Indonesia Lubricant Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 1.02 Billion Liters |
| Market Volume (2026) | 1.10 Billion Liters |
| CAGR (2024 - 2026) | 3.85 % |
| Market Concentration | High |
Indonesia Lubricant Market Analysis
The Indonesia Lubricants Market size is estimated at 1.02 Billion Liters in 2024, and is expected to reach 1.10 Billion Liters by 2026, growing at a CAGR of 3.85% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Automotive was the largest end user among all end-user segments due to the high proportion of active vehicle fleet and consumer activity than any industrial application.
- Fastest Segment by End-user Industry - Automotive : Due to the accessibility of low-cost used cars and the low-interest credit financing, automotive is likely to be the fastest-growing end user of lubricants in Indonesia.
- Largest Segment by Product Type - Engine Oils : Engine oil is the largest consumed product category in Indonesia due to the varying engine sizes of cars, motorcycles, trucks, and buses and high oil changing frequencies.
- Fastest Segment by Product Type - Transmission & Gear Oils : As Indonesia 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.
Indonesia Lubricant Market Trends
This section covers the major market trends shaping the Indonesia Lubricants Market according to our research experts:
Largest Segment By End User : Automotive
- In 2020, the Indonesian lubricant market was dominated by the automotive sector, which accounted for around 60% of the total lubricant consumption in the country. During 2015-2019, lubricants consumption in the automotive industry increased by around 21%.
- In 2020, COVID-19 pandemic-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 11.6%, followed by heavy equipment (8.1%), during the year.
- Automotive is likely to be the fastest-growing end-user segment of the market studied and is expected to record a CAGR of 5.2% over 2021-2026, followed by heavy equipment (4.07%). The passenger vehicle and motorcycle sales and growth in average travel rates are likely to drive the consumption of the automotive sector during 2021-26.
Indonesia Lubricant Industry Overview
The Indonesia Lubricants Market is fairly consolidated, with the top five companies occupying 81.17%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, PT Pertamina, PT Wiraswasta Gemilang Indonesia (Evalube) and Royal Dutch Shell PLC (sorted alphabetically).
Indonesia Lubricant Market Leaders
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BP PLC (Castrol)
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ExxonMobil Corporation
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PT Pertamina
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PT Wiraswasta Gemilang Indonesia (Evalube)
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Royal Dutch Shell PLC
*Disclaimer: Major Players sorted in no particular order
Indonesia Lubricant Market News
- May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.
- March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
Indonesia Lubricant Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 Automotive Industry Trends
3.2 Manufacturing Industry Trends
3.3 Power Generation Industry Trends
3.4 Regulatory Framework
3.5 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By End User
4.1.1 Automotive
4.1.2 Heavy Equipment
4.1.3 Metallurgy & Metalworking
4.1.4 Power Generation
4.1.5 Other End-user Industries
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Metalworking Fluids
4.2.5 Transmission & Gear Oils
4.2.6 Other Product Types
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP PLC (Castrol)
5.3.2 Chevron Corporation
5.3.3 ExxonMobil Corporation
5.3.4 FUCHS
5.3.5 Idemitsu Kosan Co. Ltd
5.3.6 PT Pertamina
5.3.7 PT Wiraswasta Gemilang Indonesia (Evalube)
5.3.8 Royal Dutch Shell PLC
5.3.9 Top 1
5.3.10 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Indonesia Lubricant Industry Segmentation
| By End User | |
| Automotive | |
| Heavy Equipment | |
| Metallurgy & Metalworking | |
| Power Generation | |
| Other End-user Industries |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Metalworking Fluids | |
| Transmission & Gear Oils | |
| Other Product Types |
Indonesia Lubricant Market Research FAQs
How big is the Indonesia Lubricants Market?
The Indonesia Lubricants Market size is expected to reach 1.02 billion Liters in 2024 and grow at a CAGR of 3.85% to reach 1.10 billion Liters by 2026.
What is the current Indonesia Lubricants Market size?
In 2024, the Indonesia Lubricants Market size is expected to reach 1.02 billion Liters.
Who are the key players in Indonesia Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, PT Pertamina, PT Wiraswasta Gemilang Indonesia (Evalube) and Royal Dutch Shell PLC are the major companies operating in the Indonesia Lubricants Market.
Which segment has the biggest share in the Indonesia Lubricants Market?
In the Indonesia Lubricants Market, the Automotive segment accounts for the largest share by end user.
Which is the fastest growing segment in the Indonesia Lubricants Market?
In 2024, the Automotive segment accounts for the fastest growing by end user in the Indonesia Lubricants Market.
What years does this Indonesia Lubricants Market cover, and what was the market size in 2023?
In 2023, the Indonesia Lubricants Market size was estimated at 981.68 million Liters. The report covers the Indonesia Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Lubricants Market size for years: 2024, 2025 and 2026.
Lubricant in Indonesia Industry Report
Statistics for the 2024 Lubricant in Indonesia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Lubricant in Indonesia analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Lubricant Market in Indonesia Report Snapshots
