Vietnam Lubricants Market Trends and Forecast 2030: Growth & Market Size

The Vietnam Lubricants Market size was valued at around 319.57 million liters in 2024 and is expected to reach 423.38 million liters by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.80% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.

Vietnam Lubricants Market Driver:

Rising Motorcycle Density in Vietnam – The market growth is driven by the rising motorbike registration in Vietnam, which is significantly increasing the demand for lubricants. For instance, about 60 million bikes have been registered in the country, for a population of about 100 million people, as of 2025. This is leading to frequent maintenance of these motorbikes, including frequent oil refills for their smooth running.

Additionally, many people use mineral oils or semi-synthetic oils, which require more frequent oil replacement, thus increasing the market demand. For instance, the two-wheelers require oil changes after every 1,000 to 2,000 km, which increases the engine usage and lubricant consumption. Consequently, the country has increased its production capacity for lubricant manufacturing. For instance, Vietnam produces more than 4,00,000 tons of lubricants per year. All these factors are augmenting the size & volume of the Lubricants Market of Vietnam.

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Key Market Reports Highlights

• Market Dimensions & Projections
• Pricing Evaluation
• Recent Strategic Moves by Companies
• Primary Stakeholders
• Import/Export Trend Analysis
• Competitive Landscape Assessment
• Emerging Opportunities
• Market Trends and Indicators

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Vietnam Lubricants Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• By Product Type
  • Automotive Lubricants – Market Size & Forecast 2025–2030, USD Million
    • Engine Oils – Market Size & Forecast 2025–2030, USD Million
    • Transmission Fluids – Market Size & Forecast 2025–2030, USD Million
    • Gear Oils – Market Size & Forecast 2025–2030, USD Million
    • Greases – Market Size & Forecast 2025–2030, USD Million
  • Industrial Lubricants– Market Size & Forecast 2025–2030, USD Million
    • Hydraulic Fluids– Market Size & Forecast 2025–2030, USD Million
    • Metalworking Fluids– Market Size & Forecast 2025–2030, USD Million
    • Industrial Gear Oils– Market Size & Forecast 2025–2030, USD Million
    • Compressor Oils– Market Size & Forecast 2025–2030, USD Million
    • Marine Lubricants– Market Size & Forecast 2025–2030, USD Million
    • Others (Turbine Oils, Specialty Lubricants)
• By Distribution Channel
  • Direct Sales– Market Size & Forecast 2025–2030, USD Million
  • Indirect Sales– Market Size & Forecast 2025–2030, USD Million
    • Distributors/Dealers– Market Size & Forecast 2025–2030, USD Million
    • Online Retail– Market Size & Forecast 2025–2030, USD Million
    • Service Stations– Market Size & Forecast 2025–2030, USD Million
    • Supermarkets & Hypermarkets– Market Size & Forecast 2025–2030, USD Million
• By End-User
  • Automotive– Market Size & Forecast 2025–2030, USD Million
    • Passenger Vehicles– Market Size & Forecast 2025–2030, USD Million
    • Commercial Vehicles– Market Size & Forecast 2025–2030, USD Million
    • Two-Wheelers– Market Size & Forecast 2025–2030, USD Million
    • Off-Highway Vehicles– Market Size & Forecast 2025–2030, USD Million
  • Industrial– Market Size & Forecast 2025–2030, USD Million
    • Manufacturing– Market Size & Forecast 2025–2030, USD Million
    • Power Generation– Market Size & Forecast 2025–2030, USD Million
  • Mining– Market Size & Forecast 2025–2030, USD Million
  • Marine– Market Size & Forecast 2025–2030, USD Million
  • Others
• By Region
  • Northern
  • Central
  • Southeast
  • Mekong Delta

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Castrol BP Petco Ltd., Petrolimex Petrochemical Corporation (PLC), Motul Vietnam Co., Ltd., Chevron Lubricants Vietnam Ltd. (Caltex), Shell Vietnam Ltd., TotalEnergies Marketing Vietnam Limited, Mekong Petrochemical JSC, JX Nippon Oil & Energy Vietnam, Idemitsu, Sinopec looking forward to strengthening their market positions.

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