Malaysia Lubricants Market Size

Statistics for the 2023 & 2024 Malaysia Lubricants market size, created by Mordor Intelligence™ Industry Reports. Malaysia Lubricants size report includes a market forecast to 2026 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of malaysia lubricants Industry

Malaysia Lubricants Market
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Icons Lable Value
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

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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.

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