Thailand Base Oil Market Size & Outlook, 2026-2033
The base oil market in Thailand is expected to reach a projected revenue of US$ 1,912.3 million by 2033. A compound annual growth rate of 8.7% is expected of Thailand base oil market from 2026 to 2033.
Revenue, 2025 (US$M)
$996.2
Estimate, 2026 (US$M)
$1,063.9
Forecast, 2033 (US$M)
$1,912.3
CAGR, 2026 - 2033
8.7%
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Thailand base oil market highlights
- The Thailand base oil market generated a revenue of USD 996.2 million in 2025 and is expected to reach USD 1,912.3 million by 2033.
- The Thailand market is expected to grow at a CAGR of 8.7% from 2026 to 2033.
- In terms of segment, group i was the largest revenue generating product in 2025.
- Group V is the most lucrative product segment registering the fastest growth during the forecast period.
Base oil market data book summary
| Market revenue in 2025 | USD 996.2 million |
| Market revenue in 2033 | USD 1,912.3 million |
| Growth rate | 8.7% (CAGR from 2026 to 2033) |
| Largest segment | Group i |
| Fastest growing segment | Group V |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Group I, Group II, Group III, Group IV, Group V |
| Key market players worldwide | China Petroleum & Chemical Corp Class H, Petronas Chemicals Group Bhd, PetroChina Co Ltd Class H, Exxon Mobil Corp, Chevron Corp, Shell PLC, BP PLC, The Goldman Sachs Group Inc, Nestle SA, Repsol SA |
Other key industry trends
- In terms of revenue, Thailand accounted for 4.5% of the base oil market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China base oil market is projected to lead the regional market in terms of revenue in 2033.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,912.3 million by 2033.
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Publish Date: Jan 22, 2026
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Base Oil Market Scope
Base Oil Market segmentation & scope
Base Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nestle SA | View profile | 270,000 | Avenue Nestle 55, Vevey, Switzerland, CH-1800 | www.nestle.com |
| Exxon Mobil Corp | View profile | 61,500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | www.exxonmobil.com |
| Chevron Corp | View profile | 45,600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | www.chevron.com |
| Shell PLC | View profile | 100,000 | Shell Centre, London, United Kingdom, SE1 7NA | www.shell.com |
| BP PLC | View profile | 87,800 | 1 St James's Square, London, United Kingdom, SW1Y 4PD | www.bp.com |
| PetroChina Co Ltd Class H | View profile | 375,803 | No. 9 Dongzhimen North Street, Dongcheng District, Beijing, China, People's Republic of, 100007 | www.petrochina.com.cn |
| China Petroleum & Chemical Corp Class H | View profile | 368,450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | www.sinopec.com |
| Repsol SA | View profile | 25,113 | Calle Mendez Alvaro, 44, Madrid, Spain, 28045 | www.repsol.com |
| Petronas Chemicals Group Bhd | View profile | 6,465 | Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, Kuala Lumpur, SGR, Malaysia, 50088 | www.petronas.com |
| The Goldman Sachs Group Inc | View profile | 45,300 | 200 West Street, New York, NY, United States, 10282 | www.goldmansachs.com |
Thailand Base Oil Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Base Oil Market Outlook will help companies and investors design strategic landscapes.
Group I was the largest segment with a revenue share of 41.6% in 2025.
Horizon Databook has segmented the Thailand base oil market based on group i, group ii, group iii, group iv, group v covering the revenue growth of each sub-segment from 2021 to 2033.
- Thailand Base Oil Market Product Outlook (Revenue, USD Million , 2021-2033)
- Group I
- Group II
- Group III
- Group IV
- Group V
- Thailand Base Oil Market Application Outlook (Revenue, USD Million , 2021-2033)
- Automotive Oils
- Process Oils
- Hydraulic Oils
- Metalworking Fluids
- Industrial Oils
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand Base Oil Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Thailand Base Oil Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Thailand Base Oil Market, 2021-2033 (US$M)
Thailand base oil market statistics, by product, 2021-2033 (US$M)
