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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Saudi Arabia Lubricants Market: By Base Oil, By Product Type By End User and Country
Saudi Arabia lubricants market size is valued at US$ 1,378.9 million in 2023, growing at a CAGR of 2.05% rate during the forecast period 2024-2030. 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.
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.
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.
Report Benchmarks |
Details |
Market Size in 2023 |
US$ 1,378.9 million |
By Base Oil |
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By Product Type |
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By End User |
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The Saudi Arabia lubricants market size is valued at US$ 1,378.9 million in 2023 and is expected to grow at CAGR2.05% during the forecast period 2024 to 2030.
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.
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, 2019-2023 and Forecast, 2024-2030 |
4.1. Market Analysis,2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1. Bio-based Oil |
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1. Compressor oil |
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.1. Transportation |
7.1.1. Aviation |
7.1.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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 |
Key Market Players