As of 2020, presence of over 30 Mn vehicles on road in Malaysia, which is increasing year on year, Will the Malaysia Lubricant market will be able to support it?

1.With more than 32 million vehicles on road in 2020, Malaysia is the 3^rd largest Automotive Industry in SEA – Region

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• Vehicle sales volume is expected to grow due to factors including lower interest rates for loans to buy cars and introduction of new vehicle models such as Electric Vehicles (EV) indicating demand for Automotive Lubricants in Malaysia.
• Engine oil in motorcycle, passenger car is usually changed after travelling 3,000-6,000 km, 3,000-10,000 km.
• Motorcycle and passenger car have engine oil tank capacity of ~1L and 4L respectively.

2.As compared to its neighbours, Malaysia has a much greater percentage of vehicle ownership.

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• Malaysia has higher vehicle ownership than its neighboring countries in the region. The car ownership per 1000 population in Malaysia is 353 cars. This is higher than in Thailand (243), Indonesia (77) and Singapore (94).
• The Malaysian automotive industry is the third largest in Southeast Asia, and the 23rd largest in the world, with an annual production output of over 500,000 vehicles.

3.Malaysia is a regional leader in consumption of synthetic and semi-synthetic passenger car motor oils.

• Synthetic and semi-synthetic lubricants are majorly used in the automotive sector for the efficient functioning / smooth working of automobiles.
• Better characteristics such as high Viscosity Index (VI), high level of thermal stability, low freezing point, high boiling point and others, therefore collectively helping in reducing friction.