Vietnam Lubricant Market Outlook to 2026F– Driven By Growth in Crude Oil Import and Rising Sales of Motorcycles in the Country

Vietnam Lubricant Market Outlook to 2026F– Driven By Growth in Crude Oil Import and Rising Sales of Motorcycles in the Country

The report “Vietnam Lubricant Market Outlook to 2026F– Driven By Growth in Crude Oil Import and Rising Sales of Motorcycles in the Country” by Ken Research provides a comprehensive analysis of the potential of lubricant Industry in Vietnam. The report also covers overview and genesis of the industry, market size in terms of revenue generated; market segmentation by types of lubricants, by end users, by distribution channel; growth enablers and drivers, challenges and bottlenecks, trends and development in Vietnam Lubricant market; regulatory framework; end user analysis, industry analysis, competitive landscape including competition scenario, strength and weaknesses of major players in the market. The report concludes with future market projections of lubricants segmentation and analyst recommendations.

Detailed Analysis on the Vietnam Lubricant Market:

Vietnam has 50+ Lubricants Manufacturers. At present, the Vietnam Lubricant Market is at growth stage with establishment of many foreign players in the country such as Shell, Total &others. More market players are expected to enter into lubricant industry independently or with collaboration to cater rising demand from end users.

Government policies such as removal in import tax for cars imported from ASEAN region resulted in reduction of new car prices, and increasing car sales, which has further driven the growth of Automotive Lubricant industry post 2018.

The growth of revenue generated by the manufacturers offering lubricant oils to various customers across automotive and industrial sectors has been supported by the boosting economy of the Vietnam especially after pandemic.

Vietnam Lubricants Market Segmentations:

By Types of lubricants:

Automotive lubricant have dominated the market contributing majority of share to the market against the industrial lubricant.

By grade of lubricant:

Mineral oil contributed more to the market contributing majority of share in comparison to semi synthetic and synthetic oil for lubricant as industry mostly prefer mineral for lubrication.

By end use in automotive & industrial lubricant:

Manufacturing industry added major contribution to overall GDP in Vietnam. Lubricants play major application in Metal Production in Vietnam. The growth in the industry is due to sharply rising manufacturing projects & Inflow of steel projects in the country.

By distribution channel in automotive & industrial lubricant:

Most of the lubricants consumed by the industrial sector of the Vietnam have been supplied by the widespread network of authorized and local distributors across various regions of the Vietnam. However, the direct sales of lubricants in Vietnam is expected to grow at a faster rate as companies started focusing on increasing margins and overall profits by reducing middleman.

Competitive Landscape in Vietnam Lubricants Market:

Vietnam lubricant market is moderately consolidated market with Castrol BP as the sole market leader in the market owing to their highest share in lubricant market across Indonesia. Other players in the market includes Shell Vietnam, Petrolimex, Total Vietnam Company Ltd, Mekong Petrochemical JSC, Motul Vietnam JSC, AP Saigon Petro JSC, PTT Lubricants, and more. Companies in lubricant market in Vietnam are competing based product price, brand value and Marketing, Product portfolio and distribution network.

Vietnam Lubricants Market Future Outlook and Projections:

With fluctuations in prices of crude oil, the prices for Automotive as well as Industrial lubricants will increase in the forthcoming years. Increasing sales of vehicles in the country further expected to increase lubricants demand by 2026. In addition, the overall market share of automotive lubricants seems to decline due to fast moving industrial sector in the country mainly manufacturing and construction industry as country is focusing on developing its infrastructure in coming years.

Key Segments Covered

Vietnam Lubricant Market:

By Type of automotive lubricant

Heavy duty diesel engine oil

Motorcycle oil

Passenger vehicle motor oil

Grease

By Type of Industrial Lubricant:

Process oil

Hydraulic oil

Gear oil

Grease

By Type of end use of automotive lubricant:

Commercial vehicles

Motor cycle

Passenger cars

Marine

Aviation

By Type of distribution channel in automotive lubricant:

Dealers and distributers network

OEM workshops and service station

Online retail

By Type of end use of industrial lubricant:

General manufacturing

Metal & mining

Construction

Power generation

By Type of distribution channel in industrial lubricant:

Dealers and distributors

Direct sales

Key Target Audience

Lubricant companies aiming to establish into Vietnam

Vietnam lubricant industries

Government Bodies & Regulating Authorities

Automotive Industry

Industrial industry

Motorcycle company

Lubricant dealer and users

Time Period Captured in the Report:

Historical Year: 2016-2021

Base Year: 2021

Forecast Period: 2021– 2026F

Companies Covered:

Castrol BP Petco Co Ltd

Shell Vietnam

Petrolimex

Total Vietnam Company Ltd

Mekong Petrochemicals JSC

Caltex Lubricants Vietnam Ltd

JX Nippon Oil & Energy Vietnam Co Ltd

AP Saigon Petro JSC

ENSOS Vietnam Co Ltd

Katsum Trading & Service JSC

PTT Lubricants

Key Topics Covered in the Report

Country Overview of Vietnam

Vietnam Trade Analysis

Lubricant Supply and Demand Statistics, 2020

Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries

Vietnam Automotive Industry, 2021

Region wise Cars and motorcycles Registration in Vietnam, 2021

Cross comparison of Southeast Asian Countries on the basis of Number of Motor Vehicles and Sold by Country in 2021

Ecosystem of major Entities in Vietnam Lubricants Market

Business Cycle and Genesis of Vietnam Lubricants Market

Timeline of major Players in Vietnam Lubricants Market

Value Chain Analysis for Vietnam Lubricants Market

Vietnam Automotive & Industrial Lubricants Market Segmentation, 2021

SWOT Analysis for Vietnam Lubricants Market

Porter’s Five Forces Analysis of Vietnam Lubricants Market

Growth Enablers in Vietnam Lubricants Market

Bottlenecks and Challenges in Vietnam Lubricants Market

Trends and Developments in Vietnam Lubricants Market

Vietnam Lubricants Market Regulations

Tax Rates for Lubricants in Vietnam, 2018-2020

End User Analysis of Vietnam Lubricants Market

Pricing Analysis of Automotive and Industrial Lubricants, 2021

Strengths and Weaknesses of the major Industrial & Automotive Lubricant market Players

Cross Comparison of Major Players in Vietnam Lubricants Market

Covid-19 Impact on Vietnam Lubricant Market

Future Outlook and market Size for Vietnam Lubricant Market, 2021-2026F

Future Segmentation for Vietnam Industrial Lubricant Market, 2026F

Future Segmentation for Vietnam Automotive Lubricant Market, 2026F

Market Opportunities and Analyst Recommendations

Analyst Recommendations

Research Methodology

Please Note:It will take 5-7 business days to complete the report upon order confirmation.