How big is the Indonesia Lubricants Market?

The Indonesia Lubricants Market size is expected to reach 1.02 billion Liters in 2024 and grow at a CAGR of 3.85% to reach 1.10 billion Liters by 2026. Read More

What is the current Indonesia Lubricants Market size?

In 2024, the Indonesia Lubricants Market size is expected to reach 1.02 billion Liters. Read More

Who are the key players in Indonesia Lubricants Market?

BP PLC (Castrol), ExxonMobil Corporation, PT Pertamina, PT Wiraswasta Gemilang Indonesia (Evalube) and Royal Dutch Shell PLC are the major companies operating in the Indonesia Lubricants Market. Read More

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

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

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

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

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

In 2023, the Indonesia Lubricants Market size was estimated at 981.68 million Liters. The report covers the Indonesia Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Lubricants Market size for years: 2024, 2025 and 2026. Read More

Indonesia Lubricants Market Trends

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

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

Largest Segment By End User : Automotive

In 2020, the Indonesian lubricant market was dominated by the automotive sector, which accounted for around 60% of the total lubricant consumption in the country. During 2015-2019, lubricants consumption in the automotive industry increased by around 21%.
In 2020, COVID-19 pandemic-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 11.6%, followed by heavy equipment (8.1%), during the year.
Automotive is likely to be the fastest-growing end-user segment of the market studied and is expected to record a CAGR of 5.2% over 2021-2026, followed by heavy equipment (4.07%). The passenger vehicle and motorcycle sales and growth in average travel rates are likely to drive the consumption of the automotive sector during 2021-26.