Middle East Passenger Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 928.22 Million Liters |
| Market Volume (2026) | 994.49 Million Liters |
| CAGR (2024 - 2026) | 3.51 % |
| Market Concentration | High |
Middle East Passenger Vehicles Lubricants Market Analysis
The Middle East Passenger Vehicles Lubricants Market size is estimated at 928.22 Million Liters in 2024, and is expected to reach 994.49 Million Liters by 2026, growing at a CAGR of 3.51% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oils is leading product type in Middle East region due to high volume requirements and shorter drain intervals as it has high-temperature & high-pressure applications.
- Fastest Segment by Product Type - Transmission Oils : The anticipated rebound in passenger vehicle sales and production in the Middle East beginning in 2021 is expected to improve transmission oil demand in the coming years.
- Largest Country Market - Iran : Iran dominates the Middle East passenger vehicles lubricants market due to its large diesel vehicle fleet and the high average age of vehicles that require lubricant usage.
- Fastest Growing Country Market - Turkey : Despite the COVID-19 pandemic, Turkey was the only country in the Middle East to see positive sales figures due to the government's push to improve the automotive industry.
Middle East Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Middle East Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- During 2015-2019, the lubricant consumption in the Middle East passenger vehicle (PV) sector increased at a CAGR of 2.6%. Engine oil was the dominating lubricant product type in this sector which accounted for a share of nearly 90% in lubricant consumption of this sector in 2020. Engine oil is followed by transmission oils which accounted for 6.97% of the lubricant consumption in 2020.
- In 2020, post the COVID-19 outbreak, the usage of passenger cars significantly dropped due to the restrictions put in place as a response to the pandemic. As a result, automotive lubricant consumption in this sector fell by nearly 6.9%, in comparison to 2019.
- The expected recovery in production and sales of new passenger vehicles is likely to drive the lubricant consumption in this sector. As a result, the PV lubricant consumption is likely to grow at a CAGR of 3.38% during 2021-2026.
Largest Country : Iran
- In the Middle Eastern region, lubricant consumption by passenger vehicles (PV) was the highest in Iran, followed by Saudi Arabia and Turkey. In 2020, Iran accounted for 40.9% of the total PV lubricant consumption in the region, whereas Saudi Arabia and Turkey accounted for 23.5% and 9.6% shares, respectively.
- The decreased usage of passenger vehicles after the COVID-19 pandemic negatively affected the PV lubricant consumption across the region in 2020. The United Arab Emirates was the most affected, as it witnessed a 12.9% drop in consumption during 2019-2020, followed by Qatar, which witnessed an 8.3% drop.
- During 2021-2026, Turkey is likely to be the fastest-growing PV lubricant market, as its consumption is likely to register a CAGR of 7.91%, followed by Qatar and Saudi Arabia, which are expected to witness a CAGR of 4.14% and 3%, respectively.
Middle East Passenger Vehicles Lubricants Industry Overview
The Middle East Passenger Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 46.63%. The major players in this market are Behran Oil Company, Iranol Oil Company, Petromin Corporation, Royal Dutch Shell Plc and Sepahan Oil Company (sorted alphabetically).
Middle East Passenger Vehicles Lubricants Market Leaders
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Behran Oil Company
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Iranol Oil Company
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Petromin Corporation
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Royal Dutch Shell Plc
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Sepahan Oil Company
*Disclaimer: Major Players sorted in no particular order
Middle East Passenger Vehicles Lubricants Market News
- September 2021: Total Turkey Pazarlama and Nissan Turkey signed a new arrangement under which Nissan Turkey will deliver Nissan Genuine Engine Oils to its Turkish clients for the next three years. Nissan Genuine Engine Oils are created with the help of TotalEnergies' lubricant expertise.
- July 2021: Taajeer Group and APSCO agreed to work together on a long-term strategic relationship to deliver engine oil change services for MG automobiles at "Mobil Service" locations across the Kingdom.
- July 2021: APSCO and Haval & GWM forged a long-term strategic cooperation to deliver engine oil change services for Haval & GWM cars across the Kingdom through "Mobil Service" outlets.
Middle East Passenger Vehicles Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By Product Type
4.1.1 Engine Oils
4.1.2 Greases
4.1.3 Hydraulic Fluids
4.1.4 Transmission & Gear Oils
4.2 By Country
4.2.1 Iran
4.2.2 Qatar
4.2.3 Saudi Arabia
4.2.4 Turkey
4.2.5 UAE
4.2.6 Rest of Middle East
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 ADNOC
5.3.2 Behran Oil Company
5.3.3 BP PLC (Castrol)
5.3.4 ExxonMobil Corporation
5.3.5 FUCHS
5.3.6 Iranol Oil Company
5.3.7 Pars Oil Company
5.3.8 Petromin Corporation
5.3.9 Royal Dutch Shell Plc
5.3.10 Sepahan Oil Company
5.3.11 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Middle East Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
| By Country | |
| Iran | |
| Qatar | |
| Saudi Arabia | |
| Turkey | |
| UAE | |
| Rest of Middle East |
Middle East Passenger Vehicles Lubricants Market Research FAQs
How big is the Middle East Passenger Vehicles Lubricants Market?
The Middle East Passenger Vehicles Lubricants Market size is expected to reach 928.22 million Liters in 2024 and grow at a CAGR of 3.51% to reach 994.49 million Liters by 2026.
What is the current Middle East Passenger Vehicles Lubricants Market size?
In 2024, the Middle East Passenger Vehicles Lubricants Market size is expected to reach 928.22 million Liters.
Who are the key players in Middle East Passenger Vehicles Lubricants Market?
Behran Oil Company, Iranol Oil Company, Petromin Corporation, Royal Dutch Shell Plc and Sepahan Oil Company are the major companies operating in the Middle East Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Middle East Passenger Vehicles Lubricants Market?
In the Middle East Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which country has the biggest share in the Middle East Passenger Vehicles Lubricants Market?
In 2024, Iran accounts for the largest share by country in the Middle East Passenger Vehicles Lubricants Market.
What years does this Middle East Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Middle East Passenger Vehicles Lubricants Market size was estimated at 896.63 million Liters. The report covers the Middle East Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Middle East Passenger Vehicles Lubricants Industry Report
Statistics for the 2024 Middle East Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East Passenger Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
