Mordor Intelligence

The Malaysia automotive lubricants market is projected to register a CAGR of 4.01% to reach 377.88 million liters by 2026. Petron Malaysia has a refinery plant at Port Dickson, which has a rated capacity of 88,000 barrels per day. Petron has a wide network of 700 service stations and other distributors across the country to distribute lubricants to various customers such as passenger and commercial vehicles and industrial.

The Malaysia passenger vehicles lubricants market is projected to register a CAGR of 3.91% to reach 183.05 million liters by 2026. The growth of the transmission oil consumption in the passenger vehicles (PVs) segment is likely to be driven by a rise in PV population due to supportive government policies, electric vehicle discounts, and a projected increase in sales of passenger cars with automatic transmissions.

The Asia-Pacific animal protein market is projected to register a CAGR of 3.77% to reach 3.51 billion USD in 2026. The F&B segment remained the largest consumer of animal proteins among other end-user segments. It was highly driven by snacks, beverages, and bakery, with volume shares of 27.18%, 23.10%, and 20.43%, respectively. However, beverages are projected to record the fastest CAGR value of 4.87% during the forecast period. In March 2021 Arla Foods Ingredients launched Lacprodan ISO. Clear, whey protein isolate was developed to fortify functional beverages without cloudiness, graininess, or off-taste. It has a protein content of 90%, offers high heat stability, and is clear in solution, making it suitable for pasteurized or UHT processed drinks.

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The Egypt passenger vehicle lubricants market is projected to register a CAGR of 2.98% to reach 90.24 million liters in 2026. Transmission oil consumption is predicted to be the highest among all product categories in the Egypt PV sector, as penetration of automatic cars and used cars are expected to rise. This growth is likely to be driven by the recovery of passenger car production and a recovery in the average distance traveled in the country.

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The global gelatin market is projected to register a CAGR of 3.30% to reach 2.15 billion USD in 2026. The marine-based gelatin sector is gaining popularity among manufacturers, as it uses around 30% of unwanted fish parts, promoting environmental sustainability. Also, fish gelatin has a relatively low-calorie content and is commonly used as a fat substitute. As a consequence, the category is expected to be the fastest-growing form in the market during the projected period, with a CAGR of 7.89%. Another important aspect supporting the use of marine-based gelatin is that gelatin absorption in swallowed fish is up to 1.5 times more efficient, indicating higher bioavailability when compared to other forms. By application, the F&B sector dominates the sector.

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The Indonesia passenger vehicles lubricants market is projected to register a CAGR of 6.10% to reach 150.12 million liters by 2026. The expected recovery in passenger vehicle usage, rising share of automatic cars and electric vehicles, and growth in active passenger vehicle population are expected to drive transmission oil consumption during 2021-2026.

The Malaysia automotive lubricants market is projected to register a CAGR of 4.01% to reach 377.88 million liters by 2026. Petron Malaysia has a refinery plant at Port Dickson, which has a rated capacity of 88,000 barrels per day. Petron has a wide network of 700 service stations and other distributors across the country to distribute lubricants to various customers such as passenger and commercial vehicles and industrial.

Various Asian governments, including India and China, have provided significant economic incentives for dumping old diesel cars and replacing them with electric vehicles. Over the last five years, the number of charging stations for electric vehicles has increased significantly in China and Japan. This trend is expected to continue during the forecast period. As a result, the passenger vehicle population in Asia-Pacific is expected to witness a CAGR of 4.75% between 2021 and 2026.

The South American automotive lubricants market is projected to register a CAGR of 3.20% to reach 1.72 billion liters by 2026. In the South American region, automotive lubricant consumption is the highest in Brazil, followed by Argentina and Colombia. In 2020, Brazil accounted for about 60% of the total automotive lubricant consumption in the region, whereas Argentina and Colombia accounted for shares of around 11.14% and 6.97%, respectively.

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Germany plant protein market is projected to register a CAGR of 3.73% to reach 484.07 million USD by 2026. Among all the plant protein types, pea proteins are anticipated to grow at the fastest growth rate of 12.59%, by value, during the forecast period. In the bakery segment, the pea protein demand is projected to increase with the fastest growth rate of 3.72% during (2021 - 2026), since it fills a range of needs in baked goods.

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The Russian lubricants market is projected to register a CAGR of 2.32% to reach 1.34 billion liters by 2026. Due to the increasing use of machinery in sectors like mining, construction, and agriculture, heavy equipment is the fastest-growing end-user of lubricants in the country.

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The Malaysia passenger vehicle lubricants market is projected to register a CAGR of 3.91% to reach 183.05 million liters by 2026. The growth of the transmission oil consumption in the passenger vehicles (PVs) segment is likely to be driven by a rise in the PV population due to supportive government policies, electric vehicle discounts, and a projected increase in sales of passenger cars with automatic transmission.

The Europe animal protein market is projected to register a CAGR of 3.37% to reach 2.44 billion USD by 2026. The European sports nutrition market is witnessing steady growth rates due to the rising consumer inclination toward fitness trends and healthy lifestyles. Over the forecast period, the number of members in health and fitness clubs in Europe hiked by more than 20%, portraying a vast opportunity in the fitness industry, including sports and performance nutrition.

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The Bulgaria commercial vehicle lubricants market is projected to register a CAGR of 3.00% to reach 6.83 million liters in 2026. Foreign players like Royal Dutch Shell also have a strong presence and consumer preference in the market due to recognition from major OEMs in the country and region. The company has an extensive presence at different points of sale throughout the country through its distributor Orbico. Though the adoption of electric vehicles in the commercial vehicles sector is still low compared to the passenger vehicles sector, it is growing at a steady rate. Hence, several major players in the market are launching lubricant products specifically targeted at electric commercial vehicles.

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The Uae passenger vehicles lubricants market is projected to register a CAGR of 2.72% to reach 70.94 million liters in 2026. A used car consumes more engine oil than a new car. As a result, the drop in PV engine oil in the UAE was still better than in countries with a higher proportion of new cars. Used cars cost 30-40% less than new cars in the UAE. As a result, rising retail showrooms for used cars in the UAE are likely to drive sales and raise the consumption of PV engine oil in the coming years.

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Did you know that as hydrolyzed whey protein is less expensive, it is gaining popularity among global manufacturers who want to make a low-cost product that appeals to a wider audience?

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Did you know that in the global soy protein market the rising consumer focus on health and sports fitness is anticipated to drive the soy protein segment? Among all, soy preference in the sector propels segmental growth.

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