New Delhi, July 15, 2020: 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: –
Brazil Lubricants Market Analysis
Corporate Comm India(CCI Newswire)
