Philippines Lubricants Market Ecosystem
The Philippines lubricants market is fragmented with too many lubricant manufacturers operating in the industry. Petron and Shell are the dominant players in Philippines lubricants market.
Key Findings
Construction industry added major contribution (9.8%) to the overall GDP in Philippines in 2021. The average volume of production for the manufacturing sector in the Philippines was 81.5% in 2021 compared to 54.2% in 2020.In 2021, the total volume of motorcycles and scooters sold in the Philippines reached ~1.4 Mn units reflecting an increase of 19.1% sales in comparison to total sales volume of 1.21 Mn in 2020.Motor Vehicles sales in Philippines increased by 20.0% in 2021 with sales volume of 268,488 units in comparison to 223,793 units in 2020. Commercial vehicles registered higher sales volume with 183,228 units.To Know More about this report, download a Free Sample Report
Increasing Population and Rise in the Disposable Personal Income: Growing middle-class incomes, higher percentage of millennial population and the subsequent increasing demands of two-wheelers and four-wheelers is increasing the production and sales of new vehicles will fuel more to the lubricants demand in the Philippines in upcoming years.
Expansion Strategies of Market Players in future: Petron Corporation Philippines announced completion of the constructing power plant having capacity of 184 MW by 2022 end that will cater to the power requirements of its Bataan refinery. Filipinas Shell Corporation Philippines plans to open 60 to 80 mobility sites per year. Other market players are also planning to expand customer reach by investing actively in growing number of service stations providing products and maintain extensive dealership network.
Future of Philippines Lubricants Market: Philippines Lubricants Market is expected to grow at a double digit positive CAGR of 14.4% during 2021-2026F. Owing to the booming energy sector of the Philippines, the country is anticipated to witness an increase in crude oil imports to meet the growing demand various industries under both the Industrial and Automotive sectors over the long term. Dealers Network are expected to expand their business via online and in-shop channels to offer both local and branded lubricants in distinguished quantities demanded by the customers.
The report titled “Philippines Lubricants Market Outlook to 2026F– Driven by Growth in Crude Oil Import and Rising Sales of Commercial Vehicles in the Country” by Ken Research provides a comprehensive analysis of the potential of Lubricants in Philippines. The report also covers overview and genesis of the industry, market size in terms of revenue generated; market segmentation by type, by grade, by end use, by distribution; growth enablers and drivers, trends and developments challenges and bottlenecks; regulatory framework; end user analysis; competitive landscape including competition scenario, market shares of major players on the basis of revenue generated. The report concludes with future market projections of each product segmentation and analyst recommendations.
Key Segments Covered: -
Philippines Lubricants Market:
By Type, on the Basis of Sales Volume (Mn Lts):
Industrial LubricantAutomotive LubricantBy Grade, on the Basis of Sales Volume (Mn Lts):
MineralSemi-SyntenicSyntheticPhilippines Industrial Lubricants Market:
By Type, on the Basis of Sales Volume (Mn Lts):
Hydraulic FluidGreaseGear OilMetalworking FluidOthers (Turbine Oil, Compressor Oil, etc.)To Know More about industry trends, Request a free Expert call
By End Use, on the Basis of Sales Volume (Mn Lts):
Construction and MiningGeneral ManufacturingMetal ProductionPower GenerationFood ProcessingOthers (Agriculture, Medical, etc.)By Distribution Channel, on the Basis of Sales Volume (Mn Lts):
Dealer NetworkDirect SalesPhilippines Automotive Lubricants Market:
By Type, on the Basis of Sales Volume (Mn Lts):
Heavy-Duty Diesel Engine OilPassenger Vehicle Motor OilTransmission FluidsHydraulic OilGreasesGear OilsBy End Use, on the Basis of Sales Volume (Mn Lts):
Commercial VehiclesPassenger CarsMotor CyclesMarineOthers (Aviation, Railways, etc.)By Distribution Channel, on the Basis of Sales Volume (Mn Lts):
Dealer NetworkOEM Workshops/Service stations/Local WorkshopsSupermarkets/ HypermarketsOnlineVisit this Link Request for a custom report
Key Target Audience
Lubricants ManufacturersLubricants DistributorsBase-oil CompaniesAdditive CompaniesRefining CompaniesConstruction and Mining IndustryGeneral Manufacturing IndustryMetal Production IndustryPower Generation IndustryFood Processing IndustryAgriculture IndustryMedical IndustryAutomotive OEMsAutomotive DealershipsGovernment AgenciesConsulting and Advisory FirmsTime Period Captured in the Report:
Historical Period: 2016-2021Forecast Period: 2021-2026FCompanies Covered:
Lubricants Manufacturers
Petron CorporationPilipinas Shell Petroleum CorporationCaltex (Chevron Philppines)Phoenix Petroleum Philippines, Inc.SEAOIL Philippines Inc.Unioil Petroleum Philippines Inc.Liquigaz Philippines CorporationCastrol Philippines Inc.Total Energies PhilippinesKey Topics Covered in the Report
Philippines Lubricants Market OverviewEcosystem of Philippines Lubricants MarketBusiness Cycle and Genesis of Philippines Lubricants MarketValue Chain Analysis for Philippines Lubricants MarketGrowth Enablers in Philippines Lubricants MarketBottlenecks and Challenges in Philippines Lubricants MarketPhilippines Lubricants Market RegulationsEnd User Analysis of Philippines Lubricants MarketVendor Evaluation and Selection Process in Philippines Lubricants MarketCovid-19 Impact on Philippines Lubricants MarketCompetitive Landscape in Philippines Lubricants MarketProduct Portfolio of Major Players Philippines Automotive Lubricants MarketMarket Opportunity and Analyst RecommendationsFor more insights on market intelligence, refer to the link below: -
Future Outlook of Lubricants Market in Philippines
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Malaysia Automotive Lubricant Market Outlook To 2025
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