Market Size of thailand lubricants Industry
| Icons | Lable | Value |
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Study Period | 2015 - 2026 |
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Market Volume (2024) | 794.24 Million Liters |
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Market Volume (2026) | 828.48 Million Liters |
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Largest Share by End User | Automotive |
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CAGR (2024 - 2026) | 2.13 % |
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Fastest Growing by End User | Automotive |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Thailand Lubricant Market Analysis
The Thailand Lubricants Market size is estimated at 794.24 Million Liters in 2024, and is expected to reach 828.48 Million Liters by 2026, growing at a CAGR of 2.13% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Due to the huge volume of engine and gear oils used in motor vehicles compared to any other industrial application, automotive was the largest end user among all categories.
- Fastest Segment by End-user Industry - Automotive : Automotive is expected to be the fastest-growing end user segment in Thailand due to the availability of low-cost used cars and the accessibility of credit financing.
- Largest Segment by Product Type - Engine Oils : Due to the high volume of engine oil and the high replacement frequency required to lubricate gasoline engines, engine oil is the most consumed product type in Thailand.
- Fastest Segment by Product Type - Transmission & Gear Oils : As Thailand expects an increase in the usage of industrial machinery and electric cars, transmission and gear oils are predicted to rise faster than other product types.
