At 3.0% CAGR, Middle East & Africa Lubricating Grease Market is Projected to be Worth US$ 211.14 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa lubricating grease market was valued at US$ 166.39 million in 2022 and is expected to reach US$ 211.14 million by 2030, registering a CAGR of 3.0% from 2022 to 2030. Advancements in grease development and rising adoption of bio-based greases are among the critical factors attributed to drive the Middle East & Africa lubricating grease market growth.

The continuous advancements in grease development are transforming the landscape of lubrication solutions, offering improved performance, sustainability, and versatility. Advancements in grease development, particularly the utilization of innovative thickeners such as polyurea and calcium sulfonate, are playing a pivotal role in driving the Middle East & Africa lubricating grease market. Polyurea thickeners have gained prominence in recent years due to their exceptional properties. They offer high-temperature stability, water resistance, and mechanical stability, making them suitable for demanding applications in automotive, industrial manufacturing, and aerospace industries. Polyurea-thickened greases provide extended lubrication intervals, reducing maintenance frequency and increasing equipment operation efficiency. Calcium sulfonate thickeners represent another significant advancement in grease development. These thickeners exhibit excellent extreme pressure and anti-wear properties, which makes them suitable for heavy-duty applications in mining, construction, and steel manufacturing industries. Calcium sulfonate greases also provide enhanced corrosion protection, extending the life of components used in harsh operating conditions.

The versatility of calcium sulfonate and polyurea allows manufacturers to formulate greases that meet specific industry requirements. Polyurea-thickened greases, for example, excel in high-speed applications, where conventional greases might experience limitations. In contrast, calcium sulfonate greases are well-suited for extreme pressure and heavy-load conditions, making them indispensable in rugged industrial settings. Moreover, these advancements address environmental concerns and regulatory requirements. Polyurea and calcium sulfonate thickeners can be formulated to meet stringent environmental standards, including biodegradability and reduced toxicity. As sustainability becomes a key consideration across industries, the development of greases with environmentally friendly thickeners is expected to support the market growth. The adoption of these advanced thickeners also contributes to the expansion of niche markets. For instance, in the food processing industry, where strict hygiene standards are paramount, polyurea-based food-grade greases provide lubrication solutions that comply with industry regulations. Similarly, calcium sulfonate greases find applications in marine environments due to their resistance to water washout and corrosion protection properties. Thus, the integration of innovative thickeners such as polyurea and calcium sulfonate is expected to drive the lubrication grease market growth. These advancements offer enhanced performance, extended lubrication intervals, and environmental sustainability, contributing to increased demand across diverse industrial sectors. Thus, the constant advancements in grease development are poised to fuel the market expansion.

On the contrary, stringent government policies hamper the growth of Middle East & Africa lubricating grease market.

Based on base oil, the Middle East & Africa lubricating grease market is segmented mineral oil, synthetic oil, and bio-based. The mineral oil segment held 70.7% market share in 2022, amassing US$ 117.65 million. It is projected to garner US$ 148.29 million by 2030 to register 2.9% CAGR during 2022-2030. The synthetic oil segment is further sub segmented into polyalkylene glycol, polyalphaolefin, and esters.

In terms of thickener type, the Middle East & Africa lubricating grease market is categorized into lithium, lithium complex, polyurea, calcium sulfonate, anhydrous calcium, aluminum complex, and others. The lithium segment held 38.3% share of Middle East & Africa lubricating grease market in 2022, amassing US$ 63.68 million. It is anticipated to garner US$ 82.59 million by 2030 to expand at 3.3% CAGR during 2022-2030.

By end-use industry, the Middle East & Africa lubricating grease market is segmented into conventional vehicles, electric vehicles, building & construction, mining, marine, food, energy & power, and others. The conventional vehicles segment held 52.0% market share in 2022, amassing US$ 86.51 million. It is projected to garner US$ 115.46 million by 2030 to register 3.7% CAGR during 2022-2030.

By country, the Middle East & Africa lubricating grease market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 40.0% share of Middle East & Africa lubricating grease market in 2022. It was assessed at US$ 66.55 million in 2022 and is likely to hit US$ 87.75 million by 2030, registering a CAGR of 3.5% during 2022-2030.

Key players operating in the Middle East & Africa lubricating grease market are Exxon Mobil Corp, Fuchs SE, Petroliam Nasional Bhd, Shell Plc, Kluber Lubrication GmbH & Co KG, TotalEnergies SE, BP Plc, Chevron Corp, and Valvoline Inc, among others.


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