The report titled “Malaysia Industrial Lubricants Market Outlook to 2023 – By Origin (Mineral Lubricants, Semi-Synthetic Lubricants and Synthetic Lubricants), By Industrial Lubricants (Hydraulic Oils, Industrial Greases, Metal Working Fluid/Cutting Oil, Industrial Gear Oil, Turbine Oil, Compressor Oil and Others), By End Users (Construction & Mining, General Manufacturing, Power Generation, Metal Production, Food Processing, Cement Industry and Others), By Distribution Channel (Direct Sales and Dealer Network)” covers market size by sales value and volume of industrial lubricants in Malaysia along with market segmentation by origin, by type of industrial lubricant, by end user industries, by distribution channel, by origin of sales and by type of packaging. The report also covers emerging growth drivers and trends; issues and challenges; decision making parameters; and competitive landscape of major players in the market with special focus on Idemitsu, PETRONAS, Polilube Italia, Shell, Chevron, TOTAL, ExxonMobil and BP Castrol. The interpretation explores detailed analysis of end user industries in Malaysia including mining, construction, power generation, manufacturing, metal production, steel production, and cement industry, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the reader.
Malaysia Industrial Lubricants Market Overview:
Malaysia industrial lubricants market has been observed to be in growth phase and the industry is meeting demand expectations of every end user industry majorly by importing base oil from foreign countries and domestically producing industrial lubricants in the country. During 2013 to 2018, the market experienced a cumulative growth rate of about 3% owing to factors such as increasing demand from end user industries, new industrial policies, introduction of bio based lubricants, increase in number of players in the market and others similar factors.
Malaysia Industrial Lubricants Market Segmentation:
By Origin (Mineral Lubricant, Semi-Synthetic Lubricant and Synthetic Lubricant): Due to low cost and easy availability, mineral based lubricants were observed to dominate the market followed by semi synthetic and synthetic lubricants with respect to total sales volume in the country.
By Type of Industrial Lubricants (Hydraulic Oils, Industrial Greases, Metal working Fluid/Cutting Oil, Gear Oil, Turbine Oil, Compressor Oil and Others): In 2018, Hydraulic Oil occupied largest share in total sales volume of industrial lubricants in Malaysia owing to usage in multiple end user industries including mining, construction, power generation and others. In terms of market share basis sales volume, hydraulic oil was followed by turbine oil with major application areas including power generation, marine, shipping, aviation and others.
By End User Industries (Construction & Mining, General Manufacturing, Power Generation, Metal Production, Food Processing, Cement Industry and Others): Construction and Mining, being one of the major activities in Malaysia occupy highest share in terms of sales volume of industrial lubricants in the country, it was followed by General Manufacturing with usage in manufacturing of paper, plastic, rubber, textile, automotives and others. Industrial lubricants which are highly demanded in these segments include hydraulic oil, industrial greases and compressor oil. Other industrial end users include cement industry, power generation, metal production and food processing who occupied the rest of the market share in the country.
By Sales Channel: Industrial Lubricants in Malaysia are mainly distributed through two channels, i.e. direct sales and through dealer networks. Major players such Shell, TOTAL, Idemitsu, Chevron and others mainly undertake their sales through both direct and indirect channels depending upon the end user industry, they are serving. In Malaysia, dealer network is most preferred channel of sales followed by direct sales.
By Type of Packaging: Barrels & Drums with a holding capacity of 200-210 liters were observed to dominate the market in terms of sales volume owing to the fact that industrial lubricants are mostly demanded in large quantities therefore end users mostly demand drums as their preferred mode of packaging. Apart of this, small packets with holding capacity of 20 liters or 18 kg were the second most preferred form packaging.
By Origin of Sales: In Malaysia, Kuala Lumpur, Sabah and Sarawak region were observed to be the three main sales clusters. With most of the manufacturing facilities located in Kuala Lumpur, it occupies the highest share in terms of sales volume of industrial lubricants in Malaysia. Sabah and Sarawak region are mostly used as import destinations with distribution networks spread across the country.
Competitive Landscape in Malaysia Industrial Lubricants Market:
The competition in Malaysia industrial lubricants market is concentrated with major players including PETRONAS, Shell, TOTAL dominating the market with major competing parameters including price, quality, after sales support, distribution network and others. With major end user industries located in Perak, Johor, Kuala Lumpur and Pahang, majority of industrial lubricants sales were observed in these areas. The major parameters on the basis of which the players in the market compete with each other are product price, product quality, after sale services, marketing strategies, product range and specification/technical grade, distribution network and terms of payment.
Malaysia Industrial Lubricant Market Future Outlook and Projections:
Over the forecast period of 2019-2023, the Malaysia Industrial Lubricants market is expected to grow in terms of both sales value and sales volume. Major factors expected to contribute to growth include increasing demand through upcoming construction projects in Malaysia, boost in foreign investments, revival of tin mining and others. The sales volume is expected to further increase with entry of new domestic and international players in the market as well.
Key Segments Covered:-
Malaysia Industrial Lubricants Market
By Origin
Mineral Lubricant
Semi Synthetic Lubricant
Synthetic Lubricant
By Type of Industrial Lubricants
Hydraulic Oil
Industrial Greases
Metal working Fluid/Cutting Oil
Gear Oil
Turbine Oil
Compressor Oil
Others
By Industrial End Users
Construction & Mining
General Manufacturing
Power Generation
Metal Production
Food Processing
Cement Industry
Other End Users
By Sales Channel
Direct Sales
Dealer Network
By Origin of Sales
Kuala Lumpur
Sabah
Sarawak
By Type of Packaging
Barrels & Drums
Small Packs
IBC (Intermediate Bulk Containers)
Key Target Audience:-
Industrial Lubricant Manufacturers
Industrial Lubricant Importers
Industrial Lubricant Distributors
Government and Regulatory Authority
Construction Companies
Textile Companies
Cement Companies
Mining Companies
Paper and Pulp Manufacturers
Power Generation Companies
Steel Manufacturers
Investors and VC Firms
Time Period Captured in the Report:-
Historical Period: 2013- 2018
Forecast Period: 2019E – 2023E
Companies Covered:-
Idemitsu (Malaysia) Lube Sdn. Bhd.
PETRONAS Lubricants Marketing Malaysia Sdn
Polilube Italia Sdn. Bhd.
Shell Malaysia Ltd.
Chevron Malaysia Limited
TOTAL Oil Malaysia
ExxonMobil Exploration & Production Malaysia Inc.
BP Castrol Lubricants (Malaysia) Sdn Bhd
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Malaysia Industrial Lubricants Market Overview and Genesis
Malaysia Industrial Lubricants Market Ecosystem
Value Chain Analysis in Malaysia Industrial Lubricants Market
Malaysia Industrial Lubricants Market Size, 2013-2018
Malaysia Industrial Lubricants Market Segmentation
Regulatory Landscape in Malaysia Industrial Lubricants Market
Trends And Developments in Malaysia Industrial Lubricants Market
Issues And Challenges in Malaysia Industrial Lubricants Market
End User Analysis in Malaysia Industrial Lubricants Market
Competitive Landscape in Malaysia Industrial Lubricants Market
Malaysia Industrial Lubricants Market Future Outlook and Projections, 2018-2023E
Analyst Recommendations
For more information on the research report, refer to below link:-
Malaysia Industrial Lubricants Market
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