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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Passenger Vehicles Lubricants Market Share
Based on product type, the market is divided into engine oils, greases, hydraulic fluids, and transmission and gear oils. Engine oils occupy a significant market share due to their rising demand for the lubrication of ICEs in automobiles. The favourable properties of engine oils such as heat resistance, wear protection, and superior viscosity make them appropriate for maintaining the mechanical parts of vehicles. The demand for grease is also anticipated to rise due to its rising usage in industrial parts such as bearings and conveyors.
Vietnam Passenger Vehicles Lubricants Market Report Snapshots
Vietnam Passenger Vehicles Lubricants Market Size
Vietnam Passenger Vehicles Lubricants Market Growth
Vietnam Passenger Vehicles Lubricants Market Share
Vietnam Passenger Vehicles Lubricants Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.70% between 2024 and 2032.
The market is being driven due to growing production of passenger vehicles, a shift in the Vietnamese consumer preference towards eco-efficient lubricants, and rising demand for high-performance lubricants.
The key trends aiding the market include the burgeoning popularity of bio-based lubricants, the growth of lubricants with extended drain intervals, and the surge in EV lubricants.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on product type, market segmentations include engine oils, greases, hydraulic fluids, and transmission and gear oils.
The major players in the market are Shell Plc, TotalEnergies SE, Idemitsu Kosan Co., Ltd., Motul S.A., Chevron Corp., BP Plc, Petrolimex Petrochemical Corporation, Eneos Holdings Inc., AP SAIGON PETRO, and MEKONG PETROCHEMICAL JSC, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124