Oman Lubricants Market is forecasted to grow further into USD ~ Bn opportunity by 2027F: Ken Research

Oman's Growing Construction Sector: The Sultanate of Oman's real estate market is expected to continue move forward rapidly and favorably as a consequence of major attention of investors directed towards real estate in Oman. The Omani government places a higher priority on housing affordability and accessibility. The "Homes for All Citizens" campaign stimulated demand for low-cost homes, resulting in much-needed liquidity in the market. Leading to more construction works and more demand for lubricants in the construction sector.

Oman Automotive Lubricants Market: Lubricants are frequently utilized in automotive applications such as transmission and heavy-duty diesel engine oils for passenger automobiles. Lubricants are also employed in various auto operations, such as the movement of chains and pistons. The Oman automotive market is expected to grow at alarming rates in the coming years. Rising oil production, increased building and infrastructure development activities, and rising promotional offers such as low or zero percent financing rates, cash gifts, and extended insurance and service plans are likely to drive up automotive sales in the nation throughout the projection period.

Higher charges levied on Lubricant Marketing Companies: Since 2009, all oil marketing businesses in Oman have been required to pay the Omani government a licencing fee of 0.004 baiza (one thousandth of a rial) for every Omani rial earned. The charge has put pressure on margins, resulting in a significant impact on the lubricants industry. Prices in the retail and commercial sectors are set by oil marketing corporations, whereas prices in the aviation and marine sectors are impacted by international market prices.

Analysts at Ken Research in their latest publication "Oman Lubricants Market Outlook to 2027F" Driven by Growth in Crude Oil Import and Rising Sales of vehicles in the Country" by Ken Research observed the potential of Lubricant Market Outlook in Oman. The rise in industrial sector, along with increase in transportation, industrial and mining services and also increase in heavy duty vehicles, implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecast period. The Oman Lubricant Market is expected to grow at ~% CAGR over the forecasted period 2023-2027F.

Key Segments Covered in the report

Oman Lubricants Market, 2017-2027F

By Type of Lubricant

Industrial Lubricant
Automotive Lubricant
By Grade of Lubricant
Mineral
Semi-Synthetic
Synthetic

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Oman Industrial Lubricants Market Segmentations

By Type of Industrial Lubricant (2022 & 2027)
Process oil
Hydraulic oil
Gear oil
Grease
By Type of end use of industrial lubricant (2022 & 2027)
General manufacturing
Metal & mining
Construction
Power generation
By Type of distribution channel in industrial lubricant (2022 & 2027)
Dealers and distributors
Direct sales

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Oman Automotive Lubricants Market Segmentations

By Type of automotive lubricant (2022 & 2027)
Heavy duty diesel engine oil
Motorcycle oil
Passenger vehicle motor oil
Grease

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By Type of end use of automotive lubricant (2022 & 2027)
Commercial vehicles
Motor cycle
Passenger cars
Marine
Aviation
By Type of distribution channel in automotive lubricant (2022 & 2027)
Dealers and distributers network
OEM workshops and service station
Online retail

Key Target Audience

Lubricants Manufacturers
Lubricants Distributors Refining Companies
Construction and Mining Industry
General Manufacturing Industry
Metal Production Industry Base-oil Companies
Additive Companies
Metal Production Industry
Power Generation Industry
Food Processing Industry
Agriculture Industry
Medical Industry
Automotive OEMs
Automotive Dealerships
Government Agencies
Consulting and Advisory Firms

Time Period Captured in the Report:

Historical Period: 2017-2021
Base Period: 2022
Forecast Period: 2023-2027F

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Companies Covered:

Oman Oil Marketing Company
Oil industry company ( OQ)
Hascol Petroleum
Oryx Lubes & Greases
Tek Kazakhstan
Arte Bunkeringg
Lotus Oil Oman
BP
Occidental
Shell
Total
Partex

Key Topics Covered in the Report

Country Overview of Oman
Oman Trade Analysis
Lubricants Supply and Demand Statistics
Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries
Oman Automotive Industry
Region wise Cars and motorcycles Registration in Oman
Cross comparison of Southeast Asian Countries on the basis of Number of Motor Vehicles and Sold by Country
Ecosystem of major Entities in Oman Lubricants Market
Business Cycle and Genesis of Oman Lubricants Market
Timeline of major Players in Oman Lubricants Market
Value Chain Analysis for Oman Lubricants Market
Oman Automotive & Industrial Lubricants Market Segmentation
SWOT Analysis for Oman Lubricants Market
Porter's Five Forces Analysis of Oman Lubricants Market
Growth Enablers in Oman Lubricants Market
Bottlenecks and Challenges in Oman Lubricants Market
Trends and Developments in Oman Lubricants Market
Oman Lubricants Market Regulations
Tax Rates for Lubricants in Oman
End User Analysis of Oman Lubricants Market
Pricing Analysis of Automotive and Industrial Lubricants
Strengths and Weaknesses of the major Industrial & Automotive Lubricant market Players
Cross Comparison of Major Players in Oman Lubricants Market
Covid-19 Impact on Oman Lubricant Market
Future Outlook and market Size for Oman Lubricant Market
Future Segmentation for Oman Industrial Lubricant Market
Future Segmentation for Oman Automotive Lubricant Market
Market Opportunities and Analyst Recommendations
Analyst Recommendations
Research Methodology

For more information on the research reports, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/oman-lubricants-market-outlook-to-2027/596265-100.html

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