(MENAFN- America News Hour) Market Study Report LLC has added a new report on Middle East Finished Lubricants market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Middle East Finished Lubricants market in tandem with its competitive terrain.
The Middle East finished lubricants market size is projected to reach USD 2.14 billion by 2026 growing at a CAGR of 6.5% during the forecast period, as per a new research report.
The report ‘Middle East Middle East finished lubricants
Market Share, Size, Trends, & Industry Analysis Report, [By Type (Metal
Working Fluids, Transformer, Gear, Hydraulic & Engine Oils), By Base Oil
Source, By Grade, by Application, By End-Use: Segment Forecast, 2018 - 2026'
offers a wide analysis of different types of lubricants in Middle East along
with insights related to current and future trends in the market. Growing
demand from end-use industries for several wide range of lubricant types for
different functionality is the primary factor driving the market. Metal working
fluids have experienced the highest demand in the past two years in the region
apart from increasing demand for automotive lubricants.
Middle East finished lubricants market is dominated with
sales from the multinational players. To name some of them would include Shell
Oman Marketing Company, Al Maha Petroleum Products Marketing Co. S.A.O.C, TOTAL
Lubricants, JX Nippon Oil & Energy Middle East & Africa FZE, Oman Oil
Marketing Company (Omanoil), ExxonMobil, British Petroleum, and Castrol.
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Metalworking fluids demand constituted for a substantial
share of the industry sales. The metalworking facilities uses lubricants for
several different applications, including grinding, stamping and machining.
These products also serve as lubricants or coolants, which depends on the
application functionality requirement.
Middle East is a lucrative market space for the lubricant
suppliers. However, due to the market dominance of the leading industry
participants in the country it makes it a highly competitive environment for
the new and small-scale players in the industry. Strategic distribution and
supply systems play the most crucial part for customer retention and also
increasing penetration of target markets.
The worldwide supply chains have been facing rising
product portfolio and customer complexity lately. Heightening and demand for
variety of finished lubricants type from several developing industries in the
region have forced the industry participants to focus at unique ways to
transform the existing ways to drive efficiencies. And also, to offer lower
cost products, quality customer service and overall whilst lowering inventory
and working capital.
Shell Oman Oil Marketing Company has been the leading
lubricant brand selling a wide range of finished lubricants in the region in
2017 and till July 2018 as well. The company's demand driven planning helped it
remain ahead of the competition not only in the Middle East but also in the
global lubricant market. The company revealed that in order to overcome the
increasing complexity in consumer demand, it makes use of inventory buffers in
order to break the bullwhip effect in the supply chain.
As per the cross-industry survey from Terra Technologies
(E2open), it showed that as the number of finished lubricants sold upsurges,
the overall amount sold remains pretty flat in most industries. Hence, as the
sales volume of every product goes down, it can be anticipated that forecasting
of SKU levels gets more tougher the wider the product portfolio is.
Finished lubricants manufacturers in the region have been
very much focused on the base oil grades that are used for formulation of
lubricants as industrial consumers have been very specific to their demands for
their product characteristics. Grade 2 segment is anticipated to grow at a CAGR
of 3.8% from 2018 to 2026 in terms of revenue generated and account for around
36% of expected demand by 2026. Grade 1
lubricants segment is expected to experience a moderate growth over the
forecast period.
The Report has segmented the Middle East Finished
Lubricants market on the basis of product, engine oils viscosity, application,
end-use and country:
Middle East Finished Lubricants Product Outlook
Metalworking
fluids
Transformer
Oils
Gear Oils
Hydraulic Oils
Engine Oils
Middle East Finished Lubricants Engine Oils Viscosity
Outlook
0W, 5W, 10W
15W, 20W, 25W
Middle East Finished Lubricants Base Oil Grade Outlook
Grade 1
Grade 2
Grade 3
Grade 4 & 5
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Middle East Finished Lubricants Application Outlook
Compressor
Transformers
Bearings
Natural Gas
Engines
Hydraulics
Metal Working
Heat Transfer
Equipment
Others
Middle East Finished Lubricants End-Use Outlook
Automotive
Oil Refining
Textile
Manufacturing
Metalworking
Petrochemical
Industrial
Others
Middle East Finished Lubricants Country Outlook
Saudi Arabia
UAE
Qatar
Morocco
Egypt
Kuwait
Oman
Bahrain
Rest of Middle
East
Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-aways
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Middle East Finished Lubricants Market Insights
4. Middle East Finished Lubricants Market Size and
Forecast by Type
5. Middle East Finished Engine Oil Market Size and
Forecast by Viscosity
6. Middle East Finished Lubricants Market Size and
Forecast by Base Oil Source
8. Middle East Finished Lubricants Market Size and
Forecast by Application
9. Middle East Finished Lubricants Market Size and
Forecast by End-use
10. Middle East Finished Lubricants Market Size and
Forecast by Country
11. Company Profiles
11.1. ExxonMobil Corporation
11.2. Royal Dutch Shell PLC.
11.3. Chevron Corporation
11.4. British Petroleum
11.5. Mosil Lubricants
11.6. Bharat Lubricants
11.7. Oman Oil Marketing Company
11.8. Arabol Lubricants
11.9. Sunoco Lubricants
11.10. S. Lubricants
11.10.1. Overview
11.10.2. Financials
11.10.3. Product Type Benchmarking
11.10.4. Recent Developments
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