Market Size of Thailand Automotive Lubricants Industry
| Study Period | 2018 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2018 - 2019 |
| CAGR (2024 - 2026) | 2.22 % |
| Market Concentration | High |
Thailand Automotive Lubricants Market Analysis
The Thailand Automotive Lubricants Market size is estimated at 440.5 Million Liters in 2024, and is expected to reach 460.24 Million Liters by 2026, growing at a CAGR of 2.22% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : Thailand has a large active passenger vehicle parc. As a result, the lubricant consumption of this sector occupies the highest share in the overall lubricant market.
- Fastest Segment by Vehicle Type - Passenger Vehicles : The recovery in motorcycle production, usage, and sales in Thailand from 2021 are likely to support the motorcycle lubricant market's healthy growth over the coming years.
- 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 for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : The expected recovery of automotive sales and production in Thailand from 2021 is likely to drive the demand for hydraulic fluids in the country during the forecast period.
