How big is the Thailand Lubricants Market?

The Thailand Lubricants Market size is expected to reach 794.24 million Liters in 2024 and grow at a CAGR of 2.13% to reach 828.48 million Liters by 2026. Read More

What is the current Thailand Lubricants Market size?

In 2024, the Thailand Lubricants Market size is expected to reach 794.24 million Liters. Read More

Who are the key players in Thailand Lubricants Market?

Bangchak Corporation, Chevron Corporation, ExxonMobil Corporation, PTT Lubricants and Royal Dutch Shell Plc are the major companies operating in the Thailand Lubricants Market. Read More

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

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

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

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

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

In 2023, the Thailand Lubricants Market size was estimated at 772.21 million Liters. The report covers the Thailand Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thailand Lubricants Market size for years: 2024, 2025 and 2026. Read More

Thailand Lubricants Market Size

Statistics for the 2023 & 2024 Thailand Lubricants market size, created by Mordor Intelligence™ Industry Reports. Thailand Lubricants size report includes a market forecast to 2026 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of thailand lubricants Industry

	Study Period	2015 - 2026
	Market Volume (2024)	794.24 Million Liters
	Market Volume (2026)	828.48 Million Liters
	Largest Share by End User	Automotive
	CAGR (2024 - 2026)	2.13 %
	Fastest Growing by End User	Automotive
Major Players

*Disclaimer: Major Players sorted in no particular order

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Thailand Lubricant Market Analysis

The Thailand Lubricants Market size is estimated at 794.24 Million Liters in 2024, and is expected to reach 828.48 Million Liters by 2026, growing at a CAGR of 2.13% during the forecast period (2024-2026).

Largest Segment by End-user Industry - Automotive : Due to the huge volume of engine and gear oils used in motor vehicles compared to any other industrial application, automotive was the largest end user among all categories.
Fastest Segment by End-user Industry - Automotive : Automotive is expected to be the fastest-growing end user segment in Thailand due to the availability of low-cost used cars and the accessibility of credit financing.
Largest Segment by Product Type - Engine Oils : Due to the high volume of engine oil and the high replacement frequency required to lubricate gasoline engines, engine oil is the most consumed product type in Thailand.
Fastest Segment by Product Type - Transmission & Gear Oils : As Thailand expects an increase in the usage of industrial machinery and electric cars, transmission and gear oils are predicted to rise faster than other product types.