越南潤滑油市場：市場佔有率分析、產業趨勢與統計、成長預測（2026-2031）

根據 Mordor Intelligence 估計，越南潤滑油市場規模在 2026 年將達到 3.9856 億公升，高於 2025 年的 3.802 億公升，預計到 2031 年將達到 5.0444 億公升。

預計從 2026 年到 2031 年，其複合年成長率將達到 4.83%。

本報告基油產品類型（汽車引擎油、工業引擎油、變速箱油、齒輪油、煞車油、液壓油、潤滑脂等）、終端用戶產業（汽車、船舶、航太、重型機械、工業）和基礎油類型（礦物油、合成油、半合成油、生物基油）進行細分。市場預測以體積（公升）為單位。

越南潤滑油市場趨勢及洞察

車輛擁有量的增加和摩托車的優勢

越南的產業政策目標是到2030年將乘用車和摩托車的年銷量提高到約100萬至110萬輛。摩托車在車輛總量中仍佔很大比例，並且是內燃機（需要頻繁更換機油）的重要市場。 2024年，電動機車在新註冊摩托車中佔比相當高，但人們對城市以外地區續航里程的擔憂，為礦物油和半合成機油產品的持續需求提供了基礎。摩托車的定期保養週期，加上可支配收入的增加，繼續推動機油和變速箱油銷售量的成長。

製造業加速工業化和外商直接投資（FDI）擴張

2024年上半年，製造業外商直接投資（FDI）達152億美元，其中加工和電子製造廠佔比超過三分之二。這筆資金的注入推動了新型機械設備的引進，這些設備需要使用液壓油、齒輪油和金屬加工液等，以延長更換週期並減少停機時間。海防、北寧和同奈等地的工業園區對符合全球供應鏈審核標準的OEM認證潤滑油的需求日益成長。因此，對合成潤滑油潤滑油和生物基潤滑油的需求不斷增加，這將推動高級產品在預測期內的整體市場滲透率。

基礎油進口價格波動

由於越南大部分必需基礎油嚴重依賴進口，當地調配商極易受到全球原油價格波動的影響。 2024年II類基礎油現貨價格的急劇上漲擠壓了利潤空間，導致大多數黏度等級的零售價格上漲。庫存信貸額度有限的獨立調配商難以將成本轉嫁給消費者，並面臨著被大力推廣的國際品牌搶佔銷售量佔有率的風險。因此，一些經銷商減少了本地庫存，導致三線城市出現零星的供應短缺，直到供應合約恢復正常。

細分市場分析

到2025年，汽車引擎油將佔據37.90%的市場佔有率，這鮮明地反映了越南以摩托車為主導的交通運輸格局。在越南，註冊摩托車數量高達7,700萬輛，二行程和四衝程引擎機油均需滿足這些需求。工業機油是成長最快的產品類型，預計到2031年將以5.22%的複合年成長率成長，這主要得益於新建燃氣發電和可再生能源發電專案的推動。這項需求主要源自於原始設備製造商（OEM）對低灰配方的要求，這種配方可延長維護週期。變速箱油預計將受益於乘用車自動變速箱的日益普及，而齒輪油的需求預計將隨著輕型商用車和物流車輛數量的成長而成長。

隨著三星和富士康的供應商加大對精密加工的投資，對金屬加工液的需求不斷成長，而Master Fluid Solutions的本地分銷網路也為這一趨勢提供了支持。越南電力發展計畫的目標是到2030年實現29%的可再生能源發電裝置容量，這為特種流體創造了極具吸引力的市場機遇，也帶動了渦輪機油和變壓器油的穩定成長。整體而言，產品結構正朝著能夠應對先進設備高負載、高溫運作條件的高性能合成油方向發展。

其他好處：

• Excel格式的市場預測（ME）表
• 3個月的分析師支持

目錄

第1章：引言

• 研究假設和市場定義
• 調查範圍

第2章：調查方法

第3章執行摘要

第4章 市場狀況

• 市場概覽
• 市場促進因素
  • 汽車保有量的增加和摩托車的優勢
  • 製造業加速工業化和外商直接投資（FDI）擴張
  • 過渡到合成潤滑油和高性能潤滑油
  • 外資汽車零件工廠的擴張
  • 跨境電商物流車輛的擴張
• 市場限制因素
  • 基礎油進口價格波動
  • 電動機車的迅速普及
  • 加強廢油處置相關法規
• 價值鏈分析
• 法律規範
• 終端用戶趨勢
  • 汽車產業
  • 製造業
  • 發電業
• 波特五力模型

第5章 市場規模與成長預測

• 依產品類型
  • 汽車引擎油
  • 工業機油
  • 變速箱油
  • 齒輪油
  • 煞車油
  • 油壓
  • 潤滑脂
  • 加工油（包括橡膠加工油和白油）
  • 金屬加工潤滑劑
  • 渦輪機油
  • 變壓器油
  • 其他
• 按最終用戶行業分類
  • 車
    • 搭乘用車
    • 商用車輛
    • 摩托車
  • 船
  • 航太
  • 重型機械
    • 建造
    • 礦業
    • 農業
  • 產業
    • 發電
    • 冶金/金屬加工
    • 紡織品
    • 石油和天然氣
    • 其他
• 依基油類型
  • 礦物油基
  • 合成油
  • 半合成油
  • 生物基

第6章 競爭情勢

• 市場集中度
• 策略趨勢
• 市佔率和排名分析
• 公司簡介
  • AP SAIGON PETRO
  • BP plc
  • Chevron Corporation
  • ENEOS Vietnam Company Limited.
  • Exxon Mobil Corporation
  • Fuchs Petrolub SE
  • Idemitsu Kosan Co. Ltd
  • Lubrizol
  • Mekong Petrochemical JSC
  • Motul
  • Nikko Lubricant Vietnam.
  • Petrolimex（PLX）
  • PETRONAS Lubricants International
  • PVOIL
  • Shell plc
  • SK Enmove Ltd
  • T&T Viet Nam Lubricants Co.,LTD.
  • TotalEnergies

第7章 市場機會與未來展望

第8章：執行長面臨的關鍵策略挑戰

According to Mordor Intelligence, Vietnam lubricants market size in 2026 is estimated at 398.56 million liters, growing from 2025 value of 380.20 million liters with 2031 projections showing 504.44 million liters, growing at 4.83% CAGR over 2026-2031.

This report is Segmented by Product Type (Automotive Engine Oil, Industrial Engine Oil, Transmission Fluids, Gear Oil, Brake Fluids, Hydraulic Fluids, Greases, and More), End-User Industry (Automotive, Marine, Aerospace, Heavy Equipment, and Industrial), and Base Stock Type (Mineral Oil-Based, Synthetic, Semi-Synthetic, and Bio-Based). The Market Forecasts are Provided in Terms of Volume (Litres).

Vietnam Lubricants Market Trends and Insights

Rising Vehicle Parc and Two-Wheeler Dominance

Vietnam's industrial policy aims to achieve annual passenger-car and two-wheeler sales of approximately 1.0-1.1 million units by 2030. Two-wheelers still account for the majority of the vehicle fleet, preserving a large base of internal-combustion engines that require frequent oil changes. Although electric motorcycles accounted for a significant portion of new two-wheeler registrations in 2024, range anxiety outside urban cores continues to underpin sustained demand for mineral oil and semi-synthetic products. Regular maintenance cycles associated with motorcycles, combined with rising disposable incomes, continue to anchor volume growth for engine oils and transmission fluids.

Accelerating Industrialization and FDI Manufacturing Growth

Manufacturing FDI reached USD 15.2 billion in the first six months of 2024, with processing and electronics plants accounting for more than two-thirds of the inflows. These capital injections translate into machinery installations that demand hydraulic, gear, and metalworking fluids engineered for longer drain intervals and lower downtime. Industrial parks in Hai Phong, Bac Ninh, and Dong Nai require OEM-approved lubricants that comply with global supply-chain audit standards. The resulting pull for synthetic and bio-based lubricants helps lift overall premium-product penetration through the forecast window.

Base-Oil Import Price Volatility

Vietnam imports the majority of its base-oil requirement, exposing local blenders to global crude swings. A spike in Group II base-oil spot prices in 2024 compressed margins and led to retail price hikes across most viscosity grades. Independent blenders with limited inventory credit struggled to pass on costs, risking volume losses to heavily promoted international brands. As a result, some distributors trimmed rural stock levels, causing sporadic shortages in tier-3 cities until supply contracts normalized.

Other drivers and restraints analyzed in the detailed report include:

1. Shift Toward Synthetic and Higher-Performance Lubricants
2. Growth of Foreign-Invested Auto-Component Plants
3. Rapid Rise of Electric Motorcycles

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

Segment Analysis

In 2025, automotive engine oil commands a 37.90% share of the market, underscoring Vietnam's transportation landscape, which is heavily skewed towards motorcycles. Here, both 2-stroke and 4-stroke engine oils cater to a staggering 77 million registered two-wheelers. Industrial engine oil is the fastest-growing product category, expanding at a 5.22% CAGR through 2031, driven by new gas-fired and renewable power projects. The demand is driven by OEM requirements for low-ash formulations that enable longer maintenance intervals. Transmission fluids are expected to benefit from increased automatic-transmission penetration in passenger cars, while gear oil demand is expected to align with the expansion of light-commercial and logistics fleets.

Metalworking fluids escalate in tandem with precision-machining investments by Samsung and Foxconn suppliers, and Master Fluid Solutions' localized distribution underscores this trend. Turbine and transformer oils are experiencing steady growth as Vietnam's Power Development Plan targets a 29% renewable capacity by 2030, creating specialty-fluid opportunities that offer attractive margins. Overall, the product mix is tilting toward higher-performance synthetics that accommodate high-load, high-temperature operating conditions in modern equipment.

Complete Report Scope:

• By Product Type
  • Automotive Engine Oil
  • Industrial Engine Oil
  • Transmission Fluids
  • Gear Oil
  • Brake Fluids
  • Hydraulic Fluids
  • Greases
  • Process Oil (Including Rubber Process Oil and White Oil)
  • Metalworking Fluids
  • Turbine Oil
  • Transformer Oil
  • Other Product Types
• By End-user Industry
  • Automotive
    • Passenger Vehicles
    • Commercial Vehicles
    • Two-Wheelers
  • Marine
  • Aerospace
  • Heavy Equipment
    • Construction
    • Mining
    • Agriculture
  • Industrial
    • Power Generation
    • Metallurgy and Metalworking
    • Textiles
    • Oil and Gas
    • Other End-Use Industries
• By Base Stock Type
  • Mineral Oil-Based Lubricants
  • Synthetic Lubricants
  • Semi-Synthetic Lubricants
  • Bio-Based Lubricants

List of Companies Covered in this Report:

1. AP SAIGON PETRO
2. BP p.l.c.
3. Chevron Corporation
4. ENEOS Vietnam Company Limited.
5. Exxon Mobil Corporation
6. Fuchs Petrolub SE
7. Idemitsu Kosan Co. Ltd
8. Lubrizol
9. Mekong Petrochemical JSC
10. Motul
11. Nikko Lubricant Vietnam.
12. Petrolimex (PLX)
13. PETRONAS Lubricants International
14. PVOIL
15. Shell plc
16. SK Enmove Ltd
17. T&T Viet Nam Lubricants Co.,LTD.
18. TotalEnergies

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 Rising vehicle parc and two-wheeler dominance
  • 4.2.2 Accelerating industrialisation and FDI manufacturing growth
  • 4.2.3 Shift toward synthetic/higher-performance lubricants
  • 4.2.4 Growth of foreign-invested auto-component plants
  • 4.2.5 Expansion of cross-border e-commerce logistics fleets
• 4.3 Market Restraints
  • 4.3.1 Base-oil import price volatility
  • 4.3.2 Rapid rise of electric motorcycles
  • 4.3.3 Stricter used-oil disposal rules
• 4.4 Value Chain Analysis
• 4.5 Regulatory Framework
• 4.6 End-User Trends
  • 4.6.1 Automotive Industry
  • 4.6.2 Manufacturing Industry
  • 4.6.3 Power Generation Industry
• 4.7 Porter's Five Forces
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Degree of Competition

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Product Type
  • 5.1.1 Automotive Engine Oil
  • 5.1.2 Industrial Engine Oil
  • 5.1.3 Transmission Fluids
  • 5.1.4 Gear Oil
  • 5.1.5 Brake Fluids
  • 5.1.6 Hydraulic Fluids
  • 5.1.7 Greases
  • 5.1.8 Process Oil (Including Rubber Process Oil and White Oil)
  • 5.1.9 Metalworking Fluids
  • 5.1.10 Turbine Oil
  • 5.1.11 Transformer Oil
  • 5.1.12 Other Product Types
• 5.2 By End-user Industry
  • 5.2.1 Automotive
    • 5.2.1.1 Passenger Vehicles
    • 5.2.1.2 Commercial Vehicles
    • 5.2.1.3 Two-Wheelers
  • 5.2.2 Marine
  • 5.2.3 Aerospace
  • 5.2.4 Heavy Equipment
    • 5.2.4.1 Construction
    • 5.2.4.2 Mining
    • 5.2.4.3 Agriculture
  • 5.2.5 Industrial
    • 5.2.5.1 Power Generation
    • 5.2.5.2 Metallurgy and Metalworking
    • 5.2.5.3 Textiles
    • 5.2.5.4 Oil and Gas
    • 5.2.5.5 Other End-Use Industries
• 5.3 By Base Stock Type
  • 5.3.1 Mineral Oil-Based Lubricants
  • 5.3.2 Synthetic Lubricants
  • 5.3.3 Semi-Synthetic Lubricants
  • 5.3.4 Bio-Based Lubricants

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, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 AP SAIGON PETRO
  • 6.4.2 BP p.l.c.
  • 6.4.3 Chevron Corporation
  • 6.4.4 ENEOS Vietnam Company Limited.
  • 6.4.5 Exxon Mobil Corporation
  • 6.4.6 Fuchs Petrolub SE
  • 6.4.7 Idemitsu Kosan Co. Ltd
  • 6.4.8 Lubrizol
  • 6.4.9 Mekong Petrochemical JSC
  • 6.4.10 Motul
  • 6.4.11 Nikko Lubricant Vietnam.
  • 6.4.12 Petrolimex (PLX)
  • 6.4.13 PETRONAS Lubricants International
  • 6.4.14 PVOIL
  • 6.4.15 Shell plc
  • 6.4.16 SK Enmove Ltd
  • 6.4.17 T&T Viet Nam Lubricants Co.,LTD.
  • 6.4.18 TotalEnergies

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-Need Assessment

8 Key Strategic Questions for CEOs