Middle East Lubricant and Grease Market Growth Drivers and Industry Forecast Through 2031

The Middle East lubricant and grease market is witnessing steady growth, driven by rising automotive production and expanding shipbuilding activities across the region. Increasing industrialization, infrastructure development, and demand from key end-use industries are further strengthening market dynamics.

According to a report by Allied Market Research, 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, registering a CAGR of 3.5% from 2022 to 2031. The study provides a comprehensive analysis of investment opportunities, growth strategies, market trends, competitive landscape, and key segments to help stakeholders make informed business decisions.

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Key Market Drivers:

- Growth in automotive manufacturing across the Middle East
- Expansion of the shipbuilding industry
- Ongoing infrastructure and construction projects
- Rising demand for environmentally friendly lubricants

Market Restraint:

- Increasing adoption of electric vehicles (EVs), reducing demand for conventional lubricants

Segment Insights:-

By Product Type:

- Heavy Duty Engine Oils (HDEO) accounted for over one-fourth of total market revenue in 2021 and are expected to maintain dominance through 2031.

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

- Other analyzed segments include hydraulic fluids, passenger car motor oil (PCMO), gear oil, greases, and compressor oil.

By Application:

- The automotive segment led the market in 2021, contributing nearly three-fifths of total revenue.

- The power generation segment is anticipated to grow at the fastest CAGR of 4.3% through 2031.

- Additional applications include heavy equipment, food & beverage, chemical manufacturing, and others.

By Country:

- Iran held more than one-fourth of the total market share in 2021 and is expected to retain its leading position by 2031.

- Saudi Arabia is forecast to register the fastest CAGR of 4.6% during the study period.

- Other countries analyzed include UAE, Kuwait, Bahrain, Qatar, and the Rest of the Middle East.

Competitive Landscape:-

Leading players operating in the Middle East lubricant and grease market include:

- Exxon Mobil Corporation
- Idemitsu Kosan Co., Ltd.
- FUCHS
- TotalEnergies
- Gulf Oil International
- Petromin
- Emarat
- Behran Oil Co.
- Aljomaih And Shell Lubricating Oil Company Limited
- Armor Lubricants

These players are adopting strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their market presence and enhance their product portfolios.

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Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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