Philippines Passenger Vehicles Lubricants Market Size & Share
Analysis of the Philippines's Passenger Vehicle Lubricants Market
The market for passenger vehicle lubricants in the Philippines was 9.68 million litres in 2021, and it is anticipated that it would grow at a CAGR of 3.97% to 11.76 million litres by 2026.
Engine oils make up the largest segment by product type. Because they are utilised in high-temperature and high-pressure applications, they have high volume needs and short drain intervals.
Fastest Segment by Product Type - Transmission & Gear Oils: The sector's need for transmission oils may increase as automated transmission usage rises and the market for electric vehicles gradually expands.
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