Market Size of indonesia lubricants Industry
| Icons | Lable | Value |
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Study Period | 2015 - 2026 |
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Market Volume (2024) | 1.02 Billion Liters |
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Market Volume (2026) | 1.10 Billion Liters |
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Largest Share by End User | Automotive |
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CAGR (2024 - 2026) | 3.85 % |
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Fastest Growing by End User | Automotive |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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.
