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Israel Lubricants Market Size (2024 - 2029)

The Israel Lubricants Market is projected to experience growth over the forecast period, driven by factors such as increasing automotive imports and demand from the power generation sector. Despite the negative impact of the COVID-19 pandemic, which led to reduced maintenance needs in various industries, the market has rebounded to pre-pandemic levels and is expected to expand steadily. The automotive sector is anticipated to remain the largest end-user due to the rising number of vehicles. However, fluctuations in base oil prices may pose challenges to market expansion. Additionally, the growing presence of electric vehicles presents new opportunities for market development.

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Market Size of Israel Lubricants Industry

Israel Lubricants Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Volume (2024) 38.84 Million liters
Market Volume (2029) 51.56 Million liters
CAGR (2024 - 2029) > 5.00 %
Market Concentration Low

Major Players

Israel Lubricants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Israel Lubricants Market Analysis

The Israel Lubricants Market size is estimated at 38.84 Million liters in 2024, and is expected to reach 51.56 Million liters by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the market. COVID-19-related restrictions led to declined maintenance requirements from several industries, such as oil and gas, automotive, metallurgy, etc. The major impact was observed in the automotive industry. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.

The growing automotive imports in the country and increasing demand from the power generation sector have been driving the market growth during the forecast period.

However, the instability in base oil prices is anticipated to hinder the growth of the studied market.

Moreover, the rising penetration of electric vehicles to enhance the sales of EV fluids is likely to provide opportunities for the market over the next five years.

The automotive sector is likely to be the largest end-user owing to the increasing use of vehicles in the country.

Israel Lubricants Industry Segmentation

Lubricants are substances made from a combination of base oils and additives. These lubricants are used in various automotive applications such as engines, brakes, gears, and other parts lubrication. The base oil composition in the formulation of lubricants is primarily between 75-90%. Lubricants are used to reduce friction between surfaces in contact to minimize energy loss generated from friction.

Israel's lubricants market is segmented by end-user, distribution channel, and product type. By end-user, the market is segmented into consumer, commercial, and industrial. By product type, the market is segmented into engine oils, greases, hydraulic fluids, metalworking fluids, transmission and gear oils, and other product types. By distribution channel, the market is segmented into B2B and B2C.

For each segment, the market sizing and forecasts have been done on the basis of volume (liters).

By End-User
Consumer
Commercial
Industrial
By Product Type
Engine Oils
Greases
Hydraulic Fluids
Metalworking Fluids
Transmission and Gear Oils
Other Product Types (Compressor Oils, Process Oils, Etc.)
By Distribution Channel
B2B
B2C
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Israel Lubricants Market Size Summary

The Israel lubricants market is poised for steady growth, driven by the recovery from the COVID-19 pandemic's impact and the resurgence of demand in key sectors such as automotive and power generation. The automotive industry, a significant end-user, is experiencing increased vehicle imports and sales, which are fueling the demand for various lubricants like engine oils and greases. Despite challenges such as base oil price instability, the market is benefiting from the rising penetration of electric vehicles, which presents new opportunities for EV fluids. The market's expansion is further supported by the country's growing automotive sector and the ongoing developments in renewable energy, which require reliable lubricants for equipment maintenance and efficiency.

The market landscape in Israel is characterized by fragmentation, with several key players such as Paz LTD, Sonol, BP p.l.c., Delkol, and LIQUI MOLY GmbH actively participating. The demand for engine oils is particularly strong, driven by their essential role in enhancing engine performance and efficiency across various industries, including oil and gas, agriculture, construction, and mining. The power generation sector also contributes to the market's growth, with renewable energy projects increasing the need for high-quality lubricants to ensure the reliability of critical equipment. As the market continues to evolve, these factors are expected to shape its trajectory over the forecast period.

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Israel Lubricants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Automotive Imports in the Country

      2. 1.1.2 Increasing Demand from the Power Generation Sector

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Instability in Base Oil Prices

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 By End-User

      1. 2.1.1 Consumer

      2. 2.1.2 Commercial

      3. 2.1.3 Industrial

    2. 2.2 By Product Type

      1. 2.2.1 Engine Oils

      2. 2.2.2 Greases

      3. 2.2.3 Hydraulic Fluids

      4. 2.2.4 Metalworking Fluids

      5. 2.2.5 Transmission and Gear Oils

      6. 2.2.6 Other Product Types (Compressor Oils, Process Oils, Etc.)

    3. 2.3 By Distribution Channel

      1. 2.3.1 B2B

      2. 2.3.2 B2C

Israel Lubricants Market Size FAQs

The Israel Lubricants Market size is expected to reach 38.84 million liters in 2024 and grow at a CAGR of greater than 5% to reach 51.56 million liters by 2029.

In 2024, the Israel Lubricants Market size is expected to reach 38.84 million liters.

Israel Lubricants Market Report Snapshots

Israel Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)