Vietnam Lubricants Market Outlook to 2023
By Grade (Mineral, Semi-Synthetic and Synthetic Lubricants), By Application (Automotive and Industrial) By Type of Automotive and Industrial Lubricants, By End User of Automotive and Industrial Lubricants End User, and By Distribution Channel of Automotive and Industrial Lubricants
Region:Asia
Author(s):Akshit Goel
Product Code:KR894
October 2019
129
About the Report
Vietnam Lubricants Market Overview and Size
Vietnam Lubricants Market Segmentation
By Application (Automotive and Industrial): Automotive lubricants had a greater presence in Vietnam, holding a leading share out of the sales volume in the year 2018. Motorcycles and commercial vehicles were the dominant category in the automotive lubricants segment, while Heavy Duty Diesel Engine Oil and Motorcycle Oil were the leading types. Distribution of automotive lubricants took place primarily through dealer and distributor networks of lubricant companies in the market. On the other hand, industrial lubricant growth was driven by the end users in the manufacturing and steel sector in Vietnam.
By Automotive Lubricant type (Heavy Duty Diesel Engine Oil, Motorcycle Oil, Passenger Car Motor Oil, Hydraulic Oil, Gear Oil and Greases): Heavy Duty Diesel Engine Oil held a leading share in the automotive lubricant sales in Vietnam in the year 2018. High lubricant volume utilized in commercial vehicles and a high frequency of lubricant change ensured the dominance of Heavy Duty Diesel Engine Oil and a large circulation of motorcycles catapulted the share of motorcycle oil to the second highest in the market.
By Automotive End User (Commercial Vehicles, Motorcycles, Passenger Cars and Marine Vessels): Commercial vehicles and Motorcycles led the market for the end users in the automotive lubricant segment. Passenger Cars held a low share due to the lower motorization rate in Vietnam and the high preference of motorcycles over cars as modes of passenger transport.
By Automotive Distribution Channel (Dealer and Distributor network, OEM Workshops and Service Stations and Supermarket and Online Retail): Dealer and Distributor Network held the leading share in the distribution channels for automotive lubricant in Vietnam. The share of supermarkets and online retail is low due to the low trust level attributed and relatively new status of these modes of distribution.
By Industrial Type (Hydraulic Oil, Metal Cutting Fluid, Industrial Gear Oil, Industrial Grease, Turbine Oil, Transformer Oil, Compressor Oil and Others): Hydraulic Oil segment lead the market of Industrial Lubricants in Vietnam in the year 2018. The segment earned a high share accruing to their indispensability in varied industrial uses and applications. In addition, Metal Cutting Fluid was the second largest type, with hydraulic oils.
By Industrial End User (Manufacturing, Steel Projects, Construction, Power Generation and Others): Manufacturing industry which includes auto parts, paper, chemicals, food processing and electric appliances held the largest share out of the industrial lubricant sales in the year 2018 in Vietnam. In addition, Steel projects held the second largest share in end users of industrial lubricants in Vietnam.
By Industrial Distribution Channel (Direct Sales and Dealer and Distributor Network): Direct Sales dominated the distribution channels of industrial lubricant in Vietnam in the year 2018. Preferring to sign long term contracts with lubricant providers, industrial players generally prefer the direct sales avenue to reduce margins and middlemen.
Competitive Landscape in Vietnam Lubricants Market
Vietnam Lubricants Market Future Outlook and Projections
Key Topics Covered in the Report
- Value Chain in Vietnam Lubricants Market
- Vietnam Lubricants Market Genesis and Overview
- Stakeholders in Vietnam Lubricants Market
- Vietnam Lubricants Market Size, 2013-2018
- Vietnam Lubricants Market Segmentation, 2018
- Regulatory Landscape in Vietnam Lubricants Market
- End User Analysis in Vietnam Lubricants Market
- Trends and Developments in Vietnam Lubricants Market
- Issues and Challenges in Vietnam Lubricants Market
- Porter’s Five Forces Analysis of Competition in Vietnam Lubricants Market
- Competitive Landscape in Vietnam Lubricants Market
- Company Profiles of Major Players in Vietnam Lubricants Market
- Product Portfolio of Major Players in Vietnam Lubricants Market
- Vietnam Lubricants Market Future Outlook and Projections, 2018-2023E
- Analyst Recommendation for Vietnam Lubricants Market
Products
Key Target Audience:
- Auto And Auto Component Manufacturers
- Manufacturing Companies
- Steel Production Companies
- Metal Working Companies
- Auto And Auto Component Manufacturers
- Construction Companies
- Textile Companies
- Cement Companies
- Mining Companies
- Power Generation Companies
- Food & Beverage Companies
- Petroleum and Lubricant Associations
Time Period Captured in the Report:
- Historical Period – 2013-2018
- Forecast Period – 2018-2023E
Companies
Key Segments Covered:
By Grade
- Mineral based Lubricants
- Semi-Synthetic Lubricants
- Synthetic Lubricants
By Application
- Automotive Lubricants
- Industrial Lubricants
By Automotive Lubricant Type
- Heavy Duty Diesel Engine Oil
- Motorcycle Oil
- Passenger Car Motor Oil
- Hydraulic Oil
- Gear Oil
- Greases
By Automotive Lubricant End User
- Commercial Vehicles
- Motorcycles
- Passenger Cars
- Marine Vessels
By Automotive Lubricant Distribution Channel
- Dealer and Distributor Network
- OEM Workshops and Service Stations
- Supermarket and Online Retail
By Industrial Lubricant Type
- Hydraulic Oil
- Metal Cutting Fluid
- Industrial Gear Oil
- Industrial Grease
- Turbine Oil
- Transformer Oil
- Compressor Oil
- Others (Anti Rust Oil and Cleaner Oil)
By Industrial Lubricant End User
- Manufacturing
- Steel Projects
- Construction
- Power Generation
- Others (Textiles, Chemicals and Auto Parts primarily)
By Industrial Lubricant Distribution Channel
- Direct Sales
- Dealer and Distributor Network
Companies Covered:
- Castrol BP Petco
- Petrolimex Petrochemical Corporation (PLC)
- Shell Vietnam
- Chevron
- Total
- Mekong Lubricants
- Idemitsu Lube Vietnam
- JX Nippon Oil and Energy
- ExxonMobil
- Vilube Motul
- Valvoline
- Honda
- Yamaha Lube
- Sinopec
Table of Contents
1. Executive Summary
Market Overview and Size
Market Segmentation
Competitive Landscape
Market Future Outlook and Projections
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling
Consolidated Research Approach
Market Sizing Approach– Vietnam Lubricants Market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Limitations
Final Conclusion
3. Value Chain Analysis (Stages in the Value Chain Process, Entity Relation and Margins and Major Problems Involved in Value Chain)
4. Market Overview & Genesis (Historical Genesis, Growth Transition, Present Scenario, Trade Scenario, End Users, Channels of Distribution, Geographical Distribution, Major Products, Growth Drivers and Emerging Market Trends)
5. Stakeholders in Vietnam Lubricants Market (Major Suppliers, Government Associations and Major Distributors; Major OEMs and Major Industrial Players)
6. Vietnam Lubricants Market Size on the Basis of Revenue and Sales Volume, 2013-2018
7. Vietnam Lubricants Market Segmentation, 2013 and 2018
7.1. Grade (Mineral, Semi-Synthetic and Synthetic), 2013 and 2018
7.2. Application (Automotive and Industrial), 2013-2018
7.2.1. Automotive Type (Heavy Duty Diesel Engine Oil, Motorcycle Oil, Passenger Car Motor Oil,
Hydraulic Oil, Gear Oil and Greases), 2018
7.2.2. Automotive End Users (Commercial Vehicles, Motorcycles, Passenger Cars and Marine Vessels), 2018
7.2.3. Automotive Distribution Channel (Dealer and Distributor network, OEM Workshops and Service Stations and Supermarket and Online Retail), 2018
7.2.4. Industrial Type (Hydraulic Oil, Metal Cutting Fluid, Industrial Gear Oil, Industrial Grease, Turbine Oil, Transformer Oil, Compressor Oil and Others), 2018
7.2.5. Industrial End Users (Manufacturing, Steel Projects, Construction, Power Generation and Others), 2018
7.2.6. Industrial Lubricant Distribution Channel (Direct Sales and Dealer and Distributor Network), 2018
8. Regulatory Landscape
8.1. National Quality Standards
9. End User Analysis
9.1. Decision Making Criteria for Automotive and Industrial Lubricant End Users
9.2. Pain Points for End Users
9.3. End User Overview for Industrial Lubricants
10. Trends and Developments
Implementation of National Lubricant Quality Standard
Increasing Consumption of Synthetic and Semi-Synthetic Lubricants in Vietnam
Rising Passenger Car Sales
Reduction of Import Tax
Return of EXXONMOBIL to the Market
Emergence of Bio Based Lubricants
11. Issues and Challenges
Spread of Fake Lubricants
Marketing Conflicts in Joint Ventures
Inefficient Crude Oil Capabilities
12. Porter’s Five Forces Competition Analysis
13. Competitive Landscape
13.1. Competition Scenario (Competition Nature, Major Players, Geographical Background of
Competition and Competition Drivers)
13.2. Market Share of Major Lubricant Manufacturers (Castrol BP Petco, PLC, Shell, Total,
Chevron Vietnam and Mekong Lubricants) on the Basis of Sales Volume in Million Liters, 2018
14. Company Profiles of Major Lubricant Manufacturers (Company Overview, Sales Volume and
Market Share, Blending Capacity and Plant Details, Retail Network, USP, Best Selling
Lubricants, Major Clients, Recent Developments and Future Strategies)
14.1. Castrol BP Petco
14.2. PLC (Petrolimex Petrochemical Corporation)
14.3. Total
14.4. Shell Vietnam
14.5. Chevron Lubricants Vietnam
14.6. Mekong Lubricants
14.7. JX Nippon
14.8. Idemitsu
14.9. Other Players (Vilube-Motul, ExxonMobil, Sinopec, Valvoline, Honda and Yamaha Lube)
15. Product Portfolio of Major Lubricant Manufacturers
15.1. Automotive Lubricant Portfolio
15.1.1. Chevron
15.1.2. PLC
15.2. Industrial Lubricant Portfolio
15.2.1. Total
15.2.2. Shell
16. Market Future Outlook and Projections, 2018-2023
16.1. By Revenue and Sales Volume, 2018 - 2023
16.2. Lubricant Grade (Mineral, Semi-Synthetic and Synthetic), 2023E
16.3. Lubricant Application (Automotive and Industrial), 2023
Automotive End Users (Commercial Vehicles, Motorcycles, Passenger Cars and Marine Vessels), 2023E
Industrial End Users (Manufacturing, Steel Projects, Construction and Power Generation and Others), 2023E
17. Analyst Recommendations
Disclaimer
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