Thailand Lubricants Market | Trends, Share, Size, Analysis, Revenue & Forecast: Ken Research

Advancing Technologies, Investment Incentives and Government Initiatives driving the Lubricant Market in Thailand: Ken Research

New Entrants in Thailand Lubricant industry have an opportunity to increase their sales by tying up with the industries in the untapped manufacturing clusters. Growing e-commerce industry in the Thailand is also expected to incentivize the market revenues.

Impact of boost in the sales of Automobiles: The boost in the sales of automobiles in the country has significantly led to an increase in the consumption of automotive lubricants over industrial lubricants. The increased sales were also supported by the continuous improvement in the refining process of the existing players and the upgradation of refineries by the lubricants giants operating in the country. The industrial sector in Thailand has been growing over the recent past. This has led to the installation of more machinery and equipment required by the market players operating in construction, manufacturing, agriculture, mining, iron and steel, electricity and healthcare sector.

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Manufacturing Sector: Thailand's manufacturing sector, specifically, grew significantly by double digit CAGR as exports reached pre-pandemic levels accounting for significant percent of the country's total production. Increasing number of machineries installed in the manufacturing plants has increased the demand for lubricants in the country.

Fake Lubricants: The prevalence of counterfeit lubricants is also prevalent in Thailand as in other ASEAN countries, both domestic as well as export market.

This significantly affects the participation of players who can provide quality lubricant to end users in Lubricants Market in Thailand.

Impact of Covid-19: In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of double digit during the year, followed by heavy equipment. Industrial consumptions including Construction for Oil and Lubricants dropped from the year 2019 to 2020.

The report titled "Thailand Lubricants Market Outlook to 2026:-Driven By Growth in demand for Bio-Lubricants and Major Share of Passenger Vehicle Lubricant in the Country", provides an exhaustive analysis of the Lubricant market in Thailand. The market is expected to expand over the period 2022-2026F in Thailand to fulfill the consumption requirements of both industrial and automotive sectors by processing mineral oils into semi-synthetic and synthetic oils. The market is expected to witness enhancing use of synthetic lubricants over long term, due to the growing awareness of people to switch to better quality lube oils for long term protection of the engines, still mineral grade lubricants are expected to be preferred end user's choice.

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Key Segments Covered in the report

Thailand Lubricants Market:

By Type, on the Basis of Sales Volume (Mn Lts):
Industrial Lubricant
Automotive Lubricant
By Grade, on the Basis of Sales Volume (Mn Lts):
Mineral
Semi-Syntenic
Synthetic

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Thailand Industrial Lubricants Market:

By Type, on the Basis of Sales Volume (Mn Lts):
Hydraulic Fluid
Gear Oil
Grease
Metalworking Fluid
Others (Turbine Oil, Compressor Oil, etc.)
By End Use, on the Basis of Sales Volume (Mn Lts):
Construction and Mining
General Manufacturing
Metal Production
Power Generation
Food Processing
Others (Agriculture, Medical, etc.)
By Distribution Channel, on the Basis of Sales Volume (Mn Lts):
Dealer Network
Direct Sales

Thailand Automotive Lubricants Market:

By Type, on the Basis of Sales Volume (Mn Lts):
Heavy-Duty Diesel Engine Oil
Passenger Vehicle Motor Oil
Transmission Fluids
Hydraulic Oil
Greases
Others
By End Use, on the Basis of Sales Volume (Mn Lts):
Commercial Vehicles
Passenger Cars
Motor Cycles
Marine
Others (Aviation, etc.)
By Distribution Channel, on the Basis of Sales Volume (Mn Lts):
Service stations/Local Workshops
OEMs
Supermarkets/ Hypermarkets
Online

Key Target Audience

Lubricants Manufacturers
Lubricants Distributors Refining Companies
Construction and Mining Industry
General Manufacturing Industry
Metal Production Industry Base-oil Companies
Additive Companies
Metal Production Industry
Power Generation Industry
Food Processing Industry
Agriculture Industry
Medical Industry
Automotive OEMs
Automotive Dealerships
Government Agencies
Consulting and Advisory Firms

Time Period Captured in the Report:

Historical Period: 2016-2021
Forecast Period: 2021-2026F

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Companies Covered:

PTT Oil and Retail
The Shell Company of Thailand
Bangchak Corporation
BP-Castrol (Thailand)
Esso (Thailand)
Idemitsu Lubricants (Thailand)
Siam Pan Group
Chevron Thailand
Thai Petroleum &Trading
Valvoline

Key Topics Covered in the Report

Thailand Lubricants Market Overview
Ecosystem of Lubricants Market
Business Cycle and Genesis of Thailand Lubricants Market Overview
Value Chain Analysis for Thailand Lubricants Market
SWOT Analysis for Thailand Lubricants Market
Porter's Five Forces Analysis Thailand Lubricants Market
Growth Drivers in Thailand Lubricants Market
Bottlenecks and Challenges in Thailand Lubricants Market
Trends and Developments in Thailand Lubricants Market
Government Regulations
End User Analysis of Thailand Lubricants Market
Covid-19 Impact on Thailand Lubricants Market
Competitive Landscape in Thailand Lubricants Market
Strengths and Weaknesses of the Major Players in Thailand Industrial Lubricant market
Strengths and Weaknesses of the Major Players in Thailand Automotive Lubricant market
Cross Comparison of Major Players in Thailand Industrial Lubricant Market
Cross Comparison of Major Players in Thailand Automotive Lubricants Market
Product Portfolio of Major Players in Thailand Industrial Lubricants Market
Product Portfolio of Major Players Thailand Automotive Lubricants Market
Detailed Analysis on Thailand Lubricants Market (Market Size and Segmentation, 2016-2022; Future Market Size and Segmentation, 2022-2026F)
Detailed Analysis on Thailand Industrial Lubricants Market (Market Segmentation, 2016-2022; Future Market Segmentation, 2022-2026F)
Detailed Analysis on Thailand Automotive Lubricants Market (Market Segmentation,2016- 2022; Future Market Segmentation, 2022-2026F)
Market Opportunity and Analyst Recommendations

For more information on the research reports, refer to below link: -

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/thailand-lubricant-market-outlook-to-2026/596128-100.html

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