Market Size of Saudi Arabia Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Market Volume (2024) | 567.26 Million Liters |
| Market Volume (2026) | 598.92 Million Liters |
| CAGR (2024 - 2026) | 2.75 % |
| Market Concentration | High |
Saudi Arabia Lubricants Market Analysis
The Saudi Arabia Lubricants Market size is estimated at 567.26 Million Liters in 2024, and is expected to reach 598.92 Million Liters by 2026, growing at a CAGR of 2.75% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Among all end-user segments, automotive was the largest end user due to the high proportion of SUVs and higher lubricant drain intervals compared to other end-user segments.
- Fastest Segment by End-user Industry - Power Generation : Power generation is likely to be the fastest-growing end-user industry in Saudi Arabia due to the rising usage of natural gas reactors and wind turbines for energy generation.
- Largest Segment by Product Type - Engine Oils : Engine oil is the largest consumed product category in Saudi Arabia due to a large number of active cars, motorcycles, and trucks and high oil-changing frequencies.
- Fastest Segment by Product Type - Transmission & Gear Oils : Transmission and gear oils are expected to grow rapidly than other product types as Saudi Arabia expects a rise in the use of industrial machinery and automatic vehicles.
