major contributors to the
industry sales volume.
By Distribution Channels: Majority of the sales for the
industrial lubricants took place directly from the company to the end-users.
Due to the large volume of lubricants required by end-users, they prefer direct
sales. Distributor-led sales accounted for the remaining sales volume in 2019.
Competitive Landscape of Brazil
Lubricants Market
The industry is
highly competitive with 3,000+ brands present in the market. Most of the large
local and multi-national companies have their production plants located in the
country and few of them are also import some quantities of lubricants. The
market is moderately concentrated with the top 5 players namely Petrobras,
Iconic, Cosan, Shell and Petronas accounting for a majority share in the market
on the basis of sales volume. These players compete on the basis of parameters
such as product portfolio, distribution network, clientele, partnerships,
product pricing and more.
Brazil Lubricants Market Future
Outlook & Projections
The increasing demand from the automotive
sector and the growth of end-user industries such as construction,
manufacturing, plastics, machinery & equipment & metallurgy among
others is expected to drive the growth of the industry. The adoption of higher
quality synthetic & semi-synthetic lubricants is also expected to increase
the demand of lubricants in future. The lubricant industry is expected to
witness further investments in research & development, marketing activities
and also strategic partnerships and collaborations with other players, OEMs and
vehicle insurers to increase market penetration.
Key Segments Covered: -
By Origin of Lubricants
(Volume in Kilo Tons & Value in BRL Billion)
Mineral
Synthetic
Semi-Synthetic
By Type of Lubricant (Volume
in Kilo Tons)
Automotive
Industrial
Automotive Lubricants Market
By Type (Volume in Kilo
Tons)
Passenger Vehicle Motor Oil
Heavy Duty Diesel Engine Oil
Gear Oils
Transmission Fluids
Hydraulic Oil
Greases
By End-Users (Volume in Kilo
Tons)
Commercial Vehicles
Passenger Cars
Motor Cycles
Marine
Aviation
By Distribution Channels
(Volume in Kilo Tons)
OEM Workshops
Supermarkets & Spare Part Shops (including Dealers
& Distributors)
Unorganized Workshops
Online
Industrial Lubricants Market
By Type (Volume in Kilo Tons)
Hydraulic Oils
Industrial Gear Oils
Transformer Oils
Turbine Oils
Greases
Compressor Oils
By End-Users (Volume in Kilo
Tons)
Construction
Engineering Equipment
Manufacturing
Power Generation
Iron & Non-Iron Production
Cement
Others
By Distribution Channels
(Volume in Kilo Tons)
Direct Sales
Distributor-Lead
Companies Covered: -
Petrobras Distribuidora SA
Iconic Lubrificantes SA
CosanLubrificantes E Especialidades SA
Shell Brasil Petroleo LTDA
Petronas Lubrificantes SA
YPF Brasil Comercio de Derivados De Petroleo LTDA
Castrol Brasil LTDA
Total Brasil Distribuidora LTDA
Key
Target Audience
Lubricant Manufacturing Companies
Lubricant Importing Companies
Additive Manufacturing Companies
Original Equipment Manufacturers
Consultancy Companies
Industry Associations
Regulatory Bodies
Time Period Captured in
the Report:-
Historical Period –
2014-2019
Forecast Period – 2020-2025
Key Topics Covered in the Report: -
Economic
& Geographical Overview of Brazil
Target
Addressable Market for Automotive & Industrial Lubricants
Trends
and Growth Drivers in the Industry and Challenges Faced
Brazil
Lubricants Market Size and Segmentations, 2014 - 2019
Ecosystem
and Value Chain of Lubricants Industry in Brazil
Industry
SWOT Analysis and Lubricant Production Scenario
Customer
Decision Making Parameters
Cross
Comparison between Major Players and Company Profiles & Product Portfolios
Future
Market Size and Segmentations, 2019-2025F
Covid-19
Impact on the Industry & the Way Forward
Analysts’
Recommendations
For More Information on the research report,
refer to below link: -
Related
Reports by Ken Research: -
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