Malaysia Lubricants Market Trends

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

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Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of malaysia lubricants Industry

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

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