Market Size of Thailand 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) | 3.55 % |
| Market Concentration | High |
Thailand Passenger Vehicles Lubricants Market Analysis
The Thailand Passenger Vehicles Lubricants Market size is estimated at 61.55 Million Liters in 2024, and is expected to reach 66 Million Liters by 2026, growing at a CAGR of 3.55% 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 for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of passenger vehicle sales and production in Thailand from 2021 is expected to drive the demand for transmission oils during the forecast period.
