Download Free Sample
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Indonesia Lubricants Market: By Base Oil, By Product Type By End User and Country
Indonesia Lubricants Market: By Base Oil, By Product Type By End User and Country
Indonesia Lubricants Market size was valued at US$ 903.2 million in 2023 and is poised to grow at a CAGR of x% from 2024-2030. The global market report provides a thorough overview, which can be segmented by base oil, product type, and end user. By base oil, the market has been segmented into biobased oil, mineral oil, and synthetic oil. The synthetic oil segment can be estimated to grow the most in the forecast period owing to the advanced technology used in oil manufacturing and the advanced functionality these types of oil provide.
Moreover, the mineral oil segment is also about to experience a considerable amount of growth due to its widespread application range and availability of more variants. Based on product type, the Indonesia Lubricants market is segmented into Compressor oil, Engine Oil, Gear Oil, Grease, Hydraulic fluid, Metalworking fluid, Turbine Oil, and Others. Grease has widespread applications in different machines and is estimated to hold the leading position in the lubricants market. Hydraulic fluid, metal working fluid, and turbine oil are advanced technology products derived from previously used lubricants. They provide some extra functionality than the other previous generation lubricant, which can be estimated to witness a demand increase in near future. Based on the end user, the segment has been segregated into Transportation, Industrial, and marine. The transportation segment is anticipated to witness the most growth, followed by marine application.
Increased sophistication in the machines cause increased demand for more sophisticated and advanced technology lubrication for these machines. As lubrication is mandatory requirement for all type of machine, thus, it will boost the demand for more technologically advanced lubricants.
|
Report Benchmarks |
Details |
|
Market Size in 2023 |
US$ 903.2 million |
|
By Base Oil |
|
|
By Product Type |
|
|
By End User |
|
Download Free Sample Report
According to an analysis by PBI, grease, metalworking fluid, turbine oils are the potential segment that is about to witness considerable amounts of growth. Due to flourishing automobile industry, the engine oil segment is expected to grow the most. Other than that the metalworking oils and the turbine oils are advanced technology oils that will get its demand as the auto machines will get sophisticated gradually with the advancement of automobile technology
CASTROL LIMITED, Chevron Corporation, Exxon Mobil Corporation, PT. Idemitsu Lube Indonesia, PT Fuchs Lubricants Indonesia, PT Pertamina Lubricants, Repsol Indonesia, Royal Dutch Shell PLC.
Advanced technology lubrication is currently on trend; with the transition from IC engine to battery, the type of lubrication needed for those cars is different, and those are synthesized in various formulations. Besides cars, expanding industries will also need synthetic lubricants as the machines become more sophisticated. Further, with the increased traffic jam on roads due to personal transport vehicles, the governments are pushing to use public transport more. Thus, this increase in public transport utilization will increase demand for lubricants in the near future.
Some significant issues impeding the growth of the worldwide lubricants market's revenue include the rising popularity of hybrid and electric vehicles, long-term restrictions on grease lubricants, and the unfavourable impact of lubricants on the environment. The use of electric vehicles has grown dramatically over time, which has resulted in a decline in the demand for engine oils and other lubricants. Additionally, China already accounts for 16% of the worldwide market for electric cars, with over 3,300 new cars expected to be registered there in 2021. Grease has a number of disadvantages when used as an industrial lubricant, including a short shelf life on lubricating surfaces and a poor cooling capacity, both of which are projected to reduce consumer demand for grease.
| 1. Executive Summary |
| 2. Indonesia Lubricants Market Introduction |
| 2.1. Indonesia Lubricants Market Taxonomy |
| 2.2. Indonesia Lubricants Market Definitions |
| 2.2.1. Base Oil |
| 2.2.2. Product Type |
| 2.2.3. End User |
| 3. Indonesia Lubricants Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Indonesia Lubricants Market Dynamic Factors - Impact Analysis |
| 3.6. Indonesia Lubricants Market Competition Landscape |
| 4. Indonesia Lubricants Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Indonesia Lubricants Market, By Base Oil, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Bio-based Oil |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Mineral Oil |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Synthetic Oil |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Indonesia Lubricants Market Forecast, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Compressor oil |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Engine Oil |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Gear Oil |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Grease |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Hydraulic fluid |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Metalworking fluid |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Turbine Oil |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Transformer Oil |
| 6.8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.1.3. Market Opportunity Analysis |
| 6.8.2. Refrigeration Oil |
| 6.8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.2.3. Market Opportunity Analysis |
| 6.8.3. Textile Machinery Lubricants |
| 6.8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3.3. Market Opportunity Analysis |
| 7. Indonesia Lubricants Market, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Transportation |
| 7.1.1. Aviation |
| 7.1.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.1.3. Market Opportunity Analysis |
| 7.1.2. Commercial vehicles |
| 7.1.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.2.3. Market Opportunity Analysis |
| 7.1.3. Marine |
| 7.1.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3.3. Market Opportunity Analysis |
| 7.1.4. Passenger vehicles |
| 7.1.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.4.3. Market Opportunity Analysis |
| 7.1.5. Railways |
| 7.1.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.5.3. Market Opportunity Analysis |
| 7.2. Industrial |
| 7.2.1. Automobile Manufacturing |
| 7.2.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.1.3. Market Opportunity Analysis |
| 7.2.2. Cement Production |
| 7.2.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.2.3. Market Opportunity Analysis |
| 7.2.3. Chemical |
| 7.2.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3.3. Market Opportunity Analysis |
| 7.2.4. Construction |
| 7.2.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.4.3. Market Opportunity Analysis |
| 7.2.5. Food Processing |
| 7.2.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.5.3. Market Opportunity Analysis |
| 7.2.6. Mining & Metal |
| 7.2.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.6.3. Market Opportunity Analysis |
| 7.2.7. Oil & Gas |
| 7.2.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.7.3. Market Opportunity Analysis |
| 7.2.8. Power Generation |
| 7.2.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.8.3. Market Opportunity Analysis |
| 7.2.9. Textile |
| 7.2.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.9.3. Market Opportunity Analysis |
| 7.2.10. Others |
| 7.2.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.10.3. Market Opportunity Analysis |
| 8. Competition Landscape |
| 8.1. Strategic Dashboard of Top Market Players |
| 8.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 8.2.1. CASTROL LIMITED |
| 8.2.2. Chevron Corporation |
| 8.2.3. Exxon Mobil Corporation |
| 8.2.4. PT. Idemitsu Lube Indonesia |
| 8.2.5. PT Fuchs Lubricants Indonesia |
| 8.2.6. PT Pertamina Lubricants |
| 8.2.7. Repsol Indonesia |
| 8.2.8. Royal Dutch Shell PLC |
| 9. Research Methodology |
| 10. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.