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Report Overview
The Colombia automotive lubricant market was valued at USD 574.50 Million in 2024. The industry is expected to grow at a CAGR of 6.90% during the forecast period of 2025-2034. The increasing awareness about the environment and corresponding government regulations in the region has resulted in a considerable demand for biodegradable and eco-friendly lubricants, driving further market growth. In turn, all these factors have resulted in the market attaining a valuation of USD 1119.61 Million by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Colombia automotive lubricant market players are increasingly developing eco-friendly, biodegradable, and synthetic lubricants, and high-performance lubricants. Colombia automotive lubricant companies are attempting to improve the distribution channels and take up digital marketing platforms to safely establish a connection with consumers. Alternative custom-made solutions for commercial vehicles and electric vehicles are being developed to meet the evolving number of customers demands along with regulatory standards.
Key Industry Players
Key players in the market include:
Exxon Mobil Corporation is involved in exploration, production, and manufacturing of crude oil, natural gas, petroleum products, petrochemicals, and a wide range of products. Founded in 1999 and headquartered in the Texas, United States, it sells their products under the brands including Exxon, Mobil, Esso and XTO Energy.
Chevron Corporation was founded in 1879 and is based in California, United States. It is a multinational oil and gas company and operates through three main businesses: Upstream, Downstream, and Midstream. The company boasts a notable market share in automotive fuels and lubricants in Colombia.
TotalEnergies SE, a prominent multinational energy corporation, offers a wide spectrum of energy resources such as oil, biofuels, natural gas, renewables, and electricity. Founded in 1924 and headquartered in Paris, France, the company operates across more than 120 countries.
Repsol, S.A., founded in 1986, is engaged in oil and gas exploration and production to transformation, development, and energy marketing. Headquartered in Madrid, Spain, the company markets its wide range of products in more than 90 countries worldwide.
Other notable players operating in the automotive lubricants market in Colombia are BP PLC (Castrol), Shell plc, Motul S.A., Petroliam Nasional Berhad (PETRONAS), and Amsoil Inc, among others.
Colombia Automotive Lubricants Market Report Snapshots
Colombia Automotive Lubricants Market Size
Colombia Automotive Lubricants Market Growth
Colombia Automotive Lubricants Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 574.50 Million.
The Colombia automotive lubricant market is assessed to grow at a CAGR of 6.90% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 1119.61 Million by 2034.
The factors driving the market growth are increasing vehicle sales, expansion of manufacturing, logistics, and construction sectors, and government's stringent emission standards.
Key trends aiding Colombia automotive lubricants market growth include the increasing adoption of synthetic and semi-synthetic lubricants, the rise of electric vehicles, and the growing emphasis on sustainability and environmentally friendly products.
Engine oil, gear oil, transmission fluids, brake fluids, coolants, and greases are the product types.
The vehicle types include passenger vehicles, commercial vehicles, and motorcycle.
The grades include mineral oil lubricants, synthetic lubricants, semi-synthetic lubricants, and bio-based lubricants.
The demand is highest for passenger cars, followed by commercial vehicles and two-wheelers. The growth in passenger car sales has been a significant contributor to the overall market expansion.
The key players in the market include BP PLC (Castrol), Exxon Mobil Corporation, Chevron Corporation, TotalEnergies SE, Repsol, S.A, Shell plc, Motul S.A., Petroliam Nasional Berhad (PETRONAS), and Amsoil Inc, among others.
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