Malaysia Automotive Engine Oil Market Outlook

malaysia has been witnessing a consistent growth in its automotive industry, with a strong presence of original equipment manufacturers along with multi-brand auto dealers and a wide network of ancillary services. this has brought a lot of business opportunities in the malaysian automotive engine oil market as well. the country boasts of a young population that prioritises leisure and entertainment activities, hence driving the automotive industry, with a focus on two wheelers especially. this in turn is providing adequate ground for the growth of the engine oil market in malaysia. it is anticipated that advanced engine oil will be in high demand in malaysia during the forecast period of 2018-2032. oems in the country are upgrading their models with engines which perform better with the use of synthetic grade motor oils as compared to traditional mineral or semi-synthetic oils. additionally, the need for fuel-efficient engines, high performance vehicles, and emission norms are set to further increase the market demand for synthetic engine oil during the forecast period. in the malaysian automotive engine oil market, there is expected to be significant growth and development in terms of new products owing to the increasing use of electronics and technology. there will be a gradual shift towards the high-end engine oils with better viscosity, oxidation stability, detergency, dispersancy, dispersant-detergent, thermal stability, etc. advanced technology motor oils such as turbocharged engines and diesel engines are set to gain more traction in the malaysian automotive engine oil market. marine engine oil will also witness significant demand growth in the malaysian automotive engine oil market, owing to the growing trend of sea water tourism. the increasing sale of commercial and recreational boats and their engines in the malaysian waters is driving the need for high quality and specialised engine oil in the market. moreover, the use of high-end automotive engine oil in malaysia will also be boosted by the presence of aftermarket services. with increasing safety regulations and environmental concerns, malaysian drivers are opting for high-end engine oils to protect their vehicles and experience improved performance. in conclusion, it can be stated that the malaysian automotive engine oil market is set to witness a strong trajectory of growth during the forecast period from 2018-2032, with rising demand for specialised and synthetic oil-based products to cater to the specific needs of the malaysian automotive market.