Latin America's market for lubricants and fuel additives is forecast to grow to 1.74 billion U.S. dollars in 2024, up from 1.66 billion U.S. dollars the previous year. By 2027, the market could exceed two billion U.S. dollars in value, making Latin America the world region with the highest compound annual growth rates in this market segment.
More information on the lubricant and fuel additives market can be found here.
Market value of lubricants and fuel additives in Latin America from 2021 to 2023, with a forecast until 2031
(in billion U.S. dollars)
Characteristic
Market value in billion U.S. dollars
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Extrapolate. (February 13, 2024). Market value of lubricants and fuel additives in Latin America from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1451001/latin-america-lubricants-market-size/
Extrapolate. "Market value of lubricants and fuel additives in Latin America from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars)." Chart. February 13, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1451001/latin-america-lubricants-market-size/
Extrapolate. (2024). Market value of lubricants and fuel additives in Latin America from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1451001/latin-america-lubricants-market-size/
Extrapolate. "Market Value of Lubricants and Fuel Additives in Latin America from 2021 to 2023, with a Forecast until 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/1451001/latin-america-lubricants-market-size/
Extrapolate, Market value of lubricants and fuel additives in Latin America from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1451001/latin-america-lubricants-market-size/ (last visited July 22, 2024)
Market value of lubricants and fuel additives in Latin America from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) [Graph], Extrapolate, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/1451001/latin-america-lubricants-market-size/