Middle East and Africa Lubricants Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Base Oil (Mineral Oil, Synthetic, Bio-Based Lubricants, and Others), Product Type (Engine Oil, Hydraulic Oil, Gear Oil, Grease, Compressor Oil, and Others), and End Use (Oil & Gas, Industrial, Chemical, Automotive, Marine, and Others)

Code: TIPRE00027449 | Pages: 153 | Industry: Chemicals and Materials | Date: Mar 2022 | Type: Regional

The lubricants market in MEA is expected to grow from US$ 9.85 billion in 2021 to US$ 11.25 billion by 2028; it is estimated to grow at a CAGR of 1.9% from 2021 to 2028.

 

Synthetic lubricants are most widely used in industrial operations and the automotive sector due to their beneficial advantages. Thus, growth prospects in industrial applications and the automotive industry are fueling the demand for synthetic lubricants. Synthetic lubricants are most widely preferred due to their superior characteristics to natural mineral oil. It is used across vertical industries, which requires a high level of consistency. Polyalphaolefin lubricant is the most common synthetic oil widely used in the automotive and industrial sectors. It has excellent physical and chemical properties, such as higher viscosity index, lower volatility, lower pour point, and greater thermal stability. Due to these properties, it is widely preferred among consumers and is expected to trend in the market over the coming years.

Group III and IV base oils are high-quality oils used for high-performance application and low viscosity motor oils in technically advanced automotive engines. Stringent emission norms, better blending flexibility due to advancement in additive technology, and growing fuel efficiency standards are some of the key factors that will boost sales of high-quality group III base synthetic lubricants. It is a premium base oil that caters the complex application.

 

South Africa witnessed the highest number of COVID-19 cases in the MEA, followed by Saudi Arabia and UAE. The UAE was the first country in MEA to report a confirmed case of COVID-19. Various chemicals & materials companies remained closed due to the pandemic, which led to the reduced sale of products, hampering the MEA lubricants market. However, the current surge in demand for oil & gas across various industry verticals is fueling the demand for lubricants. The pandemic has significantly slowed down the production of lubricants as well.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA lubricants market. The MEA lubricants market is expected to grow at a good CAGR during the forecast period.

 

MEA Lubricants Market Revenue and Forecast to 2028 (US$ Billion)

MEA Lubricants Market Revenue and Forecast to 2028 (US$ Billion)

Get more information on this report :

MEA Lubricants Market Segmentation

 

MEA Lubricants Market – By Base Oil

  • Mineral Oil
  • Synthetic
  • Bio-Based Lubricants
  • Others

MEA Lubricants Market – By Product Type

  • Engine Oil
  • Hydraulic Oil
  • Gear Oil
  • Grease
  • Compressor Oil
  • Others

MEA Lubricants Market – By End Use

  • Oil and Gas
  • Industrial
  • Chemical
  • Automotive
  • Marine
  • Others

MEA Lubricants Market, by Country

  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of MEA

MEA Lubricants Market - Companies Mentioned

  • BP plc
  • Chevron Corporation
  • China Petrochemical Corporation (Sinopec)
  • Exxon Mobil Corporation
  • Fuchs
  • Indian Oil Corporation Ltd
  • Lukoil
  • Royal Dutch shell plc
  • Total
  • Valvoline LLC
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

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 Lubricants Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.3         Expert Opinion

4.4         Value Chain Analysis

4.4.1        Raw Material:

4.4.2        Manufacturing/Process:

4.4.3        End Use:

5.           MEA Lubricants Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Automobile Sector at High Rise

5.1.2        MEA Witnessing Rapid Industrial Growth

5.2         Restraints

5.2.1        Constant Change in Lubricants Specifications

5.3         Market Opportunities

5.3.1        Wind Energy Industry Raising Demand for Lubricants

5.4         Future Trend

5.4.1        Significant Need for Synthetic Lubricants

5.5         Impact Analysis of Drivers and Restraints

6.           Lubricants Market – MEA Analysis

6.1         Lubricants Market Overview

6.2         MEA Lubricants Market –Revenue and Forecast to 2028 (US$ Billion)

7.           MEA Lubricants Market - By Base Oil

7.1         Market Overview

7.2         MEA Lubricants Market, By Base Oil (2020 and 2028)

7.3         Mineral Oil

7.3.1        Mineral Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

7.4         Synthetic

7.4.1        Synthetic: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

7.5         Bio Based Lubricants

7.5.1        Bio Based Lubricants: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

7.6         Others

7.6.1        Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

8.           MEA Lubricants Market - By Product Type

8.1         Market Overview

8.2         MEA Lubricants Market, By Product Type (2020 and 2028)

8.3         Engine Oil

8.3.1        Engine Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

8.4         Hydraulic Oil

8.4.1        Hydraulic Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

8.5         Gear Oil

8.5.1        Gear Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

8.6         Grease

8.6.1        Grease: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

8.7         Compressor Oil

8.7.1        Compressor Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

8.8         Others

8.8.1        Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

9.           MEA Lubricants Market Analysis – By End-Use Industries

9.1         Overview

9.2         MEA Lubricants Market, By End-Use Industries (2020 and 2028)

9.3         Oil and Gas

9.3.1        Oil and Gas: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

9.4         Industrial

9.4.1        Industrial: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

9.5         Chemical

9.5.1        Chemical: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

9.6         Automotive

9.6.1        Automotive: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

9.7         Marine

9.7.1        Marine: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

9.8         Others

9.8.1        Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

10.        MEA Lubricants Market – Country Analysis

10.1      Overview

10.1.1     Middle East and Africa: Lubricants Market , by Key Country

10.1.1.1       South Africa: Lubricants Market –Analysis and Forecast to 2028 (US$ Billion)

10.1.1.1.1       South Africa: Lubricants Market , by Base Oil

10.1.1.1.2       South Africa: Lubricants Market, by Product Type

10.1.1.1.3       South Africa: Lubricants Market , by End-Use Industry

10.1.1.2       Saudi Arabia: Lubricants Market –Analysis and Forecast to 2028 (US$ Billion)

10.1.1.2.1       Saudi Arabia: Lubricants Market , by Base Oil

10.1.1.2.2       Saudi Arabia: Lubricants Market , by Product Type

10.1.1.2.3       Saudi Arabia: Lubricants Market , by End-Use Industry

10.1.1.3       UAE: Lubricants Market –Analysis and Forecast to 2028 (US$ Billion)

10.1.1.3.1       UAE: Lubricants Market , by Base Oil

10.1.1.3.2       UAE: Lubricants Market , by Application

10.1.1.3.3       UAE: Lubricants Market, by End-Use Industry

10.1.1.4       Rest of the Middle East and Africa: Lubricants Market –Analysis and Forecast to 2028 (US$ Billion)

10.1.1.4.1       Rest of the Middle East and Africa: Lubricants Market, by Base Oil

10.1.1.4.2       Rest of the Middle East and Africa: Lubricants Market, by Product Type

10.1.1.4.3       Rest of the Middle East and Africa: Lubricants Market , by End-Use Industry

11.        Impact of COVID-19

11.1      MEA: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      Overview

12.2      Merger & Acquisition

12.3      Business Planning and Strategy

12.4     Expansion & Collaboration

12.5      Product News

13.        Company Profiles

13.1      Royal Dutch Shell plc

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      EXXON MOBIL CORPORATION

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Total

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Chevron Corporation

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      BP p.l.c.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Lukoil

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      FUCHS

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Valvoline LLC

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      Indian Oil Corporation Ltd

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10   China Petrochemical Corporation (Sinopec)

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Glossary of Terms

 


LIST OF TABLES

Table 1.             MEA Lubricants Market –Revenue and Forecast to 2028 (US$ Billion)

Table 2.             South Africa Lubricants Market, by Base Oil – Revenue and Forecast to 2028 (US$ Billion)

Table 3.             South Africa Lubricants Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)

Table 4.             South Africa Lubricants Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Billion)

Table 5.             Saudi Arabia Lubricants Market, by Base Oil – Revenue and Forecast to 2028 (US$ Billion)

Table 6.             Saudi Arabia Lubricants Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)

Table 7.             Saudi Arabia Lubricants Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Billion)

Table 8.             UAE Lubricants Market, by Base Oil – Revenue and Forecast to 2028 (US$ Billion)

Table 9.             UAE Lubricants Market, by Application – Revenue and Forecast to 2028 (US$ Billion)

Table 10.          UAE Lubricants Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Billion)

Table 11.          Rest of the Middle East and Africa Lubricants Market, by Base Oil – Revenue and Forecast to 2028 (US$ Billion)

Table 12.          Rest of the Middle East and Africa Lubricants Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)

Table 13.          Rest of the Middle East and Africa Lubricants Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Billion)

Table 14.          Glossary of Terms, MEA Lubricants Market

 


LIST OF FIGURES

Figure 1.           MEA Lubricants Market Segmentation

Figure 2.           MEA Lubricants Market Segmentation – By Country

Figure 3.           MEA Lubricants Market Overview

Figure 4.           Mineral Oil Segment Held the Largest Share of MEA Lubricants Market

Figure 5.           Rest of MEA Held the Largest Share of MEA Lubricants Market

Figure 6.           Expert Opinion

Figure 7.           Value Chain Analysis: MEA Lubricants Market

Figure 8.           Composition of Raw Materials

Figure 9.           MEA Lubricants Market Impact Analysis of Drivers and Restraints

Figure 10.        MEA: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 11.        MEA Lubricants Market Revenue Share, By Base Oil (2020 and 2028)

Figure 12.        MEA Mineral Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 13.        MEA Synthetic: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 14.        MEA Bio Based Lubricants: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 15.        MEA Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 16.        MEA Lubricants Market Revenue Share, By Product Type (2020 and 2028)

Figure 17.        MEA Engine Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 18.        MEA Hydraulic Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 19.        MEA Gear Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 20.        MEA Grease: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 21.        MEA Compressor Oil: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 22.        MEA Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 23.        MEA Lubricants Market Breakdown, by End-Use Industries (2020 and 2028)

Figure 24.        MEA Oil and Gas: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 25.        MEA Industrial: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 26.        MEA Chemical: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 27.        MEA Automotive: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 28.        MEA Marine: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 29.        MEA Others: Lubricants Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 30.        Middle East and Africa: Lubricants Market, by key Country – Revenue (2020) (US$ Billion)

Figure 31.        Middle East And Africa: Lubricants Market Revenue Share, By Key Country (2020 And 2028)

Figure 32.        South Africa: Lubricants Market –Revenue and Forecast to 2028 (US$ Billion)

Figure 33.        Saudi Arabia: Lubricants Market –Revenue and Forecast to 2028 (US$ Billion)

Figure 34.        UAE: Lubricants Market –Revenue and Forecast to 2028 (US$ Billion)

Figure 35.        Rest of the Middle East and Africa: Lubricants Market –Revenue and Forecast to 2028 (US$ Billion)

Figure 36.        Impact of COVID-19 Pandemic on Lubricants in MEA

 

  1. BP plc
  2. Chevron Corporation
  3. China Petrochemical Corporation (Sinopec)
  4. Exxon Mobil Corporation
  5. Fuchs
  6. Indian Oil Corporation Ltd
  7. Lukoil
  8. Royal Dutch shell plc
  9. Total
  10. Valvoline LLC
Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$3000
Site License
$4000
Enterprise License
$5000