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Lubricants Market in Malaysia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2026)

The Report Covers Malaysia Lubricants Market Trends & Share and it is Segmented by End User (Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation) and by Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils)

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Malaysia Lubricants Market Size

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Malaysia Lubricants Market
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svg icon Study Period 2015 - 2026
svg icon Market Volume (2024) 504.32 Million Liters
svg icon Market Volume (2026) 534.03 Million Liters
svg icon Largest Share by End User Automotive
svg icon CAGR (2024 - 2026) 2.90 %
svg icon Fastest Growing by End User Power Generation
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

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Malaysia Lubricants Market Analysis

The Malaysia Lubricants Market size is estimated at 504.32 Million Liters in 2024, and is expected to reach 534.03 Million Liters by 2026, growing at a CAGR of 2.9% during the forecast period (2024-2026).

  • Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment among all segments in Malaysia due to the higher amount of lubricants used in vehicles compared to industrial applications.
  • Fastest Segment by End-user Industry - Power Generation : Power generation is expected to be the fastest-growing end user in Malaysia due to the rising usage of natural gas reactors and wind turbines for energy generation.
  • Largest Segment by Product Type - Engine Oils : Due to the varying engine sizes of cars, trucks, and buses, and their high oil changing frequencies, engine oil is the majorly used product category in Malaysia.
  • Fastest Segment by Product Type - Transmission & Gear Oils : Increasing adoption of automatic transmission cars and recovery in manufacturing activities are likely to augment the demand for transmission and gear oils at a healthy rate.

Malaysia Lubricants Market Trends

This section covers the major market trends shaping the Malaysia Lubricants Market according to our research experts:

Largest Segment By End User : Automotive

  • In 2020, the Malaysian lubricant market was dominated by the automotive industry, which accounted for around 70% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased by around 25%.
  • 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 9.3% during the year over 2019, followed by heavy equipment (7.4%).
  • Power generation is likely to be the fastest-growing end-user industry of the market studied, with a CAGR of 3.92% during 2021-2026, followed by automotive (3.77%). The expanding power generation capacity in the country is likely to drive the consumption of lubricants in the sector.
Malaysia Lubricants Market

Malaysia Lubricants Industry Overview

The Malaysia Lubricants Market is fairly consolidated, with the top five companies occupying 81.80%. The major players in this market are BP PLC (Castrol), Chevron Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).

Malaysia Lubricants Market Leaders

  1. BP PLC (Castrol)

  2. Chevron Corporation

  3. PETRONAS Lubricants International

  4. Royal Dutch Shell Plc

  5. TotalEnergies

*Disclaimer: Major Players sorted in no particular order

Malaysia Lubricants Market
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Malaysia Lubricants 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.

Malaysia Lubricants Market Report - Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1. Study Assumptions & Market Definition

    2. 2.2. Scope of the Study

    3. 2.3. Research Methodology

  3. 3. Key Industry Trends

    1. 3.1. Automotive Industry Trends

    2. 3.2. Manufacturing Industry Trends

    3. 3.3. Power Generation Industry Trends

    4. 3.4. Regulatory Framework

    5. 3.5. Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1. By End User

      1. 4.1.1. Automotive

      2. 4.1.2. Heavy Equipment

      3. 4.1.3. Metallurgy & Metalworking

      4. 4.1.4. Power Generation

      5. 4.1.5. Other End-user Industries

    2. 4.2. By Product Type

      1. 4.2.1. Engine Oils

      2. 4.2.2. Greases

      3. 4.2.3. Hydraulic Fluids

      4. 4.2.4. Metalworking Fluids

      5. 4.2.5. Transmission & Gear Oils

      6. 4.2.6. Other Product Types

  5. 5. Competitive Landscape

    1. 5.1. Key Strategic Moves

    2. 5.2. Market Share Analysis

    3. 5.3. Company Profiles

      1. 5.3.1. Advance Lube Holding

      2. 5.3.2. BP PLC (Castrol)

      3. 5.3.3. Chevron Corporation

      4. 5.3.4. ExxonMobil Corporation

      5. 5.3.5. FUCHS

      6. 5.3.6. Petron Corporation

      7. 5.3.7. PETRONAS Lubricants International

      8. 5.3.8. Royal Dutch Shell Plc

      9. 5.3.9. TotalEnergies

      10. 5.3.10. Valvoline Inc.

  6. 6. Appendix

    1. 6.1. Appendix-1 References

    2. 6.2. Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Lubricants CEOs

List of Tables & Figures

  1. Figure 1:  
  2. VEHICLE POPULATION, NUMBER OF UNITS, MALAYSIA, 2015 - 2026
  1. Figure 2:  
  2. COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, MALAYSIA, 2015 - 2026
  1. Figure 3:  
  2. MOTORCYCLES POPULATION, NUMBER OF UNITS, MALAYSIA, 2015 - 2026
  1. Figure 4:  
  2. PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, MALAYSIA, 2015 - 2026
  1. Figure 5:  
  2. MANUFACTURING VALUE ADDED, USD BILLION (CURRENT VALUE), MALAYSIA, 2015 - 2020
  1. Figure 6:  
  2. POWER GENERATION CAPACITY, GIGAWATT (GW), MALAYSIA, 2015 - 2020
  1. Figure 7:  
  2. MALAYSIA LUBRICANTS MARKET, 2015-2026
  1. Figure 8:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, BY END USER, 2015-2026
  1. Figure 9:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 10:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, ALL, 2015-2026
  1. Figure 11:  
  2. MALAYSIA LUBRICANTS MARKET, ALL, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 12:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, AUTOMOTIVE, 2015-2026
  1. Figure 13:  
  2. MALAYSIA LUBRICANTS MARKET, AUTOMOTIVE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 14:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, HEAVY EQUIPMENT, 2015-2026
  1. Figure 15:  
  2. MALAYSIA LUBRICANTS MARKET, HEAVY EQUIPMENT, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 16:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, METALLURGY & METALWORKING, 2015-2026
  1. Figure 17:  
  2. MALAYSIA LUBRICANTS MARKET, METALLURGY & METALWORKING, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 18:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, POWER GENERATION, 2015-2026
  1. Figure 19:  
  2. MALAYSIA LUBRICANTS MARKET, POWER GENERATION, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 20:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER END-USER INDUSTRIES, 2015-2026
  1. Figure 21:  
  2. MALAYSIA LUBRICANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 22:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026
  1. Figure 23:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 24:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, ALL, 2015-2026
  1. Figure 25:  
  2. MALAYSIA LUBRICANTS MARKET, ALL, VOLUME SHARE (%), BY VEHICLE TYPE, 2020
  1. Figure 26:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026
  1. Figure 27:  
  2. MALAYSIA LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020
  1. Figure 28:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026
  1. Figure 29:  
  2. MALAYSIA LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY VEHICLE TYPE, 2020
  1. Figure 30:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026
  1. Figure 31:  
  2. MALAYSIA LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020
  1. Figure 32:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, METALWORKING FLUIDS, 2015-2026
  1. Figure 33:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION & GEAR OILS, 2015-2026
  1. Figure 34:  
  2. MALAYSIA LUBRICANTS MARKET, TRANSMISSION & GEAR OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020
  1. Figure 35:  
  2. MALAYSIA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER PRODUCT TYPES, 2015-2026
  1. Figure 36:  
  2. MALAYSIA LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 37:  
  2. MALAYSIA LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 38:  
  2. MALAYSIA LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

Malaysia Lubricants 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
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Market Definition

  • Vehicle Types and Industrial Equipment - Automotive (Passenger Vehicles, Commercial Vehicles and Motorcycles), Power Generation, Heavy Equipment, Metallurgy & Metalworking and Other End-user Industries (Marine, Aviation etc.) are considered under the lubricants market.​
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission & gear oils, hydraulic fluids, metalworking fluids, and greases are taken into consideration.​
  • Service Refill - Service/maintenance refill is considered while accounting the lubricant consumption for each of the vehicle and equipment, under the study.​
  • Factory Fill - First lubricant fill-ups for newly produced vehicles and industrial equipment are considered under the study.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Malaysia Lubricants Market Research FAQs

The Malaysia Lubricants Market size is expected to reach 504.32 million Liters in 2024 and grow at a CAGR of 2.9% to reach 534.03 million Liters by 2026.

In 2024, the Malaysia Lubricants Market size is expected to reach 504.32 million Liters.

BP PLC (Castrol), Chevron Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Malaysia Lubricants Market.

In the Malaysia Lubricants Market, the Automotive segment accounts for the largest share by end user.

In 2024, the Power Generation segment accounts for the fastest growing by end user in the Malaysia Lubricants Market.

In 2023, the Malaysia Lubricants Market size was estimated at 489.91 million Liters. The report covers the Malaysia Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Lubricants Market size for years: 2024, 2025 and 2026.

Lubricants in Malaysia Industry Report

Statistics for the 2024 Lubricants in Malaysia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Lubricants in Malaysia analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Lubricants in Malaysia Market Report Snapshots

Lubricants Market in Malaysia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2026)