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)
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 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
- BP plc
- Chevron Corporation
- China Petrochemical Corporation (Sinopec)
- Exxon Mobil Corporation
- Fuchs
- Indian Oil Corporation Ltd
- Lukoil
- Royal Dutch shell plc
- Total
- Valvoline LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA lubricants market
- 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 the MEA lubricants market, 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 MEA market trends and outlook coupled with the factors driving the lubricants market, 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