Vietnam Lubricants Market Forecast 2030: Key Players & Emerging Trends
Vietnam Lubricants Market Size & Insights
As per recent study by MarkNtel Advisors 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.
What are the Key DROs in the Vietnam Lubricants Market?
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.
What are the Key Segments in the Vietnam Lubricants Market?
The Vietnam Lubricants is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
· By Product Type
o 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
o 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
o Direct Sales– Market Size & Forecast 2025–2030, USD Million
o 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
o 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
o 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
o Mining– Market Size & Forecast 2025–2030, USD Million
o Marine– Market Size & Forecast 2025–2030, USD Million
o Others
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By Region
· Northern
· Central
· Southeast
· Mekong Delta
How does geographical analysis highlight in the Vietnam Lubricants market?
Who are the Key Players in Vietnam Lubricants Market?
· 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
· others
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Vietnam Lubricants Market News
- 2025: TotalEnergies started a partnership with Cao Gia Quy Environment to recycle used engine oil in Vietnam. This step supports the country’s new EPR (Extended Producer Responsibility) rule, which requires oil companies to recycle at least 15% of their used products. The aim is to protect the environment and promote responsible oil use and disposal across Vietnam.
- 2025: Idemitsu announced plans to increase its investment in Vietnam. This includes starting a green fuel project in Binh Dinh and working to cut carbon emissions in Thanh Hoa. These efforts are linked to its role in the Nghi Son Refinery. The goal is to support cleaner energy and help reduce environmental impact in the country.
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· Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
· Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
· Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
· Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.
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Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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