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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

Middle East Passenger Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Middle East Passenger Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Middle East Passenger Vehicles Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Middle East Passenger Vehicles Lubricants Industry

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 : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

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.

Middle East Passenger Vehicles Lubricants Market

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Largest Country : <span style="font-family: 'regular_bold';color:#0e7db3;">Iran</span>

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.