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Number of OEM Companies & Private Brand Lubricants Continues to Rise

The Tyreman talked to several small & medium players in the lubricant market to understand the trend, strategies, challenges and outlook of the industry.

Automotive Industry Dominates Malaysian Lubricant Market

Based on Modor Intelligence, the Malaysia lubricant market stood at 447.91 million litres in 2021 and is projected to register a Compound Annual Growth Rate (CAGR) of 3.58 per cent to reach 534.03 million litres in 2026.

In 2020, according to the report, the Malaysian lubricant market was dominated by the automotive industry, which accounted for around 70 per cent of total lubricant consumption. From 2015 to 2019, lubricant consumption in the automotive industry increased by around 25 per cent. However, in 2020, the automotive industry experienced a drop of 9.3 per cent over 2019 due to the Covid-19 impact, followed by heavy equipment of 7.4 per cent.

The Tyreman talked to several small and medium players, with one or two players who preferred not to be named, in the lubricant market to better understand the trend, strategies, challenges and outlook of the industry.

With about 80 per cent of the Malaysian lubricant market occupied by the top five companies, namely BP, Chevron, Petronas, Shell and Total, there are about 200 to 500 imported and private brands as well as local blends popping up every now and then, with some coming and going, according to those interviewed…..

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据 Modor Intelligence 的数据显示,2001年的马来西亚润滑油市场为4.4791亿升,预计复合年增长率(CAGR)为3.58%,2026年将达到5.3403 亿升。

该报告称,2020年的马来西亚润滑油市场由汽车行业主导,约占润滑油总消费量的70%。2015年至2019年,汽车行业润滑油消耗量增长25%左右。然而,由于疫情的影响,2020年汽车行业比 2019年下降9.3%,重型设备则下滑7.4%。




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