Vietnam Mineral Oil Market to 2032
Overview
The Vietnam Mineral Oil Market is expected to reach a 29.53 USD Million by 2032 and is projected to grow at a CAGR of 3.32% from 2025 to 2032.
Revenue, 2024 (USD Million)
24.15
Forecast, 2032 (USD Million)
29.53
CAGR, 2024 - 2032
3.32%
Report Coverage
Vietnam
Vietnam Mineral Oil Market 2018-2032 USD Million
Vietnam Mineral Oil Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 24.15 USD Million
- Projected Market Size (2032): 29.53 USD Million
- CAGR (2025-2032): 3.32%
Key Findings of Vietnam Mineral Oil Market
- The Vietnam Mineral Oil Market was valued at 24.15 USD Million in 2024.
- The Vietnam Mineral Oil Market is likely to grow at a CAGR of 3.32% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Food Industry in Application Segment accounted for the largest share of the market with a revenue of 24.15 USD Million
- The fastest growing segment Lubricants in Application Segment grew Fastest with a CAGR of 3.76% during the forecast period from 2024 to 2032.
Vietnam Mineral Oil Market Scope
Vietnam Mineral Oil Market Segmentation & Scope
Application
- Coatings/Inks
- Adhesives
- Others
- Textile
- Packaging
- Polymers
- Agriculture
- Tires/Rubbers
- Electrical and Industrial
- Cosmetics & Personal Care
- Lubricants
- Food Industry
- Pharmaceuticals
Grade
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Industrial Grade
Class
- Naphthenic Oil1
- Aromatic Oil1
- Paraffinic Oil1
Vietnam Mineral Oil Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 24.15 USD Million |
| Market Value in 2032 | 29.53 USD Million |
| CAGR (2025-2032) | 3.32% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Grade,Class |
Regional Insights:
-
Leading Market (2024-2032): Vietnam, leading in terms of revenue 24.15 USD Million in 2024
- Key Country: Vietnam, leading in terms of revenue with value of 24.15 USD Million in 2024.
Segments and Scope
-
Vietnam Mineral Oil Market to 2032, By Application
- Food Industry is the largest segment in Vietnam Mineral Oil Market to 2032 with a revenue of 24.15 USD Million in the year 2024.
- Lubricants is the Fastest growing segment in Vietnam Mineral Oil Market to 2032 with a Growth rate of 3.32 % in forecast period 2025-2032.
-
Vietnam Mineral Oil Market to 2032, By Grade
- Industrial Grade is the largest segment in Vietnam Mineral Oil Market to 2032 with a revenue of 14.10 USD Million in the year 2024.
- Industrial Grade is the Fastest growing segment in Vietnam Mineral Oil Market to 2032 with a Growth rate of 3.53 % in forecast period 2025-2032.
-
Vietnam Mineral Oil Market to 2032, By Class
- Paraffinic Oil1 is the largest segment in Vietnam Mineral Oil Market to 2032 with a revenue of 17.39 USD Million in the year 2024.
- Paraffinic Oil1 is the Fastest growing segment in Vietnam Mineral Oil Market to 2032 with a Growth rate of 3.45 % in forecast period 2025-2032.
Vietnam Mineral Oil Market Company Share Analysis
Vietnam Mineral Oil Market Geographical Sales Distribution, 2018-2032 USD Million
Vietnam Mineral Oil Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Vietnam Mineral Oil Market is segmented based on Segmentation Application,Grade,Class.
Vietnam Mineral Oil Market was valued at USD 24.15(Revenue in USD Million) in 2021.
Vietnam Mineral Oil Market is projected to grow at a CAGR of 3.32% during the forecast period of 2024 to 2032.
The Food Industry segment is expected to dominate the Vietnam Mineral Oil Market, holding a largest market share of 24.15 USD Million in 2024
Vietnam Mineral Oil Market Scope
Vietnam Mineral Oil Market Segmentation & Scope
Application
- Coatings/Inks
- Adhesives
- Others
- Textile
- Packaging
- Polymers
- Agriculture
- Tires/Rubbers
- Electrical and Industrial
- Cosmetics & Personal Care
- Lubricants
- Food Industry
- Pharmaceuticals
Grade
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Industrial Grade
Class
- Naphthenic Oil1
- Aromatic Oil1
- Paraffinic Oil1
Frequently Asked Questions
The Vietnam Mineral Oil Market is segmented based on Segmentation Application,Grade,Class.
Vietnam Mineral Oil Market was valued at USD 24.15(Revenue in USD Million) in 2021.
Vietnam Mineral Oil Market is projected to grow at a CAGR of 3.32% during the forecast period of 2024 to 2032.
The estimated market value of the Vietnam Mineral Oil Market for final year is USD 29.53 (USD Million).
Vietnam Mineral Oil Market Company Profiling
Frequently Asked Questions
The Vietnam Mineral Oil Market is segmented based on Segmentation Application,Grade,Class.
Vietnam Mineral Oil Market was valued at USD 24.15(Revenue in USD Million) in 2021.
Vietnam Mineral Oil Market is projected to grow at a CAGR of 3.32% during the forecast period of 2024 to 2032.
The estimated market value of the Vietnam Mineral Oil Market for final year is USD 29.53 (USD Million).
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