Malaysia Automotive Engine Oils Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 285.55 Million Liters |
| Market Volume (2026) | 300.92 Million Liters |
| CAGR (2024 - 2026) | 2.66 % |
| Market Concentration | High |
Malaysia Automotive Engine Oils Market Analysis
The Malaysia Automotive Engine Oils Market size is estimated at 285.55 Million Liters in 2024, and is expected to reach 300.92 Million Liters by 2026, growing at a CAGR of 2.66% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : Malaysia has a large passenger vehicle parc. As a result, the lubricant consumption of this sector occupies the highest share in the country's automotive lubricant industry.
- Fastest Segment by Vehicle Type - Motorcycles : The recovery in motorcycle production and sales in Malaysia from 2021 and increasing business activities are positive factors driving the consumption of lubricants.
Malaysia Automotive Engine Oils Market Trends
This section covers the major market trends shaping the Malaysia Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- In Malaysia, engine oils accounted for about 80% of automotive lubricants in 2020. During 2015-2019, engine oil consumption in the country recorded a CAGR of 5.93%. The increase in vehicle population and average distance traveled drove engine oil consumption during this period.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage of the existing vehicle fleet in the country, which led to a 9.7% dip in engine oil consumption. The commercial vehicle segment recorded the largest decline of 11.3% in engine oil consumption during the year.
- During 2021-2026, the motorcycle segment is expected to register the highest CAGR growth of about 5.5% in engine oil consumption. The growth is likely to be driven by an expected recovery in motorcycle sales with favorable government incentives like low interest rates and high liquidity of motorcycles observed in 2021.
Malaysia Automotive Engine Oils Industry Overview
The Malaysia Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 82.09%. The major players in this market are BP Plc (Castrol), Chevron Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Malaysia Automotive Engine Oils Market Leaders
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BP Plc (Castrol)
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Chevron Corporation
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PETRONAS Lubricants International
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Royal Dutch Shell Plc
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Malaysia Automotive Engine Oils Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2021: Castrol, one of Malaysia's major automotive lubricant manufacturers, introduced Castrol Power1 Ultimate, a brand-new type of 100% synthetic engine oil that promises exceptional performance and endurance.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
Malaysia Automotive Engine Oils 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 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Grade
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 Emirates National Oil Company (ENOC)
5.3.4 ExxonMobil Corporation
5.3.5 Feoso Oil (Malaysia) SDN BHD
5.3.6 LIQUI MOLY
5.3.7 PETRONAS Lubricants International
5.3.8 Royal Dutch Shell Plc
5.3.9 TotalEnergies
5.3.10 Valvoline Inc.
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Malaysia Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
Malaysia Automotive Engine Oils Market Research FAQs
How big is the Malaysia Automotive Engine Oils Market?
The Malaysia Automotive Engine Oils Market size is expected to reach 285.55 million Liters in 2024 and grow at a CAGR of 2.66% to reach 300.92 million Liters by 2026.
What is the current Malaysia Automotive Engine Oils Market size?
In 2024, the Malaysia Automotive Engine Oils Market size is expected to reach 285.55 million Liters.
Who are the key players in Malaysia Automotive Engine Oils Market?
BP Plc (Castrol), Chevron Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Malaysia Automotive Engine Oils Market.
Which segment has the biggest share in the Malaysia Automotive Engine Oils Market?
In the Malaysia Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Malaysia Automotive Engine Oils Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Malaysia Automotive Engine Oils Market.
What years does this Malaysia Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the Malaysia Automotive Engine Oils Market size was estimated at 277.71 million Liters. The report covers the Malaysia Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
Malaysia Automotive Engine Oils Industry Report
Statistics for the 2024 Malaysia Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malaysia Automotive Engine Oils analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
