LONDON, Aug. 30, 2016 /PRNewswire/ -- Thailand, Indonesia, and Malaysia Present Growth
Opportunities Owing to a Growing Automotive Industry
Synthetic lubricants can be divided into pure synthetic and
semi-synthetic, which is a blend of pure synthetics and mineral
oils. Synthetic lubricants cater to a niche market that requires
high performance and superior properties. They are mostly used in
the automotive sector, with limited applications in the industrial
segment. This research service covers Southeast Asian countries:
Indonesia, Malaysia, Thailand, the
Philippines, and Singapore.
It explores the market dynamics, competitive landscapes, as well as
the trends in the Southeast Asian market. Quantitative and
qualitative analyses were obtained through primary interviews with
key industry participants and secondary research from top quality
journals, articles, and other databases.
Market Definitions
- This study covers pure-synthetic and semi-synthetic lubricants
that are a blend of pure synthetics and mineral oils.
- Synthetic lubricants cater to a niche market that require high
performance and superior properties. These lubricants are mostly
used in the automotive sector, with limited applications in the
industrial segment.
- Mineral-oil based lubricants dominate the lubricants market in
Southeast Asia, as synthetic oils
can cost 4 to 5 times more than mineral-oil based lubricants. This
is a major restraint for the synthetic lubricants market.
- Synthetic lubricants continue to be heavily promoted by leading
oil companies that control most of the market share and have
sufficient financial resources to aggressively advertise and
establish a wide
distribution network.
- The competitive structure has changed over the years due to
mergers and acquisitions, as well as growth of local companies,
mainly the national oil companies of each country.
Market Overview—Definitions
This research service covers the following Southeast Asian
countries:
- Indonesia
- Malaysia
- Thailand
- The Philippines
- Singapore
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