Middle East Lubricant and Grease Market Segmented Application and Geography Trends, Growth and Forecasts 2025-2031

The Middle East lubricant and grease market was valued at $11.5 billion in 2021 and is projected to reach $16.1 billion by 2031, growing at a CAGR of 3.5% from 2022 to 2031. This report by Allied Market Research provides an in-depth analysis of market dynamics, including top investment opportunities, winning strategies, key drivers, competitive landscape, and emerging trends, making it an essential resource for industry stakeholders.

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Key Drivers

- Growth in automotive manufacturing and shipbuilding

Opportunities

- Upcoming construction projects and rising demand for eco-friendly lubricants

Restraints

- Increasing adoption of electric vehicles

Segmental Analysis:

By Product Type

- Heavy Duty Engine Oils (HDEO): Accounted for over 25% of market revenue in 2021 and is expected to maintain dominance.

- Turbine Oils: Projected to grow at the fastest CAGR of 4.5% during the forecast period.

- Other segments: Hydraulic Fluids, Passenger Car Motor Oil (PCMO), Gear Oil, Greases, and Compressor Oil.

By Application

- Automotive: The largest segment, accounting for nearly 60% of the market in 2021.

- Power Generation: Expected to grow at the highest CAGR of 4.3% from 2022 to 2031.

- Other applications: Heavy Equipment, Food & Beverage, Chemical Manufacturing, and Others.

By Country:

- Iran: Held the largest market share (25%) in 2021.

- Saudi Arabia: Expected to witness the fastest CAGR of 4.6% through 2031.

- Other key countries: UAE, Kuwait, Bahrain, Qatar, and Rest of Middle East.

Key Market Players:

- Petromin

- Armor Lubricants

- Total

- Behran Oil Co.

- Idemitsu Kosan Co., Ltd.

- FUCHS

- Exxon Mobil Corporation

- GULF OIL Middle East Limited (GULF OIL International)

- Emarat

- Aljomaih And Shell Lubricating Oil Company Limited

These companies are adopting strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their market position.

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