Philippines Lubricants Market Outlook to 2026F
Driven by Growth in Crude Oil Import and Rising Sales of Commercial Vehicles in the Country
December 2022
104
About the Report
About the Report
The report provides a comprehensive analysis of the Philippines Lubricants Market. The report also covers overview and genesis of the industry, market size in terms of sales volume; market segmentation by type, by grade, by end use, by distribution; growth enablers and drivers, trends and developments challenges and bottlenecks; regulatory framework; end user analysis; competitive landscape including competition scenario, market shares of major players on the basis of revenue generated. The report concludes with future market projections of each product segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Philippines Lubricants market is growing at a steady rate with a CAGR at 9.4% owing to the country’s high oil imports. Strong delivery network accompanied by authorized distributors to reach out to customers through both online and offline modes led to an increase in the overall sales of lubricants in the Philippines.
- Up-scaling Manufacturing Industry, Escalating Construction, Automotive and Marine Industries are major growth drivers for Philippines Lubricants Market
- Bio-lubricants and lubricants with reduced fuel consumption are the major trends among end users in Philippines Lubricants Market.
Key Trends by Market Segment:
By Type of Lubricant: The boosting sales of automobiles in the country have significantly led to the increased consumption of automotive lubricants than industrial lubricants. The increased sales were also supported by the continuous improvement in the refining process of the existing players and the upgradation of refineries by the lubricants giants operating in the country.
By Distribution Channel: Most of the lubricants consumed by the industrial sector of the Philippines have been supplied by the widespread network of authorized and local distributors across various regions of the Philippines. Distributors might be dealing in a particular brand or can have multiple brands of lubricants that are used for industrial purposes. Distributers are in direct contact with the company, thus creating the trust among the customers to buy genuine products from them.
Competitive Landscape
Philippines Lubricants market is moderately fragmented market with Petron Corporation and Filipinas Shell Petroleum Corporation as the top players in the market owing to their major contribution to the Philippines Lubricants market’s revenue. Other players in the market includes Caltex (Chevron Philippines), Phoenix Petroleum Philippines, Inc., SEAOIL Philippines Inc., Unioil Petroleum Philippines Inc., and more.
Future Outlook:
Philippines Lubricants market is set to grow at a CAGR of 14.4% in terms of revenue generation, over the period 2021-2026F. The market is expected to witness an increase in the consumption of lubricants due to rapid growth in industrialization and infrastructural developments, rising private and government investments; cost effective manufacturing operations in Philippines.
Scope Of The Report
Scope of the Report
|
Philippines Lubricants Market Segmentations by Volume (Mn Lts) |
|
|
By Type of Lubricant |
|
|
By Grade of Lubricant |
|
|
Philippines Industrial Lubricants Market Segmentations by Volume (Mn Lts) |
|
|
By Type of Industrial Lubricant |
|
|
By End Use of Industrial Lubricant |
|
|
By Distribution Channel |
|
|
Philippines Automotive Lubricants Market Segmentations by Volume (Mn Lts) |
|
|
By Type of Automotive Lubricants |
|
|
By End Use of Automotive Lubricant |
|
|
By Distribution Channel |
|
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Lubricants Manufacturers
- Lubricants Distributors
- Base-oil Companies
- Additive Companies
- Refining Companies
- Construction and Mining Industry
- General Manufacturing Industry
- Metal Production Industry
- Power Generation Industry
- Food Processing Industry
- Agriculture Industry
- Medical Industry
- Automotive OEMs
- Automotive Dealerships
- Government Agencies
- Consulting and Advisory Firms
Time Period Captured in the Report
- Historical Period: 2016-2021
- Base Period: 2021
- Forecast Period: 2022-2026F
Companies
Major Players Mentioned in the Report
Lubricants Manufacturers
- Petron Corporation
- Filipinas Shell Petroleum Corporation
- Caltex (Chevron Philippines)
- Phoenix Petroleum Philippines, Inc.
- SEAOIL Philippines Inc.
- Unioil Petroleum Philippines Inc.
- Liquigaz Philippines Corporation
- Castrol Philippines Inc.
- Total Energies Philippines
Table of Contents
Table of Contents
1. Executive Summary
1.1. Executive Summary for Philippines Lubricants Market, CY’2016-CY’2026F
2. Country Overview of Philippines
2.1. Country Demographics, 2021
2.2. Population Analysis, 2021
3. Philippines Industrial and Automotive Overview
3.1. Philippines Trade Analysis
3.2. Lubricants Supply and Demand Statistics, 2020
3.3. Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries
3.4. Philippines Automotive Industry, 2021
3.5. Region wise Cars and motorcycles Registration in Philippines, 2021
3.6. Cross comparison of Southeast Asian Countries on the basis of Number of Motor Vehicles and Sold by Country in 2021
3.7. Cross comparison of Southeast Asian Countries on the basis of Number of Motorcycles and Scooter and Sold by Country in 2021
4. Philippines Lubricants Market Overview
4.1. Ecosystem of major Entities in Philippines Lubricants Market
4.2. Business Cycle and Genesis of Philippines Lubricants Market
4.3. Timeline of major Players in Philippines Lubricants Market
4.4. Value Chain Analysis for Philippines Lubricants Market
4.5. Market Sizing Analysis of Philippines Lubricants Market, CY’2016-CY’2021
4.6. Market Segmentation for Philippines Lubricants Market, CY’2016-CY’2021
5. Philippines Industrial Lubricants Market Segmentation, CY’2021
5.1. By Type of Industrial Lubricants on the basis of Sales and Volume, CY’2021
5.2. By End Use of Industrial Lubricants on the basis of Sales and Volume, CY’2021
5.3. By Distribution Channel of Industrial Lubricants on the basis of Sales and Volume, CY’2021
6. Philippines Automotive Lubricants Market Segmentation, CY’2021
6.1. By Type of Automotive Lubricants on the basis of Sales and Volume, CY’2021
6.2. By End Use of Automotive Lubricants on the basis of Sales and Volume, CY’2021
6.3. By Distribution Channel of Automotive Lubricants on the basis of Sales and Volume, CY’2021
7. Industry Analysis of Philippines Lubricants Market
7.1. SWOT Analysis for Philippines Lubricants Market
7.2. Porter’s Five Forces Analysis of Philippines Lubricants Market
7.3. Growth Enablers in Philippines Lubricants Market
7.4. Bottlenecks and Challenges in Philippines Lubricants Market
7.5. Trends and Developments in Philippines Lubricants Market
7.6. Philippines Lubricants Market Regulations
7.7. Tax Rates for Lubricants in Philippines, 2018-2020
8. End User Analysis of Philippines Lubricants Market
8.1. End Users Pain Points in Philippines Lubricants Market
8.2. Vendor Evaluation and Selection process in Philippines Lubricants Market
8.3. Factors Affecting Vendor Selection Process
8.4. Decision Making Parameters of Automotive Lubricant End-Users in Philippines Lubricants Market
8.5. Decision Making Parameters of Industrial Lubricant End-Users in Philippines Lubricants Market
8.6. Snapshot of Workshops in Industrial and Automotive Lubricant Sector across Philippines
9. Competitive Framework of Philippines Lubricants Market
9.1. Competitive Landscape
9.2. Market Share of Major Manufacturers in Philippines Lubricants Market, 2021
9.3. Average Price By Segmentation of Major Industrial and Automotive Lubricants Manufacturers, 2019
10. Competition Framework for Philippines Industrial Lubricants Market
10.1. Strengths and Weaknesses of the major Industrial Lubricant market Players
10.2. Cross Comparison of Major Players in Philippines Lubricants Market
10.3. Petron Corporation Product Portfolio in Philippines Lubricant Market
10.4. Filipinas Shell Product Portfolio in Philippines Lubricant Market
10.5. Caltex (Chevron) Philippine Inc. Product Portfolio in Philippines Lubricant Market
10.6. Unioil Petroleum Philippines Inc. Product Portfolio in Philippines Industrial Lubricants Market
10.7. Company-Wise Sales Analysis of major Players in Philippines Industrial Lubricant Market, 2021
11. Competition Framework for Philippines Automotive Lubricants Market
11.1. Strengths and Weaknesses of the major Industrial Lubricant market Players
11.2. Cross Comparison of Major Players in Philippines Lubricants Market
11.3. Petron Corporation product Portfolio in Philippines Automotive Lubricant Market
11.4. Filipinas Shell Product Portfolio in Philippines Automotive Lubricants Market
11.5. Castrol Philippines Inc. Product Portfolio in Philippines Automotive Lubricants Market
11.6. Caltex (Chevron) Philippines Inc Product Portfolio in Philippines Automotive Lubricants Market
11.7. ExxonMobil Philippines Inc., Product Portfolio in Philippines Automotive Lubricants Market
11.8. Total Philippines Company Product Portfolio in Philippines Automotive Lubricants Market
11.9. Company-Wise Sales Analysis of Major Automotive Lubricant Manufacturers, 2021
12. Outlook Covid-19 Impact on Philippines Lubricant Market
12.1. Impact of Covid-19 on Philippines Lubricant Market
12.2. Key elements of the Recovery Phase for Companies from Pandemic
13. Outlook and market Size for Philippines Lubricant Market, CY’2021-CY’2026F
13.1. Future Market Sizing analysis of Philippines Lubricant Market, CY’2021-CY’2026F
13.2. Future Market Segmentation for Philippines Lubricant Market, CY’2021-CY’2026F
14. Future Segmentation for Philippines Industrial Lubricant Market, CY’2026F
14.1. By Type of Industrial Lubricants on the Basis of Sales volume, CY’2026F
14.2. By End Use of Industrial Lubricants on the Basis of Sales volume, CY’2026F
14.3. By Distribution Channel in Industrial Lubricants on the Basis of Sales Volume, CY’2026
15. Future Segmentation for Philippines Automotive Lubricant Market, CY’2026F
15.1. By Type of Automotive Lubricants on the Basis of Sales volume, CY’2026F
15.2. By End Use of Automotive Lubricants on the Basis of Sales volume, CY’2026F
15.3. By Distribution Channel in Automotive Lubricants on the Basis of Sales Volume, CY’2026
16. Market Opportunity and Analyst Recommendations
16.1. Companies Looking to capture value growth can Pull several levers
16.2. Marketing and Sales Channel Strategies for Automotive and Industrial Lubricant Providers
17. Research Methodology
17.1. Market Definitions and Assumptions
17.2. Abbreviations used
17.3. Market Sizing Approach
17.4. Consolidated Research Approach
17.5. Sample size limitations and Future Conclusion
17.6. Correlation Matrix
17.7. Limitations and Future Conclusion
Disclaimer
Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building: Collating statistics about lubricants over the years, penetration of distribution channels and end user demand etc. We will also review statistics to understand total sales by volume in the lubricants industry which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing: Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output: Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from industry lubricant providers.
Frequently Asked Questions
Frequently Asked Questions
What is the Study Period of this Market Report?
The Philippines Lubricants Market is covered from 2016–2026 in this report, including a forecast for 2022-2026.
What is the Future Growth Rate of the Philippines Automotive Lubricants Market?
The Market is expected to witness a CAGR of ~14% over the forecasted years.
What are the Key Factors Driving the Philippines Automotive Lubricants Market?
Growth in Crude Oil Import and Rising Sales of Commercial Vehicles in the Country.
Which is the largest distribution channel within the Philippines Lubricants Market?
The distributor network held the largest share of the lubricants market in 2021.
Who are the Key Players in the Philippines Lubricants Market?
Petron Corporation and Filipinas Shell Petroleum Corporation are the top Players.
Why Buy From US?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.