Market Size of Vietnam Passenger Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 16.98 Million Liters |
| Market Volume (2026) | 18.04 Million Liters |
| CAGR (2024 - 2026) | 3.07 % |
| Market Concentration | High |
Vietnam Passenger Vehicles Lubricants Market Analysis
The Vietnam Passenger Vehicles Lubricants Market size is estimated at 16.98 Million Liters in 2024, and is expected to reach 18.04 Million Liters by 2026, growing at a CAGR of 3.07% 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 in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected growth in the penetration of automatic transmissions and increasing need for older cars are expected to augment the transmission oils segment in the near future.
