Uae Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2018 - 2026

The Uae Lubricants Market size is estimated at 159.81 Million Liters in 2024, and is expected to reach 173 Million Liters by 2026, growing at a CAGR of 4.04% during the forecast period (2024-2026).

Key Highlights

• Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment in the UAE due to the large presence of high-end vehicles and SUVs and higher oil replacement cycles compared to other segments.
• Fastest Segment by End-user Industry - Power Generation : Power generation is the fastest-growing end-user of lubricants in the UAE due to the rising usage of natural gas reactors and wind turbines for energy generation.
• Largest Segment by Product Type - Engine Oils : Due to the varying engine size of cars, motorcycles, trucks, and buses and the high oil-changing frequencies, engine oil is the most widely used product category in the UAE.
• Fastest Segment by Product Type - Greases : Grease is required for the smooth operation of industrial machinery, and with the country's manufacturing industry growing, grease consumption is likely to expand even faster.

UAE Lubricants Market Trends

Largest Segment By End User : Automotive

• In 2020, the UAE lubricants market was dominated by the automotive segment, which accounted for around 58% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive segment increased by around 7.9%.
• In 2020, the COVID-19 pandemic-related restrictions led to declined maintenance requirements from several sectors. The major impact was observed in the automotive sector, which recorded a dip of 12.4%, followed by heavy equipment (9.9%), during the year over 2019.
• Power generation is likely to be the fastest-growing end-user sector of the market studied, recording a CAGR of 5.5% over the period 2021-2026, followed by metalworking and metallurgy (3.52%). The increasing vehicle population in the country is likely to drive the consumption of lubricants in the automotive sector.

UAE Lubricants Industry Overview

The Uae Lubricants Market is fairly consolidated, with the top five companies occupying around 70%. The major players in this market are ADNOC, Emirates Lube Oil Co. Ltd, EPPCO Lubricants, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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