Saudi Arabia Lubricant Market Driven by Vehicle Sales and Infrastructure Growth | Ken Research

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“Growth in the sales of the passenger as well as commercial vehicles coupled with an increase in construction activity has led to rising domestic consumption of lubricants in KSA.”

Positive Developments in the Automotive and Industrial Segment: Increased vehicle sales in both passenger and commercial vehicles along with heavy government investments in the marine and aviation sector have driven the lubricants market. The automotive sector has a dominant share in the overall lubricants market in Saudi Arabia. Furthermore, the construction sector had a 4.1% increase compared to last year, with more than 5,200 ongoing projects scheduled to be completed during the period 2018-2022. There was an increase in the investment to increase the overall power capacity to 82GW which has resulted in an increase in the use of industrial lubricants.

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Increasing Demand for Synthetic and Semi-Synthetic Lubricants: While mineral oil-based lubricants account for the majority of the demand for lubricants in Saudi Arabia due to their economical price, the demand for synthetic and semi-synthetic lubes has been rising due to increasing awareness of their multiple benefits. This includes their physical properties such as high Viscosity Index (VI), high level of thermal stability, low freezing point, high boiling point, and others, thereby helping to reduce friction between machinery parts and then reducing the rate of wear-and-tear. This improves productivity, and hence longevity, of machinery/equipment. Also with increasing environmental concerns and governmental regulations on the use of mineral oils, the synthetic based oils are less polluting as compared to mineral-based lubricants and hence more preferred.

Analysts at Ken Research in their latest publication “Saudi Arabia Lubricants Market Outlook to 2023 – By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial Lubricants (Engine Oils, Turbine oils, Hydraulic oils, Industrial Gear oils, Transformer oils, Compressor Oils, Greases); By Origin (Mineral, Synthetic and Semi-Synthetic)” believe that developing industrial lubricants for construction and power generation based applications, improving sales and promotion/advertising of lubricants and upgrading production equipment with increased focus on energy efficiency and input-output quality will aid the lubricants market in the Saudi Arabia. The market is expected to register a positive CAGR of 3.4% in terms of revenue and a CAGR of 0.8% in terms of sales volume / domestic consumption of lubricants during the forecast period of 2018–2023E.

Key Segments Covered:-

By Origin

Mineral

Synthetic

Semi-Synthetic

By Type of Lubricant

Automotive

Industrial

By Type of Automotive Lubricant

Passenger Car Motor Oils

Heavy Duty Diesel Engine Oils

Hydraulic Oils

Gear Oils & Transmission Fluids

Greases

By Automotive Type, End User

Passenger Vehicles

Commercial Vehicles

Marine and Aviation

Segmentation of Automotive Lubricant, By Distribution Channel

Puncture Shops

Company Owned-Operated Outlets

Auto OEM’s

Others: include wholesalers, retailers, and OEM service centers.

Segmentation of Industrial Lubricants, By Type

Engine Oils

Turbine Oils

Hydraulic Oils

Industrial Gear Oils

Transformer Oils

Compressor Oils

Greases

Others: Include specialty lubricants which are custom made like bearing and circuiting oils, rolling oils, spindle oils, slideway oils, and process oils.

Segmentation of Industrial Lubricants, By End User

Construction and Heavy Transport/Fleet

Power generation

Manufacturing

Segmentation of Industrial Lubricants, By Distribution Channel

Direct Sales as per Approval of OEMs

Dealer Networks

Key Target Audience:-

Automobile Manufacturers

Plastic Manufacturers

Metal Working Companies

Auto and Auto Component Manufacturers

Construction Companies

Textile Companies

Cement Companies

Mining Companies

Paper and Pulp Manufacturers

Power Generation Companies

Steel Manufacturers

Food & Beverage Companies

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2018-2023

Companies Covered:-

Petromin Corporation

Shell (JOSLOC)

Castrol

Alhamrani-Fuchs Petroleum Saudi Arabia

Mobil (Delta Group)

Total

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 Services

Saudi Oil Company

Keywords:-

Diesel Engine Oils Market Saudi Arabia

Gear Oils Market Saudi Arabia

Greases Market Saudi Arabia

Saudi Arabia Aviation Lubricants Market

Saudi Arabia Lubricants Industry

Saudi Arabia Lubricants Market

Lubricants Market Saudi Arabia

Lubricants Industry Saudi Arabia

Lubricant Market Exports Saudi Arabia

Lubricant Market Imports Saudi Arabia

Lubricants Developments in Saudi Arabia

Lubricants Saudi Arabia Market

Lubricants Market Challenges Saudi Arabia

Automotive Lubricants Market in Saudi Arabia

Saudi Arabia Lubricants Market Issues

Lubricants Market Trends in Saudi Arabia

Lubricants Recommendations Saudi Arabia

Mineral Lubricants Market Saudi Arabia

Saudi Arabia Motor Oil Market

Castrol Sales Volume Lubricant Saudi Arabia

For More Information On The Research Report, Refer To Below Link:-

Future Outlook of KSA Lubricants Market

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