Middle East Lubricants Market - Segmented by Group, Base Stock, Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4536082
  • Report
  • Region: Middle East
  • 95 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Adinlub
  • Behran Oil Co.
  • Emarat
  • FUCHS
  • Iranol
  • MAG Lubricants
  • MORE
The Middle East lubricants market is expected to register a CAGR of 2.11%, during the forecast period, 2018 - 2023. The major factor driving the growth of the market is the industrial growth in Saudi Arabia, Iran, and UAE. With the rising government focus and investments in various industries, the demand for lubricants in the region is expected to grow significantly.

Lubricants are majorly used in the industrial sector for the proper functioning of machines. They are also used in automobile for smooth functioning and longevity of engines and other components. Lubricants are available in liquid, semi-fluid, or solid state, and possess various characteristics, such as, high viscosity index, high level of thermal stability, low freezing point, and high boiling point, all of which help to reduce friction between surfaces of machine parts and the rate of wear, without compromising operational efficiency.

Fluctuations in Automotive Lubricant Demand

There has been a drop in the sales of new motor vehicles in countries, such as Saudi Arabia, Iraq, UAE and Kuwait in the past 2 years. This can be majorly attributed to the fall in the crude oil prices and a subsequent impact on the economic scenario in the countries. Iraq has witnessed a drastic dip in the sales by a rate of almost 50% between 2015 & 2016. UAE, the second biggest automotive market in the GCC has also seen a gradual decrease in the sales of new motor vehicles between 2013 to 2016. Despite these fluctuations in the sales since the past few years, planned investments by global automotive manufacturers and government steps to boost the manufacturing industry in the Middle-East region are expected to create a surge in the demand for automotive lubricants in the coming years.

High-Performance Lubricants a Potential Segment

The growing demand for high-performance lubricants (owing to their better and improved properties, such as reduced flammability, reduced gear wear, and increased service life), is driving the market. Many major automotive OEMs are recommending the usage of these lubricants for better engine efficiencies and the presence of large number of luxury vehicles in the region is rising the demand for high performance lubricants. Along with this, PAO (polyalphaolefins) synthetic lubricants are finding increasing applications in the construction and food & beverage industries. Initiatives and upcoming programs, such as Dubai Plan 2021, FIFA 2022 World Cup, and planned energy projects in Saudi Arabia are expected to create opportunities for the adoption of high-performance lubricants in the region.

Notable Developments

April 2017 - Aljomaih and Shell Lubricating Oil Company Limited (JOSLOC) announced a strategic partnership, with Bakhashab Brothers Holding Company, dealer of ISUZU trucks in the western and eastern regions and the largest distributor of ISUZU trucks in Saudi Arabia

May 2017 - Petromin – Nissan’s authorized dealer in the Kingdom of Saudi Arabia, celebrated the official grand opening of its new dealership in Khobar

February 2017 - Saudi oil & gas giant – Saudi Aramco’s announced to enter base oil marketing business and launch of three B-to-B base oils brands, aramcoDURA, aramcoPRIMA and aramcoULTRA

Major Players: Petromin Corporation, Aljomaih and Shell Lubricating Oil Company Limited, Iranol, Behran Oil Co., Fuchs, among others.

Reasons to Purchase this Report
  • Current and future of the Middle East lubricant market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Countries that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Adinlub
  • Behran Oil Co.
  • Emarat
  • FUCHS
  • Iranol
  • MAG Lubricants
  • MORE
1. Introduction
1.1 Research Phases
1.2 Scope of the Report
1.3 Study Deliverables

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness- Porters Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Regulatory Policy Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Industrial Growth in Saudi Arabia, Iran, and UAE
4.1.2 Growing Usage of High-performance Lubricants
4.2 Restraints
4.2.1 High Price of Synthetic & Bio-based Lubricants
4.2.2 Increasing Drain Intervals in Automotive and Industrial Sectors
4.3 Opportunities
4.3.1 Developments in Synthetic and Bio-Based Lubricants
4.3.2 Others

5. Market Segmentation & Analysis (Market Size, Growth and Forecast)
5.1 By Group
5.1.1 Group I
5.1.2 Group II
5.1.3 Group III
5.1.4 Group IV (PAO)
5.1.5 Naphthenics
5.2 By Base Stock
5.2.1 Bio-Based Lubricants
5.2.2 Mineral Oil Lubricants
5.2.3 Synthetic Lubricants
5.2.4 Semi-Synthetic Lubricants
5.3 By Product Type
5.3.1 Engine Oil
5.3.2 Transmission & Hydraulic Fluid
5.3.3 Metalworking Fluid
5.3.4 General Industrial Oil
5.3.5 Gear Oil
5.3.6 Greases
5.3.7 Process Oils
5.3.8 Others
5.4 By End-user Industry
5.4.1 Power Generation
5.4.2 Automotive & Other trans.
5.4.3 Heavy Equipment
5.4.4 Food & Beverage
5.4.5 Metallurgy & Metal Working
5.4.6 Chemical Manufacturing
5.4.7 Others

6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1 Saudi Arabia
6.2 Iran
6.3 Iraq
6.4 UAE
6.5 Rest of the Middle East

7. Future of the Market

8. Competitive Landscape
8.1 Mergers, Acquisition, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Company Profiles
9.1 Adinlub
9.2 Aljomaih And Shell Lubricating Oil Company Limited
9.3 Al Hamrani Fuchs Petroleum Saudi Arabia Ltd. (AFPSAL)
9.4 Amsoil Inc.
9.5 Behran Oil Co.
9.6 Castrol
9.7 Emarat
9.8 ExxonMobil Corporation
9.9 FUCHS
9.10 GULF OIL Middle East Limited (GULF OIL International)
9.11 Idemitsu Kosan Co. Ltd
9.12 Iranol
9.13 Lubrex FZC
9.14 MAG Lubricants
9.15 Pars
9.16 Petromin Corporation
9.17 Raf Oil Industries LLC
9.18 Sepahan
9.19 Total Lubricants
*List not exhaustive

10. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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  • Adinlub
  • Aljomaih And Shell Lubricating Oil Company Limited
  • Al Hamrani Fuchs Petroleum Saudi Arabia Ltd. (AFPSAL)
  • Amsoil Inc.
  • Behran Oil Co.
  • Castrol
  • Emarat
  • ExxonMobil Corporation
  • FUCHS
  • GULF OIL Middle East Limited (GULF OIL International)
  • Idemitsu Kosan Co. Ltd
  • Iranol
  • Lubrex FZC
  • MAG Lubricants
  • Pars
  • Petromin Corporation
  • Raf Oil Industries LLC
  • Sepahan
  • Total Lubricants
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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