Market Size of middle east lubricants Industry
| Icons | Lable | Value |
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Study Period | 2015 - 2026 |
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Market Volume (2024) | 2.60 Billion Liters |
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Market Volume (2026) | 2.77 Billion Liters |
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Largest Share by End User | Automotive |
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CAGR (2024 - 2026) | 3.22 % |
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Largest Share by Country | Iran |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Middle East Lubricants Market Analysis
The Middle East Lubricants Market size is estimated at 2.60 Billion Liters in 2024, and is expected to reach 2.77 Billion Liters by 2026, growing at a CAGR of 3.22% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Among all end-user segments, automotive is the largest end user due to the high proportion of engine and gear oil usage in motor vehicles than other industrial applications.
- Fastest Segment by End-user Industry - Power Generation : Due to rising demand for low-cost energy from natural-gas-fueled power plants, power generation is likely to be the fastest-growing lubricant end user in the Middle East.
- Largest Country Market - Iran : Iran is the largest lubricant market in the Middle East, as the country possesses a higher number of motor vehicles and active industrial machinery than any other country.
- Fastest Growing Country Market - Turkey : Turkey is expected to be the fastest-growing lubricant-consuming country in the Middle East due to increased ownership of used vehicles and a growing heavy-equipment sector.
