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

 Market Research on Lubricants in Vietnam

According to projections, the Vietnam Lubricants Market will grow at a CAGR of 5.26% to 341.78 million litres by 2026 from its 2021 level of 264.48 million litres.


Automotive was the largest end-user segment among all categories due to the enormous volume of lubricants used in motor vehicles compared to any other industrial use.

Power generation is anticipated to experience the fastest end-user industry growth in Vietnam due to the expanding use of wind turbines and natural gas reactors for energy production.

The most popular product category in Vietnam is engine oils, which are used in large quantities and at frequent intervals to lubricate internal combustion engines (ICs).

Hydraulic Fluids: The fastest-growing segment by product type is anticipated to benefit from the anticipated increase in Vietnam's construction, mining, steel, marine, and aviation industries.

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