Market Research Reports - Ken Research Automotive Lubricant Market Growth

Rising Sale of Vehicles and Enhancing Manufacturing Sector to Foster Future Growth of
Thailand Lubricant Market: Ken Research
Rising sale of passenger and commercial vehicles coupled with growing demand for synthetic
lubricants have aided the demand for lubricants in Thailand.
The report titled “Thailand Lubricant Market by Type (Mineral, Semi-Synthetic and Synthetic),
by Application (Automotive - Passenger, Commercial, Marine and Aviation; Industrial -
Mining, Construction, Manufacturing, Iron and Steel, Agriculture, Electricity, Medical) -
Outlook to 2021” by Ken Research suggested a robust CAGR of 4.0% in revenue of the Thailand
lubricant market by 2021 with growing demand for synthetic and semi-synthetic lubricants
rising sale of new vehicles driving the revenues of this market in the future.
Thailand lubricant market is in a recovery phase. Thailand has been going through political
turmoil over the past couple of years due to which industrial lubricant sector observed
constrained growth over the period 2014-2015. However, the market has started recovering in
2016 with ample growth projected over the coming five years.
Lubricant consumption in Thailand has enhanced in 2016. Apart from rising sales of vehicles
and growth in industrial and machinery sector, growth in the market has also been led by
growing use of synthetic lubes in high end cars.
In the current scenario, synthetic lubricants are mostly used in the automotive sector and have
limited applications in the industrial segment. However, the market has witnessed rapid growth
over the past five years as new cars and vehicles in being manufactured in the country are using
synthetic based lubricants as they are known to enhance the performance and lifespan of the
vehicles. Best type of synthetic lubricants available in Thailand includes PTT Performa Fully
Synthetic 5W-40 and Shell Helix Ultra 5W-40.
Graphene is a new type of lubricant that is emerging in the Thailand market. Many institutes
and companies have been conducting R&D on Graphene lubricants for a number of years.
Unique physical, mechanical, and chemical properties of Graphene make it an attractive
product for applications where control of friction and wear is of vital importance at different
length scales. Conventional lubricants often have chemical limitations when it comes to
reducing friction in machinery. Graphene has properties of a newer, exceptionally wear-
resistant lubricant that works in a broader range of environments. For instance, a single layer of
conventional lubricant in between a steel ball and a steel disk would last only 1 wear cycle. On
the other hand, the single layers of Graphene can last for more than 6,500 wear cycles.