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Saudi Arabia Lubricants Market: By Base Oil, By Product Type By End User and Country Forecast 2020-2031
Saudi Arabia Lubricants Market: By Base Oil, By Product Type By End User and Country Forecast 2020-2031
Saudi Arabia lubricants market size was valued at US$ 1,407.2 million in 2024 and is expected to reach US$ 1,621.9 million by 2031, growing at a significant CAGR of 2.1% from 2025-2031. 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.
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Report Benchmarks |
Details |
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Market Size in 2024 |
US$ 1,407.2 million |
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Market Size in 2031 |
US$ 1,621.9 million |
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By Base Oil |
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By Product Type |
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By End User |
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Saudi arabia lubricants market size was valued at US$ 1,407.2 million in 2024 and is expected to reach US$ 1,621.9 million by 2031, growing at a significant CAGR of 2.1%.
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, 2020-204 and Forecast 2025-2031 |
| 4.1. Market Analysis,2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.1. Bio-based Oil |
| 5.1.1. Market Analysis, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.1. Compressor oil |
| 6.1.1. Market Analysis, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.1. Transportation |
| 7.1.1. Aviation |
| 7.1.1.1. Market Analysis, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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, 2020-204 and Forecast 2025-2031 (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
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.