Growth of Industrial and manufacturing sector, rise in on road presence of Motorcycle & Heavy-Duty Vehicles is driving the demand of Lubricants in Vietnam: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Driven by growth in crude oil import and rising sales of motorcycles in the country, the Vietnam Lubricant market thereby have ample growth opportunities with its increase in revenue share among other countries. Vietnam Lubricant Market Overview: The boosting economy of Vietnam has been supported by the growth of revenue generated by the manufacturers offering lubricant oils to various customers across automotive and industrial sectors. The increase in sales of automobiles in the country have significantly led to increased consumption of automotive lubricants than industrial lubricants. Mineral dominating the lubricants market as of 2021 whereas, Semi-Synthetic and Synthetic grades are expected to increase faster than mineral as increasing prominence among consumers for superior quality and increasing lubricant quality standard awareness among consumers. To learn more about this report download a Free Sample Report Growth drivers for lubricant market in Vietnam: Due to growth in the industrial sector especially after the covid-19, rising of motorcycles sales with spending to purchase more and more vehicles and increase in the sales of heavy duty vehicles are driving the demand of lubricants in Vietnam. At present, the Vietnam Lubricant Market is at growth stage with establishment of many foreign players in the country such as Shell, Total others. Government regulations in Lubricant Market: Vietnam’s government is grappling with enforcement of its national lubes standard. Vietnam’s implementation of a mandatory national lubricant standard last December may reduce the availability of low quality recycled lubricant, but overall lubricant quality in market is expected to remain unchanged. Since the implementation of association of south East Asian nations with zero imports tariffs for product originating from Asian countries this year Vietnam automotive market has declined. Issues and Challenges in Vietnam Lubricant Industry: The ever-changing prices of oil and high fluctuation of oil, the increase dependency of imports for oil products in Vietnamese market and the intense competition from the foreign players in the domestic market has increased the challenges of lubricant market industry in Vietnam. Limited numbers of oil refineries in the country hinders the growth of market players. Analysts at Ken Research in their latest publication “Vietnam Lubricant Market Outlook to 2026F-Driven by Growth in Crude Oil Import and Rising Sales of Motorcycles in the Country” by Ken Research observed the potential of Lubricant Market Outlook in Vietnam. The rise in industrial sector, along with increase in motorcycle sales and also increase in heavy duty vehicles, implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecast period. The Vietnam Lubricant Market is expected to grow at ~% CAGR over the forecasted period 2021-2026F. Key Segments Covered: – Vietnam Lubricant Market: By Type of automotive lubricant Heavy duty diesel engine oil Motorcycle oil Passenger vehicle motor oil Grease By Type of Industrial Lubricant: Process oil Hydraulic oil Gear oil Grease By Type of end use of automotive lubricant: Commercial vehicles Motor cycle Passenger cars Marine Aviation By Type of distribution channel in automotive lubricant: Dealers and distributers network OEM workshops and service station Online retail By Type of end use of industrial lubricant: General manufacturing Metal & mining Construction Power generation By Type of distribution channel in industrial lubricant: Dealers and distributors Direct sales Request for Sample Report: – https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDIz Key Target Audience Lubricant companies aiming to establish into Vietnam Vietnam lubricant industries Government Bodies & Regulating Authorities Automotive Industry Industrial industry Motorcycle company Lubricant dealer and users Time Period Captured in the Report: Historical Year: 2016-2021 Base Year: 2021 Forecast Period: 2021– 2026F Companies Covered: Castrol BP Petco Co Ltd Shell Vietnam Petrolimex Total Vietnam Company Ltd Mekong Petrochemicals JSC Caltex Lubricants Vietnam Ltd JX Nippon Oil & Energy Vietnam Co Ltd AP Saigon Petro JSC ENSOS Vietnam Co Ltd Katsum Trading & Service JSC PTT Lubricants Key Topics Covered in the Report Country Overview of Vietnam Vietnam Trade Analysis Lubricants Supply and Demand Statistics, 2020 Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries Vietnam Automotive Industry, 2021 Region wise Cars and motorcycles Registration in Vietnam, 2021 Cross comparison of Southeast Asian Countries on the basis of Number of Motor Vehicles and Sold by Country in 2021 Ecosystem of major Entities in Vietnam Lubricants Market Business Cycle and Genesis of Vietnam Lubricants Market Timeline of major Players in Vietnam Lubricants Market Value Chain Analysis for Vietnam Lubricants Market Vietnam Automotive & Industrial Lubricants Market Segmentation, 2021 SWOT Analysis for Vietnam Lubricants Market Porter’s Five Forces Analysis of Vietnam Lubricants Market Growth Enablers in Vietnam Lubricants Market Bottlenecks and Challenges in Vietnam Lubricants Market Trends and Developments in Vietnam Lubricants Market Vietnam Lubricants Market Regulations Tax Rates for Lubricants in Vietnam, 2018-2020 End User Analysis of Vietnam Lubricants Market Pricing Analysis of Automotive and Industrial Lubricants, 2021 Strengths and Weaknesses of the major Industrial & Automotive Lubricant market Players Cross Comparison of Major Players in Vietnam Lubricants Market Covid-19 Impact on Vietnam Lubricant Market Future Outlook and market Size for Vietnam Lubricant Market, 2021-2026F Future Segmentation for Vietnam Industrial Lubricant Market, 2026F Future Segmentation for Vietnam Automotive Lubricant Market, 2026F Market Opportunities and Analyst Recommendations Analyst Recommendations Research Methodology For More Information on the research report, refer to below link: – Vietnam Lubricant Market Outlook to 2026 Related Reports by Ken Research: – Malaysia Automotive Lubricant Market Outlook to 2025 Brazil Lubricants Market Outlook to 2025 Saudi Arabia Lubricants Market Outlook to 2023 Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Follow Us LinkedIn | Instagram | Facebook | Twitter Tags: Automotive Lubricant industry Vietnam, Castrol BP Petco Vietnam Automotive Lubricant Market, Challenges in Vietnam Lubricants Market, Competitors in Vietnam Lubricant Industry, Demand and Supply of Lubricants in Vietnam, Demand of Lubricant in Vietnam, Direct sales of lubricants in Vietnam, Emerging Companies in Vietnam Lubricant Market, ENSOS Vietnam Lubricants Market Growth, foreign players in Vietnam Lubricant Sectors, Industrial Lubricants in Vietnam, investment in Lubricants 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