Vietnam Lubricant Market Outlook to 2026F
Driven By Growth in Crude Oil Import and Rising Sales of Motorcycles in the Country

About the Report

About the Report

The report “Vietnam Lubricant Market Outlook to 2026F– Driven By Growth in Crude Oil Import and Rising Sales of Motorcycles in the Country by Ken Research provides a comprehensive analysis of the potential of lubricant Industry in Vietnam. The report also covers overview and genesis of the industry, market size in terms of revenue generated; market segmentation by types of lubricants, by end users, by distribution channel; growth enablers and drivers, challenges and bottlenecks, trends and development in Vietnam Lubricant market; regulatory framework; end user analysis, industry analysis, competitive landscape including competition scenario, strength and weaknesses of major players in the market. The report concludes with future market projections of lubricants segmentation and analyst recommendations.


Detailed Analysis on the Vietnam Lubricant Market:

Vietnam has 50+ Lubricants Manufacturers. At present, the Vietnam Lubricant Market is at growth stage with establishment of many foreign players in the country such as Shell, Total &others. More market players are expected to enter into lubricant industry independently or with collaboration to cater rising demand from end users.

Government policies such as removal in import tax for cars imported from ASEAN region resulted in reduction of new car prices, and increasing car sales, which has further driven the growth of Automotive Lubricant industry post 2018.

The growth of revenue generated by the manufacturers offering lubricant oils to various customers across automotive and industrial sectors has been supported by the boosting economy of the Vietnam especially after pandemic. 

Vietnam Lubricants Market Segmentations:

  • By Types of lubricants:

Automotive lubricant have dominated the market contributing majority of share to the market against the industrial lubricant.

  • By grade of lubricant:

Mineral oil contributed more to the market contributing majority of share in comparison to semi synthetic and synthetic oil for lubricant as industry mostly prefer mineral for lubrication.

  • By end use in automotive & industrial lubricant:

Manufacturing industry added major contribution to overall GDP in Vietnam. Lubricants play major application in Metal Production in Vietnam. The growth in the industry is due to sharply rising manufacturing projects & Inflow of steel projects in the country.

  • By distribution channel in automotive & industrial lubricant:

Most of the lubricants consumed by the industrial sector of the Vietnam have been supplied by the widespread network of authorized and local distributors across various regions of the Vietnam. However, the direct sales of lubricants in Vietnam is expected to grow at a faster rate as companies started focusing on increasing margins and overall profits by reducing middleman.

Competitive Landscape in Vietnam Lubricants Market:

Vietnam lubricant market is moderately consolidated market with Castrol BP as the sole market leader in the market owing to their highest share in lubricant market across Vietnam. Other players in the market includes Shell Vietnam, Petrolimex, Total Vietnam Company Ltd, Mekong Petrochemical JSC, Motul Vietnam JSC, AP Saigon Petro JSC, PTT Lubricants, and more. Companies in lubricant market in Vietnam are competing based product price, brand value and Marketing, Product portfolio and distribution network. 

Vietnam Lubricants Market Future Outlook and Projections:

With fluctuations in prices of crude oil, the prices for Automotive as well as Industrial lubricants will increase in the forthcoming years. Increasing sales of vehicles in the country further expected to increase lubricants demand by 2026. In addition, the overall market share of automotive lubricants seems to decline due to fast moving industrial sector in the country mainly manufacturing and construction industry as country is focusing on developing its infrastructure in coming years.

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

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
  • Lubricant 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

Products

Products

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

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

 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

Table of Contents

Table of Contents

1. Executive Summary

1.1 Executive Summary for Vietnam Lubricants Market, 2016-2026F

2. Country Overview of Vietnam

2.1 Country Demographics, 2021

2.2 Population Analysis, 2021

3. Vietnam Industrial and Automotive Overview

3.1 Vietnam Trade Analysis

3.2 Lubricants Supply and Demand Statistics, 2020

3.3 Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries

3.4 Vietnam Automotive Industry, 2021

3.5 Region wise Cars and motorcycles Registration in Vietnam, 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. Vietnam Lubricants Market Overview

4.1 Ecosystem of major Entities in Vietnam Lubricants Market

4.2 Business Cycle and Genesis of Vietnam Lubricants Market

4.3 Timeline of major Players in Vietnam Lubricants Market

4.4 Value Chain Analysis for Vietnam Lubricants Market

4.5 Market Sizing Analysis of Vietnam Lubricants Market, 2016-2021

4.6 Market Segmentation for Vietnam Lubricants Market, 2016-2021

5. Vietnam Industrial Lubricants Market Segmentation, 2021

5.1 By Type of Industrial Lubricants on the basis of Sales and Volume, 2021

5.2 By End Use of Industrial Lubricants on the basis of Sales and Volume, 2021

5.3 By Distribution Channel of Industrial Lubricants on the basis of Sales and Volume, 2021

6. Vietnam Automotive Lubricants Market Segmentation, 2021

6.1 By Type of Automotive Lubricants on the basis of Sales and Volume, 2021

6.2 By End Use of Automotive Lubricants on the basis of Sales and Volume, 2021

6.3 By Distribution Channel of Automotive Lubricants on the basis of Sales and Volume, 2021

7. Industry Analysis of Vietnam Lubricants Market

7.1 SWOT Analysis for Vietnam Lubricants Market

7.2 Porter’s Five Forces Analysis of Vietnam Lubricants Market

7.3 Growth Enablers in Vietnam Lubricants Market

7.4 Bottlenecks and Challenges in Vietnam Lubricants Market

7.5 Trends and Developments in Vietnam Lubricants Market

7.6 Vietnam Lubricants Market Regulations

7.7 Tax Rates for Lubricants in Vietnam, 2018-2020

8. End User Analysis of Vietnam Lubricants Market

8.1 End Users Pain Points in Vietnam Lubricants Market

8.2 Vendor Evaluation and Selection process in Vietnam Lubricants Market

8.3 Factors Affecting Vendor Selection Process

8.4 Decision Making Parameters of Automotive Lubricant End-Users in Vietnam Lubricants Market

8.5 Decision Making Parameters of Industrial Lubricant End-Users in Vietnam Lubricants Market

8.6 Snapshot of Workshops in Industrial and Automotive Lubricant Sector across Vietnam

9. Pricing Analysis of Automotive and Industrial Lubricants, 2021

9.1 Average Pricing of Automotive Lubricants By Grade, 2021

9.2 Average Pricing of Industrial Lubricants By Type, 2021

10. Competitive Framework of Vietnam Lubricants Market

10.1 Competitive Landscape

10.2 Market Share of Major Manufacturers in Vietnam Lubricants Market, 2021

10.3 Average Price By Segmentation of Major Industrial and Automotive Lubricants Manufacturers, 2019

11. Competition framework for Vietnam Industrial Lubricants Market

11.1 Strengths and Weaknesses of the major Industrial Lubricant market Players

11.2 Cross Comparison of Major Players in Vietnam Lubricants Market

11.3 Castrol BP Petco Co Ltd Product Portfolio in Vietnam Lubricant Market

11.4 Shell Vietnam Product Portfolio in Vietnam Lubricant Market

11.5 Petrolimex Product Portfolio in Vietnam Lubricant Market

11.6 Company-Wise Sales Analysis of major Players in Vietnam Industrial Lubricant Market, 2021

12. Competition framework for Vietnam Automotive Lubricants Market

12.1 Strengths and Weaknesses of the major Industrial Lubricant market Players

12.2 Cross Comparison of Major Players in Vietnam Lubricants Market

12.3 Castrol BP Petco Co Ltd product Portfolio in Vietnam Automotive Lubricant Market

12.4 Shell Vietnam Product Portfolio in Vietnam Automotive Lubricants Market

12.5 Petrolimex Product Portfolio in Vietnam Automotive Lubricants Market

12.6 Revenue Analysis of Petrolimex in Vietnam Lubricants Market, 2020 & 2021

13. Covid-19 Impact on Vietnam Lubricant Market

13.1 Impact of Covid-19 on Vietnam Lubricant Market

13.2 Key elements of the Recovery Phase for Companies from Pandemic

14. Future Outlook and market Size for Vietnam Lubricant Market, 2021-2026F

14.1 Future Market Sizing analysis of Vietnam Lubricant Market, 2021-2026F

14.2 Future Market Segmentation for Vietnam Lubricant Market, 2021-2026F

15. Future Segmentation for Vietnam Industrial Lubricant Market, 2026

15.1 By Type of Industrial Lubricants on the Basis of Sales volume, 2026F

15.2 By End Use of Industrial Lubricants on the Basis of Sales volume, 2026F

15.3 By Distribution Channel in Industrial Lubricants on the Basis of Sales Volume, 2026

16. Future Segmentation for Vietnam Automotive Lubricant Market, 2026

16.1 By Type of Automotive Lubricants on the Basis of Sales volume, 2026F

16.2 By End Use of Automotive Lubricants on the Basis of Sales volume, 2026F

16.3 By Distribution Channel in Automotive Lubricants on the Basis of Sales Volume, 2026

17. Market Opportunity and Analyst Recommendations

17.1 Companies Looking to capture value growth can Pull several levers

17.2 Marketing and Sales Channel Strategies for Automotive and Industrial Lubricant Providers

18. Research Methodology

18.1 Market Definitions and Assumptions

18.2 Abbreviations used

18.3 Market Sizing Approach

18.4 Market Sizing Approach

18.5 Sample size limitations and Future Conclusion

18.6 Correlation Matrix

18.7 Limitations and Future Conclusion

Disclaimer

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