Thailand Automotive Engine Oils Market Size and Share

Thailand Automotive Engine Oils Market (2025 - 2030)
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
View Global Report

Thailand Automotive Engine Oils Market Analysis by Mordor Intelligence

The Thailand Automotive Engine Oils Market size is estimated at 222.01 million liters in 2025, and is expected to reach 245.12 million liters by 2030, at a CAGR of 2% during the forecast period (2025-2030). Current expansion rests on steady vehicle output, stricter Euro 5 and Euro 6 emission limits, and rising demand for premium synthetic blends that safeguard modern engines. Japanese OEMs that anchor Thailand’s manufacturing base have moved quickly to recommend low-SAPS lubricants, channeling higher value into the aftermarket. Motorcycle production eclipses 3 million units a year, cushioning soft passenger-car demand and preserving lubricant volumes in urban delivery fleets. The Thailand automotive engine oils market also benefits from a dense service-center network that raises consumer awareness of routine maintenance, offsetting margin pressure from crude-oil swings. 

Key Report Takeaways

  • By product category, passenger-car motor oil led with 62.12% of the Thailand automotive engine oils market share in 2024, while motorcycle engine oil is advancing at a 2.16% CAGR through 2030.
  • By base stock, mineral oils held 63.42% of the Thailand automotive engine oils market size in 2024, and synthetic oils are projected to grow at a 2.44% CAGR between 2025 and 2030.

Segment Analysis

By Product Type: Passenger Cars Retain Volume, Motorcycles Accelerate Growth

Passenger-car motor oil contributed 62.12% of the Thailand automotive engine oils market share in 2024, reflecting the sizable car parc clustered in Bangkok and production centers. The segment leans on 5W-30 and 0W-20 viscosities aligned with Euro 5 rules, while hybrid-friendly low-viscosity grades are entering OEM aftersales programs. Demand spikes during festival travel months drive peak workshop throughput, reinforcing full-year stability. The Thailand automotive engine oils market for passenger-car oils is forecasted to experience steady growth through 2030, driven by emission mandates promoting the use of higher-value synthetic oils.

Motorcycle engine oil is forecast to be the fastest-growing category with a 2.16% CAGR, supported by annual output above 3 million units and rising gig-delivery services. Wet-clutch tolerant JASO MA2 formulations dominate, though scooter users increasingly opt for energy-saving synthetics that offer longer drains. The share gain of motorcycle oils offsets muted heavy-duty diesel demand, anchoring total market resilience. Broad availability of 1-liter packs through convenience stores lets brands tap impulse replacement purchases, enlarging the Thailand automotive engine oils market customer base.

Thailand Automotive Engine Oils Market: Market Share by Product Type
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

By Base Stock: Mineral Grades Dominate, Synthetics Lead Value Expansion

Mineral oils represented 63.42% of the Thailand automotive engine oils market size in 2024, a legacy of local base-oil refining at IRPC’s 320 kiloton plant and Thai Oil’s Clean Fuel Project upgrades. Affordability keeps mineral volumes high in rural service shops and older vehicle fleets. However, crude volatility raises price risk, urging blenders to shift toward semi-synthetic mixes that command better margins. 

Full synthetics are the fastest-growing base-stock group at 2.44% CAGR. OEM warranty clauses now cite ACEA and API 2025 standards that mineral oils cannot meet, moving the retail mix upward. Shell’s refinery upgrades and lubricant blending plant expansions underpin local supply, while PTT’s EVOTEC platform underscores government alignment on Euro 6 readiness. Although still below 30% volume share today, synthetics generate more than 45% of segment revenue, elevating profitability in the Thailand automotive engine oils market.

Thailand Automotive Engine Oils Market: Market Share by Base Stock
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

Geography Analysis

The Eastern Economic Corridor, spanning Chonburi, Rayong, and Chachoengsao, accounts for the largest regional share of volume because it hosts the majority of assembly plants and component suppliers. On-site fill oils, line-equipment fluids, and supplier contracts create a predictable offtake even when exports dip. Bangkok and its surrounding provinces contribute the largest aftermarket turnover, thanks to a dense population of passenger cars and motorcycles that rely on a web of service centers. Provincial migration into the capital adds incremental vehicles each year, maintaining fluid demand. 

Northern hubs such as Chiang Mai and Lampang see growing two-wheeler ownership as tourism jobs raise incomes, shifting the regional balance inside the Thailand automotive engine oils market. Northeastern provinces, historically agricultural, are adopting pickup trucks that use heavier 15W-40 blends, providing diversity in product mix. Government road-building under the Transport Network Master Plan expands logistics corridors, lifting light-truck lubricant consumption outside the central plains. 

Geographic demand will evolve unevenly once EV adoption accelerates. Bangkok’s charging infrastructure is expanding fastest, implying an earlier taper in combustion-engine oil sales there, while rural areas will retain conventional vehicles longer. Regional distributors are hedging by stocking EV coolant lines and importing gear-box oils for electric drivetrains, ensuring continuity in the Thailand automotive engine oils market during the transition.

Competitive Landscape

PTT Lubricants leverages its 190 FIT Auto shops and a storage capacity exceeding 263 million liters to maintain the largest share. As a state-backed refiner with integrated retail reach, it competes on availability and national pride branding. Shell focuses on technology leadership, winning the 2024 Asian Oil & Gas Award for maintenance innovation and maintaining its exclusive supply status with BMW Asia, thereby bolstering its premium persona. ExxonMobil expands its Mobil 1 workshop footprint by 30-50 sites yearly, reinforcing presence in premium passenger-car niches. PETRONAS addresses value-seeking consumers through its Nexta launch, bridging the price gap between mineral and full synthetics. LIQUI MOLY began local production in Thailand, cutting delivery times for motor oils across Asia and lowering the environmental footprint of imports[2]LIQUI MOLY GmbH, “LIQUI MOLY starts local produc­tion in Thailand,” liqui-moly.com .  

Distribution density remains the key moat because it secures repeat aftermarket sales. All majors deploy oil-sampling kits and digital apps that track drain intervals, deepening customer stickiness in the Thailand automotive engine oils market. Marketing increasingly highlights compliance with Euro 6 emissions and reduced greenhouse-gas footprints, aligning with Thailand’s net-zero pledge. Suppliers also explore bio-based formulations; PTT Global Chemical’s tie-up with Toray on bio-nylon resin could deliver domestic feedstocks for sustainable esters. 

Competition is intense but rational, with a handful of players controlling service-center channels and premium OEM recommendations. Mid-tier local blenders survive by offering private-label packs to dealer groups, while counterfeit pressure eases as QR-code traceability becomes standard. New entrants will find high barriers in logistics cost, dealer relationships, and brand credibility, limiting major share churn within the Thailand automotive engine oils market.

Thailand Automotive Engine Oils Industry Leaders

  1. Bangchak Corporation

  2. BP p.l.c.

  3. Chevron Corporation

  4. PTT Lubricants

  5. Shell plc

  6. *Disclaimer: Major Players sorted in no particular order
Thailand Automotive Engine Oils Market - Market Concentration
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Need More Details on Market Players and Competitors?
Download PDF

Recent Industry Developments

  • September 2025: LIQUI MOLY has commenced local production in Thailand to cater to the Asian market. This new facility enhances the speed of motor oil delivery while promoting environmental sustainability. The products manufactured in Thailand will be distributed not only within the country but across the entire Asian region.
  • August 2024: PETRONAS unveiled PETRONAS Nexta, an automotive engine oil, in Thailand, targeting the affordable market segment with a premium lubricant solution. With an advanced formulation and high-quality ingredients, PETRONAS Nexta is designed to deliver optimal lubricant performance at a competitive price, enhancing the driving experience for consumers.

Table of Contents for Thailand Automotive Engine Oils Industry Report

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 Expanding vehicle population
    • 4.2.2 Rising demand for premium and synthetic lubricants
    • 4.2.3 Strong automotive manufacturing base
    • 4.2.4 Increasing maintenance and emission awareness
    • 4.2.5 Growth in distribution and service networks
  • 4.3 Market Restraints
    • 4.3.1 Rising adoption of electric vehicles
    • 4.3.2 Volatile crude oil and base-oil prices
    • 4.3.3 Fluctuating vehicle sales and production
  • 4.4 Value Chain and Distribution Channel Analysis
  • 4.5 Porter's Five Forces
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Suppliers
    • 4.5.3 Bargaining Power of Buyers
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Industry Rivalry
  • 4.6 Regulatory Framework
  • 4.7 Automotive Industry Trends

5. Market Size and Growth Forecasts (Volume)

  • 5.1 By Product Type
    • 5.1.1 Passenger Car Motor Oil (PCMO)
    • 5.1.1.1 0W-XX
    • 5.1.1.2 5W-XX
    • 5.1.1.3 10W-XX
    • 5.1.1.4 15W-XX
    • 5.1.1.5 Monogrades
    • 5.1.1.6 Other Grades
    • 5.1.2 Heavy Duty Motor Oil (HDMO)
    • 5.1.2.1 0W-XX
    • 5.1.2.2 5W-XX
    • 5.1.2.3 10W-XX
    • 5.1.2.4 15W-XX
    • 5.1.2.5 Monogrades
    • 5.1.2.6 Other Grades
    • 5.1.3 Motorcycle Engine Oil (MCO)
    • 5.1.3.1 0W-XX
    • 5.1.3.2 5W-XX
    • 5.1.3.3 10W-XX
    • 5.1.3.4 15W-XX
    • 5.1.3.5 Monogrades
    • 5.1.3.6 Other Grades
  • 5.2 By Base Stock
    • 5.2.1 Mineral
    • 5.2.2 Synthetic
    • 5.2.3 Semi-Synthetic
    • 5.2.4 Bio-Based

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, Production Capacity, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Bangchak 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 Idemitsu Kosan Co., Ltd
    • 6.4.7 IRPC Public Company Limited
    • 6.4.8 LIQUI MOLY
    • 6.4.9 Motul
    • 6.4.10 PETRONAS Lubricants International
    • 6.4.11 PTG Energy Public Company Limited
    • 6.4.12 PTT Lubricants
    • 6.4.13 Repsol
    • 6.4.14 Saudi Arabian Oil Co.
    • 6.4.15 Shell plc
    • 6.4.16 Siam Pan Group Public Co.Ltd
    • 6.4.17 Sinopec (Sinopec Lubes)
    • 6.4.18 Thai Oil PLC
    • 6.4.19 Thai Petroleum & Trading Co. Ltd
    • 6.4.20 TotalEnergies

7. Market Opportunities and Future Outlook

  • 7.1 White-space and Unmet-need Assessment

8. Key Strategic Questions for CEOs

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Thailand Automotive Engine Oils Market Report Scope

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 Product Type
Passenger Car Motor Oil (PCMO) 0W-XX
5W-XX
10W-XX
15W-XX
Monogrades
Other Grades
Heavy Duty Motor Oil (HDMO) 0W-XX
5W-XX
10W-XX
15W-XX
Monogrades
Other Grades
Motorcycle Engine Oil (MCO) 0W-XX
5W-XX
10W-XX
15W-XX
Monogrades
Other Grades
By Base Stock
Mineral
Synthetic
Semi-Synthetic
Bio-Based
By Product Type Passenger Car Motor Oil (PCMO) 0W-XX
5W-XX
10W-XX
15W-XX
Monogrades
Other Grades
Heavy Duty Motor Oil (HDMO) 0W-XX
5W-XX
10W-XX
15W-XX
Monogrades
Other Grades
Motorcycle Engine Oil (MCO) 0W-XX
5W-XX
10W-XX
15W-XX
Monogrades
Other Grades
By Base Stock Mineral
Synthetic
Semi-Synthetic
Bio-Based
Need A Different Region or Segment?
Customize Now

Key Questions Answered in the Report

How big is the Thailand automotive engine oils market in 2025?

The market stands at 222.01 million liters in 2025 and is forecast to hit 245.12 million liters by 2030, implying a 2% CAGR.

Which segment leads current demand?

Passenger-car motor oil holds the largest volume share at 62.12% in 2024, driven by the large car parc concentrated in urban regions.

What is the fastest growing product category?

Motorcycle engine oil is projected to expand at a 2.16% CAGR through 2030 as delivery services and scooter ownership increase.

Why are synthetic oils gaining traction?

Euro 5 and Euro 6 emission regulations require low-SAPS formulations, and OEMs now recommend full synthetics to protect modern after-treatment devices.

How will EV adoption affect lubricant sales?

The 30@30 policy will reduce traditional engine-oil demand over the long run, especially in cities, but opens avenues for EV-specific thermal-management fluids.

Page last updated on:

Thailand Automotive Engine Oils Market Report Snapshots