베트남의 자동차 윤활유 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the Vietnam automotive lubricants market size is expected to increase from 268.34 million liters in 2025 to 280.42 million liters in 2026 and reach 334.40 million liters by 2031, growing at a CAGR of 4.5% over 2026-2031.

This report is Segmented by Product Type (Automotive Engine Oil [0W-XX, 5W-XX, 10W-XX, 15W-XX, Monogrades, and Other Grades], Manual Transmission Fluids, Automatic Transmission Fluids, Brake Fluids, and More), Vehicle Type (Passenger Vehicles, Commercial Vehicles, and Two-Wheelers). The Market Forecasts are Provided in Terms of Volume (Liters).

Vietnam Automotive Lubricants Market Trends and Insights

Two-Wheeler Dominance in Urban Mobility

Vietnam's registered motorbike parc surpassed 70 million units in 2025. Despite a slight contraction in new sales, each motorbike still undergoes three to four oil changes a year, forming a dependable demand base that insulates the Vietnam automotive lubricants market from swings in car sales. Euro 5 emission rules, effective 2026, are steering riders toward low-SAPS API SN Plus and JASO MA2 oils, pushing premium synthetics deeper into mass retail. Electric scooter uptake, while expanding at triple-digit rates, has yet to materially dent lubricant volumes because bearings, brake hydraulics, and drivetrains continue to need greases and fluids, albeit in smaller quantities.

Surge in E-Commerce Logistics Fleets

Vietnam's gross merchandise value rose from USD 22 billion in 2023 to an estimated USD 52 billion in 2025. Parcel networks responded by enlarging fleets 40-50%, subjecting engines to stop-start duty cycles that halve traditional drain intervals. Operators now favor semi-synthetic 10W-40 and 5W-30 oils that deliver thermal stability under 14-hour workdays. A 2024 decree requiring platforms to publish vehicle maintenance records is enforcing OEM-grade lubricant adoption and accelerating market formalization.

Price-Sensitive Consumers Favoring Mineral Oils

Approximately 70% of vehicle owners prioritize upfront price, driving persistent demand for monograde 20W-50 and 15W-40 mineral oils that retail at 30-40% below synthetics. These oils deliver thinner gross margins and dilute premium-brand positioning in the Vietnam automotive lubricants market. Private-label brands imported from secondary refiners in China and India compound the erosion, often bypassing API licensing.

Other drivers and restraints analyzed in the detailed report include:

1. OEM Extended-Drain Interval Specifications
2. Rapid Growth of Ride-Hailing Motorbike Fleets
3. Growing Counterfeit Lubricant Trade

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Automotive Engine Oil captured 53.42% of the Vietnam automotive lubricants market share in 2025 as internal-combustion engines remained the default powertrain across passenger, commercial, and two-wheeler segments. The Vietnam automotive lubricants market size for automatic transmission fluids is projected to climb at a 4.71% CAGR through 2031, propelled by the spread of CVTs in models such as the Honda City and Toyota Vios. Semi-synthetic 10W-40 grades anchor fleet demand by extending drains without breaching cost ceilings. Brake Fluids and Greases remain niche but critical for safety-compliance audits now common among e-commerce fleets.

A convergence toward lower-viscosity 5W-30 and 0W-20 grades is emerging as OEM factory fills embrace fuel-efficiency mandates. Aftermarket riders, however, retain a preference for 10W-40 or 15W-40 mineral oils, reinforcing a dual-channel inventory challenge for distributors. Ministry of Transport guidelines added in 2024 now oblige workshops to stock API SN Plus or higher, nudging even budget clients toward better-performing synthetics.

Complete Report Scope:

• By Product Type
  • Automotive Engine Oil
    • 0W-XX
    • 5W-XX
    • 10W-XX
    • 15W-XX
    • Monogrades
    • Other Grades
  • Manual Transmission Fluids (MTF)
  • Automatic Transmission Fluids (ATF)
  • Brake Fluids
  • Automotive Greases
  • Other Product Types (Power Steering Fluid, etc.)
• By Vehicle Type
  • Passenger Vehicles
  • Commercial Vehicles
  • Two-Wheelers

List of Companies Covered in this Report:

1. AP SAIGON PETRO
2. BP p.l.c.
3. Chevron Corporation
4. Exxon Mobil Corporation
5. Fuchs Petrolub SE
6. GS Caltex Corporation
7. Idemitsu Kosan Co. Ltd
8. Mekong Petrochemical Jsc
9. Motul
10. Petrolimex (PLX)
11. PETRONAS Lubricants International
12. PVOIL
13. Repsol Vietnam
14. Shell Plc
15. TotalEnergies
16. Wolf Oil Corporation

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Two-wheeler dominance in urban mobility
  • 4.2.2 Surge in e-commerce logistics fleets
  • 4.2.3 OEM extended-drain interval specifications
  • 4.2.4 Rapid growth of ride-hailing motorbike rentals
  • 4.2.5 Government incentives for domestic blending capacity
• 4.3 Market Restraints
  • 4.3.1 Price-sensitive consumers favouring low-grade mineral oils
  • 4.3.2 Growing counterfeit lubricant trade
  • 4.3.3 Stricter environmental levy on used-oil disposal
• 4.4 Value Chain and Distribution Channel Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Threat of New Entrants
  • 4.5.2 Bargaining Power of Suppliers
  • 4.5.3 Bargaining Power of Buyers
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Industry Rivalry
• 4.6 Regulatory Framework
• 4.7 Automotive Industry Trends

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Product Type
  • 5.1.1 Automotive Engine Oil
    • 5.1.1.1 0W-XX
    • 5.1.1.2 5W-XX
    • 5.1.1.3 10W-XX
    • 5.1.1.4 15W-XX
    • 5.1.1.5 Monogrades
    • 5.1.1.6 Other Grades
  • 5.1.2 Manual Transmission Fluids (MTF)
  • 5.1.3 Automatic Transmission Fluids (ATF)
  • 5.1.4 Brake Fluids
  • 5.1.5 Automotive Greases
  • 5.1.6 Other Product Types (Power Steering Fluid, etc.)
• 5.2 By Vehicle Type
  • 5.2.1 Passenger Vehicles
  • 5.2.2 Commercial Vehicles
  • 5.2.3 Two-Wheelers

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)**/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Production Capacity, Strategic Information, Products and Services, and Recent Developments)
  • 6.4.1 AP SAIGON PETRO
  • 6.4.2 BP p.l.c.
  • 6.4.3 Chevron Corporation
  • 6.4.4 Exxon Mobil Corporation
  • 6.4.5 Fuchs Petrolub SE
  • 6.4.6 GS Caltex Corporation
  • 6.4.7 Idemitsu Kosan Co. Ltd
  • 6.4.8 Mekong Petrochemical Jsc
  • 6.4.9 Motul
  • 6.4.10 Petrolimex (PLX)
  • 6.4.11 PETRONAS Lubricants International
  • 6.4.12 PVOIL
  • 6.4.13 Repsol Vietnam
  • 6.4.14 Shell Plc
  • 6.4.15 TotalEnergies
  • 6.4.16 Wolf Oil Corporation

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-need Assessment