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Saudi Arabia Lubricants Market, By Base Oil (Mineral Oil Lubricant, Synthetic Lubricant, Semi-Synthetic Lubricant, Bio-based Lubricant); By Product (Engine Oil, Transmission & Hydraulic Fluid, Metalworking Fluid, General Industrial Oil, Gear Oil, Grease,

Publisher BlueWeave Consulting
Published Oct 09, 2023
Length 200 Pages
SKU # BLWC18285413

Description

Saudi Arabia Lubricants Market, By Base Oil (Mineral Oil Lubricant, Synthetic Lubricant, Semi-Synthetic Lubricant, Bio-based Lubricant); By Product (Engine Oil, Transmission & Hydraulic Fluid, Metalworking Fluid, General Industrial Oil, Gear Oil, Grease, Process Oil); By End-Use Industry (Power Generation, Automotive & Other Transportation, Heavy Equipment, Food & Beverages, Metallurgy & Metalworking, Chemical Manufacturing), Competitive Landscape & Forecast, 2019–2029


Saudi Arabia Lubricants Market Size Set to Grow at Steady CAGR of 1.9% to Reach USD 2 Billion by 2029

Saudi Arabia lubricants market is flourishing due to expanding automotive and industrial sectors, increasing vehicle ownership, infrastructural development, rising demand for high-quality lubricants, and government initiatives promoting economic diversification. These factors collectively drive the consumption of lubricants across various sectors in the country.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia lubricants market size at USD 1.76 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Saudi Arabia lubricants market size to grow at a CAGR of 1.90% reaching a value of USD 1.97 billion by 2029. The Saudi Arabia lubricants market is undergoing significant changes. The need for automotive lubricants is increasing as industries expand and vehicle ownership increases. The search for increased efficiency and lower emissions has resulted in a shift towards high-quality, technologically advanced lubricants. Further, worries about sustainability have increased demand for eco-friendly and biodegradable lubricants. The market also displays an increase in industrial lubricants, which is being driven by infrastructural expansion. Online sales channels have grown in popularity, increasing accessibility. Overall, consumer preferences for performance, sustainability, and convenience are developing in the Saudi Arabia lubricants industry.

Saudi Arabia Lubricants Market – Overview

Lubricants are substances used to reduce friction and enhance the smooth movement of mechanical components in various industries. They prevent wear and tear, dissipate heat, and protect against corrosion. Liquids, such as oils and greases, lubricants are applied to surfaces where friction occurs, like engines, machinery, and gears. They ensure efficient operation, extend equipment lifespan and maintain performance integrity. With variations like synthetic and mineral-based options, lubricants play a pivotal role in minimizing energy loss and maintaining the reliability of machines, making them essential for industrial processes and transportation sectors worldwide.

Impact of COVID-19 on Saudi Arabia Lubricants Market

The COVID-19 pandemic significantly impacted Saudi Arabia's lubricants market. Demand fluctuations occurred due to lockdowns, travel restrictions, and economic slowdowns. Industrial activities decreased, affecting lubricant consumption in sectors like manufacturing and transportation. While e-commerce and essential sectors saw some stability, overall market growth was hindered. Adapting to safety protocols, supply chain disruptions, and remote work posed challenges. As recovery efforts begin, the market adapts to a changed landscape, with potential shifts in product preferences, distribution models, and sustainability considerations as Saudi Arabia navigates its lubricants sector through the aftermath of the pandemic.

Saudi Arabia Lubricants Market – By Product

By product, Saudi Arabia lubricants market is divided into Engine Oil, Transmission and Hydraulic Fluid, Metalworking Fluid, General Industrial Oil, Gear Oil, Grease, and Process Oil segments. Engine Oil is one of the largest segments, representing a significant portion of the market demand. This segment caters to various applications in the automotive, industrial, and commercial sectors, showcasing its prominence in the lubricants industry within Saudi Arabia.

Competitive Landscape

Saudi Arabia Lubricants Market is fiercely competitive. Major companies in the market include ExxonMobil Corp., Royal Dutch Shell Co., BP PLC., Total Energies, Chevron Corp., Fuchs, Castrol India Ltd., and Amsoil Inc. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Saudi Arabia Lubricants Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Lubricants Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Lubricants Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Lubricants Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Growing transportation sector
3.2.1.2. Increase in infrastructure development
3.2.2. Restraints
3.2.2.1. Price volatility of raw material
3.2.3. Opportunities
3.2.3.1. Advancement in technology
3.2.4. Challenges
3.2.4.1. Shift towards electric vehicle
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia Lubricants Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Base Oil
4.2.1.1. Mineral Oil Lubricant
4.2.1.2. Synthetic Lubricant
4.2.1.3. Semi-synthetic Lubricant
4.2.1.4. Bio-based Lubricant
4.2.2. By Product
4.2.2.1. Engine Oil
4.2.2.2. Transmission & Hydraulic Fluid
4.2.2.3. Metalworking Fluid
4.2.2.4. General Industrial Oil
4.2.2.5. Gear Oil
4.2.2.6. Grease
4.2.2.7. Process Oil
4.2.2.8. Others
4.2.3. By End-Use Industry
4.2.3.1. Power Generation
4.2.3.2. Automotive & Other Transportation
4.2.3.3. Heavy Equipment
4.2.3.4. Food & Beverages
4.2.3.5. Metallurgy & Metalworking
4.2.3.6. Chemical Manufacturing
4.2.3.7. Others
5. Competitive Landscape
5.1. List of Key Players and Their Offerings
5.2. Saudi Arabia Lubricants Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Saudi Arabia Lubricants Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
7.1. ExxonMobil Corp.
7.2. Royal Dutch Shell Co.
7.3. BP PLC.
7.4. Total Energies
7.5. Chevron Corp.
7.6. Fuchs
7.7. Castrol India Ltd.
7.8. Amsoil Inc.
7.9. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Saudi Arabia Lubricants Segmentation
Figure 2 Saudi Arabia Lubricants Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Saudi Arabia Lubricants Market Size, By Value (USD Million), 2019–2029
Figure 5 Saudi Arabia Lubricants Market Share, By Base Oil, By Value, 2019–2029
Figure 6 Saudi Arabia Lubricants Market Share, By Product, By Value, 2019–2029
Figure 7 Saudi Arabia Lubricants Market Share, By End-Use Industry, By Value, 2019–2029
List of Tables
Table 1 Saudi Arabia Lubricants Market Size, By Value (USD Million), 2019–2029
Table 2 Saudi Arabia Lubricants Market Size, By Base Oil, By Value, 2019–2029
Table 3 Saudi Arabia Lubricants Market Size, By Product, By Value, 2019–2029
Table 4 Saudi Arabia Lubricants Market Size, By End-Use Industry, By Value, 2019–2029
Table 5 ExxonMobil Corp. Company Overview
Table 6 ExxonMobil Corp. Financial Overview
Table 7 Royal Dutch Shell Co. Company Overview
Table 8 Royal Dutch Shell Co. Financial Overview
Table 9 BP PLC Company Overview
Table 10 BP PLC Financial Overview
Table 11 Total Energies Company Overview
Table 12 Total Energies Financial Overview
Table 13 Chevron Corp. Company Overview
Table 14 Chevron Corp. Financial Overview
Table 15 Fuchs Company Overview
Table 16 Fuchs Financial Overview
Table 17 Castrol India Ltd Company Overview
Table 18 Castrol India Ltd Financial Overview
Table 19 Amsoil Inc. Company Overview
Table 20 Amsoil Inc. Financial Overview

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