This statistic shows the petroleum market share across Malaysia in 2017, by brand. That year, Petronas controlled up to ** percent of the petroleum market share in Malaysia.

The Malaysia Refined Petroleum Products Market Report is Segmented by Product Type (Petrol, Diesel, LPG, and Other Product Types (Including Kerosene and Aviation Fuel)). The Report Offers Market Size Forecasts in Terms of Revenue (USD) for all the Above Segments.

The report covers Malaysia Oil and Gas Companies and the market is Segmented by Sector (Upstream, Midstream, and Downstream). The report offers the market size and forecasts in volume (thousand barrels per day) for all the above segments.

Malaysia Oil and Gas Market size was valued at USD 11.44 Billion in 2024 and is projected to reach USD 15.41 Billion by 2032, growing at a CAGR of 3.8% from 2026 to 2032.Key Market DriversGovernment Policy Support and Investment: Government initiatives and policies have been instrumental in driving Malaysia's oil and gas sector through strategic investments and regulatory frameworks designed to attract both local and international players. PETRONAS, Malaysia's national oil company, continues to lead development efforts with support from the government.Growing Domestic Energy Demand: Malaysia's increasing industrialization, economic growth, and population expansion have led to higher energy consumption, creating sustained demand for oil and gas products in the domestic market despite global transition efforts toward renewables.

For the fourth year in a row, the Malaysian market for crude oil and processed petroleum recorded growth in sales value, which increased by 14% to $41.8B in 2024. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $42.7B in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

In 2024, the crude oil and condensate sector was estimated to contribute *** percent to Malaysia's gross domestic product (GDP), a decrease compared to the *** percent share of the GDP in the previous year. The crude oil industry's share to the country's GDP has been declining since 2018, when it was at *** percent.

Malaysia Refined Petroleum Products Market size was valued at USD 42.56 Billion in 2024 and is projected to reach USD 62.37 Billion by 2032, growing at a CAGR of 4.9% from 2026 to 2032.Key Market Drivers Rising Demand for Transportation Fuels: The Malaysia refined petroleum products market is being driven by the rising demand for transportation fuels, particularly gasoline and diesel. According to the Malaysian Automotive Association, vehicle sales increased by 10% in 2022, reaching over 700,000 units, boosting fuel consumption. This growth is supported by urbanization and improving economic conditions. Recent news highlights Petronas' announcement in 2023 of a USD 1 billion investment to upgrade its refineries and enhance fuel production efficiency.Growing Industrial Sector: The growing industrial sector is another significant driver of the refined petroleum products market in Malaysia. The Department of Statistics Malaysia reported a 6.5% year-on-year increase in industrial production in 2022, driven by manufacturing and construction activities. Refined petroleum products are essential for powering machinery and equipment in these industries. Companies like Shell Malaysia are increasing their supply of industrial fuels to cater to this demand.

Forecast: Petroleum Based Lubricant Market Size Value Per Capita in Malaysia 2022 - 2026 Discover more data with ReportLinker!

The Malaysian liquefied petroleum gas (LPG) market declined significantly to $1.2B in 2024, waning by -24.8% against the previous year. In general, consumption saw a noticeable shrinkage. Over the period under review, the market reached the maximum level at $1.9B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

The Malaysia Oil and Gas Upstream report features an extensive regional analysis, identifying market penetration levels across major geographic areas. It highlights regional growth trends and opportunities, allowing businesses to tailor their market entry strategies and maximize growth in specific regions.

In 2024, the Malaysian market for processed petroleum oils and distillates increased by 32% to $18.3B, rising for the fourth year in a row after two years of decline. Over the period under review, consumption, however, recorded a mild descent. Processed petroleum oils and distillates consumption peaked at $23.6B in 2014; however, from 2015 to 2024, consumption remained at a lower figure.

The Malaysian petroleum bitumen market skyrocketed to $439M in 2024, growing by 46% against the previous year. Overall, consumption continues to indicate a pronounced increase. Over the period under review, the market attained the maximum level in 2024 and is likely to continue growth in years to come.

The Southeast Asia Refined Petroleum Products Market is Segmented by Product (Automotive Fuels, Marine Fuels, Aviation Fuels, Liquefied Petroleum Gas (LPG), and Other Products) and Geography (Indonesia, Thailand, Malaysia, and the Rest of Southeast Asia). The report offers the market size and forecasts for Southeast Asia's refined petroleum products in revenue (USD million) for all the above segments.

Malaysia white oil market will grow because of increasing demand from personal care sector. In 2021, 92.1% sales of personal care products occurred offline in Malaysia.

Forecast: Rapeseed Oil and Mustard Oil Market Size Volume in Malaysia 2022 - 2026 Discover more data with ReportLinker!

In 2023, the European Union (EU) was Malaysia's largest export market for palm oil and palm-based products, with exports amounting to around **** million metric tons. This was followed by India and China, with palm oil and palm-based products exports amounting to **** million metric tons and *** million metric tons respectively. However, plans by the European Commission to phase out the use of palm oil in transport fuel by 2030 threatens to reduce the size of this market for Malaysian palm oil in the future.

Malaysia Oil and Gas Pipeline Market size was valued at USD 4 Billion in the year 2024, and it is expected to reach USD 5.17 Billion in 2032, at a CAGR of 3% over the forecast period of 2026 to 2032.Malaysia Oil and Gas Pipeline Market DriversSignificant Untapped Petroleum Reserves and Exploration Activities: Malaysia continues to have substantial oil and gas reserves, particularly in its sedimentary basins. Ongoing exploration activities and new discoveries, especially offshore Sarawak and Sabah, are driving the need for new pipelines to bring these resources to market.Growing Domestic and Regional Demand for Natural Gas: There's an increasing demand for natural gas within Malaysia and in neighboring regions, driven by efforts to reduce carbon emissions and improve air quality. This shift towards cleaner energy sources boosts the need for gas pipeline infrastructure, including new LNG terminals and distribution networks.Surging Demand for Refined Petroleum Products: Malaysia has witnessed a steady increase in the demand for refined petroleum products, particularly LPG for cooking and transport fuel. To meet this demand and enhance self-reliance, the country is investing in expanding existing refineries and constructing new downstream infrastructure, which in turn necessitates pipeline networks.Government Support and Investments in Energy Infrastructure: The Malaysian government, through entities like Petronas, is actively investing in the oil and gas sector, particularly in natural gas infrastructure and LNG projects. Incentives like Pioneer Status and Investment Tax Allowance encourage businesses to invest in the sector.

In Malaysia Oil and Gas Separator Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,

The Report Covers Southeast Asia Oil and Gas Upstream Market Companies and is segmented by Location (Onshore and Offshore) and Geography (Thailand, Singapore, Indonesia, Brunei, Malaysia, Vietnam, and the Rest of Southeast Asia)

The Southeast Asia oil and gas midstream market is experiencing robust growth, driven by increasing energy demand, rising investments in infrastructure development, and the ongoing expansion of the petrochemical sector. The market, valued at approximately $XX million in 2025 (assuming a logical estimate based on industry averages and the provided CAGR), is projected to exhibit a Compound Annual Growth Rate (CAGR) exceeding 1.44% from 2025 to 2033. This growth trajectory is fueled by several key factors. Firstly, the region's burgeoning population and rapid industrialization are creating a significant surge in energy consumption. This heightened demand necessitates substantial investments in pipeline networks, storage facilities, and processing plants to ensure efficient and reliable energy distribution. Secondly, government initiatives aimed at improving energy infrastructure and attracting foreign investments are playing a crucial role in accelerating market expansion. Finally, the growing prominence of petrochemicals and their integration with oil and gas midstream operations further contribute to the sector's expansion. Companies like PT Connusa Energindo, TechnipFMC plc, PT Pertamina, Vietnam Oil and Gas Group, and PTT Public Company Limited are key players shaping the competitive landscape through their investments and operational activities. However, the market's growth is not without challenges. Regulatory hurdles, geopolitical uncertainties, and the increasing focus on renewable energy sources pose potential restraints. While the transition to cleaner energy sources presents a long-term challenge, the current demand for fossil fuels ensures sustained growth in the near to medium term. Furthermore, the market is segmented by various factors, including pipeline infrastructure type (crude oil, natural gas, petroleum products), geographic location (individual Southeast Asian countries), and the types of midstream services (storage, transportation, processing). Careful analysis of these segments provides insights into specific growth opportunities and risks within the Southeast Asia oil and gas midstream market. The historical period from 2019-2024 provides a strong foundation for projecting future trends, and forecasting models based on the CAGR and identified drivers and restraints provide a clear picture of the sector's potential in the coming years. Key drivers for this market are: 4., Reduction in Energy Bills Due to Self-Power Consumption4.; Increasing Installation of Solar PV Modules in Residential Segment. Potential restraints include: 4., High Installation Cost as Compared to Rooftop PV Systems. Notable trends are: Transportation Capacity to Witness Growth.