Thailand Passenger Vehicles Lubricants Market Size

Statistics for the 2023 & 2024 Thailand Passenger Vehicles Lubricants market size, created by Mordor Intelligence™ Industry Reports. Thailand Passenger Vehicles Lubricants size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Thailand Passenger Vehicles Lubricants Industry

market snapshot grapgh
Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 61.55 Million Liters
Market Volume (2026) 66.00 Million Liters
CAGR (2024 - 2026) 3.55 %
Market Concentration High

Thailand Passenger Vehicles Lubricants Market Analysis

The Thailand Passenger Vehicles Lubricants Market size is estimated at 61.55 Million Liters in 2024, and is expected to reach 66 Million Liters by 2026, growing at a CAGR of 3.55% 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 vehicle sales and production in Thailand from 2021 is expected to drive the demand for transmission oils during the forecast period.

Thailand Passenger Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026