How big is the Vietnam Lubricants Market?

The Vietnam Lubricants Market size is expected to reach 308.23 million Liters in 2024 and grow at a CAGR of 5.30% to reach 341.78 million Liters by 2026. Read More

What is the current Vietnam Lubricants Market size?

In 2024, the Vietnam Lubricants Market size is expected to reach 308.23 million Liters. Read More

Who are the key players in Vietnam Lubricants Market?

BP Plc (Castrol), MEKONG PETROCHEMICAL JSC, Petrolimex (PLX), Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Vietnam Lubricants Market. Read More

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

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

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

In 2024, the Power Generation segment accounts for the fastest growing by end user in the Vietnam Lubricants Market. Read More

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

In 2023, the Vietnam Lubricants Market size was estimated at 292.77 million Liters. The report covers the Vietnam Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Lubricants Market size for years: 2024, 2025 and 2026. Read More

Vietnam Lubricants Market Size

Statistics for the 2023 & 2024 Vietnam Lubricants market size, created by Mordor Intelligence™ Industry Reports. Vietnam 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 vietnam lubricants Industry

	Study Period	2015 - 2026
	Market Volume (2024)	308.23 Million Liters
	Market Volume (2026)	341.78 Million Liters
	Largest Share by End User	Automotive
	CAGR (2024 - 2026)	5.30 %
	Fastest Growing by End User	Power Generation
Major Players

*Disclaimer: Major Players sorted in no particular order

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Vietnam Lubricants Market Analysis

The Vietnam Lubricants Market size is estimated at 308.23 Million Liters in 2024, and is expected to reach 341.78 Million Liters by 2026, growing at a CAGR of 5.30% during the forecast period (2024-2026).

Largest Segment by End-user Industry - Automotive : Due to the huge volume of lubricants 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 - Power Generation : Due to the increasing use of natural gas reactors and wind turbines for energy generation, power generation is projected to be the fastest-growing end user in Vietnam.
Largest Segment by Product Type - Engine Oils : Engine oil is the most consumed product type in Vietnam due to the high volumes of engine oil with high replacement frequencies required to lubricate IC engines.
Fastest Segment by Product Type - Hydraulic Fluids : The expected growth in the construction, mining, steel, marine, and aviation sectors is expected to support the hydraulic fluid consumption in the coming years in Vietnam.