Market Size of malaysia lubricants Industry
| Icons | Lable | Value |
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Study Period | 2015 - 2026 |
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Market Volume (2024) | 504.32 Million Liters |
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Market Volume (2026) | 534.03 Million Liters |
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Largest Share by End User | Automotive |
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CAGR (2024 - 2026) | 2.90 % |
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Fastest Growing by End User | Power Generation |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Malaysia Lubricants Market Analysis
The Malaysia Lubricants Market size is estimated at 504.32 Million Liters in 2024, and is expected to reach 534.03 Million Liters by 2026, growing at a CAGR of 2.9% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment among all segments in Malaysia due to the higher amount of lubricants used in vehicles compared to industrial applications.
- Fastest Segment by End-user Industry - Power Generation : Power generation is expected to be the fastest-growing end user in Malaysia due to the rising usage of natural gas reactors and wind turbines for energy generation.
- Largest Segment by Product Type - Engine Oils : Due to the varying engine sizes of cars, trucks, and buses, and their high oil changing frequencies, engine oil is the majorly used product category in Malaysia.
- Fastest Segment by Product Type - Transmission & Gear Oils : Increasing adoption of automatic transmission cars and recovery in manufacturing activities are likely to augment the demand for transmission and gear oils at a healthy rate.
