Thailand Lubricant Market Growth, Trends, Size, Revenue, Demand, Share and Future Outlook
Thailand Lubricant Market Size- By Product Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: CHEM2389 | Pages: 1 - 105 | Formats*: |
| Category : Chemical & Materials | |||
Thailand Lubricant Market Introduction and Overview
According to SPER Market Research, the Thailand Lubricant Market is estimated to reach USD 1.08 billion by 2033 with a CAGR of 3.06%.
The report includes an in-depth analysis of the Thailand Lubricant Market, including market size and trends, product mix, distribution channels, and supplier analysis.In many mechanical systems, lubricants are vital compounds that are needed for lowering friction between moving parts. They can be found in a variety of forms, including oils, greases, and solid lubricants, and are made to reduce heat generation and wear to prolong the lifespan of machinery and equipment. Lubricants enable frictionless motion by creating a shielding film or layer between surfaces. This shielding layer prevents metal-to-metal contact, which can result in wear and wasteful energy use.
- May 2022: TotalEnergies and NEXUS Automotive extend their five-year strategic partnership. TotalEnergies Lubricants will increase its market share in the rapidly growing N! community as a result of this cooperation, which will see sales jump from EUR 7.2 billion in 2015 to roughly EUR 35 billion by the end of 2021.
- ExxonMobil Corporation was divided into three business segments on April 1 of that year: ExxonMobil Upstream Company, ExxonMobil Product Solutions, and ExxonMobil Low Carbon Solutions.
Market Opportunities and Challenges
Thailand's lubricant sector offers a variety of opportunities and difficulties. The lubricant market in Thailand is huge and expanding, providing firms with exciting potential. The need for lubricants is being driven by the nation's quickly growing manufacturing and automotive industries because these products are essential for the efficient operation of equipment and automobiles. Thailand is also a good market for lubricant makers and distributors wishing to tap into the larger Southeast Asian market due to its advantageous location as a regional trade hub. A further factor supporting the use of high-performance and environmentally friendly lubricants is growing awareness of the significance of maintenance and sustainability measures.
However, the Thai lubricant business faces a number of challenges. The presence of well-established international competitors in the business is a big impediment. Because these enterprises have significant brand awareness and distribution networks, new entrants may find it difficult to win market share. Furthermore, due to the competitive nature of the market, pricing pressures might be significant. Regulatory compliance and environmental standards are changing, necessitating lubricant makers to engage in R&D to satisfy these shifting demands.
Market Competitive Landscape
Thailand's lubricants market is fairly consolidated, with the top five businesses controlling 71.56% of the market. Bangchak Corporation, Chevron Corporation, ExxonMobil Corporation, PTT Lubricants, and Royal Dutch Shell Plc are the leading participants in this market (in alphabetical order).
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By End User |
| Regions covered | Eastern, Central, Northern, Northwest, Midwest, and Southwest Saudi Arabia |
| Companies Covered | Bangchak Corporation, BP PLC (Castrol), Chevron Corporation, ExxonMobil Corporation, PTG Energy Public Company Limited, PTT Lubricants, Royal Dutch Shell Plc, Siam Pan Group Public Co. Ltd, Thai Petroleum & Trading Co. Ltd. |
COVID-19 Impact on Thailand Lubricant Market
The COVID-19 epidemic had a huge impact on Thailand's lubricant business, as it did on many industries throughout the world. One of the immediate consequences was a dramatic drop in lubricant demand, owing mostly to lockouts, lower economic activity, and interruptions in the automotive and manufacturing sectors. These limits reduced vehicle usage, caused plant shutdowns, and slowed building activity, resulting in a decline in the need for lubricants.
The pandemic, on the other hand, highlighted the necessity of maintenance and equipment reliability, resulting in a shift in attention toward critical businesses such as healthcare, logistics, and e-commerce.
Key Target Audience:
- Automotive Industry
- Manufacturing Sector
- Transportation and Logistics
- Construction Industry
- Agriculture
- Aviation and Aerospace
- Marine Sector
- Mining and Energy
- Government and Military
- Industrial Maintenance and Service Providers
Our in-depth analysis of the Thailand Lubricant Market includes the following segments:
| By Product Type: |
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| By End User: |
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Key Topics Covered in the Report:
- Thailand Lubricant Market Size (FY’2023-FY’2033)
- Overview of Thailand Lubricant Market
- Segmentation of Thailand Lubricant Market By Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission, Gear Oils, Others)
- Segmentation of Thailand Lubricant Market By End User (Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation)
- Statistical Snap of Thailand Lubricant Market
- Expansion Analysis of Thailand Lubricant Market
- Problems and Obstacles in Thailand Lubricant Market
- Competitive Landscape in the Thailand Lubricant Market
- Impact of COVID-19 and Demonetization on Thailand Lubricant Market
- Details on Current Investment in Thailand Lubricant Market
- Competitive Analysis of Thailand Lubricant Market
- Prominent Players in the Thailand Lubricant Market
- SWOT Analysis of Thailand Lubricant Market
- Thailand Lubricant Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Thailand Lubricant Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Thailand Lubricant Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Thailand Lubricant Market
7. Thailand Lubricant Market, By Product Type (USD Million)
7.1. Thailand Lubricant Market Value Share and Forecast, By Product Type, 2023-20337.2. Engine Oils7.3. Greases7.4. Hydraulic Fluids7.5. Metalworking Fluids7.6. Transmission7.7. Gear Oils7.8. Others
8. Thailand Lubricant Market , By End User (USD Million)
8.1. Thailand Lubricant Market Value Share and Forecast, By End User, 2023-20338.2. Automotive8.3. Heavy Equipment8.4. Metallurgy & Metalworking8.5. Power Generation
9. Thailand Lubricant Market Forecast, 2019-2033 (USD Million)
9.1. Thailand Lubricant Market Size and Market Share
10. Thailand Lubricant Market, By Product Type, 2019-2033 (USD Million)
10.1. Thailand Lubricant Market Size and Market Share By Product Type (2019-2026)10.2. Thailand Lubricant Market Size and Market Share By Product Type (2027-2033)
11. Thailand Lubricant Market, By End User, 2019-2033 (USD Million)
11.1. Thailand Lubricant Market Size and Market Share By End User (2019-2026)11.2. Thailand Lubricant Market Size and Market Share By End User (2027-2033)
12. Thailand Lubricant Market, By Region, 2019-2033 (USD Million)
12.1. Thailand Lubricant Market Size and Market Share By Region (2019-2026)12.2. Thailand Lubricant Market Size and Market Share By Region (2027-2033)12.3. Eastern Region12.4. Southern Region12.5. Western Region12.6. Norther Region
13. Company Profile
13.1. Bangchak Corporation13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. BP PLC (Castrol)13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Chevron Corporation13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. ExxonMobil Corporation13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. PTG Energy Public Company Limited13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. PTT Lubricants13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Royal Dutch Shell Plc13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Siam Pan Group Public Co. Ltd13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Thai Petroleum & Trading Co. Ltd13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Thailand Lubricant Market is projected to reach USD 1.08 billion by 2033, growing at a CAGR of 3.06% during the forecast period.
Thailand Lubricant Market grew in market size from 2023. The Market is expected to reach USD 1.08 billion by 2033, at a CAGR of 3.06% during the forecast period.
Thailand Lubricant Market CAGR of 3.06% during the forecast period.
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Thailand Lubricant Market size is USD 1.08 billion from 2023 to 2033.
Thailand Lubricant Market Segment is Covered By Product Type, By End User
The Asia-Pacific region is anticipated to have the highest market share in Thailand Lubricant Market.
The key players in the market include Companies Covered Bangchak Corporation, BP PLC (Castrol), Chevron Corporation, ExxonMobil Corporation, PTG Energy Public Company Limited, PTT Lubricants, Royal Dutch Shell Plc, Siam Pan Group Public Co. Ltd, Thai Petroleum & Trading Co. Ltd.
Thailand Lubricant Market, including market size and trends, product mix, distribution channels, and supplier analysis.In many mechanical systems, lubricants are vital compounds that are needed for lowering friction between moving parts.
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