拉丁美洲潤滑油市場：市場佔有率分析、產業趨勢與統計、成長預測（2026-2031年）

預計拉丁美洲潤滑油市場將從 2025 年的 36.4 億公升成長到 2026 年的 37.6 億公升，到 2031 年將達到 44.2 億公升，2026 年至 2031 年的複合年成長率為 3.28%。

這一擴張得益於工業復甦、汽車保有量成長以及採礦、電力和近岸外包主導製造業資本支出的恢復。巴西石油公司（Petrobras）1,110億美元的投資計劃，包括其第二類基礎油部門，將確保區域原料供應並降低進口依賴。預計到2029年，墨西哥的近岸外包浪潮將吸引460億美元的投資，加速該國快速成長的製造業叢集對潤滑油的需求。同時，隨著南美洲崛起為重要的海上鑽井中心，計畫於2024年在南美洲鑽探的全球36口高影響力油井中的10口，將推動專用鑽井液的使用。最後，石化燃料提供三分之二的總能源，而可再生提供60%的電力，這種雙能源格局使得對傳統潤滑油和先進合成潤滑油的需求相互重疊。

拉丁美洲潤滑油市場趨勢及展望

汽車保有量增加和車輛老化

預計巴西2024年的汽車產量將成長9.7%，恢復到疫情前的水準。這顯示潤滑油需求強勁，主要受換油週期縮短以及老舊車輛引擎機油消費量增加15-20%的推動。墨西哥以出口主導的製造業基地正在經歷商用卡車數量的成長，從而帶動了對液壓油和齒輪油的需求。在整個拉丁美洲大陸，車齡超過10年的車輛佔總車隊的一半以上，確保了對潤滑油加註服務的穩定需求。因此，儘管電氣化程度不斷提高，但由於15-20年的換油週期，拉丁美洲潤滑油市場仍保持持續的需求。潤滑油調配商正在增加針對成本敏感型細分市場老舊引擎的中級合成油配方，在保持銷售量的同時提升銷售。

製造業和工業資本投資的復甦

在墨西哥，受近岸外包推動的工業生產復甦使空置率降至歷史新低，從而提振了新廠對金屬加工液的需求。預計到2025年，巴西的液體燃料需求將成長1.4%，證實了工業的全面復甦，而油壓油是製程設備的重要燃料。拉丁美洲的潤滑油市場正受益於計劃的石化、水泥和鋼鐵計劃，這些項目旨在透過提高黏度指數基礎油的生產效率。巴西和墨西哥的本地調配激勵措施將進一步刺激國內添加劑的消費，縮短前置作業時間，並緩解全球供應衝擊。工業用戶正在實施狀態監測計劃，這提高了合成潤滑油在其潤滑油總支出中的比例。

電動車的普及抑制了對引擎油的需求。

27個拉丁美洲國家已根據《巴黎協定》承諾實現交通運輸電氣化目標，波哥大和墨西哥城正在對其城市公車車隊進行改造。電動動力系統無需使用曲軸箱潤滑油，從而降低了都市區維修店的需求。然而，電池冷卻液和變速箱油等新興細分市場引入了合成酯類產品，這些產品在散熱的同時還能最大限度地降低導電性，部分抵消了需求下降的影響。充電基礎設施的匱乏仍然是大都會圈以外地區推廣電動車電氣化的主要障礙，預計內燃機在本世紀的大部分時間裡仍將佔據主導地位。因此，拉丁美洲潤滑油市場向電動車相容型潤滑油的過渡預計將是一個漸進的過程，而不是突然的轉變。

細分市場分析

到2025年，機油將佔拉丁美洲潤滑油市場佔有率的57.05%，這主要得益於內燃機的持續主導地位以及車輛平均車齡超過12年。銷售量與巴西產量的成長和墨西哥卡車運輸業的擴張密切相關，而多級潤滑油產品由於其更優異的冷啟動性能，正在蠶食單級潤滑油的市場佔有率。變速箱油和齒輪油的銷售與商用車的普及密切相關，而液壓油則供應給在智利和秘魯高海拔惡劣環境下作業的礦業部門。金屬加工液受惠於近岸外包投資，墨西哥的工業用地面積較2019年加倍。

其他產品類型是成長最快的類別，預計到2031年將以3.74%的複合年成長率成長，這主要得益於可再生能源計劃和精密製造業對特殊配方的需求。風力發電機齒輪箱依賴PAO酯類混合物，其使用壽命超過10,000小時，而太陽能追蹤器致動器需要低溫潤滑脂。無鋰聚脲和磺酸鹽鈣複合潤滑脂因其成本和性能優勢而備受關注。雖然電動車冷卻液仍處於發展初期，但它們代表著未來對高介電常數流體需求的主要驅動力。因此，隨著設備複雜性的增加，拉丁美洲潤滑油市場特殊潤滑油的規模成長速度超過了整體消費量的成長速度。

拉丁美洲潤滑油報告按產品類型（引擎油、變速箱油和齒輪油、液壓油等）、終端用戶行業（汽車、發電、重型機械、冶金和金屬加工、其他終端用戶行業）以及地區（巴西、墨西哥、阿根廷、哥倫比亞、智利、秘魯、拉丁美洲其他地區）進行細分。市場預測以公升為單位。

其他福利：

• Excel格式的市場預測（ME）表
• 3個月的分析師支持

目錄

第1章 引言

• 研究假設和市場定義
• 調查範圍

第2章調查方法

第3章執行摘要

第4章 市場情勢

• 市場概覽
• 市場促進因素
  • 車輛擁有數量增加和車輛老化
  • 製造業和工業資本投資的復甦
  • 用於採礦和能源產業的高性能合成油
  • 電子商務最後一公里配送車輛數量迅速成長
  • 對本地混合工廠的激勵措施
• 市場限制
  • 電動車的普及抑制了對引擎油的需求。
  • 優質潤滑油延長更換週期
  • 添加劑包裝供應瓶頸
• 價值鏈分析
• 波特五力模型
  • 供應商的議價能力
  • 買方的議價能力
  • 新進入者的威脅
  • 替代品的威脅
  • 競爭程度

第5章 市場規模與成長預測

• 依產品類型
  • 機油
  • 變速箱油和齒輪油
  • 油壓
  • 金屬加工油
  • 潤滑脂
  • 其他產品類型
• 按最終用戶行業分類
  • 車
  • 發電
  • 重型機械
  • 冶金與金屬加工
  • 其他終端用戶產業
• 按地區
  • 巴西
  • 墨西哥
  • 阿根廷
  • 哥倫比亞
  • 智利
  • 秘魯
  • 其他拉丁美洲地區

第6章 競爭情勢

• 市場集中度
• 策略趨勢
• 市佔率（%）/排名分析
• 公司簡介
  • BP plc
  • Chevron Corporation
  • Exxon Mobil Corporation
  • GULF OIL INTERNATIONAL LIMITED
  • Motul
  • Petrobras
  • Repsol
  • Roshfrans
  • Shell plc
  • TotalEnergies
  • Valvoline Inc.

第7章 市場機會與未來展望

The Latin America Lubricants Market is expected to grow from 3.64 Billion liters in 2025 to 3.76 Billion liters in 2026 and is forecast to reach 4.42 Billion liters by 2031 at 3.28% CAGR over 2026-2031.

Expansion is anchored in industrial recovery, a rising vehicle parc, and renewed capital spending across mining, power, and nearshoring-led manufacturing. Petrobras' USD 111 billion investment plan, which includes a Group II base-oil unit, secures regional feedstock and lowers import reliance. Mexico's nearshoring wave, expected to draw USD 46 billion through 2029, accelerates lubricant demand in fast-growing manufacturing clusters. Meanwhile, the continent's emergence as a key offshore drilling arena, with 10 of 36 global high-impact wells slated for 2024, stimulates specialized drilling-fluid use. Lastly, a dual energy matrix, where fossil fuels supply two-thirds of total energy yet renewables deliver 60% of electricity, creates overlapping needs for both conventional and advanced synthetic lubricants.

Latin America Lubricants Market Trends and Insights

Vehicle-parc Expansion and Ageing Fleet

Brazilian auto production grew 9.7% in 2024, returning to pre-pandemic output and signaling robust lubricant pull-through as older vehicles require shorter drain intervals and consume 15-20% more engine oil. Mexico's export-led manufacturing base has added commercial trucks that heighten demand for hydraulic fluids and gear oils. Across the continent, vehicles older than 10 years already represent over half of the total fleet, locking in a steady service-fill requirement. The Latin America lubricants market therefore enjoys durable demand even as electrification gains momentum because turnover cycles span 15-20 years. Blenders increasingly formulate mid-tier synthetics aimed at aging engines in cost-sensitive segments, preserving volume while upselling performance.

Manufacturing and Industrial Capex Rebound

A nearshoring-fueled revival in Mexican industrial output is pushing vacancy rates to historic lows and inflating demand for metalworking fluids in newly commissioned plants. Brazil's 1.4% liquid-fuel demand upturn in 2025 confirms a broader industrial rebound that requires hydraulic oils for process equipment. The Latin America lubricants market benefits from project pipelines in petrochemicals, cement, and steel, each seeking productivity gains through high-viscosity-index base stocks. Local blending incentives in Brazil and Mexico further stimulate domestic additive consumption, shortening lead times and buffering global supply shocks. Industrial users, in turn, embrace condition-monitoring programs that raise the share of synthetics in total lubricant spend.

EV Penetration Curbing Engine-oil Demand

Twenty-seven Latin American nations have enshrined transport electrification targets under the Paris Agreement, triggering city-bus fleet conversions in Bogota and Mexico City. Electric drivetrains do not use crankcase oils, shaving volume off urban service bays. Yet the new battery-coolant and reduction-gear fluid niches partly compensate by introducing synthetic esters that must dissipate heat while conducting minimal electricity. Uptake outside large cities remains slow due to limited charging infrastructure, keeping internal-combustion engines dominant through most of this decade. Consequently, the Latin America lubricants market expects a gradual, not abrupt, transition toward EV-ready fluids.

Other drivers and restraints analyzed in the detailed report include:

1. High-performance Synthetics for Mining and Energy
2. Local Blending-plant Incentives
3. Longer Drain-intervals for Premium Lubricants

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Engine oils accounted for 57.05% of the Latin America lubricants market share in 2025, propelled by sustained ICE dominance and a fleet whose average age tops 12 years. Volumes correlate closely with Brazil's production uptick and Mexico's trucking expansion, while multigrade formulations capture share from monogrades due to improved cold-start protection. Transmission and gear oils piggyback on commercial-vehicle proliferation, whereas hydraulic fluids supply a mining sector operating across harsh altitudes in Chile and Peru. Metalworking fluids enjoy a tailwind from nearshoring investments that double Mexican industrial space compared with 2019 levels.

Other Product Types represent the fastest-growing category, clocking a 3.74% CAGR to 2031 as renewable-energy projects and precision manufacturing seek niche formulations. Wind-turbine gearboxes rely on PAO-ester blends offering more than 10,000-hour service life, while solar-tracker actuators need low-temperature greases. Lithium-free polyurea and calcium-sulfonate complex greases gain traction on cost and performance grounds. Electric-vehicle coolant growth, though nascent, seeds future demand for high-dielectric fluids. The Latin America lubricants market size for specialty grades, therefore, advances faster than overall consumption as equipment complexity rises.

The Latin America Lubricants Report is Segmented by Product Type (Engine Oils, Transmission and Gear Oils, Hydraulic Fluids, and More), End-User Industry (Automotive, Power Generation, Heavy Equipment, Metallurgy and Metalworking, and Other End-User Industries), and Geography (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and Rest of Latin America). The Market Forecasts are Provided in Terms of Volume (Liters).

List of Companies Covered in this Report:

1. BP p.l.c.
2. Chevron Corporation
3. Exxon Mobil Corporation
4. GULF OIL INTERNATIONAL LIMITED
5. Motul
6. Petrobras
7. Repsol
8. Roshfrans
9. Shell plc
10. TotalEnergies
11. Valvoline Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Vehicle-Parc Expansion and Ageing Fleet
  • 4.2.2 Manufacturing and Industrial Capex Rebound
  • 4.2.3 High-Performance Synthetics for Mining and Energy
  • 4.2.4 E-Commerce Last-Mile Fleet Boom
  • 4.2.5 Local Blending-Plant Incentives
• 4.3 Market Restraints
  • 4.3.1 EV Penetration Curbing Engine-Oil Demand
  • 4.3.2 Longer Drain-Intervals for Premium Lubes
  • 4.3.3 Additive-Package Supply Bottlenecks
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Product Type
  • 5.1.1 Engine Oils
  • 5.1.2 Transmission and Gear Oils
  • 5.1.3 Hydraulic Fluids
  • 5.1.4 Metalworking Fluids
  • 5.1.5 Greases
  • 5.1.6 Other Product Types
• 5.2 By End-User Industry
  • 5.2.1 Automotive
  • 5.2.2 Power Generation
  • 5.2.3 Heavy Equipment
  • 5.2.4 Metallurgy and Metalworking
  • 5.2.5 Other End-user Industries
• 5.3 By Geography
  • 5.3.1 Brazil
  • 5.3.2 Mexico
  • 5.3.3 Argentina
  • 5.3.4 Colombia
  • 5.3.5 Chile
  • 5.3.6 Peru
  • 5.3.7 Rest of Latin America

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 BP p.l.c.
  • 6.4.2 Chevron Corporation
  • 6.4.3 Exxon Mobil Corporation
  • 6.4.4 GULF OIL INTERNATIONAL LIMITED
  • 6.4.5 Motul
  • 6.4.6 Petrobras
  • 6.4.7 Repsol
  • 6.4.8 Roshfrans
  • 6.4.9 Shell plc
  • 6.4.10 TotalEnergies
  • 6.4.11 Valvoline Inc.

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-need Assessment