Showing posts with label Cutting Oil Market In Malaysia. Show all posts
Showing posts with label Cutting Oil Market In Malaysia. Show all posts

Thursday, October 17, 2019

Demand for Industrial Lubricants in Malaysia Driven by Mounting Foreign Investments, Increased Number of Establishments and Increased Demand in End User Industries: Ken Research


“The National Policy on Industry designed by government of Malaysia, which is also called as Industry4WRD, is aimed at making the manufacturing sector rely more on technology and less on capital and labour to increase the overall productivity. The Gross Value Added by manufacturing sector in 2018 was about MYR 334 Billion thereby recording a growth rate of about 4% during 2018 and is expected to increase to approximately MYR 455 Billion by 2023”.


Boost in Foreign Investments: The new Malaysian government has focused on encouraging foreign investments and entrepreneurships into the country through various schemes and initiatives. These initiatives attracted new foreign investments in the manufacturing sector such as MYR 11.7 billion from United States, MYR 4.8 billion from China and MYR 3.1 billion from Singapore in the last 2-3 years. These investments in manufacturing sectors led to overall increase in production and capacity expansion, thereby leading to increased demand for industrial lubricants in the country.

Rising Investment in Construction Sector: With an aim to make Malaysia a developed nation by 2020, the government of Malaysia has been investing in many construction and infrastructure development projects in the country. Some of the construction projects which have been initiated and are anticipated to be completed in next 5-7 years include Kuala Lumpur to Singapore High Speed Rail, Pan-Borneo Highway, Forest City, Kuantan port expansion. These and similar other construction projects have led to increase in demand for industrial lubricants in the country and are projected to drive future growth as well.

Competition Landscape:  The players in Malaysia industrial lubricants market are highly competitive and majorly compete on parameters such as price, quality, after sales support, terms of payment, distribution network and product portfolio and specification/grade. In terms of market share, the market has been dominated by international player, Shell, followed by national oil and gas company of Malaysia PETRONAS. With an approximate number of players (manufacturers, importers etc.) to be in the range of 100-150 and there is further anticipation for emergence of new players in the market in coming years owing to positive growth potential.

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

For more information on the research report, refer to below link:-

Related Reports:-


Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249