Thailand Automotive Lubricants Market Size & Share Analysis - Industry Research Report - Growth Trends

 Automotive Lubricants Market Research in Thailand

The Thailand Automotive Lubricants Market, which had a volume of 446.84 million litres in 2018, is anticipated to grow at a CAGR of 3.17% from 2023 to 2028.


Thailand has a sizable active passenger vehicle parc. The largest segment by vehicle type is commercial vehicles. As a result, this sector's lubricant consumption accounts for the largest portion of the global lubricant market.

Passenger vehicles comprise the fastest segment by vehicle type. The Thailand motorcycle industry is expected to experience significant growth over the ensuing years thanks to the country's recovery in motorbike production, usage, and sales beginning in 2021.

Engine oils make up the largest segment by product type. As it is used in high-temperature and high-pressure applications, engine oil has high volume requirements and short drain intervals, making it the leading product type.
Fastest Segment by Product Type - Hydraulic Fluids: During the projected period, Thailand's demand for hydraulic fluids is estimated to be driven by the anticipated recovery of automobile sales and production beginning in 2021.

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