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Saudi Arabia Lubricants Market Outlook to 2023 - By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial lubricants By Origin

  • ID: 4911933
  • Report
  • April 2019
  • Region: Saudi Arabia
  • 100 pages
  • Ken Research Private Limited
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FEATURED COMPANIES

  • Amsoil
  • Castrol
  • Mobil (Delta Group)
  • Petromin Corporation
  • Raf Oil Industries
  • Shell (JOSLOC)
  • MORE
The report titled “Saudi Arabia Lubricants Market Outlook to 2023 – By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial lubricants (Engine Oils, Turbine oils, Hydraulic oils, Industrial Gear oils, Transformer oils, Compressor oils, Greases); By Origin (Mineral, Synthetic and Semi-Synthetic)” covers market overview, trade scenario, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with future market projection and analyst recommendations highlighting the major opportunities and cautions.

Market Overview and Size
Saudi Arabia Lubricant market is at the maturity stage. Saudi Arabia Lubricants Market in terms of revenue has increased at a positive CAGR during the period 2008-2014, but due to the Oil slump in the year 2014-15, the growth of the market slowed down, hence the market is experiencing a negative growth during the period 2014-2018. Economies such as China, Brazil, Russia and India whose rapid growth and expansion created an unquenchable thirst for oil initially, began to slow after 2010. USA and Canada started exporting oil due to high oil prices, cut their oil imports, which further increased the supply of oil. Saudi Arabia's continued to supply crude oil after the fall of Oil prices in 2014 in a bid to maintain their market share with the rest of the world.

The customers in the market are highly price sensitive and lack of awareness about the advantages of synthetic based lubricants over mineral based lubricants leading to mineral oils having a higher market share.

Saudi Arabia is dependent on import for Specialty lubricants and other preparatory raw materials as they constitute a niche share in the total lubricant market. The domestic demand is majorly fulfilled by global companies which produce the lubricants in the country.

Saudi Arabia Lubricant Market Segmentation
  • By Mineral, Synthetic and Semi-Synthetic: Mineral lubricants dominated the market of Saudi Arabia lubricant market in terms of domestic sales volume in the year 2018. The availability of crude oil at reasonable prices has amplified the demand for these lubricants in the country. On the other hand, Synthetic and Semi-Synthetic lubricants accounted the remaining domestic sales volume share in lubricant market.
  • By Application Type: In Automotive lubricants passenger Car Motor Oils had the highest market share followed by Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission and Greases in 2018.
  • By End User: The Increase in the number of passenger vehicles over the years accounted for a major share in the lubricants market followed by commercial vehicle lubricants and Marine & Aviation segments.
  • By Distribution Channel: The puncture shops located close to gas stations and are more in numbers than OEMs, which accounted to the most market share in terms of domestic retail sales volume in million litres followed by company owned-company operated outlets, Auto OEM’s and others(wholesalers, retailers and OEM service centers) in 2018.
  • By Application Type: In industrial Lubricants, the Engine oil dominated the market in terms of domestic sales volumes as engine oils are widely used in vehicles such as trucks, lorries, cranes and others industrial equipment. The turbine oils, Hydraulic oils industrial Gear Oils, Transformer Oils, Compressor Oils, Greases and others (specialty lubricants which are custom made like bearing and circuiting oils, rolling oils, spindle oils, slide way oils and process oils) followed the rest of the market share in 2018.
  • By End Users: The construction and heavy transport/Fleet contributed the highest domestic sales volume share in Saudi Arabia in the year 2018. This was followed by the market share contribution from Power generation sector, Manufacturing sector and others (agriculture, mining, petrochemicals and others). Construction sector was largely driven by Saudi Arabia expansion program of non-oil sectors in Saudi Arabia Vision 2030.
  • By Distribution Channel: The Saudi Arabia Lubricant market in 2018 gained most of its sales through direct sales as per approval of OEM’s. The major reason is that companies do not prefer the dealer networks due to their irregular payment nature.
Competitive Landscape
The Saudi Arabia Lubricant market is highly concentrated. Petromin Corporation is the market leader and has the largest market share on the basis of both domestic sales revenue and domestic production in 2018. This was followed by Shell (JOSLOC), Alhamrani-Fuchs Petroleum Saudi Arabia, Mobil (Delta Group), Castrol (Alkhorayef), Total and others. In order to gain market share, companies are partnering with major local distributors, partnering with cab and car rental services and opening a chain of service and express lube services.

Saudi Arabia Lubricant Market Future Outlook
In future, it is anticipated Saudi Arabian Lubricant market in terms of revenue will increase at a positive CAGR during the period 2018-2023. In Saudi Arabia, it is also expected that the demand for both Synthetic and Semi Synthetic Lubricants will be further augmented largely due to increasing awareness of their advantages over mineral lubricants. Moreover, increase in demand of both automotive and industrial lubricants will be observed due to increase in sales of vehicles and industrial activity to support the Saudi Arabia Vision 2030.

Key Target Audience
  • Automobile Manufacturers
  • Plastic Manufacturers
  • Metal Working Companies
  • Auto And Auto Component Manufacturers
  • Construction Companies
  • Textile Companies
  • Cement Companies
  • Mining Companies
  • Paper and Pulp Manufacturers
  • Power Generation Companies
  • Steel Manufacturers
  • Food & Beverage Companies
Time Period Captured in the Report:
  • Historical Period: 2013-2018
  • Forecast Period: 2018-2023
Companies Covered:
  • Petromin Corporation
  • Shell (JOSLOC)
  • Castrol
  • Alhamrani-Fuchs Petroleum Saudi Arabia
  • Mobil (Delta Group)
  • Total
  • Petronas (Unified Lubricants Company)
  • Chevron Al Bakri Lubricants Company
  • Raf Oil Industries
  • Gulf Oil Middle East Limited
  • Chevron AlBakri Lubricants Company (Caltex)
  • Haji Abdullah Alireza & Co. Ltd
  • United Lube Oil Company. (UNILUBE)
  • Amsoil
  • Arabian Plant for Lubricants and Greases (APLG)
  • United Lube Oil Company. (UNILUBE)
  • Yanbu United Industrial Services
  • Saudi Oil Company
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amsoil
  • Castrol
  • Mobil (Delta Group)
  • Petromin Corporation
  • Raf Oil Industries
  • Shell (JOSLOC)
  • MORE
1. Executive Summary

2. Research Methodology
2.1 Market Definitions
2.2 Research Methodology – Abbreviations
2.3 Methodology and Sanity Check
2.4 Market Characteristics
2.5 Research Methodology - Variables (Dependent and Independent)
2.6 Research Methodology – Correlation Matrix
2.7 Research Methodology – Regression Matrix
2.8 Research Methodology – Limitations and Conclusion

3. Value Chain Analysis
3.1 Value Chain Analysis for Saudi Arabia Lubricant Market
3.2 Value chain Analysis –Process Flow

4. Market Overview and Genesis
4.1 Overview and Genesis

5. Market Size, 2013-2018
5.1 By Production, domestic Sales revenue and sales volume, 2013-2018

6. Market Segmentation
6.1 By Origin (Mineral, Synthetic, Semi-Synthetic), Domestic Sale Volume, 2018.
6.2 By Lubricant Type (Automotive and Industrial Lubricant), Domestic Sale Volume, 2018
6.3 Automotive Lubricants: Type (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), 2018
6.4 Automotive Lubricants: by End User (Passenger Vehicles, Commercial Vehicles, Marine and Aviation), 2018
6.5 Automotive Lubricants Segmentation by Distribution Channel (Puncture Shops, Company Owned-Operated Outlets, Auto OEM’s), 2018
6.6 Industrial Lubricants Segmentation by Type (Engine Oils, Turbine oils, Hydraulic oils, Industrial Gear oils, Transformer oils, Compressor oils, Greases) By Origin (Mineral, Synthetic and Semi-Synthetic), 2018
6.7 Industrial Lubricants Segmentation by End User (Construction and Heavy Transport/Fleet, Power generation, Manufacturing), 2018
6.8 Industrial Lubricants Segmentation by Distribution Channel (Direct Sales as per Approval of OEMs, Dealer Networks), 2018

7. Competitive Scenario
7.1 Competitive Parameters and Competition Structure
7.2 Market Shares of Lubricant Manufacturers by Production Volumes, 2018
7.3 Market Shares of Lubricant Players by Domestic Sales volumes, 2018

8. Company Profiles of Major Players (Company Overview, Business Strategy, Best Selling Products, Recent Developments, Number of Refineries, Refining Capacity and Sales and Production Volumes)
8.1 Petromin Corporation
8.2 Shell (JOSLOC)
8.3 Al Hamrani-Fuchs Petroleum Saudi Arabia
8.4 Castrol (Alkhorayef)
8.5 Total
8.6 Mobil (Delta Group)
8.7 Petronas (Unified Lubricants Company)
8.8 Gulf Oil Middle East Limited
8.9 Others (Chevron Al Bakri Lubricants Company, Raf Oil Industries, Gulf Oil Middle East Limited, Haji Abdullah Alireza & Co. Ltd, United Lube Oil Company(UNILUBE), Amsoil, Arabian Plant for Lubricants and Greases (APLG), Yanbu United Industrial Services and Saudi Oil Company)

9. Best Selling Products
9.1 Automobile Lubricants
9.2 Industrial Lubricants

10. SWOT Analysis

11. Trends and Developments

12. Issues and Challenges

13. Trade Scenario
13.1 Export Scenario
13.2 Import Scenario
13.3 Oil Price Shock (2014-15) Snapshot

14. Regulatory Framework
14.1 Regulatory Institutions
14.2 Regulatory Laws
14.3 Documentation and Tariffs for Importing to Saudi Arabia
14.4 ISO Regulations Including Standards and Description

15. Future Outlook and Projections, 2018-2023E
15.1 By Domestic Revenue, Sales Volume and Production, 2018-2023E

16. Future Market Segmentation
16.1 By Origin (Mineral, Synthetic, Semi-Synthetic), 2023E
16.2 By Lubricant Type (Automotive and Industrial Lubricant), 2023E
16.3 Automotive Lubricant: By End User (Passenger Vehicles, Commercial Vehicles, Marine and Aviation), 2023E
16.4 Automotive Lubricants Segmentation by, Distribution Channel (Puncture Shops, Company Owned-Operated Outlets, Auto OEM’s), 2023 E
16.5 Industrial Lubricants Segmentation by, End User (Construction and Heavy Transport/Fleet, Power generation, Manufacturing), 2023E
16.6 Industrial Lubricants Segmentation by, Distribution Channel (Direct Sales as per Approval of OEMs, Dealer Networks), 2023E

17. Analyst Recommendations
Note: Product cover images may vary from those shown
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  • Petromin Corporation
  • Shell (JOSLOC)
  • Castrol
  • Alhamrani-Fuchs Petroleum Saudi Arabia
  • Mobil (Delta Group)
  • Total
  • Petronas (Unified Lubricants Company)
  • Chevron Al Bakri Lubricants Company
  • Raf Oil Industries
  • Gulf Oil Middle East Limited
  • Chevron AlBakri Lubricants Company (Caltex)
  • Haji Abdullah Alireza & Co. Ltd
  • United Lube Oil Company. (UNILUBE)
  • Amsoil
  • Arabian Plant for Lubricants and Greases (APLG)
  • United Lube Oil Company. (UNILUBE)
  • Yanbu United Industrial Services and Saudi Oil Company
Note: Product cover images may vary from those shown
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