Middle East & Africa Lubricant Additives Market Forecast to 2028 - COVID-19 Impact and Regional Analysis– by Type (Dispersants, Viscosity Index Improvers, Detergents, Antiwear Agents, Emulsifiers, and Others), and Application (Automotive and Industrial)
Category: Chemicals & Materials
Middle East & Africa Lubricant Additives Market Forecast to 2028 - COVID-19 Impact and Regional Analysis– by Type (Dispersants, Viscosity Index Improvers, Detergents, Antiwear Agents, Emulsifiers, and Others), and Application (Automotive and Industrial)
The Middle East & Africa lubricant additives market is expected to grow from US$ 1,555.25 million in 2021 to US$ 1,874.15 million by 2028; it is estimated to grow at a CAGR of 2.7% from 2021 to 2028. The automotive sector has witnessed tremendous growth in the last decade and is expected to rise steadily during the forecast period. The COVID-19 pandemic hampered the growth of this sector during 2020–2021 due to factors such as nationwide lockdowns enacted by governments of the Middle East & African countries and a decline in investments by various stakeholders. Further, the ease of travel restrictions, rise in transportation activities, and implementation of mass vaccination programs aided the growth of this sector in 2021 in the form of elevated automobile sales. As per the report of OICA, the automotive industry recorded an annual growth rate of ~5% in 2021. Companies operating in the automotive market are investing heavily in automobile manufacturing to ramp up production capabilities and corresponding sales. With increasing regulatory pressure on improving the fuel efficiency of vehicles and reducing greenhouse gas (GHG) emissions, there has been a remarkable development in lubricating oil formulations. The final standards focus on significantly reducing GHG emissions and other criteria pollutants, which will lead to substantial public health and welfare benefits while providing consumers with savings from reduced fuel usage. Thus, the flourishing automotive sector and stringent government policies on reducing GHG emissions are boosting the Middle East & Africa lubricant additives market. Thus, the Middle East & Africa lubricant additives market is expected to grow at a notable CAGR during the forecast period.
Middle East & Africa Lubricant Additives Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Lubricant Additives Market Segmentation
The Middle East & Africa lubricant additives market is segmented into type, application, and country. Based on type, the market is categorized into dispersants, viscosity index improvers, detergents, antiwear agents, emulsifiers, and others. In 2021, the dispersants segment held the largest market share. Based on application, the market is bifurcated into automotive and industrial. In 2021, the automotive segment held a larger market share. Further, based on country, the Middle East & Africa lubricant additives market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The Rest of MEA has contributed a substantial share in 2021.
Evonik Industries AG, the Lubrizol Corporation, LANXESS, Nouryan, EXXON MOBIL CORPORATION, Croda International plc, Chevron Corporation, and BASF SE are among the leading companies operating in the Middle East & Africa lubricant additives market.
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TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 MEA Lubricant Additives Market, by Type
1.2.2 MEA Lubricant Additives Market, by Application
1.2.3 MEA Lubricant Additives Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. MEA Lubricant Additives Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material Suppliers
4.4.2 Manufacturers
4.4.3 Distributors/Suppliers
4.4.4 End-User Industries
5. MEA Lubricant Additives Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Flourishing Automotive Sector
5.1.2 Rapid Industrial Growth
5.2 Market Restraints
5.2.1 Stringent Government Policies Regarding Application of Lubricant Additives
5.3 Market Opportunities
5.3.1 Increasing Demand for Lubricants from Wind Energy Sector
5.4 Future Trends
5.4.1 Growing Demand for Synthetic Lubricants
5.5 Impact Analysis of Drivers and Restraints
6. Lubricant Additives –MEA Market Analysis
6.1 Lubricant Additives Market –Revenue and Forecast to 2028
7. MEA Lubricant Additives Market Analysis – By Type
7.1 Overview
7.2 Lubricant Additives Market, By Type (2020 and 2028)
7.3 Dispersants
7.3.1 Overview
7.3.2 Dispersants: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Viscosity Index Improvers
7.4.1 Overview
7.4.2 Viscosity Index Improvers: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Detergents
7.5.1 Overview
7.5.2 Detergents: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Antiwear Agent
7.6.1 Overview
7.6.2 Antiwear Agent: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
7.7 Emulsifiers
7.7.1 Overview
7.7.2 Emulsifiers: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 Others: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
8. MEA Lubricant Additives Market Analysis – By Application
8.1 Overview
8.2 Lubricant Additives Market, By Application (2020 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive : Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial : Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
9. MEA Lubricant Additives Market – Country Analysis
9.1 Middle East and Africa: Lubricant Additives Market
9.1.1 Middle East and Africa: Lubricant Additives Market, by Key Country
9.1.1.1 South Africa: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Lubricant Additives Market, by Type
9.1.1.1.2 South Africa: Lubricant Additives Market, by Application
9.1.1.2 Saudi Arabia: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Lubricant Additives Market, by Type
9.1.1.2.2 Saudi Arabia: Lubricant Additives Market, by Application
9.1.1.3 UAE: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Lubricant Additives Market, by Type
9.1.1.3.2 UAE: Lubricant Additives Market, by Application
9.1.1.4 Rest of MEA: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Lubricant Additives Market, by Type
9.1.1.4.2 Rest of MEA: Lubricant Additives Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 Evonik Industries AG
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 The Lubrizol Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 LANXESS
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Nouryon
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 EXXON MOBIL CORPORATION
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Croda International plc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Chevron Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 BASF SE
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Glossary of Terms, Global Lubricant Additives Market
LIST OF FIGURES
Figure 1. MEA Lubricant Additives Market Segmentation
Figure 2. MEA Lubricant Additives Market Segmentation – By Country
Figure 3. MEA Lubricant Additives Market Overview
Figure 4. MEA Lubricant Additives Market, By Application
Figure 5. MEA Lubricant Additives Market, by Country
Figure 6. MEA Porter's Five Forces Analysis
Figure 7. MEA Expert Opinion
Figure 8. MEA Ecosystem Chain: Lubricant Additives
Figure 9. MEA Lubricant Additives Market Impact Analysis of Drivers and Restraints
Figure 10. MEA Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. MEA Lubricant Additives Market Revenue Share, By Type (2020 and 2028)
Figure 12. MEA Dispersants: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. MEA Viscosity Index Improvers: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. MEA Detergents: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. MEA Antiwear Agent: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. MEA Emulsifiers: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. MEA Others: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. MEA Lubricant Additives Market Revenue Share, By Application (2020 and 2028)
Figure 19. MEA Automotive : Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. MEA Industrial : Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Middle East and Africa: Lubricant Additives Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. South Africa: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. Saudi Arabia: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. UAE: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of MEA: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
- Evonik Industries AG.
- The Lubrizol Corporation.
- LANXESS.
- Nouryan.
- EXXON MOBIL CORPORATION.
- Croda international plc.
- Chevron Corporation.
- BASF SE.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa Lubricant Additives market forecast.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa Lubricant Additives market forecast, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the lubricant additives, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.