南美潤滑油：市場佔有率分析、產業趨勢與統計、成長預測（2026-2031）

預計到 2026 年，南美潤滑油市場規模將達到 28.8 億公升。

這意味著從 2025 年的 28.1 億公升成長到 2031 年的 32.3 億公升，2026 年至 2031 年的複合年成長率為 2.34%。

區域貨運量的回升、海上石油活動的擴張以及工業現代化進程的持續推進支撐了市場需求，而匯率波動和政策變化則帶來了局部風險。巴西的汽車製造業、巴西和圭亞那的深海探勘以及智利和秘魯的自動化採礦業共同確保了廣泛的消費群體。以風能和太陽能主導的可再生能源的興起，正在創造對渦輪機油和液壓油的新需求，而更嚴格的排放標準正在加速向低SAPS和合成油的過渡。市場競爭強度目前仍處於中等水平，但隨著跨國公司加強本地供應鏈以及區域公司透過併購和分銷合作尋求規模化，競爭正在加劇。

南美洲潤滑油市場趨勢與分析

新冠疫情后陸上貨運距離強勁復甦

近岸外包的興起和電子商務的擴張推動了巴西、阿根廷和智利長途卡車運輸業的發展，貨運量已超過疫情前水準。光是巴西的卡車運輸業就承擔了該國60%以上的貨運量，目前市場對能夠延長換油週期並提高燃油經濟性的優質機油和變速箱油的需求日益成長。大豆、玉米和銅的豐收進一步推動了物流旺季期間對潤滑油的需求，鞏固了短期消費激增，並為市場成長奠定了基礎。

巴西和圭亞那深水能源和電力開發活動的加速推進，正在推動對高性能鑽井液的需求。

巴西的鹽鹽層下和圭亞那的斯塔布魯克油田都需要能夠承受極端溫度和深達2000公尺的合成鑽井泥漿、海底齒輪油和液壓油。埃克森美孚的多平台專案和巴西石油公司的海底增壓合約都是專業服務模式的典範，這種模式不僅能提供溢價，還能深化供應商與客戶之間的技術合作。

阿根廷的長期燃油補貼抑制了高檔潤滑油的消費。

補貼低價抑制了消費者購買高效合成機油的意願，導致許多車主必須頻繁更換礦物油，阻礙了乘用車機油增值成長。補貼計畫歷來優先考慮銷售量而非增值，鼓勵消費者頻繁更換傳統礦物油，而非使用長效高級產品。這種情況對乘用車市場的影響尤其顯著，因為注重成本的消費者更傾向於即時的節省，而非引擎的長期保護和燃油經濟性。

細分市場分析

到2025年，機油將佔南美潤滑油市場佔有率的39.72%，而液壓油預計到2031年將以2.66%的複合年成長率成長，這主要得益於採礦、農業和可再生能源領域自動化程度的提高。採用合成或生物基原料配製的特種液壓油可確保高壓系統所需的抗氧化性和耐熱性。變速箱油和齒輪油將受益於車輛現代化改造計劃，而潤滑脂則可在嚴苛的海洋和工業環境中為軸承提供保護。

排放氣體法規正推動機油升級，轉向III類基礎油和合成混合油，但價格因素意味著礦物油產品在老舊車輛中仍有市場需求。隨著可再生能源的擴張，液壓油的需求不斷成長，而可生物分解配方更受青睞，以符合環保法規。添加劑化學領域的持續研發使區域性潤滑油調配企業能夠在南美洲潤滑油市場提供差異化產品。

南美洲潤滑油報告按產品類型（引擎油、變速箱和齒輪油、液壓油、潤滑脂等）、基礎油（礦物油、合成油、半合成油、生物基油）、最終用戶（汽車、重型機械、秘魯和金屬加工、發電、船舶和海上、其他行業）以及地區（阿根廷、巴西、智利、哥倫比亞、秘魯、其他南美國家）進行細分。

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
  • 新冠感染疾病結束後，陸運貨運距離強勁復甦
  • 巴西和圭亞那深水能源和電力專案的加速推進，推動了對高性能鑽井液的需求。
  • 逐步實施相當於歐盟6排放氣體標準的法規（巴西為PROCONVE P-8）將推動低SAPS引擎機油的普及。
  • 該地區大豆生物柴油混合燃料的激增將推動生物基液壓油的成長。
  • 智利和秘魯礦用車輛的快速自動化正在推動長效合成齒輪油的需求。
• 市場限制
  • 阿根廷的長期燃油補貼抑制了高檔潤滑油的消費。
  • 貨幣貶值風險可能導致聚醚氧化物（PAO）及其添加劑包裝的進口成本增加。
  • 電動摩托車在都市區日益普及，導致對摩托車機油的需求下降。
• 價值鏈分析
• 波特五力模型
  • 新進入者的威脅
  • 供應商的議價能力
  • 買方的議價能力
  • 替代品的威脅
  • 競爭強度

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
  • 潤滑脂
  • 金屬加工油
  • 加工油及其他
• 基礎油
  • 礦物油
  • 合成油（PAO、酯、PAG）
  • 半合成
  • 生物基
• 按最終用戶行業分類
  • 車
  • 重型機械
  • 冶金與金屬加工
  • 發電
  • 海洋/近海
  • 其他行業
• 按國家/地區
  • 阿根廷
  • 巴西
  • 智利
  • 哥倫比亞
  • 秘魯
  • 其他南美洲

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
  • AMSOIL INC.
  • BP plc（Castrol）
  • Chevron Corporation
  • Exxon Mobil Corporation
  • FUCHS
  • Gulf Oil International Ltd
  • ICONIC
  • Petrobras
  • Petroliam Nasional Berhad（PETRONAS）
  • Repsol
  • Shell plc
  • Terpel
  • TotalEnergies
  • YPF
  • ZF Friedrichshafen AG

第7章 市場機會與未來展望

South America Lubricants Market size in 2026 is estimated at 2.88 Billion Liters, growing from 2025 value of 2.81 Billion Liters with 2031 projections showing 3.23 Billion Liters, growing at 2.34% CAGR over 2026-2031.

Recovering regional freight mileage, expanding offshore oil activity, and ongoing industrial modernization underpin demand, even as currency volatility and policy shifts create pockets of risk. Automotive manufacturing in Brazil, deep-water exploration in Brazil and Guyana, and mining automation in Chile and Peru together secure a broad consumption base. Renewable power additions, led by wind and solar, are introducing new needs for turbine and hydraulic fluids, while stricter emissions standards are accelerating migration toward low-SAPS and synthetic formulations. Competitive intensity remains moderate but rising as multinationals strengthen local supply chains and regional firms seek scale through mergers and distribution alliances.

South America Lubricants Market Trends and Insights

Strong Rebound in On-Road Freight Mileage Post-COVID

Freight activity has surpassed pre-pandemic levels as near-shoring shifts and e-commerce intensify long-haul truck movements across Brazil, Argentina, and Chile. Brazil's trucking sector alone handles more than 60% of domestic cargo and now demands premium engine and transmission oils that enable extended drain intervals and fuel economy gains. Harvest cycles for soy, corn, and copper further lift lubricant volumes during peak logistics seasons, locking in a short-term consumption surge that sustains baseline market growth.

Accelerated Deep-Water Energy and Power Activity in Brazil and Guyana Boosting Demand for High-Performance Drilling Fluids

Brazil's pre-salt fields and Guyana's Stabroek Block collectively require synthetic drilling muds, subsea gear oils, and hydraulic fluids capable of withstanding extreme temperatures and 2,000 m water depths. ExxonMobil's multiplatform program and Petrobras subsea boosting contracts exemplify the specialized service models that command premium pricing and deepen supplier-client technical ties.

Prolonged Fuel-Price Subsidies in Argentina Discouraging Premium-Lube Consumption

Subsidized pump prices reduce consumer motivation to purchase high-efficiency synthetics, locking many motorists into short-interval mineral oils and capping value growth in passenger-car motor oils. The subsidy system has historically favored volume over value, encouraging frequent oil changes with conventional mineral oils rather than extended-service premium products. This dynamic particularly affects the passenger vehicle segment, where cost-conscious consumers prioritize immediate savings over long-term engine protection and fuel economy benefits.

Other drivers and restraints analyzed in the detailed report include:

1. Mandatory Euro VI-Equivalent Emissions Phase-In (Brazil PROCONVE P-8) Driving Low-SAPS Engine-Oil Adoption
2. Surge in Regional Soybean-Oil Biodiesel Blends Spurring Growth of Bio-Based Hydraulic Fluids
3. Currency-Devaluation Risk Inflating Import Costs of PAO and Additive Packages

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

Segment Analysis

Engine oils retained 39.72% of the 2025 South America lubricants market share, but hydraulic fluids are poised for a 2.66% CAGR through 2031 as automation spreads in mining, agriculture, and renewables. Specialized hydraulics formulated from synthetic or bio-based stocks ensure oxidative stability and temperature resilience demanded by high-pressure systems. Transmission and gear oils gain from fleet modernization programs, whereas greases protect bearings in harsh marine and industrial environments.

Emissions mandates push engine oil upgrades toward Group III and synthetic blends, yet price sensitivity keeps mineral products relevant in older vehicles. Hydraulic-fluid demand benefits from renewable-energy build-outs, where biodegradable formulations are preferred for environmental compliance. Continuous research and development in additive chemistry allows regional blenders to position differentiated offerings in the South America lubricants market.

The South America Lubricants Report is Segmented by Product Type (Engine Oils, Transmission and Gear Oils, Hydraulic Fluids, Greases, and More), Base Oil (Mineral, Synthetic, Semi-Synthetic, and Bio-Based), End-User (Automotive, Heavy Equipment, Metallurgy and Metalworking, Power Generation, Marine and Offshore, and Other Industries), and Geography (Argentina, Brazil, Chile, Colombia, Peru, and Rest of South America).

List of Companies Covered in this Report:

1. AMSOIL INC.
2. BP plc (Castrol)
3. Chevron Corporation
4. Exxon Mobil Corporation
5. FUCHS
6. Gulf Oil International Ltd
7. ICONIC
8. Petrobras
9. Petroliam Nasional Berhad (PETRONAS)
10. Repsol
11. Shell plc
12. Terpel
13. TotalEnergies
14. YPF
15. ZF Friedrichshafen AG

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 Strong rebound in on-road freight mileage post-COVID
  • 4.2.2 Accelerated deep-water energy and power activity in Brazil and Guyana boosting demand for high-performance drilling fluids
  • 4.2.3 Mandatory Euro VI-equivalent emissions phase-in (Brazil PROCONVE P-8) driving low-SAPS engine-oil adoption
  • 4.2.4 Surge in regional soybean-oil biodiesel blends spurring growth of bio-based hydraulic fluids
  • 4.2.5 Rapid automation of mining fleets in Chile and Peru requiring long-drain synthetic gear oils.
• 4.3 Market Restraints
  • 4.3.1 Prolonged fuel-price subsidies in Argentina discouraging premium-lube consumption
  • 4.3.2 Currency-devaluation risk inflating import costs of PAO and additive packages
  • 4.3.3 Rising penetration of EV two-wheelers in urban centers eroding motorcycle-oil volumes
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Threat of New Entrants
  • 4.5.2 Bargaining Power of Suppliers
  • 4.5.3 Bargaining Power of Buyers
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Intensity of Rivalry

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 Greases
  • 5.1.5 Metalworking Fluids
  • 5.1.6 Process Oils and Others
• 5.2 By Base Oil
  • 5.2.1 Mineral
  • 5.2.2 Synthetic (PAO, Esters, PAG)
  • 5.2.3 Semi-synthetic
  • 5.2.4 Bio-based
• 5.3 By End-User Industry
  • 5.3.1 Automotive
  • 5.3.2 Heavy Equipment
  • 5.3.3 Metallurgy and Metalworking
  • 5.3.4 Power Generation
  • 5.3.5 Marine and Offshore
  • 5.3.6 Other Industries
• 5.4 By Country
  • 5.4.1 Argentina
  • 5.4.2 Brazil
  • 5.4.3 Chile
  • 5.4.4 Colombia
  • 5.4.5 Peru
  • 5.4.6 Rest of South 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, Strategic Information, Market Rank/Share for key companies, Products and Services, Recent Developments)
  • 6.4.1 AMSOIL INC.
  • 6.4.2 BP plc (Castrol)
  • 6.4.3 Chevron Corporation
  • 6.4.4 Exxon Mobil Corporation
  • 6.4.5 FUCHS
  • 6.4.6 Gulf Oil International Ltd
  • 6.4.7 ICONIC
  • 6.4.8 Petrobras
  • 6.4.9 Petroliam Nasional Berhad (PETRONAS)
  • 6.4.10 Repsol
  • 6.4.11 Shell plc
  • 6.4.12 Terpel
  • 6.4.13 TotalEnergies
  • 6.4.14 YPF
  • 6.4.15 ZF Friedrichshafen AG

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-need Assessment