How big is the Malaysia Lubricants Market?

The Malaysia Lubricants Market size is expected to reach 504.32 million Liters in 2024 and grow at a CAGR of 2.9% to reach 534.03 million Liters by 2026. Read More

What is the current Malaysia Lubricants Market size?

In 2024, the Malaysia Lubricants Market size is expected to reach 504.32 million Liters. Read More

Who are the key players in Malaysia Lubricants Market?

BP PLC (Castrol), Chevron Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Malaysia Lubricants Market. Read More

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

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

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

In 2024, the Power Generation segment accounts for the fastest growing by end user in the Malaysia Lubricants Market. Read More

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

In 2023, the Malaysia Lubricants Market size was estimated at 489.91 million Liters. The report covers the Malaysia Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Lubricants Market size for years: 2024, 2025 and 2026. Read More

Malaysia Lubricants Market Trends

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

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

Largest Segment By End User : Automotive

In 2020, the Malaysian lubricant market was dominated by the automotive industry, which accounted for around 70% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased by around 25%.
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 9.3% during the year over 2019, followed by heavy equipment (7.4%).
Power generation is likely to be the fastest-growing end-user industry of the market studied, with a CAGR of 3.92% during 2021-2026, followed by automotive (3.77%). The expanding power generation capacity in the country is likely to drive the consumption of lubricants in the sector.