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United Arab Emirates Lubricants Market Size (2024 - 2029)

The UAE lubricants market is projected to experience growth over the forecast period, driven by increased manufacturing activities and a burgeoning automotive sector. Despite challenges such as oil price fluctuations and the demand for eco-friendly alternatives, the market is poised for expansion, supported by government investments and industrial growth initiatives. The automotive and transportation segments remain dominant, contributing significantly to the market's overall size and share.

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Market Size of United Arab Emirates Lubricants Industry

UAE Lubricants Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Volume (2024) 154.40 Million liters
Market Volume (2029) 186.5 Million liters
CAGR (2024 - 2029) 3.84 %
Market Concentration High

Major Players

UAE Lubricants Market Major Players

*Disclaimer: Major Players sorted in no particular order

UAE Lubricants Market Analysis

The United Arab Emirates Lubricants Market size is estimated at 154.40 Million liters in 2024, and is expected to reach 186.5 Million liters by 2029, growing at a CAGR of 3.84% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the market in 2020 because it significantly impacted supply chains and caused several supply chain disruptions that led to production halts and other issues in almost all industries, such as automotive, heavy equipment, etc. However, the market gradually recovered from the pandemic as the vaccination rates increased and the government started to lift the restrictions.

  • The increase in manufacturing activities and the rising automotive sector of the country are expected to be the primary drivers of the lubricants market.
  • Factors such as the impact of oil price fluctuations on the production costs of lubricants and the rising demand for the production of more eco-friendly lubricants will likely hinder market growth during the forecast period.
  • Investments and the government's plans to support industrial growth in the country are likely to provide a major growth opportunity for the market studied during the forecast period.
  • The automotive and other transportation segment dominates the market and is expected to continue its dominance during the forecast period.

UAE Lubricants Industry Segmentation

Lubricant products are made from a combination of base oils and additives. The composition of base oil in the formulation of lubricants is primarily between 75-90%. The lubricant reduces friction and wear between the surfaces.

The United Arab Emirates lubricants market is segmented by product type and end-user industry. By product type, the market is segmented into engine oils, transmission and gear oils, hydraulic fluid, metalworking fluid, greases, and other product types (dry film lubricants). By end-user industry, the market is segmented into power generation, automotive and transportation, heavy equipment, metallurgy and metalworking, and other end-user industries (food processing, marine, etc.). For each segment, the market sizing and forecasts have been provided on the basis of volume (liters).

Product Type
Engine Oils
Transmission And Gear Oils
Hydraulic Fluid
Metalworking Fluid
Greases
Other Product Types
End-user Industry
Power Generation
Automotive and Transportation
Heavy Equipment
Metallurgy And Metalworking
Other End-user Industries
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United Arab Emirates Lubricants Market Size Summary

The UAE lubricants market is poised for steady growth, driven by the resurgence of manufacturing activities and the expanding automotive sector. The market, which experienced setbacks due to the COVID-19 pandemic, has been on a recovery trajectory as restrictions eased and vaccination rates improved. The automotive and transportation segments, particularly those relying on internal combustion engines, continue to dominate the market, with engine oils being the most demanded lubricant type. The market is characterized by a mix of synthetic, mineral, and semi-synthetic oils, each catering to different performance and environmental needs. The introduction of eco-friendly lubricant ranges, such as Motul's NGEN and ADNOC's Voyager Green Series, highlights the industry's shift towards sustainable solutions.

Despite the positive outlook, the market faces challenges such as oil price fluctuations and the need for more environmentally friendly products. However, government initiatives and investments aimed at bolstering industrial growth present significant opportunities for market expansion. The aerospace and marine sectors, along with the used car market, are expected to contribute to the increasing demand for lubricants. Major players like ADNOC, TotalEnergies, and Shell are actively expanding their product offerings to meet the evolving needs of the market. The UAE's strategic investments in industrial and aerospace sectors further underscore the potential for growth in the lubricants market over the forecast period.

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United Arab Emirates Lubricants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Manufacturing Activities

      2. 1.1.2 The Rising Automotive Sector

    2. 1.2 Restraints

      1. 1.2.1 The Impact of Oil Price Fluctuations on the Production Costs

      2. 1.2.2 Rising Demand for the Production of More Eco-Friendly Lubricants

    3. 1.3 Industry Value-chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Type

      1. 2.1.1 Engine Oils

      2. 2.1.2 Transmission And Gear Oils

      3. 2.1.3 Hydraulic Fluid

      4. 2.1.4 Metalworking Fluid

      5. 2.1.5 Greases

      6. 2.1.6 Other Product Types

    2. 2.2 End-user Industry

      1. 2.2.1 Power Generation

      2. 2.2.2 Automotive and Transportation

      3. 2.2.3 Heavy Equipment

      4. 2.2.4 Metallurgy And Metalworking

      5. 2.2.5 Other End-user Industries

United Arab Emirates Lubricants Market Size FAQs

The United Arab Emirates Lubricants Market size is expected to reach 154.40 million liters in 2024 and grow at a CAGR of 3.84% to reach 186.5 million liters by 2029.

In 2024, the United Arab Emirates Lubricants Market size is expected to reach 154.40 million liters.

UAE Lubricants Market Report Snapshots

UAE Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)