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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Passenger Vehicles Lubricants Market Size
The Vietnam passenger vehicles lubricants market is projected to grow at a CAGR of 5.70% between 2024 and 2032.
Vietnam Passenger Vehicles Lubricants Market Outlook
- As per the industry reports, the passenger car sales of the Vietnam Automobile Manufacturers' Association witnessed a growth of 8.6 per cent in May 2024, offering ample growth opportunities for passenger vehicle lubricants.
- As per the data from the Vietnam Automotive Manufacturers Association (VAMA), the total vehicle sales in the country witnessed a growth of 2 per cent in April 2024 compared to the previous year, which increases the demand for lubricants.
- As per Vietnam passenger vehicles lubricants industry analysis, the demand for synthetic engine oils is growing in Vietnam as they cause minimal environmental impact compared to conventional engine oils and can enhance engine lifespan.
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)
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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