Thailand Base Oil Market Size & Outlook, 2021-2030
The base oil market in Thailand is expected to reach a projected revenue of US$ 1,458.4 million by 2030. A compound annual growth rate of 6.6% is expected of Thailand base oil market from 2022 to 2030.
Revenue, 2021 (US$M)
$819.7
Forecast, 2030 (US$M)
$1,458.4
CAGR, 2022 - 2030
6.6%
Report Coverage
Thailand
Thailand base oil market, 2018-2030 (US$M)
Related Markets
Thailand base oil market highlights
- The Thailand base oil market generated a revenue of USD 819.7 million in 2021 and is expected to reach USD 1,458.4 million by 2030.
- The Thailand market is expected to grow at a CAGR of 6.6% from 2022 to 2030.
- In terms of segment, group i was the largest revenue generating product in 2021.
- Group V is the most lucrative product segment registering the fastest growth during the forecast period.
Base oil market data book summary
| Market revenue in 2021 | USD 819.7 million |
| Market revenue in 2030 | USD 1,458.4 million |
| Growth rate | 6.6% (CAGR from 2021 to 2030) |
| Largest segment | Group i |
| Fastest growing segment | Group V |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Group I, Group II, Group III, Group IV, Group V |
| Key market players worldwide | China Petroleum & Chemical Corp Class H, Petronas Chemicals Group Bhd, PetroChina Co Ltd Class H, Exxon Mobil Corp, Chevron Corp, Shell PLC, BP PLC, The Goldman Sachs Group Inc, Nestle SA, Repsol SA |
Other key industry trends
- In terms of revenue, Thailand accounted for 4.0% of the global base oil market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China base oil market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,458.4 million by 2030.
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Base Oil Market Scope
Base oil market segmentation & scope
Base Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Thailand base oil market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to base oil market will help companies and investors design strategic landscapes.
Group i was the largest segment with a revenue share of 41.5% in 2021. Horizon Databook has segmented the Thailand base oil market based on group i, group ii, group iii, group iv, group v covering the revenue growth of each sub-segment from 2018 to 2030.
- Thailand Base Oil Product Outlook (Revenue, USD Million, 2018-2030)
- Group I
- Group II
- Group III
- Group IV
- Group V
- Thailand Base Oil Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive Oils
- Process Oils
- Hydraulic Oils
- Metalworking Fluids
- Industrial Oils
- Others
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Target buyers of Thailand base oil market databook
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Our clientele includes a mix of base oil market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Thailand base oil market , including forecasts for subscribers. This country databook contains high-level insights into Thailand base oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Thailand base oil market outlook size, by product, 2018-2030 (US$M)
Thailand Base Oil Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
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