The Middle East lubricants market is estimated to register a CAGR of 1.16%, during the forecast period of 2019 to 2028. The key factor reinforcing market growth includes the efforts established by numerous countries in diversifying their economies to minimize crude oil dependency. This has further facilitated industrial and automotive development, thereby hiking the demand for industrial machinery.
MIDDLE EAST LUBRICANTS MARKET FORECAST 2019-2028
Middle East Lubricants Market by Group (Group I, Group Ii, Group Iii, Group Iv, Group V) by Base Stock (Mineral Oil Lubricants, Synthetic Lubricants, Semi-synthetic Lubricants, Bio-based Lubricants) by Product Type (Engine Oil, Transmission and Hydraulic Fluids, Metalworking Fluids, General Industrial Oils, Gear Oil, Greases, Process Oils, Other Types) by End-user (Power Generation, Transportation, Heavy Equipment, Food and Beverage, Metallurgy and Metalworking, Chemical Manufacturing, Other End-users) and by Geography.
The Middle East lubricants market is estimated to register a CAGR of 1.16%, during the forecast period of 2019 to 2028. The key factor reinforcing market growth includes the efforts established by numerous countries in diversifying their economies to minimize crude oil dependency. This has further facilitated industrial and automotive development, thereby hiking the demand for industrial machinery.
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The Middle East lubricants market growth is analyzed across Saudi Arabia, UAE, Iran, Kuwait, Iraq, and the rest of the Middle East. Saudi Arabia is one of the primary consumers and producers of lubricant oil, in the Middle East. The country observes high national demand for lubricant oil, because of the robust advancement represented by the automotive sector, within the Kingdom. Additionally, Saudi Arabia is the largest automotive and automotive parts market in the region, accounting for nearly 40% of the total vehicle sale in the Middle East. The nation is also the major importer of automotive parts and products from the United States, with several imports, re-imported. The average life expectancy of automobiles is approximately eight years. However, Saudi Arabia is entirely a do-it-for-me market for lubricants as owners prefer taking their vehicles for services like oil changes, rather than fulfilling the simple basics of maintenance. Moreover, the Saudi Arabian market is predicted to offer vast opportunities for automobile manufacturers throughout the forecast period.
With its headquarters in Ludwigshafen, Germany, BASF SE, is one of the world’s largest chemical enterprises, with a product portfolio comprising performance products, chemicals, oil and gas, and agricultural solutions. In June 2020, BASF and GACNE extended their partnership for digital automotive coatings solutions application, in China. The enterprise is operational across the Asia Pacific, the Americas, Europe, Africa, and the Middle East.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- DEVELOPMENT OF LUBRICANTS
- MARKET DEFINITION
- KEY DRIVERS
- NEED FOR HIGH PERFORMANCE LUBRICANTS ON RISE
- GROWTH IN THE MARKET DUE TO INDUSTRIALIZATION OF DEVELOPING AND EMERGING COUNTRIES
- KEY RESTRAINTS
- SLOWDOWN IN AUTOMOBILE INDUSTRY
- LENGTHENING OF OIL DRAIN INTERVALS
- DISRUPTIONS FROM ELECTRIC VEHICLE MARKET
- KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- KEY BUYING CRITERIA
- FUNCTION
- INGREDIENTS
- PARAMETERS
- EASE OF USE
- LONGEVITY
- COST
- MARKET BY GROUP
- GROUP I
- GROUP II
- GROUP III
- GROUP IV
- GROUP V
- MARKET BY BASE STOCK
- MINERAL OIL LUBRICANTS
- SYNTHETIC LUBRICANTS
- SEMI-SYNTHETIC LUBRICANTS
- BIO-BASED LUBRICANTS
- MARKET BY PRODUCT TYPE
- ENGINE OIL
- TRANSMISSION AND HYDRAULIC FLUIDS
- METALWORKING FLUIDS
- GENERAL INDUSTRIAL OILS
- GEAR OIL
- GREASES
- PROCESS OILS
- OTHER TYPES
- MARKET BY END-USER
- POWER GENERATION
- TRANSPORTATION
- HEAVY EQUIPMENT
- FOOD AND BEVERAGE
- METALLURGY AND METALWORKING
- CHEMICAL MANUFACTURING
- OTHER END-USERS
- GEOGRAPHICAL ANALYSIS
- MIDDLE EAST
- SAUDI ARABIA
- IRAN
- IRAQ
- UAE
- KUWAIT
- REST OF MIDDLE EAST
- MIDDLE EAST
- COMPANY PROFILES
- AMSOIL INC
- BASF SE
- BHARAT PETROLEUM CORPORATION LIMITED
- BP PLC
- BLASER SWISSLUBE AG
- CARL BECHEM GMBH
- CHINA NATIONAL PETROLEUM CORPORATION
- CHINA PETROLEUM & CHEMICAL CORPORATION (SINOPEC)
- CHEVRON PHILLIPS CHEMICAL COMPANY LLC
- ENI SPA
- EXXON MOBIL CORPORATION
- FUCHS
- GAZPROM NEFT PJSC
- GULF OIL CORPORATION LIMITED
- HPCL
- IDEMITSU KOSAN COMPANY LTD
- INDIAN OIL CORPORATION LIMITED
- ILLINOIS TOOL WORKS INC
- JX NIPPON OIL & ENERGY CORPORATION
- KLUBER LUBRICATION
- SHELL CORP
TABLE LIST
TABLE 1: MARKET SNAPSHOT – LUBRICANTS
TABLE 2: MIDDLE EAST LUBRICANTS MARKET, BY GROUP, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)
TABLE 3: MIDDLE EAST LUBRICANTS MARKET, BY GROUP, FORECAST YEARS, 2019-2028 (IN KILOTONS)
TABLE 4: MIDDLE EAST LUBRICANTS MARKET, BY BASE STOCK, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)
TABLE 5: MIDDLE EAST LUBRICANTS MARKET, BY BASE STOCK, FORECAST YEARS, 2019-2028 (IN KILOTONS)
TABLE 6: MIDDLE EAST LUBRICANTS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)
TABLE 7: MIDDLE EAST LUBRICANTS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2019-2028 (IN KILOTONS)
TABLE 8: MIDDLE EAST LUBRICANTS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)
TABLE 9: MIDDLE EAST LUBRICANTS MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN KILOTONS)
TABLE 10: MIDDLE EAST LUBRICANTS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)
TABLE 11: MIDDLE EAST LUBRICANTS MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN KILOTONS)
FIGURES LIST
FIGURE 1: DEVELOPMENT OF LUBRICANTS
FIGURE 2: FUNCTIONS OF LUBRICANTS
FIGURE 3: KEY INVESTMENT INSIGHTS
FIGURE 4: PORTER’S FIVE FORCE ANALYSIS
FIGURE 5: OPPORTUNITY MATRIX
FIGURE 6: VENDOR LANDSCAPE
FIGURE 7: VALUE CHAIN ANALYSIS
FIGURE 8: KEY BUYING CRITERIA
FIGURE 9: MIDDLE EAST LUBRICANTS MARKET, GROWTH POTENTIAL, BY GROUP, IN 2019
FIGURE 10: MIDDLE EAST LUBRICANTS MARKET, BY GROUP I, 2019-2028 (IN KILOTONS)
FIGURE 11: MIDDLE EAST LUBRICANTS MARKET, BY GROUP II, 2019-2028 (IN KILOTONS)
FIGURE 12: MIDDLE EAST LUBRICANTS MARKET, BY GROUP III, 2019-2028 (IN KILOTONS)
FIGURE 13: MIDDLE EAST LUBRICANTS MARKET, BY GROUP IV, 2019-2028 (IN KILOTONS)
FIGURE 14: MIDDLE EAST LUBRICANTS MARKET, BY GROUP V, 2019-2028 (IN KILOTONS)
FIGURE 15: MIDDLE EAST LUBRICANTS MARKET, GROWTH POTENTIAL, BY BASE STOCK, IN 2019
FIGURE 16: MIDDLE EAST LUBRICANTS MARKET, BY MINERAL OIL LUBRICANTS, 2019-2028 (IN KILOTONS)
FIGURE 17: MIDDLE EAST LUBRICANTS MARKET, BY SYNTHETIC LUBRICANTS, 2019-2028 (IN KILOTONS)
FIGURE 18: MIDDLE EAST LUBRICANTS MARKET, BY SEMI-SYNTHETIC LUBRICANTS, 2019-2028 (IN KILOTONS)
FIGURE 19: MIDDLE EAST LUBRICANTS MARKET, BY BIO-BASED LUBRICANTS, 2019-2028 (IN KILOTONS)
FIGURE 20: MIDDLE EAST LUBRICANTS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2019
FIGURE 21: MIDDLE EAST LUBRICANTS MARKET, BY ENGINE OIL, 2019-2028 (IN KILOTONS)
FIGURE 22: MIDDLE EAST LUBRICANTS MARKET, BY TRANSMISSION AND HYDRAULIC FLUIDS, 2019-2028 (IN KILOTONS)
FIGURE 23: MIDDLE EAST LUBRICANTS MARKET, BY METALWORKING FLUIDS, 2019-2028 (IN KILOTONS)
FIGURE 24: MIDDLE EAST LUBRICANTS MARKET, BY GENERAL INDUSTRIAL OILS, 2019-2028 (IN KILOTONS)
FIGURE 25: MIDDLE EAST LUBRICANTS MARKET, BY GEAR OIL, 2019-2028 (IN KILOTONS)
FIGURE 26: MIDDLE EAST LUBRICANTS MARKET, BY GREASES, 2019-2028 (IN KILOTONS)
FIGURE 27: MIDDLE EAST LUBRICANTS MARKET, BY PROCESS OILS, 2019-2028 (IN KILOTONS)
FIGURE 28: MIDDLE EAST LUBRICANTS MARKET, BY OTHER TYPES, 2019-2028 (IN KILOTONS)
FIGURE 29: MIDDLE EAST LUBRICANTS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019
FIGURE 30: MIDDLE EAST LUBRICANTS MARKET, BY POWER GENERATION, 2019-2028 (IN KILOTONS)
FIGURE 31: MIDDLE EAST LUBRICANTS MARKET, BY TRANSPORTATION, 2019-2028 (IN KILOTONS)
FIGURE 32: MIDDLE EAST LUBRICANTS MARKET, BY HEAVY EQUIPMENT, 2019-2028 (IN KILOTONS)
FIGURE 33: MIDDLE EAST LUBRICANTS MARKET, BY FOOD AND BEVERAGE, 2019-2028 (IN KILOTONS)
FIGURE 34: MIDDLE EAST LUBRICANTS MARKET, BY METALLURGY AND METALWORKING, 2019-2028 (IN KILOTONS)
FIGURE 35: MIDDLE EAST LUBRICANTS MARKET, BY CHEMICAL MANUFACTURING, 2019-2028 (IN KILOTONS)
FIGURE 36: MIDDLE EAST LUBRICANTS MARKET, BY OTHER END-USERS, 2019-2028 (IN KILOTONS)
FIGURE 37: MIDDLE EAST LUBRICANTS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 38: SAUDI ARABIA LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)
FIGURE 39: IRAN LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)
FIGURE 40: IRAQ LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)
FIGURE 41: UAE LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)
FIGURE 42: KUWAIT LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)
FIGURE 43: REST OF MIDDLE EAST LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)
- GEOGRAPHICAL ANALYSIS
- MIDDLE EAST
- SAUDI ARABIA
- IRAN
- IRAQ
- UAE
- KUWAIT
- REST OF MIDDLE EAST
- MIDDLE EAST
- MARKET BY GROUP
- GROUP I
- GROUP II
- GROUP III
- GROUP IV
- GROUP V
- MARKET BY BASE STOCK
- MINERAL OIL LUBRICANTS
- SYNTHETIC LUBRICANTS
- SEMI-SYNTHETIC LUBRICANTS
- BIO-BASED LUBRICANTS
- MARKET BY PRODUCT TYPE
- ENGINE OIL
- TRANSMISSION AND HYDRAULIC FLUIDS
- METALWORKING FLUIDS
- GENERAL INDUSTRIAL OILS
- GEAR OIL
- GREASES
- PROCESS OILS
- OTHER TYPES
- MARKET BY END-USER
- POWER GENERATION
- TRANSPORTATION
- HEAVY EQUIPMENT
- FOOD AND BEVERAGE
- METALLURGY AND METALWORKING
- CHEMICAL MANUFACTURING
- OTHER END-USERS
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