Malaysia Passenger Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 173.73 Million Liters |
| Market Volume (2026) | 183.05 Million Liters |
| CAGR (2024 - 2026) | 2.65 % |
| Market Concentration | High |
Malaysia Passenger Vehicles Lubricants Market Analysis
The Malaysia Passenger Vehicles Lubricants Market size is estimated at 173.73 Million Liters in 2024, and is expected to reach 183.05 Million Liters by 2026, growing at a CAGR of 2.65% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of passenger car sales and production in Malaysia from 2021 is likely to drive the demand for transmission oils in the country over the forecast period.
Malaysia Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Malaysia Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- In Malaysia, passenger vehicle is the largest segment in terms of automotive lubricant consumption. During 2015-2019, the country recorded a CAGR of 6.12% in PV lubricant consumption, majorly driven by growth in vehicles on-road and PV production in the country.
- In 2020, passenger vehicles accounted for 48.73% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of about 76.59% during the year. During 2020, PV lubricant consumption declined by nearly 10% due to the COVID-19 pandemic, which led to a dip in PV sales and extended service intervals.
- In the next five years, the transmission oils segment is expected to be the fastest-growing segment with a CAGR of 5.09%. This growth is likely to be driven by a recovery in annual average distance traveled and increasing automatic car sales in the country.
Malaysia Passenger Vehicles Lubricants Industry Overview
The Malaysia Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 83.40%. The major players in this market are BP Plc (Castrol), ExxonMobil Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Malaysia Passenger Vehicles Lubricants Market Leaders
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BP Plc (Castrol)
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ExxonMobil 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 Passenger Vehicles Lubricants Market News
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
- March 2021: Hyundai Motor Company and Royal Dutch Shell PLC announced a five-year global business cooperation agreement, with a new focus on clean energy and carbon reduction, to help Hyundai continue its transformation as a Smart Mobility Solution Provider.
- March 2021: Shell and Maserati extended their technical and commercial collaboration by launching the new Shell Helix Ultra Hybrid oil for Maserati hybrid engines for long-lasting performance and superior protection to car engine lifespan.
Malaysia Passenger Vehicles Lubricants 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 Product Type
4.1.1 Engine Oils
4.1.2 Greases
4.1.3 Hydraulic Fluids
4.1.4 Transmission & Gear Oils
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 Petron Corporation
5.3.8 PETRONAS Lubricants International
5.3.9 Royal Dutch Shell Plc
5.3.10 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Malaysia Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Malaysia Passenger Vehicles Lubricants Market Research FAQs
How big is the Malaysia Passenger Vehicles Lubricants Market?
The Malaysia Passenger Vehicles Lubricants Market size is expected to reach 173.73 million Liters in 2024 and grow at a CAGR of 2.65% to reach 183.05 million Liters by 2026.
What is the current Malaysia Passenger Vehicles Lubricants Market size?
In 2024, the Malaysia Passenger Vehicles Lubricants Market size is expected to reach 173.73 million Liters.
Who are the key players in Malaysia Passenger Vehicles Lubricants Market?
BP Plc (Castrol), ExxonMobil Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Malaysia Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Malaysia Passenger Vehicles Lubricants Market?
In the Malaysia Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Malaysia Passenger Vehicles Lubricants Market?
In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Malaysia Passenger Vehicles Lubricants Market.
What years does this Malaysia Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Malaysia Passenger Vehicles Lubricants Market size was estimated at 168.77 million Liters. The report covers the Malaysia Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Malaysia Passenger Vehicles Lubricants Industry Report
Statistics for the 2023 Malaysia Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malaysia Passenger Vehicles Lubricants analysis includes a market forecast outlook to 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
