Market Research Reports - Ken Research Opportunities in Lubricant Industry

Philippines Lubricants Market Outlook to 2021: Ken Research
Ken Research announced its latest publication on “Philippines Lubricants Market by Type
(Mineral, Semi-Synthetic and Synthetic), by Application (Automotive – Passenger,
Commercial, Marine and Aviation and Industrial – Mining, Construction, Manufacturing, Iron
and Steel, Agriculture, Electricity and Medical) - Outlook to 2021” suggested a rapid growth in
the Philippines lubricants market, majorly driven by boosting crude oil imports, thus assisting
market players to offer more lubricants in the country. The stakeholders of this report include
lubricant manufacturers, dealers, companies involved in research, automotive workshop
owners in the Philippines and the new entrants and venture capitalists who wish to invest in
lubricant market in future.
Detailed comparative analysis of major lubricant market players has also been provided.
Various marketing analysis factors such as trends and developments and SWOT analysis are also
added in the study. The future analysis of the overall Philippines lubricants market has also
been discussed along with recommendations from analyst view.
Philippines Lubricant Market Size
There has been a tremendous growth in the consumption of both automotive and industrial
lubricants during 2011 to 2016. Consumption of lubricants in the Philippines has been reported
at ~million liters in 2011, which witnessed a healthy growth over the subsequent five years,
recording consumption of ~ million liters in 2016, at a CAGR of ~% during the same period.
Increasing sales of vehicles in the country has been the strongest factor affecting the lubricants
market revenues in a positive manner. The overall revenues generated by the market players in
the Philippines lubricants market augmented to USD ~ million during 2016 from USD ~ million
during 2011, at a CAGR of ~% between 2011 and 2016. The increased sales were also supported
by the continuous improvement in the refining process of the existing players and the up
gradation of refineries by the lubricants giants operating in the country.
Philippines Lubricant Market Segmentation
Mineral lubricants have dominated the overall lubricant consumption in the Philippines during
2011 and 2016. Since, these lubricants need to be changed more often; the market has
witnessed a decline in demand from ~% share in the consumption in 2011 to ~% share in 2016.
The share of semi-synthetic lubricants in the total consumption has inclined from ~% in 2011 to
~% in 2016, owing to an increased use of such products by both the customers of synthetic and
mineral lubricants. The share of synthetic based oils in the total consumption has inclined from
~% in 2011 to ~% in 2016, majorly due to their ability to offer superior lubrication in modern car
engines as compared to mineral and semi-synthetic lubricants.