How big is the Saudi Arabia Lubricants Market?

The Saudi Arabia Lubricants Market size is expected to reach 567.26 million Liters in 2024 and grow at a CAGR of 2.75% to reach 598.92 million Liters by 2026. Read More

What is the current Saudi Arabia Lubricants Market size?

In 2024, the Saudi Arabia Lubricants Market size is expected to reach 567.26 million Liters. Read More

Who are the key players in Saudi Arabia Lubricants Market?

BP Plc (Castrol), ExxonMobil Corporation, FUCHS, Petromin Corporation and Royal Dutch Shell Plc are the major companies operating in the Saudi Arabia Lubricants Market. Read More

Which segment has the biggest share in the Saudi Arabia Lubricants Market?

In the Saudi Arabia Lubricants Market, the Automotive segment accounts for the largest share by end user. Read More

Which is the fastest growing segment in the Saudi Arabia Lubricants Market?

In 2024, the Power Generation segment accounts for the fastest growing by end user in the Saudi Arabia Lubricants Market. Read More

What years does this Saudi Arabia Lubricants Market cover, and what was the market size in 2023?

In 2023, the Saudi Arabia Lubricants Market size was estimated at 552.71 million Liters. The report covers the Saudi Arabia Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Lubricants Market size for years: 2024, 2025 and 2026. Read More

Saudi Arabia Lubricants Market Trends

Statistics for the 2023 & 2024 Saudi Arabia Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Lubricants trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of saudi arabia lubricants Industry

This section covers the major market trends shaping the Saudi Arabia Lubricants market according to our research experts:

Largest Segment By End User : Automotive

In 2020, the Saudi Arabian lubricant market was dominated by the automotive industry, which accounted for around 71% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased by around 11.4%.
In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 7.05% during the year, compared to 2019, followed by heavy equipment (6.53%).
Power generation is likely to be the fastest-growing end-user industry of the market studied, with a CAGR of 6.25% during 2021-2026, followed by metalworking and metallurgy (2.52%). The growing vehicle population in the country is likely to drive the consumption of lubricants in the automotive industry in the next few years.