Market Size of South Korea 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) | 3.50 % |
| Market Concentration | High |
South Korea Passenger Vehicles Lubricants Market Analysis
The South Korea Passenger Vehicles Lubricants Market size is estimated at 180.48 Million Liters in 2024, and is expected to reach 193.32 Million Liters by 2026, growing at a CAGR of 3.5% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oils are the leading product type due to their high volume requirements and shorter drain intervals as they are used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : The expected recovery of car sales and production in South Korea from 2021 is likely to drive the demand for hydraulic fluids in the country during the forecast period.
