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Saudi Arabia Lubricants Market: Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Saudi Arabia Lubricants Market: Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Saudi Arabia Lubricants Market: by Base Oil (Bio-based Oil, Mineral Oil, Synthetic Oil), By Product Type (Compressor oil, Engine Oil, Gear Oil, Grease, Hydraulic fluid, Metalworking fluid, Turbine Oil, Others) End User (Transportation, Industrial,) and Country

 

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Report

Description

Saudi Arabia lubricants market size is valued at USD 1,378.9 million in 2021, growing at a CAGR of 2.05% rate during the forecast period 2022 to 2028. The market provides a detailed overview market, and that can be segmented by base oil, by product type and by end user. By Base Oil, the Saudi Arabia lubricants market has been segmented into Bio-based Oil, Mineral Oil, and Synthetic Oil. The synthetic oil lubricants segment is likely to be the largest and fastest-growing segment in terms of base oil. Based on Product Type, the market is segmented into Compressor oil, Engine Oil, Gear Oil, Grease, Hydraulic fluid, Metalworking fluid, Turbine Oil, and Others. Among these, the compressor oil segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on end user, the Saudi Arabia lubricants market is segmented into Transportation, and Industrial. The transportation segment accounts for the largest share in 2021.

Key Development:

In March 2022, TotalEnergies and NEXUS Automotive Extending their strategic partnership for another five years. TotalEnergies Lubricants will increase its market share in the rapidly growing N! community as a result of this cooperation, resulting in sales jump from EUR 7.2 billion in 2015 to roughly EUR 35 billion by the end of 2021.

In April 2022, ExxonMobil Corporation was divided into three business divisions as ExxonMobil Upstream Company, ExxonMobil Product Solutions, and ExxonMobil Low Carbon Solutions.

Saudi Arabia Lubricants Market

MARKET SUMMARY
-
2.05% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 2.05%

Saudi Arabia Lubricants Market

  • The report on the Saudi Arabia lubricants market gives historical, current, and future market sizes (US$ Mn) based on type, application, end-user, and region.
  •  Saudi Arabia’s lubricants market report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.
Key Players
  • Petromin
  • Aljomaih and Shell Lubricating Oil Company Limited
  • FUCHS
  • CASTROL LIMITED
  • RAF OIL INDUSTRIES LLC
  • Total
Saudi Arabia Lubricants Market Dynamics

The developing industrial sector of the country and rising use of high-performance lubricants are key market-driving factors are burgeoning the market growth over the forecast years.

Saudi Arabia Lubricants Market

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share and forecast from 2021-2027
  • The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
Saudi Arabia lubricants market Segmentation

segmentation-block-image

by Base Oil

    • Bio-based Oil,
    • Mineral Oil,
    • Synthetic Oil
segmentation-block-image

By Product Type

    •  Compressor oil
    • Engine Oil
    • Gear Oil
    • Grease
    • Hydraulic fluid
    • Metalworking fluid
    • Turbine Oil
    • Others
segmentation-block-image

End User

    • Transportation,
    • Industrial
    •  Country
Location

GEOGRAPHY

Frequently Asked Questions

The Saudi Arabia lubricants market size is valued at USD 1,378.9 million in 2021 and is expected to grow at CAGR2.05% during the forecast period 2022 to 2028.

Increased drain intervals in the automotive and industrial sectors will probably going to restrict market growth.

The major key players are Petromin Corporation, Exxon Mobil, Shell (JOSLOC), Castrol, Alhamrani-Fuchs Petroleum Saudi Arabia, Mobil (Delta Group), Petronas (Unified Lubricants Company), Chevron Al Bakri Lubricants Company,Raf Oil Industries, Gulf Oil Middle East Limited,  Chevron AlBakri Lubricants Company (Caltex), Haji Abdullah Alireza & Co. Ltd, United Lube Oil Company. (UNILUBE), Amsoil, Arabian Plant for Lubricants and Greases (APLG), United Lube Oil Company. (UNILUBE), Yanbu United Industrial Ser.

Report

Table Of Content

1. Executive Summary
2. Saudi Arabia Lubricants Market Introduction
2.1. Saudi Arabia Lubricants Market – Taxonomy
2.2. Saudi Arabia Lubricants Market –Definitions
2.2.1. Base Oil
2.2.2. Product Type
2.2.3. End User
3. Saudi Arabia Lubricants Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Saudi Arabia Lubricants Market Dynamic Factors – Impact Analysis
3.6. Saudi Arabia Lubricants Market – Competition Landscape
3.7. Epidemiology
4. Saudi Arabia Lubricants Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Saudi Arabia Lubricants Market, By Base Oil, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
5.1. Bio-based Oil
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Mineral Oil
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Synthetic Oil
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Saudi Arabia Lubricants Market Forecast, By Product Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1. Compressor oil
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Engine Oil
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Gear Oil
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Grease
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Hydraulic fluid
6.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Metalworking fluid
6.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Turbine Oil
6.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
6.8. Others
6.8.1. Transformer Oil
6.8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
6.8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.1.3. Market Opportunity Analysis
6.8.2. Refrigeration Oil
6.8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
6.8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.2.3. Market Opportunity Analysis
6.8.3. Textile Machinery Lubricants
6.8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
6.8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3.3. Market Opportunity Analysis
7. Saudi Arabia Lubricants Market, By End User, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.1. Transportation
7.1.1. Aviation
7.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.1.3. Market Opportunity Analysis
7.1.2. Commercial vehicles
7.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.2.3. Market Opportunity Analysis
7.1.3. Marine
7.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3.3. Market Opportunity Analysis
7.1.4. Passenger vehicles
7.1.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.4.3. Market Opportunity Analysis
7.1.5. Railways
7.1.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.5.3. Market Opportunity Analysis
7.2. Industrial
7.2.1. Automobile Manufacturing
7.2.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.1.3. Market Opportunity Analysis
7.2.2. Cement Production
7.2.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.2.3. Market Opportunity Analysis
7.2.3. Chemical
7.2.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3.3. Market Opportunity Analysis
7.2.4. Construction
7.2.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.4.3. Market Opportunity Analysis
7.2.5. Food Processing
7.2.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.5.3. Market Opportunity Analysis
7.2.6. Mining & Metal
7.2.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.2.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.6.3. Market Opportunity Analysis
7.2.7. Oil & Gas
7.2.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.2.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.7.3. Market Opportunity Analysis
7.2.8. Power Generation
7.2.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.2.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.8.3. Market Opportunity Analysis
7.2.9. Textile
7.2.9.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.2.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.9.3. Market Opportunity Analysis
7.2.10. Others
7.2.10.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn)
7.2.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.10.3. Market Opportunity Analysis
8. Competition Landscape 
8.1. Strategic Dashboard of Top Market Players
8.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
8.2.1. Petromin
8.2.2. Aljomaih and Shell Lubricating Oil Company Limited
8.2.3. FUCHS
8.2.4. CASTROL LIMITED
8.2.5. RAF OIL INDUSTRIES LLC
8.2.6. Total
8.2.7. Yunitco
8.2.8. APSCO Arabian Petroleum Supply Company
9. Research Methodology
10. Key Assumptions and Acronyms
Report

Company Profile

  • Petromin
  • Aljomaih and Shell Lubricating Oil Company Limited
  • FUCHS
  • CASTROL LIMITED
  • RAF OIL INDUSTRIES LLC
  • Total
  • Yunitco
  • APSCO Arabian Petroleum Supply Company

Description

Saudi Arabia lubricants market size is valued at USD 1,378.9 million in 2021, growing at a CAGR of 2.05% rate during the forecast period 2022 to 2028. The market provides a detailed overview market, and that can be segmented by base oil, by product type and by end user. By Base Oil, the Saudi Arabia lubricants market has been segmented into Bio-based Oil, Mineral Oil, and Synthetic Oil. The synthetic oil lubricants segment is likely to be the largest and fastest-growing segment in terms of base oil. Based on Product Type, the market is segmented into Compressor oil, Engine Oil, Gear Oil, Grease, Hydraulic fluid, Metalworking fluid, Turbine Oil, and Others. Among these, the compressor oil segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on end user, the Saudi Arabia lubricants market is segmented into Transportation, and Industrial. The transportation segment accounts for the largest share in 2021.

Key Development:

In March 2022, TotalEnergies and NEXUS Automotive Extending their strategic partnership for another five years. TotalEnergies Lubricants will increase its market share in the rapidly growing N! community as a result of this cooperation, resulting in sales jump from EUR 7.2 billion in 2015 to roughly EUR 35 billion by the end of 2021.

In April 2022, ExxonMobil Corporation was divided into three business divisions as ExxonMobil Upstream Company, ExxonMobil Product Solutions, and ExxonMobil Low Carbon Solutions.

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