The Burmese lubricants market size is estimated to reach 93.73 million liters by the end of this. It is projected to reach 99.98 million liters in the next five years, registering a negative CAGR of 1.3% over the forecast period.
The COVID-19 outbreak led to a nationwide lockdown and the shutdown of manufacturing plants. It reduced the demand for lubricants from various industries, especially automotive. However, the demand substantially improved in 2021 after the restrictions were lifted.
The Burmese lubricants market is consolidated by nature. Some of the major players (in no particular order) in the market include BP PLC, Shell PLC, HP Lubricants, PT Pertamina Lubricants, and CPC Corporation.
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