Expanding construction industry in the region is projected to fuel the growth of the South America Bio-Lubricants market at a CAGR of 8.7% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global South America Bio-Lubricants Market”

The South America Bio-Lubricants market is estimated to register a CAGR of 8.7% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the South America Bio-Lubricants market—TENSAC, Petronas Petroleo Brasil Ltd, FUCHS LUBRIFICANTES DO BRASIL LTD, Klüber Argentina, BIOLUB QUÍMICA LTDA., TotalEnergies EP Brasil, Shell Brasil Petróleo Ltd, ExxonMobil Paulínia, Castrol Argentina

Market Highlights

The South America Bio-Lubricants market is accounted for to register a CAGR of 8.7% during the forecast period and is estimated to reach USD 314.6 million by 2032.

Hydraulic systems play a crucial role in the construction industry, powering equipment such as cranes, excavators, and loaders. Bio lubricants are employed in these hydraulic systems to provide efficient lubrication and ensure smooth operation. These lubricants have high thermal stability and offer excellent anti-wear properties, contributing to the performance and longevity of hydraulic systems while being biodegradable and less harmful to the environment. The construction sector in Brazil is a key contributor to GDP growth, with large cities located in all regions and a vast workforce available to operate in a rapidly expanding market. The construction market in Brazil offers key opportunities for the foreign multinational company expanding into South America. Some of the major construction projects in Brazil include Jubarte Offshore Oil Field Development, Pre-Salt Submarine Fiber Optic Cable Network, and Jundiai Data Center with valuation of USD 6,500 million, USD 965 million, and USD 806 million respectively, further emphasizing the potential for growth and investment in the construction sector.

Access full report @ https://www.marketresearchfuture.com/reports/south-america-bio-lubricants-market-20695

Segment Analysis

The South America Bio-Lubricants market has been segmented based on Base Oil Type, Application, End Use Industry and Country.

The South America Bio-Lubricants Market segmentation, based on Base Oil Type has been segmented into Vegetable Oil, Synthetic Esters, Animal Fats. Among these, the Vegetable Oil segment is anticipated to dominate the South America Bio-Lubricants market revenue through the projected period as estimated by MRFR analysts. The main drivers of this segment are the increasing demand for bio-based products in industries, such as automotive, marine, and construction, the growing awareness and preference of consumers for sustainable solutions, and the supportive government policies and regulations that encourage the use of bio-lubricants.

In the Application segment, the market is categorized as Hydraulic Fluids, Mold Release Agents, Chainsaw Oil, Grease, Automotive Engine Oils, Others. Out of which the Hydraulic Fluids segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well.  The rising awareness and preference of consumers for bio-based products, the stringent emission standards and regulations that require the use of bio-lubricants, and the technological advancements and innovations that improve the quality and performance of bio-lubricants are some of the key factors, driving the market growth.

In the End-Use Industry segment, the market is categorized as Automotive, Construction, Marine, General Industrial, Food, Others. Out of which the Automotive segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well.  The compatibility of bio-lubricants with a wide range of automotive applications, including engines, transmissions, and drivelines, has contributed to their growing adoption in the region. Furthermore, the need to comply with evolving regulatory standards, such as the Vessel General Permit (VGP) for marine applications and the Corporate Average Fuel Economy (CAFE) standards for light-duty vehicles, has incentivized the automotive industry to embrace bio-based lubricants, driving market growth in the region.

Country Analysis

By Country, the South America Bio-Lubricants market is segmented into Brazil, Argentina, Peru, Bolivia, Paraguay, Uruguay, Chile, Rest of South America. The Brazil Bio-Lubricants market holds a considerable market share and is also forecasted to hold the largest share during the forecast period. The main drivers of this segment are the increasing demand for fuel-efficient and eco-friendly vehicles, the rising awareness and preference of consumers for bio-based products, the supportive government policies and regulations, such as the National Biofuels Policy (RenovaBio), that promote the use of bio-lubricants, and the technological advancements and innovations that improve the quality and performance of bio-lubricants.

Key Findings of the Study

• The South America Bio-Lubricants market is expected to reach USD 314.6 million by 2032, at a CAGR of 8.7% during the forecast period.


• The Brazil country accounted for the fastest-growing market.


• Based on Base Oil Type, the Vegetable Oil segment was attributed to holding the largest market in 2022.


• Based on Application, the Hydraulic Fluids segment was attributed to holding the largest market in 2022.


• Based on End-Use Industry, the Automotive segment was attributed to holding the largest market in 2022.


• TENSAC, Petronas Petroleo Brasil Ltd, FUCHS LUBRIFICANTES DO BRASIL LTD, Klüber Argentina, BIOLUB QUÍMICA LTDA., TotalEnergies EP Brasil, Shell Brasil Petróleo Ltd, ExxonMobil Paulínia, Castrol Argentina are the key market players.