Indonesia Automotive Lubricants Market Outlook

indonesia’s automotive lubricants market is experiencing a boost in demand due to increasing industrial growth and rapid urbanization. the automotive lubricants market in indonesia is expected to continue to grow in the forecast period (2018-2032), due to government initiatives taken to promote the growth of the automotive industry. moreover, increasing population and rising disposable incomes also play a vital role in the growth of the automotive lubricants market. the demand for automotive lubricants in indonesia is further driven by increasing production of passenger cars and commercial vehicles. in addition, increasing standards of living, improving transportation facilities, and rising demand for cars/suvs/mpvs also support the growth of the automotive lubricants market. growing awareness and regulatory laws on emission control and fuel economy will further boost the demand for automotive lubricants during the forecast period. the automobile industry in indonesia is supported by strong government initiatives like supportive fiscal policies, incentives, interest rate reduction, and reduction of excise duties to attract foreign investments. furthermore, the government is focusing on e-mobility, green mobility, and intelligent transportation systems which are expected to drive the demand for automotive lubricants in indonesia during the forecast period. the import/export landscape and colorant manufacturers are also expected to impact the automotive lubricants market in indonesia during this time. in indonesia, mineral oil, synthetic oil, semi-synthetic oil, and bio-based oil are the major types of automotive lubricants available. the large scale oems in indonesia prefer the use of mineral oil and semi-synthetic oil for automotive lubrication purposes due to their cost effectiveness. however, an increasing number of players in the aftermarket sector are opting for synthetic and bio-based lubricants due to their safety, superior performance, and low carbon emission. the development of regular maintenance industry in indonesia is expected to drive the automotive lubricants market during the forecast period. in addition, continuous developments in automotive lubricants technology and competitive collaborations amongst various lubricants manufacturers are expected to fuel the market growth over the forecast period (2018-2032).