New Delhi, October 31, 2017: The report titled “ Thailand Lubricant Market by Type (Mineral, Semi-Synthetic and Synthetic), by Application (Automotive – Passenger, Commercial, Marine and Aviation; Industrial – Mining, Construction, Manufacturing, Iron and Steel, Agriculture, Electricity, Medical) – Outlook to 2021 ” provides a comprehensive analysis of the automotive and industrial lubricant market in Thailand. The report covers aspects such as the market size of the Thailand lubricant market, market segmentation on the basis of type (Mineral, Semi-Synthetic and Synthetic), by application (Automotive – Passenger, Commercial, Marine and Aviation; Industrial – Mining, Construction, Manufacturing, Iron and Steel, Agriculture, Electricity, Medical), by distribution channels (OEM Workshops, Dealer Network, Supermarkets, Local Workshops and Online) and by origin of production.
The report also covers the competitive landscape, government regulations, customer preferences, and pricing analysis of Thailand lubricant market. In addition to this, the report also covers company profiles and product portfolio of major players. This report will help industry consultants, manufacturers, retailers, distributors, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Thailand Lubricant Market
Thailand lubricant market is in a recovery phase currently. Thailand has been going though political turmoil over the past couple of years due to which industrial lubricant sector observed constrained growth over the period 2014-2015. However, the market has started recovering in 2016 with ample growth projected over the coming five years.
Lubricant consumption in Thailand has enhanced from ~ million liters in 2011 to ~ million liters in 2016. On the other hand, revenues have been evaluated at THB ~ million in 2016. Apart from rising sales of vehicles and growth in industrial and machinery sector, growth in the market has also been led by growing use of synthetic lubes in high end cars.
Thailand Lubricant Market Segmentation
By Type: Mineral based lubricants have accounted for the highest share in the consumption during 2016. However, its share compared to 2011 has declined considerably from ~% to ~% in 2016. Compared to synthetic oils, they provide significantly less protection, can’t withstand high temperatures and need to be changed often. Consumption of semi-synthetic lubricants have amplified at a CAGR of ~% over the past five years and their share has risen from ~% in 2011 to ~% in 2016. Share of synthetic lubricants have inclined to ~%.
By Application: Automotive lubricants have accounted the largest consumption share of ~% in the market during 2016. On the other hand, the share of industrial and machinery lubricants has declined slightly relative to the automotive segment.
By Domestic Production and Imports: Domestic manufacturing has accounted for the majority of the share in the market for lubricants in Thailand. As of 2016, ~% of the total lubricants consumed in Thailand during 2016 has been manufactured locally. On the other hand, remaining ~% of the lubricants has been imported.
Competition Scenario in Thailand Lubricant Market
Thailand lubricant market has around ~ brands competing with each other on the basis of several parameters such as price, quality and innovation, product portfolio and marketing techniques such as OEM partnerships. However, 5 players dominate the market as they account for a share of around ~% in the total sales of lubricants 2016. Market for lubricants in Thailand has been led by PTT lubricants that has accounted for a share of ~% in the sale of lubricants in volume terms. PTT has been followed by Shell that has accounted for a share ~% during 2016.
Future Outlook for Thailand Lubricant Market
The lubricants market in Thailand has grown at a considerable pace over the period 2011-2016. However, the growth was slightly constrained over the year 2014-2015 mainly due to the political turmoil in the country that affected the country’s entire manufacturing operations. This market has been anticipated to pick up from 2017, and growth significantly over the period 2017-2021. Market for lubricants in Thailand has been projected to reach ~ million liters in terms of consumption during 2021 posting a CAGR of ~% over the concerned period.
Key Topics Covered in the Report:
Thailand Lubricant Market Size by Value and Volume, 2011-2016
Pricing and Margin Analysis
Thailand Lubricant Market Segmentation on the basis of Application, Distribution channels and Type of Lubricants
Porter Analysis for Thailand Lubricant Market
Trends, Developments, Growth Drivers, Restraints and Government Regulation
Thailand Lubricant Market
Engine Oil Market Thailand
Shell Market Share Thailand
Decision Making Parameters for Vendor Selection in Thailand Lubricant Market
Company Profile of Major Players Thailand Lubricant Market
Thailand Lubricant Market Future outlook and Projections
Lubricating Oil Market Thailand
Gear Oil Industry Size Thailand
Metal Working Fluids Market Thailand
Chevron Lubricant Best Selling Thailand
Lubricant Consumption Volume Thailand
Competition Lubricant Thailand
Growth Drivers Lubricant Thailand
Castrol BP Lubricant Price Thailand
PTT Lubricant Market Share Thailand
Industrial Lubricant Industry Thailand
For more information on the market research report please refer to the below link:
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Corporate Comm India(CCI Newswire)
