Please Wait.....
Report
Mexico Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)
Market Report I 2026-01-16 I 80 Pages I Mordor Intelligence
Mexico Lubricants Market Analysis
Mexico Lubricants market size in 2026 is estimated at 1.27 billion liters, growing from 2025 value of 1.23 billion liters with 2031 projections showing 1.46 billion liters, growing at 2.88% CAGR over 2026-2031. Demand is driven by the manufacturing boom created by near-shoring, a surge in vehicle production, and foreign direct investment pledges exceeding USD 45 billion, which reinforce industrial lubricant demand. Engine oil volumes continue to dominate, yet hydraulic and synthetic formulations are gaining ground as equipment technology evolves and Mexico implements Euro VI standards. The Dos Bocas refinery ramp-up strengthens the domestic base-oil supply and reduces import exposure. At the same time, rising electric-vehicle adoption, crude price swings, and new hydrocarbon compliance rules introduce cost and volume headwinds. Suppliers respond with local blending capacity, digital condition-monitoring services, and bio-based portfolios in line with the March 2025 Biofuels Law.
Mexico Lubricants Market Trends and Insights
Automotive Production Boom and Vehicle-Parc Growth
Mexico's automotive industry increased year-over-year, boosting demand for engine oil and transmission fluid across both OEM fill and aftermarket channels. Passenger-car sales and exports rose, reinforcing the lubricant pull-through in production hubs across Guanajuato and Coahuila. The average fleet age exceeds 17 years, so maintenance frequency stays elevated, especially for synthetic grades that extend service intervals. OEMs such as Tesla and BMW select Mexican sites to optimize USMCA content rules, further lifting factory-fill volumes. As of January 2025, Mexico will enforce Euro VI and EPA 2010 limits, compelling the development of high-performance, low-ash formulations that increase value per liter.
Near-Shoring-Led Industrial Capacity Expansion
FDI commitments of more than USD 45 billion in 2024 target electronics, battery, and precision-machinery clusters that require metalworking, hydraulic, and gear oils for clean-room and high-load environments. Guanajuato and Queretaro headline the manufacturing corridor, whereas Nuevo Leon's proximity to Texas accelerates maquiladora growth. Power-grid bottlenecks limit factory throughput, prompting the installation of distributed solar and gas-engine systems that require high-temperature turbine and genset lubricants. Wind-turbine buildout in Coahuila and Oaxaca spurs demand for specialty greases resilient to fluctuating climate conditions. As OEM supply chains relocate, long-term industrial lubricant consumption embeds structurally higher baselines.
Rising EV Penetration Curbing Engine-Oil Volumes
Electric-vehicle registrations surged in 2024, boosting the EV share of new-car sales and reducing the per-vehicle lubricant needs. OEMs retool for battery-electric output, while Mexico City and Monterrey offer charging tax credits that push fleet operators to electrify vans. Engine oil demand erosion accelerates after 2027 as larger parcels of Mexico's aging fleet retire. Countermeasures include thermal-management fluids for lithium-ion packs and e-drive greases with dielectric properties. Development timelines and small volumes temper revenue substitution in the forecast window.
Other drivers and restraints analyzed in the detailed report include:
Shift Toward High-Performance Synthetic LubricantsIndustry 4.0 Condition-Monitoring AdoptionCrude and Base-Oil Price Volatility
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
In 2025, automotive engine oils captured 47.62% of the Mexico lubricants market share as assembled vehicles required both factory-fill and dealership after-sales support. Hydraulic fluids, however, register the highest 4.19% CAGR, driven by demand for construction equipment and mining shovels linked to infrastructure programs. Metalworking fluids increase in volume in machining plants that produce EV battery casings and aerospace components, while turbine oils benefit from 19 GW of renewable energy build-out through 2030.
Technological differentiation deepens across sub-categories. Low-viscosity SAE 0W multigrade engine oils can improve fuel economy, a key selling point as automakers strive to meet CAFE standards. Hybrid vehicles spur growth in specialized transmission fluids with high dielectric strength. Gear oil volumes trail new quarry operations in Sonora and Zacatecas, where demand for open-gear greases supporting 10-meter ball mills rises sharply. Oil off-take processes track tire production along Puebla's rubber corridor, while transformer oil consumption increases with grid modernization spending that targets 75% capacity additions by 2037.
The Mexico Lubricants Market Report is Segmented by Product Type (Automotive Engine Oil, Industrial Engine Oil, Transmission Fluids, Gear Oil, Brake Fluids, Hydraulic Fluids, Greases, Process Oil, and More), End-User Industry (Automotive, Marine, Aerospace, Heavy Equipment, and Industrial), Base Stock Type (Mineral Oil-Based, Synthetic, Semi-Synthetic, and Bio-Based). Market Forecasts are Provided in Terms of Volume (Liters).
List of Companies Covered in this Report:
Bardahl Manufacturing Corporation BP p.l.c. Chevron Corporation Exxon Mobil Corporation FUCHS Lubricantes de America, S.A. de C.V., LUKOIL Mexicana de Lubricantes S.A. de C.V. Motul Petrofer Raloy Repsol Roshfrans Shell Plc TotalEnergies SE
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
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 Automotive production boom and vehicle-parc growth
4.2.2 Near-shoring-led industrial capacity expansion
4.2.3 Shift toward high-performance synthetic lubricants
4.2.4 Industry 4.0 condition-monitoring adoption
4.2.5 Dos Bocas refinery ramp-up adding base-oil supply
4.3 Market Restraints
4.3.1 Rising EV penetration curbing engine-oil volumes
4.3.2 Crude and base-oil price volatility
4.3.3 New Hydrocarbon Sector Law raises compliance costs
4.4 Value Chain Analysis
4.5 Regulatory Framework
4.6 End-User Trends
4.6.1 Automotive Industry
4.6.2 Manufacturing Industry
4.7 Porter's Five Forces
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Buyers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes
4.7.5 Degree of Competition
5 Market Size and Growth Forecasts (Volume)
5.1 By Product Type
5.1.1 Automotive Engine Oil
5.1.2 Industrial Engine Oil
5.1.3 Transmission Fluids
5.1.4 Gear Oil
5.1.5 Brake Fluids
5.1.6 Hydraulic Fluids
5.1.7 Greases
5.1.8 Process Oil (Including Rubber Process Oil and White Oil)
5.1.9 Metalworking Fluids
5.1.10 Turbine Oil
5.1.11 Transformer Oil
5.1.12 Other Product Types
5.2 By End-user Industry
5.2.1 Automotive
5.2.1.1 Passenger Vehicles
5.2.1.2 Commercial Vehicles
5.2.1.3 Two-Wheelers
5.2.2 Marine
5.2.3 Aerospace
5.2.4 Heavy Equipment
5.2.4.1 Construction
5.2.4.2 Mining
5.2.4.3 Agriculture
5.2.5 Industrial
5.2.5.1 Power Generation
5.2.5.2 Metallurgy and Metalworking
5.2.5.3 Textiles
5.2.5.4 Oil and Gas
5.2.5.5 Other End-Use Industries
5.3 By Base Stock Type
5.3.1 Mineral Oil-Based Lubricants
5.3.2 Synthetic Lubricants
5.3.3 Semi-Synthetic Lubricants
5.3.4 Bio-Based Lubricants
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 as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
6.4.1 Bardahl Manufacturing Corporation
6.4.2 BP p.l.c.
6.4.3 Chevron Corporation
6.4.4 Exxon Mobil Corporation
6.4.5 FUCHS
6.4.6 Lubricantes de America, S.A. de C.V.,
6.4.7 LUKOIL
6.4.8 Mexicana de Lubricantes S.A. de C.V.
6.4.9 Motul
6.4.10 Petrofer
6.4.11 Raloy
6.4.12 Repsol
6.4.13 Roshfrans
6.4.14 Shell Plc
6.4.15 TotalEnergies SE
7 Market Opportunities and Future Outlook
7.1 White-space and Unmet-need Assessment
8 Key Strategic Questions for CEOs
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security