
Study Period | 2019 - 2030 |
Market Volume (2025) | 281.60 Million Liters |
Market Volume (2030) | 306.67 Million Liters |
CAGR | 1.72 % |
Fastest Growing Market | Commercial Vehicles |
Largest Market | Passenger Vehicles |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Thailand Automotive Engine Oils Market Analysis
The Thailand Automotive Engine Oils Market size is estimated at 281.60 million liters in 2025, and is expected to reach 306.67 million liters by 2030, at a CAGR of 1.72% during the forecast period (2025-2030).
- Largest Segment by Vehicle Type - Commercial Vehicles : The average engine oil consumption of commercial vehicles is high. As a result, this sector accounted for the largest share of the overall engine oil consumption.
- Fastest Segment by Vehicle Type - Passenger Vehicles : The recovery of car production and sales in Thailand from 2021 is expected to be at a faster rate, boosting the growth rate of engine oil consumption in the near future.
Thailand Automotive Engine Oils Market Trends
Largest Segment By Vehicle Type
- In Thailand, engine oils accounted for about 64% of automotive lubricants in 2020. During 2015-2019, engine oil consumption in the country recorded a CAGR of 0.22%. The increase in the vehicle population drove engine oil consumption during this period.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to a 14.4% dip in engine oil consumption. The motorcycle segment recorded the largest decline of 16.4% in engine oil consumption during the year.
- Over the forecast period, the passenger vehicle (PV) segment is expected to register the highest growth of about 4.57% in engine oil consumption. The growth is likely to be driven by PV sales in the country over the next five years. However, the growth is likely to be restrained to some extent due to the increasing electric vehicle sales and usage of synthetic oils.

Largest Segment By Vehicle Type
- In Thailand, engine oils accounted for about 64% of automotive lubricants in 2020. During 2015-2019, engine oil consumption in the country recorded a CAGR of 0.22%. The increase in the vehicle population drove engine oil consumption during this period.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to a 14.4% dip in engine oil consumption. The motorcycle segment recorded the largest decline of 16.4% in engine oil consumption during the year.
- Over the forecast period, the passenger vehicle (PV) segment is expected to register the highest growth of about 4.57% in engine oil consumption. The growth is likely to be driven by PV sales in the country over the next five years. However, the growth is likely to be restrained to some extent due to the increasing electric vehicle sales and usage of synthetic oils.

Thailand Automotive Engine Oils Industry Overview
The Thailand Automotive Engine Oils Market is moderately consolidated, with the top five companies occupying 56.88%. The major players in this market are Bangchak Corporation, CHEVRON CORPORATION, ExxonMobil Corporation, PTT Lubricants and Royal Dutch Shell Plc (sorted alphabetically).
Thailand Automotive Engine Oils Market Leaders
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Bangchak Corporation
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CHEVRON CORPORATION
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ExxonMobil Corporation
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PTT Lubricants
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Royal Dutch Shell Plc
- *Disclaimer: Major Players sorted in no particular order

Thailand Automotive Engine Oils Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- September 2021: ExxonMobil Asia Pacific Pte Ltd established the MobilSM Fleet Care (MFC) program for its lubricant clients, which provides fleet owners and operators with a holistic picture of their fleet's operating performance.
- June 2021: Shell and Ezyhaul (a digital road freight platform) were working closely to transform Thailand's freight market further. The partnership is expected to provide Thai business owners with immediate access to Shell and Ezyhaul offerings and prospects to expand their operations.
Thailand Automotive Engine Oils Industry Segmentation
The Thailand Automotive Engine Oil is segmented by vehicle type. By vehicle type, the market is segmented into commercial vehicles, motorcycles, passenger vehicles) and by-product grade.
By Vehicle Type | Commercial Vehicles |
Motorcycles | |
Passenger Vehicles |
Thailand Automotive Engine Oils Market Research FAQs
How big is the Thailand Automotive Engine Oils Market?
The Thailand Automotive Engine Oils Market size is expected to reach 281.60 million Liters in 2025 and grow at a CAGR of 1.72% to reach 306.67 million Liters by 2030.
What is the current Thailand Automotive Engine Oils Market size?
In 2025, the Thailand Automotive Engine Oils Market size is expected to reach 281.60 million Liters.
Who are the key players in Thailand Automotive Engine Oils Market?
Bangchak Corporation, CHEVRON CORPORATION, ExxonMobil Corporation, PTT Lubricants and Royal Dutch Shell Plc are the major companies operating in the Thailand Automotive Engine Oils Market.
Which is the fastest growing region in Thailand Automotive Engine Oils Market?
Commercial Vehicles is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Thailand Automotive Engine Oils Market?
In 2025, the Passenger Vehicles accounts for the largest market share in Thailand Automotive Engine Oils Market.
What years does this Thailand Automotive Engine Oils Market cover, and what was the market size in 2024?
In 2024, the Thailand Automotive Engine Oils Market size was estimated at 276.76 million Liters. The report covers the Thailand Automotive Engine Oils Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thailand Automotive Engine Oils Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Thailand Engine Oil Industry Report
Statistics for the 2025 Thailand Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand Automotive Engine Oils analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.