GCC Automotive Lubricants

GCC Automotive Lubricants Market Research Report: Forecast (2022-2027)

By Type (Engine Oil, Gear Oil, Transmission Fluids, Brake Fluids, Greases, Coolants & Antifreezes, Others (Additives, Oil Bender, etc.)), By Base Oil (Mineral Oil Lubricants, Synthetic Lubricants, Sem Read more

  • Automotive
  • Sep 2022
  • 167
  • AT22022

Market Definition

Automotive lubricants are fluids comprised of base oils and additives intended to reduce friction between surfaces and the contacts such as vehicles or roads. By reducing friction, these lubricants are meant to protect parts of the vehicle & enhance the overall efficiency and lifespan. Besides, lubricants also act as a noise-reducing cushion, coolant, and sealant between engine piston rings and cylinder walls.

Market Insights

The GCC Automotive Lubricants Market is projected to grow at a CAGR of around 3.0% during the forecast period, i.e., 2022-27. The market is swiftly driven by the increased production of vehicles leading to tremendous growth in the automotive industry over the years, demonstrating an up-thrust for better-performing lubricants. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-27) 3.0 %
Region Covered Saudi Arabia, The UAE, Oman, Qatar, Kuwait, Bahrain
Key Companies Profiled ADNOC, Aramco, Chevron Lubricants, Gulf Oil International, FUCHS Lubricants Germany GMBH, Exxon Mobil, British Petroleum, Valvoline, Total Energies, Oscar Lubricants LLC, Kuwait Lube Oil Co., EPCCO Lubricants, Others
Unit Denominations USD Million/Billion

 

In addition, the current inclination of consumers & manufacturers toward environment-friendly products is also paving the way for chemical-free bio-based automotive lubricants, resulting in a vast influx of funds by prominent players in the market. Besides, the wide utility of these lubricants in oil & gas exploration is another aspect fostering the growth of the GCC Automotive Lubricant Market. 

Another growth-inducing factor is the growing affinity for heavy-duty motor vehicle engine oils to endure adverse geographical conditions and emission standards in on & off-highway heavy vehicles, further catalyzing the market growth for GCC Automobile lubricants. Moreover, the concerted efforts made by the companies to advance their products and to expand their portfolios for automotive lubricants accompanying large-scale ventures and acquisitions shall further prompt the upward trajectory of the market. For instance,

  • In 2020, Karwa Motors established its new manufacturing unit dedicated to producing buses in Oman, paving the way for augmented demand for automotive lubricants.

Further, with initiatives such as Abu Dhabi Vision 2030 and Dubai Plan 2021, countries like UAE, being the second largest automotive market in the GCC hint toward a potential for the automotive lubricants industry to further expand in the coming years. The active participation of the governments in promoting the automotive industry further enthralled market growth. For instance, 

  • Qatar, being the host country for FIFA World cup 2022, rigorously invests in the construction and renovation of infrastructural facilities, including expressways, stadiums, and local road projects that are expected to boost the production of commercial vehicles and, ultimately, GCC Automobile lubricant industry.

  1. Market Segmentation
  2. Introduction
    1. Research Process
    2. Assumption
    3. Market Definition
  3. Executive Summary
  4. Impact of COVID-19 on GCC Automotive Lubricants Market
  5. GCC Automotive Lubricants Market Trends & Insights
  6. GCC Automotive Lubricants Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. GCC Automotive Lubricants Market Hotspot and Opportunities
  8. GCC Automotive Lubricants Market Supply Chain Analysis
  9. GCC Automotive Lubricants Market Policies, Regulations, Material Type Standards
  10. GCC Automotive Lubricants Market Outlook, 2017- 2027F
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons)
    2. Market Share and Analysis
      1. By Type
        1. Engine Oil
        2. Gear Oil
        3. Transmission Fluids
        4. Brake Fluids
        5. Greases
        6. Coolants & Antifreezes
        7. Others (Additives, Oil Bender, etc.)
      2. By Base Oil
        1. Mineral Oil Lubricants
        2. Synthetic Lubricants
        3. Semi-Synthetic Lubricants
      3. By Vehicle Type
        1. Two-Wheelers
        2. Passenger Cars
        3. Commercial Vehicles
          1. Light-Weight Commercial Vehicles
          2. Heavy-Weight Commercial Vehicles
      4. By Countries
        1. Saudi Arabia
        2. The UAE
        3. Oman
        4. Qatar
        5. Kuwait
        6. Bahrain
      5. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
  11. Saudi Arabia Automotive Lubricants Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share and Analysis
      1. By Type
      2. By Vehicle Type
  12. The UAE Automotive Lubricants Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share and Analysis
      1. By Type
      2. By Vehicle Type
  13. Oman Automotive Lubricants Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume (in Tons)
    2. Market Share and Analysis
      1. By Type
      2. By Vehicle Type
  14. Qatar Automotive Lubricants Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share and Analysis
      1. By Type
      2. By Vehicle Type
  15. Kuwait Automotive Lubricants Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share and Analysis
      1. By Type
      2. By Vehicle Type
  16. Bahrain Automotive Lubricants Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share and Analysis
      1. By Type
      2. By Vehicle Type
  17. GCC Automotive Lubricants Market Key Strategic Imperatives for Success and Growth
  18. Competitive Outlook
    1. Competition Matrix
      1. Material Type Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target Material Types
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Material Type Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. ADNOC
      2. Aramco
      3. Chevron Lubricants
      4. Gulf Oil International
      5. FUCHS Lubricants Germany GMBH
      6. Exxon Mobil
      7. British Petroleum
      8. Vavoline
      9. Total Energies
      10. Oscar Lubricants LLC
      11. Kuwait Lube Oil Co.
      12. EPCCO Lubricants
      13. Others
  19. Disclaimer
GCC Automotive Lubricants Market Segmentation Slide
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