Market Size of Philippines Passenger Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 4.35 % |
| Market Concentration | High |
Philippines Passenger Vehicles Lubricants Market Analysis
The Philippines Passenger Vehicles Lubricants Market size is estimated at 10.80 Million Liters in 2024, and is expected to reach 11.76 Million Liters by 2026, growing at a CAGR of 4.35% 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 : A rise in the adoption of automatic transmissions and gradual expansion in the electric vehicles sector may boost the sector's transmission oils demand in the future.
