Oman’s Growing Construction Sector: The Sultanate of Oman's real estate market is expected to continue move forward rapidly and favorably as a consequence of major attention of investors directed towards real estate in Oman. The Omani government places a higher priority on housing affordability and accessibility. The "Homes for All Citizens" campaign stimulated demand for low-cost homes, resulting in much-needed liquidity in the market. Leading to more construction works and more demand for lubricants in the construction sector.
Oman Automotive Lubricants Market: Lubricants are frequently utilized in automotive applications such as transmission and heavy-duty diesel engine oils for passenger automobiles. Lubricants are also employed in various auto operations, such as the movement of chains and pistons. The Oman automotive market is expected to grow at alarming rates in the coming years. Rising oil production, increased building and infrastructure development activities, and rising promotional offers such as low or zero percent financing rates, cash gifts, and extended insurance and service plans are likely to drive up automotive sales in the nation throughout the projection period.
Higher charges levied on Lubricant Marketing Companies: Since 2009, all oil marketing businesses in Oman have been required to pay the Omani government a licencing fee of 0.004 baiza (one thousandth of a rial) for every Omani rial earned. The charge has put pressure on margins, resulting in a significant impact on the lubricants industry. Prices in the retail and commercial sectors are set by oil marketing corporations, whereas prices in the aviation and marine sectors are impacted by international market prices.
Analysts at Ken Research in their latest publication "Oman Lubricants Market Outlook to 2027F" Driven by Growth in Crude Oil Import and Rising Sales of vehicles in the Country” by Ken Research observed the potential of Lubricant Market Outlook in Oman. The rise in industrial sector, along with increase in transportation, industrial and mining services and also increase in heavy duty vehicles, implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecast period. The Oman Lubricant Market is expected to grow at ~% CAGR over the forecasted period 2023-2027F.
Key Segments Covered in the report
Oman Lubricants Market, 2017-2027F
By Type of Lubricant
- Industrial Lubricant
- Automotive Lubricant
- By Grade of Lubricant
- Mineral
- Semi-Synthetic
- Synthetic
Oman Industrial Lubricants Market Segmentations
- By Type of Industrial Lubricant (2022 & 2027)
- Process oil
- Hydraulic oil
- Gear oil
- Grease
- By Type of end use of industrial lubricant (2022 & 2027)
- General manufacturing
- Metal & mining
- Construction
- Power generation
- By Type of distribution channel in industrial lubricant (2022 & 2027)
- Dealers and distributors
- Direct sales
Oman Automotive Lubricants Market Segmentations
- By Type of automotive lubricant (2022 & 2027)
- Heavy duty diesel engine oil
- Motorcycle oil
- Passenger vehicle motor oil
- Grease
- By Type of end use of automotive lubricant (2022 & 2027)
- Commercial vehicles
- Motor cycle
- Passenger cars
- Marine
- Aviation
- By Type of distribution channel in automotive lubricant (2022 & 2027)
- Dealers and distributers network
- OEM workshops and service station
- Online retail
Key Target Audience
- Lubricants Manufacturers
- Lubricants Distributors Refining Companies
- Construction and Mining Industry
- General Manufacturing Industry
- Metal Production Industry Base-oil Companies
- Additive Companies
- Metal Production Industry
- Power Generation Industry
- Food Processing Industry
- Agriculture Industry
- Medical Industry
- Automotive OEMs
- Automotive Dealerships
- Government Agencies
- Consulting and Advisory Firms
Time Period Captured in the Report:
- Historical Period: 2017-2021
- Base Period: 2022
- Forecast Period: 2023-2027F
Companies Covered:
- Oman Oil Marketing Company
- Oil industry company ( OQ)
- Hascol Petroleum
- Oryx Lubes & Greases
- Tek Kazakhstan
- Arte Bunkeringg
- Lotus Oil Oman
- BP
- Occidental
- Shell
- Total
- Partex
Key Topics Covered in the Report
- Country Overview of Oman
- Oman Trade Analysis
- Lubricants Supply and Demand Statistics
- Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries
- Oman Automotive Industry
- Region wise Cars and motorcycles Registration in Oman
- Cross comparison of Southeast Asian Countries on the basis of Number of Motor Vehicles and Sold by Country
- Ecosystem of major Entities in Oman Lubricants Market
- Business Cycle and Genesis of Oman Lubricants Market
- Timeline of major Players in Oman Lubricants Market
- Value Chain Analysis for Oman Lubricants Market
- Oman Automotive & Industrial Lubricants Market Segmentation
- SWOT Analysis for Oman Lubricants Market
- Porter’s Five Forces Analysis of Oman Lubricants Market
- Growth Enablers in Oman Lubricants Market
- Bottlenecks and Challenges in Oman Lubricants Market
- Trends and Developments in Oman Lubricants Market
- Oman Lubricants Market Regulations
- Tax Rates for Lubricants in Oman
- End User Analysis of Oman Lubricants Market
- Pricing Analysis of Automotive and Industrial Lubricants
- Strengths and Weaknesses of the major Industrial & Automotive Lubricant market Players
- Cross Comparison of Major Players in Oman Lubricants Market
- Covid-19 Impact on Oman Lubricant Market
- Future Outlook and market Size for Oman Lubricant Market
- Future Segmentation for Oman Industrial Lubricant Market
- Future Segmentation for Oman Automotive Lubricant Market
- Market Opportunities and Analyst Recommendations
- Analyst Recommendations
- Research Methodology
For more information on the research reports, refer to below link:
Oman Lubricants Market Outlook to 2027F: Ken Research
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