ASEAN Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global ASEAN Lubricants Market Growth and is Segmented by Product Type (Engine Oil, Transmission and Hydraulic Fluid, Metalworking Fluid, Gear Oil, General Industrial Oil, Grease, and Other Product Types), End-user Industry (Power Generation, Automotive and Other Transportation, Heavy Equipment, Metallurgy and Metalworking, Food and Beverage, and Other End-user Industries) and Geography (Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam). The market size and forecasts for the ASEAN lubricants market are provided in million liters for all the above segments.

ASEAN Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

ASEAN Lubricants Market Size

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ASEAN Lubricants Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 4.08 %
Market Concentration High

Major Players

ASEAN Lubricants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of ASEAN Lubricants Market with other markets in Chemicals & Materials Industry

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ASEAN Lubricants Market Analysis

The ASEAN Lubricants Market is expected to register a CAGR of greater than 4.08% during the forecast period.

Due to the COVID-19 outbreak, nationwide lockdowns around the globe disrupted manufacturing activities and supply chains, and production halts impacted the market in 2020. However, the sector is recovering well since restrictions were lifted. Over the last four years, an increase in automotive sales, power generation, and demand for food and beverages led to the market recovery.

  • Over the short term, increasing transportation usage and other factors are driving the market growth.
  • On the flip side, increasing drain intervals in the automotive and industrial sectors are some factors hindering the growth of the market studied.
  • However, the growing prominence of bio-lubricants will likely act as an opportunity.
  • Indonesia is expected to dominate the market and witness the highest CAGR during the forecast period.

ASEAN Lubricants Industry Overview

The ASEAN Lubricants Market is consolidated in nature. The major players in this market (not in a particular order) include CASTROL LIMITED (BP p.l.c.), Shell PLC, Exxon Mobil Corporation, PT Pertamina Lubricants, and Caltex (Chevron Corporation), among others.

ASEAN Lubricants Market Leaders

  1. Caltex (Chevron Corporation)

  2. CASTROL LIMITED (BP p.l.c.)

  3. Shell PLC

  4. Exxon Mobil Corporation

  5. PT Pertamina Lubricants

  6. *Disclaimer: Major Players sorted in no particular order
ASEAN Lubricants Market Concentration
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ASEAN Lubricants Market News

  • Nov 2022: Shell Indonesia ('Shell') expanded its Marunda Lubricants Oil Blending Plant (LOBP) in Bekasi to meet the growing demand for premium lubricant products in Indonesia.
  • May 2022: PTT announced its partnership with Aramco to strengthen cooperation across crude oil sourcing, marketing refining, petrochemical products, and liquefied natural gas (LNG) in Thailand.

ASEAN Lubricants Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Usage for Transportation Purposes
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Increasing Drain Intervals in the Automotive and Industrial Sectors
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Product Type
    • 5.1.1 Engine Oil
    • 5.1.2 Transmission and Hydraulic Fluid
    • 5.1.3 Metalworking Fluid
    • 5.1.4 General Industrial Oil
    • 5.1.5 Gear Oil
    • 5.1.6 Grease
    • 5.1.7 Other Product Types
  • 5.2 End-user Industry
    • 5.2.1 Power Generation
    • 5.2.2 Automotive and Other Transportation
    • 5.2.3 Heavy Equipment
    • 5.2.4 Metallurgy and Metalworking
    • 5.2.5 Food and Beverage
    • 5.2.6 Other End-user Industries
  • 5.3 Geography
    • 5.3.1 Indonesia
    • 5.3.2 Malaysia
    • 5.3.3 Philippines
    • 5.3.4 Singapore
    • 5.3.5 Thailand
    • 5.3.6 Vietnam

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share(%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Caltex (Chevron Corporation)
    • 6.4.2 CASTROL LIMITED (BP p.l.c.)
    • 6.4.3 Exxon Mobil Corporation
    • 6.4.4 FUCHS
    • 6.4.5 Idemitsu Kosan Co.,Ltd
    • 6.4.6 Petronas
    • 6.4.7 PT Pertamina Lubricants
    • 6.4.8 PTT Lubricants
    • 6.4.9 Shell PLC
    • 6.4.10 TotalEnergies
    • 6.4.11 Valvoline Global Operations
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growing Industrial Activites in ASEAN countries
  • 7.2 Other Opportunities
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ASEAN Lubricants Industry Segmentation

Lubricant products are made from a combination of base oils and additives. The composition of base oil in the formulation of lubricants is primarily between 75-90%. Base oils possess lubricating properties and make up to 90% of the final lubricant product. The market is segmented based on product type, end-user industry, and Geography. The market is segmented by product type into engine oil, transmission and hydraulic fluid, general industrial oil, gear oil, grease, and other product types. By end-user industry, the market is segmented into power generation, automotive and other transportation, heavy equipment, food and beverage, and other end-user industries. The report also covers the size and forecasts for the lubricants market in 6 regional countries. The market sizing and forecasts for each segment are based on volume (liters).

Product Type Engine Oil
Transmission and Hydraulic Fluid
Metalworking Fluid
General Industrial Oil
Gear Oil
Grease
Other Product Types
End-user Industry Power Generation
Automotive and Other Transportation
Heavy Equipment
Metallurgy and Metalworking
Food and Beverage
Other End-user Industries
Geography Indonesia
Malaysia
Philippines
Singapore
Thailand
Vietnam
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ASEAN Lubricants Market Research FAQs

What is the current ASEAN Lubricants Market size?

The ASEAN Lubricants Market is projected to register a CAGR of greater than 4.08% during the forecast period (2025-2030)

Who are the key players in ASEAN Lubricants Market?

Caltex (Chevron Corporation), CASTROL LIMITED (BP p.l.c.), Shell PLC, Exxon Mobil Corporation and PT Pertamina Lubricants are the major companies operating in the ASEAN Lubricants Market.

What years does this ASEAN Lubricants Market cover?

The report covers the ASEAN Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the ASEAN Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

ASEAN Lubricants Industry Report

Statistics for the 2025 ASEAN Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. ASEAN Lubricants 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.