The Tyreman talked to several small & medium players in the lubricant market to understand the trend, strategies, challenges and outlook of the industry.
Automotive Industry Dominates Malaysian Lubricant Market
Based on Modor Intelligence, the Malaysia lubricant market stood at 447.91 million litres in 2021 and is projected to register a Compound Annual Growth Rate (CAGR) of 3.58 per cent to reach 534.03 million litres in 2026.
In 2020, according to the report, the Malaysian lubricant market was dominated by the automotive industry, which accounted for around 70 per cent of total lubric...
Automotive Industry Dominates Malaysian Lubricant Market
Based on Modor Intelligence, the Malaysia lubricant market stood at 447.91 million litres in 2021 and is projected to register a Compound Annual Growth Rate (CAGR) of 3.58 per cent to reach 534.03 million litres in 2026.
In 2020, according to the report, the Malaysian lubricant market was dominated by the automotive industry, which accounted for around 70 per cent of total lubric...
