The Southeast Asia General Industrial Oil market size was valued at US$ 2.34 billion in 2024 and is projected to reach US$ 3.18 billion by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.
General industrial oils are lubricants and functional fluids used in various industrial applications, including machinery lubrication, hydraulic systems, metal working, and heat transfer, essential for maintaining equipment efficiency and longevity.
The Southeast Asia General Industrial Oil market is experiencing steady growth, driven by expanding manufacturing sectors and increasing industrial automation. In 2023, total consumption reached 1.2 million metric tons, with Thailand, Indonesia, and Malaysia accounting for 70% of regional demand. The manufacturing sector dominates with a 55% market share, followed by energy and power generation at 20%. Hydraulic oils represent the largest product segment at 35%. The market benefited from the recovery of industrial production, leading to a 10% rise in demand for high-performance synthetic industrial oils in 2023. Bio-based industrial oils are growing at 12% annually, driven by sustainability initiatives. The trend towards Industry 4.0 resulted in a 20% increase in demand for smart lubrication systems and condition monitoring in 2023. Industrial gear oils with extended drain intervals saw a 15% surge in adoption, particularly in heavy industries.
Report Includes
This report is an essential reference for who looks for detailed information on Southeast Asia General Industrial Oil. The report covers data on Southeast Asia markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Southeast Asia major vendors¡¯ information. In addition to the data part, the report also provides overview of General Industrial Oil, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Southeast Asia General Industrial Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding General Industrial Oil. This report contains market size and forecasts of General Industrial Oil in Southeast Asia, including the following market information:
We surveyed the General Industrial Oil manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
by Country
• Thailand
• Indonesia
• Vietnam
• Malaysia
• Philippines
• Singapore
• Myanmar
by Products type:
• Turbine Oil
• Refrigeration Compressor Oil
• Electrical Oil
• Heat Transfer Oil
• Other
by Application:
• Power
• Chemicals
• Metallurgy & Metal Working
• Food & Beverage
• Automotive
• Other
key players include: (At least 8-10 companies included)
• Petronas Lubricants International
• Shell Eastern Petroleum (Pte) Ltd
• PT Pertamina Lubricants
• ExxonMobil Asia Pacific Pte. Ltd.
• TotalEnergies SE
• Chevron Oronite Pte Ltd
• Idemitsu Lube Asia Pacific Pte Ltd
• Fuchs Lubricants (Asia) Pte Ltd
• Gulf Oil International
• Sinopec Lubricant (Singapore) Pte Ltd
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
• Key companies General Industrial Oil revenues in Southeast Asia market, 2019-2024 (Estimated), ($ millions)
• Key companies General Industrial Oil revenues share in Southeast Asia market, 2023 (%)
• Key companies General Industrial Oil sales in Southeast Asia market, 2019-2024 (Estimated),
• Key companies General Industrial Oil sales share in Southeast Asia market, 2023 (%)
Key Points of this Report:
• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Southeast Asia and country-wise market of General Industrial Oil
• It describes present situation, historical background and future forecast
• Comprehensive data showing General Industrial Oil capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on General Industrial Oil manufacturers
• General Industrial Oil forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.
Table of content
1 Market Overview
1.1 Product Overview and Scope of General Industrial Oil
1.2 Segment by Type
1.2.1 Southeast Asia Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Turbine Oil
1.2.3 Refrigeration Compressor Oil
1.2.4 Electrical Oil
1.2.5 Heat Transfer Oil
1.2.6 Other
1.3 Segment by Application
1.3.1 Southeast Asia Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Power
1.3.3 Chemicals
1.3.4 Metallurgy & Metal Working
1.3.5 Food & Beverage
1.3.6 Automotive
1.3.7 Other
1.4 Southeast Asia Market Growth Prospects
1.4.1 Southeast Asia Revenue Estimates and Forecasts (2019-2030)
1.4.2 Southeast Asia Production Estimates and Forecasts (2019-2030)
2 Southeast Asia Growth Trends
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis &nb
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