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)
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 Lubricants Market Revenue and Forecast to 2028 (US$ Billion)
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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. SAM Lubricants Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Raw Material:
4.4.2 Manufacturing/Process:
4.4.3 End Use:
5. SAM Lubricants Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Automobile Industry Expanding
5.1.2 Surge in Industrial Growth
5.2 Restraints
5.2.1 Lubricants Specifications Frequently Changing
5.3 Market Opportunities
5.3.1 Rising Demand for Lubricants from Wind Energy Sector
5.4 Future Trend
5.4.1 Synthetic Lubricants at High Demand
5.5 Impact Analysis of Drivers and Restraints
6. Lubricants Market – SAM Analysis
6.1 Lubricants Market Overview
6.2 SAM Lubricants Market –Revenue and Forecast to 2028 (US$ Billion)
7. SAM Lubricants Market - By Base Oil
7.1 Market Overview
7.2 SAM Lubricants Market, By Base Oil (2020 and 2028)
7.3 Mineral Oil
7.3.1 Mineral Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
7.4 Synthetic
7.4.1 Synthetic: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
7.5 Bio Based Lubricants
7.5.1 Bio Based Lubricants: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
7.6 Others
7.6.1 Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
8. SAM Lubricants Market - By Product Type
8.1 Market Overview
8.2 SAM Lubricants Market, By Product Type (2020 and 2028)
8.3 Engine Oil
8.3.1 Engine Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
8.4 Hydraulic Oil
8.4.1 Hydraulic Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
8.5 Gear Oil
8.5.1 Gear Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
8.6 Grease
8.6.1 Grease: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
8.7 Compressor Oil
8.7.1 Compressor Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
8.8 Others
8.8.1 Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
9. SAM Lubricants Market Analysis – By End-Use Industries
9.1 Overview
9.2 SAM Lubricants Market, By End-Use Industries (2020 and 2028)
9.3 Oil and Gas
9.3.1 Oil and Gas: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
9.4 Industrial
9.4.1 Industrial: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
9.5 Chemical
9.5.1 Chemical: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
9.6 Automotive
9.6.1 Automotive: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
9.7 Marine
9.7.1 Marine: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
9.8 Others
9.8.1 Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
10. SAM Lubricants Market – Country Analysis
10.1 Overview
10.1.1 SAM: Lubricants Market, by Key Country – Revenue (2020) (USD Billion)
10.1.2 SAM: Lubricants Market, by Key Country
10.1.2.1 Brazil: Lubricants Market –Revenue and Forecast to 2028 (USD Billion)
10.1.2.1.1 Brazil: Lubricants Market, By Base Oil
10.1.2.1.2 Brazil: Lubricants Market, By Product Type
10.1.2.1.3 Brazil: Lubricants Market, by End-Use Industry
10.1.2.2 Argentina: Lubricants Market –Revenue and Forecast to 2028 (USD Billion)
10.1.2.2.1 Argentina: Lubricants Market, By Base Oil
10.1.2.2.2 Argentina: Lubricants Market, By Product Type
10.1.2.2.3 Argentina: Lubricants Market, by End-Use Industry
10.1.2.3 Rest of SAM: Lubricants Market –Revenue and Forecast to 2028 (USD Billion)
10.1.2.3.1 Rest of SAM: Lubricants Market, By Base Oil
10.1.2.3.2 Rest of SAM: Lubricants Market, By Product Type
10.1.2.3.3 Rest of SAM: Lubricants Market, by End-Use Industry
11. Impact of COVID-19
11.1 SAM: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Merger & Acquisition
12.3 Business Planning and Strategy
12.4 Expansion & Collaboration
12.5 Product News
13. Company Profiles
13.1 Royal Dutch Shell plc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 EXXON MOBIL CORPORATION
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Total
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Chevron Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 BP p.l.c.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 FUCHS
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Valvoline LLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 China Petrochemical Corporation (Sinopec)
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. SAM Lubricants Market –Revenue and Forecast to 2028 (US$ Billion)
Table 2. Brazil Lubricants Market, By Base Oil – Revenue and Forecast to 2028 (USD Billion)
Table 3. Brazil Lubricants Market, By Product Type – Revenue and Forecast to 2028 (USD Billion)
Table 4. Brazil Lubricants Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Billion)
Table 5. Argentina Lubricants Market, By Base Oil – Revenue and Forecast to 2028 (USD Billion)
Table 6. Argentina Lubricants Market, By Product Type – Revenue and Forecast to 2028 (USD Billion)
Table 7. Argentina Lubricants Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Billion)
Table 8. Rest of SAM Lubricants Market, By Base Oil – Revenue and Forecast to 2028 (USD Billion)
Table 9. Rest of SAM Lubricants Market, By Product Type – Revenue and Forecast to 2028 (USD Billion)
Table 10. Rest of SAM Lubricants Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Billion)
Table 11. Glossary of Terms, SAM Lubricants Market
LIST OF FIGURES
Figure 1. SAM Lubricants Market Segmentation
Figure 2. SAM Lubricants Market Segmentation – By Country
Figure 3. SAM Lubricants Market Overview
Figure 4. Mineral Oil Segment Held the Largest Share of SAM Lubricants Market
Figure 5. Brazil Region Held the Largest Share of SAM Lubricants Market
Figure 6. Expert Opinion
Figure 7. Value Chain Analysis: SAM Lubricants Market
Figure 8. Composition of Raw Materials
Figure 9. SAM Lubricants Market Impact Analysis of Drivers and Restraints
Figure 10. SAM: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 11. SAM Lubricants Market Revenue Share, By Base Oil (2020 and 2028)
Figure 12. SAM Mineral Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 13. SAM Synthetic: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 14. SAM Bio Based Lubricants : Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 15. SAM Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 16. SAM Lubricants Market Revenue Share, By Product Type (2020 and 2028)
Figure 17. SAM Engine Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 18. SAM Hydraulic Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 19. SAM Gear Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 20. SAM Grease: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 21. SAM Compressor Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 22. SAM Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 23. SAM Lubricants Market Breakdown, by End-Use Industries (2020 and 2028)
Figure 24. SAM Oil and Gas: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 25. SAM Industrial: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 26. SAM Chemical: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 27. SAM Automotive: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 28. SAM Marine: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 29. SAM Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 30. SAM: Lubricants Market Revenue Share, by Key Country (2020 and 2028)
Figure 31. Brazil: Lubricants Market –Revenue and Forecast to 2028 (USD Billion)
Figure 32. Argentina: Lubricants Market –Revenue and Forecast to 2028 (USD Billion)
Figure 33. Rest of SAM: Lubricants Market –Revenue and Forecast to 2028 (USD Billion)
Figure 34. Impact of COVID-19 Pandemic on Lubricants in SAM
- BP plc
- Chevron Corporation
- China Petrochemical Corporation (Sinopec)
- Exxon Mobil Corporation
- Fuchs
- Royal Dutch shell plc
- Total
- Valvoline LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM lubricants market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the SAM lubricants market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the lubricants market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution