How big is the Thailand Lubricants Market?

The Thailand Lubricants Market size is expected to reach 794.24 million Liters in 2024 and grow at a CAGR of 2.13% to reach 828.48 million Liters by 2026. Read More

What is the current Thailand Lubricants Market size?

In 2024, the Thailand Lubricants Market size is expected to reach 794.24 million Liters. Read More

Who are the key players in Thailand Lubricants Market?

Bangchak Corporation, Chevron Corporation, ExxonMobil Corporation, PTT Lubricants and Royal Dutch Shell Plc are the major companies operating in the Thailand Lubricants Market. Read More

Which segment has the biggest share in the Thailand Lubricants Market?

In the Thailand Lubricants Market, the Automotive segment accounts for the largest share by end user. Read More

Which is the fastest growing segment in the Thailand Lubricants Market?

In 2024, the Automotive segment accounts for the fastest growing by end user in the Thailand Lubricants Market. Read More

What years does this Thailand Lubricants Market cover, and what was the market size in 2023?

In 2023, the Thailand Lubricants Market size was estimated at 772.21 million Liters. The report covers the Thailand Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thailand Lubricants Market size for years: 2024, 2025 and 2026. Read More

Thailand Lubricants Market Trends

Statistics for the 2023 & 2024 Thailand Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Thailand 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.

Market Trends of thailand lubricants Industry

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

Largest Segment By End User : Automotive

In 2020, the automotive industry dominated the Thai lubricants market, accounting for 54% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased by around 4.2%.
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 14.26% during the year, followed by heavy equipment (10.2%).
Automotive is likely to be the fastest-growing end-user industry of the Thai lubricants market during 2021-2026, with a CAGR of 3.14%, followed by heavy equipment (2.85%). A recovery in the average mileage of vehicles and new vehicle sales will likely drive lubricant consumption from the automotive industry during the next five years.