Middle East Finished Lubricants Market Increased International Trade Opening New Opportunities by Polaris Market Research
Middle East finished lubricants market size was valued at USD 1.23 billion in 2017 and is forecasted to grow at a CAGR of 6.5% from 2018 to 2026
Middle East finished lubricants market size was valued at USD 1.23 billion in 2017 and is forecasted to grow at a CAGR of 6.5% from 2018 to 2026
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<strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong><br />
<strong>Market</strong><br />
Set to Exceed $2.14 Billion <strong>by</strong> 2026 | CAGR: 6.5%<br />
Forecast to 2020
<strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size to Reach $2.14 Billion <strong>by</strong> 2026<br />
“<strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Share, Size, Trends, & Industry Analysis<br />
Report, By Type (Metal Working Fluids, Transformer Oils, Gear Oils, Hydraulic Oils &<br />
Engine Oils), By Base Oil Source, By Grade, <strong>by</strong> Application, By End-Use: Segment<br />
Forecast, 2018 – 2026”<br />
The <strong>Middle</strong> <strong>East</strong> finished lubricants market size is projected to reach USD 2.14 billion <strong>by</strong> 2026 growing<br />
at a CAGR of 6.5% during the forecast period, as per a new research report published <strong>by</strong> <strong>Polaris</strong><br />
<strong>Market</strong> <strong>Research</strong>.<br />
Growing demand from end-use industries for several wide range of lubricant types for different<br />
functionality is the primary factor driving the market. Metal working fluids have experienced the highest<br />
demand in the past two years in the region apart from increasing demand for automotive lubricants.<br />
Metalworking fluids demand constituted for a substantial share of the industry sales. The<br />
metalworking facilities uses lubricants for several different applications, including grinding, stamping<br />
and machining. These products also serve as lubricants or coolants, which depends on the application<br />
functionality requirement.<br />
<strong>Middle</strong> <strong>East</strong> is a lucrative market space for the lubricant suppliers. However, due to the market<br />
dominance of the leading industry participants in the country it makes it a highly competitive<br />
environment for the new and small-scale players in the industry. Strategic distribution and supply<br />
systems play the most crucial part for customer retention and also increasing penetration of target<br />
markets.<br />
The worldwide supply chains have been facing rising product portfolio and customer complexity lately.<br />
Heightening and demand for variety of finished lubricants type from several developing industries in<br />
the region have forced the industry participants to focus at unique ways to transform the existing ways<br />
to drive efficiencies. And also, to offer lower cost products, quality customer service and overall whilst<br />
lowering inventory and working capital.<br />
Browse Detailed <strong>Research</strong> Report On <strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Analysis:<br />
https://www.polarismarketresearch.com/industry-analysis/middle-east-finished-lubricantsmarket<br />
Shell Oman Oil <strong>Market</strong>ing Company has been the leading lubricant brand selling a wide range of<br />
finished lubricants in the region in 2017 and till July 2018 as well. The company’s demand driven<br />
planning helped it remain ahead of the competition not only in the <strong>Middle</strong> <strong>East</strong> but also in the global<br />
lubricant market. The company revealed that in order to overcome the increasing complexity in<br />
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<strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size to Reach $2.14 Billion <strong>by</strong> 2026<br />
consumer demand, it makes use of inventory buffers in order to break the bullwhip effect in the supply<br />
chain.<br />
As per the cross-industry survey from Terra Technologies (E2open), it showed that as the number of<br />
finished lubricants sold upsurges, the overall amount sold remains pretty flat in most industries.<br />
Hence, as the sales volume of every product goes down, it can be anticipated that forecasting of SKU<br />
levels gets more tougher the wider the product portfolio is.<br />
<strong>Finished</strong> lubricants manufacturers in the region have been very much focused on the base oil grades<br />
that are used for formulation of lubricants as industrial consumers have been very specific to their<br />
demands for their product characteristics. Grade 2 segment is anticipated to grow at a CAGR of 3.8%<br />
from 2018 to 2026 in terms of revenue generated and account for around 36% of expected demand<br />
<strong>by</strong> 2026. Grade 1 lubricants segment is expected to experience a moderate growth over the forecast<br />
period.<br />
<strong>Middle</strong> <strong>East</strong> finished lubricants market is dominated with sales from the multinational players. To<br />
name some of them would include Shell Oman <strong>Market</strong>ing Company, Al Maha Petroleum Products<br />
<strong>Market</strong>ing Co. S.A.O.C, TOTAL <strong>Lubricants</strong>, JX Nippon Oil & Energy <strong>Middle</strong> <strong>East</strong> & Africa FZE, Oman<br />
Oil <strong>Market</strong>ing Company (Omanoil), ExxonMobil, British Petroleum, and Castrol.<br />
Request for sample: https://www.polarismarketresearch.com/industry-analysis/middle-eastfinished-lubricants-market/request-for-sample<br />
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<strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size to Reach $2.14 Billion <strong>by</strong> 2026<br />
Table of Contents<br />
1. Overview and Scope<br />
1.1. <strong>Research</strong> goal & scope<br />
1.2. <strong>Research</strong> assumptions<br />
1.3. <strong>Research</strong> Methodology<br />
1.3.1. Primary data sources<br />
1.3.2. Secondary data sources<br />
1.4. Key take-aways<br />
1.5. Stakeholders<br />
2. Executive Summary<br />
2.1. <strong>Market</strong> Definition<br />
2.2. <strong>Market</strong> Segmentation<br />
3. <strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Insights<br />
3.1. <strong>Middle</strong> <strong>East</strong> finished lubricants market segmentation<br />
3.2. <strong>Middle</strong> <strong>East</strong> finished lubricants industry value chain & distribution analysis<br />
3.3. Regulatory framework<br />
3.4. <strong>Middle</strong> <strong>East</strong> finished lubricants market dynamics<br />
3.4.1. <strong>Middle</strong> <strong>East</strong> finished lubricants <strong>Market</strong> driver analysis<br />
3.4.2. <strong>Middle</strong> <strong>East</strong> finished lubricants <strong>Market</strong> restraint/challenges analysis<br />
3.4.3. <strong>Middle</strong> <strong>East</strong> finished lubricants <strong>Market</strong> opportunity analysis<br />
3.5. Industry analysis - Porter's five force<br />
3.6. <strong>Middle</strong> <strong>East</strong> finished lubricants market PEST analysis<br />
3.7. <strong>Middle</strong> <strong>East</strong> finished lubricants industry : Distribution Channel Analysis<br />
3.8. Competitive company ranking and market share analysis, 2017<br />
4. <strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size and Forecast <strong>by</strong> Type<br />
4.1. Key findings<br />
4.2. Metalworking Fluids<br />
4.3. Transformer Oils<br />
4.4. Gear Oils<br />
4.5. Hydraulic Oils<br />
4.6. Engine Oils<br />
5. <strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> Engine Oil <strong>Market</strong> Size and Forecast <strong>by</strong> Viscosity<br />
5.1. Key findings<br />
5.2. 0W, 5W, 10W<br />
5.3. 15W, 20W, 25W<br />
6. <strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size and Forecast <strong>by</strong> Base Oil Source<br />
6.1. Key findings<br />
6.2. Mineral base oil<br />
6.3. Synthetic base oil<br />
6.4. Semi-synthetic base oil<br />
6.5. Others<br />
7. <strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size and Forecast <strong>by</strong> Base Oil Grade<br />
7.1. Key findings<br />
7.2. Grade 1<br />
7.3. Grade 2<br />
7.4. Grade 3<br />
7.5. Grade 4 & 5<br />
8. <strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size and Forecast <strong>by</strong> Application<br />
8.1. Key findings<br />
8.2. Compressor<br />
8.3. Transformers<br />
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<strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size to Reach $2.14 Billion <strong>by</strong> 2026<br />
8.4. Bearings<br />
8.5. Natural Gas Engines<br />
8.6. Hydraulics<br />
8.7. Metal Working<br />
8.8. Heat Transfer Equipment<br />
8.9. Others<br />
9. <strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size and Forecast <strong>by</strong> End-use<br />
9.1. Key findings<br />
9.2. Automotive<br />
9.3. Oil Refining<br />
9.4. Textile Manufacturing<br />
9.5. Metalworking<br />
9.6. Petrochemical<br />
9.7. Industrial<br />
9.8. Others<br />
10. <strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size and Forecast <strong>by</strong> Country<br />
10.1. Key findings<br />
10.2. <strong>Middle</strong> <strong>East</strong><br />
10.2.1. Saudi Arabia<br />
10.2.2. UAE<br />
10.2.3. Qatar<br />
10.2.4. Morocco<br />
10.2.5. Egypt<br />
10.2.6. Kuwait<br />
10.2.7. Oman<br />
10.2.8. Bahrain<br />
10.2.9. Rest of <strong>Middle</strong> <strong>East</strong><br />
11. Company Profiles<br />
11.1. ExxonMobil Corporation<br />
11.1.1. Overview<br />
11.1.2. Financials<br />
11.1.3. Product Type Benchmarking<br />
11.1.4. Recent Developments<br />
11.2. Royal Dutch Shell PLC.<br />
11.2.1. Overview<br />
11.2.2. Financials<br />
11.2.3. Product Type Benchmarking<br />
11.2.4. Recent Developments<br />
11.3. Chevron Corporation<br />
11.3.1. Overview<br />
11.3.2. Financials<br />
11.3.3. Product Type Benchmarking<br />
11.3.4. Recent Developments<br />
11.4. British Petroleum<br />
11.4.1. Overview<br />
11.4.2. Financials<br />
11.4.3. Product Type Benchmarking<br />
11.4.4. Recent Developments<br />
11.5. Mosil <strong>Lubricants</strong><br />
11.5.1. Overview<br />
11.5.2. Financials<br />
11.5.3. Product Type Benchmarking<br />
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<strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size to Reach $2.14 Billion <strong>by</strong> 2026<br />
11.5.4. Recent Developments<br />
11.6. Bharat <strong>Lubricants</strong><br />
11.6.1. Overview<br />
11.6.2. Financials<br />
11.6.3. Product Type Benchmarking<br />
11.6.4. Recent Developments<br />
11.7. Oman Oil <strong>Market</strong>ing Company<br />
11.7.1. Overview<br />
11.7.2. Financials<br />
11.7.3. Product Type Benchmarking<br />
11.7.4. Recent Developments<br />
11.8. Arabol <strong>Lubricants</strong><br />
11.8.1. Overview<br />
11.8.2. Financials<br />
11.8.3. Product Type Benchmarking<br />
11.8.4. Recent Developments<br />
11.9. Sunoco <strong>Lubricants</strong><br />
11.9.1. Overview<br />
11.9.2. Financials<br />
11.9.3. Product Type Benchmarking<br />
11.9.4. Recent Developments<br />
11.10. S. <strong>Lubricants</strong><br />
11.10.1. Overview<br />
11.10.2. Financials<br />
11.10.3. Product Type Benchmarking<br />
11.10.4. Recent Developments<br />
Access Press Release on <strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong>:<br />
https://www.polarismarketresearch.com/press-releases/middle-east-finished-lubricantsmarket-size<br />
About <strong>Polaris</strong> <strong>Market</strong> <strong>Research</strong><br />
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specializes in providing exceptional market intelligence and in-depth business research services for<br />
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extremely qualified team of experts comprising SMEs, analysts and consultants, we at <strong>Polaris</strong><br />
endeavor to deliver value-added business solutions to our customers.<br />
E mail Id: sales@polarismarketresearch.com<br />
Web: www.polarismarketresearch.com<br />
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<strong>Middle</strong> <strong>East</strong> <strong>Finished</strong> <strong>Lubricants</strong> <strong>Market</strong> Size to Reach $2.14 Billion <strong>by</strong> 2026<br />
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