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
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<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 />
- 2 -
Change language