Middle East & Africa Industrial Lubricants Market Size & Outlook

The industrial lubricants market in Middle East & Africa is expected to reach a projected revenue of US$ 6,403.0 million by 2030. A compound annual growth rate of 2.9% is expected of Middle East & Africa industrial lubricants market from 2023 to 2030.
Revenue, 2022 (US$M)
$5,083.0
Forecast, 2030 (US$M)
$6,403.0
CAGR, 2023 - 2030
2.9%
Report Coverage
Middle East & Africa

Middle East & Africa industrial lubricants market, 2018-2030 (US$M)

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MEA industrial lubricants market highlights

  • The MEA industrial lubricants market generated a revenue of USD 5,083.0 million in 2022.
  • The market is expected to grow at a CAGR of 2.9% from 2023 to 2030.
  • In terms of segment, process oils was the largest revenue generating product in 2022.
  • Industrial Engine Oils is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.


MEA data book summary

Market revenue in 2022USD 5,083.0 million
Market revenue in 2030USD 6,403.0 million
Growth rate2.9% (CAGR from 2022 to 2030)
Largest segmentProcess oils
Fastest growing segmentIndustrial Engine Oils
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationProcess Oils, General Industrial Oils, Metalworking Fluids, Industrial Engine Oils, Greases
Key market players worldwideExxon Mobil Corp, The Lubrizol Corp, Shell PLC, Chevron Corp, Clariant AG, Quaker Houghton, Valvoline Inc, BP Castrol KK, Petronas Chemicals Group Bhd, Calumet Specialty Products Partners LP, Idemitsu Kosan Co Ltd, Yushiro Chemical Industry, Fuchs SE ADR (Representing Pref. Shares), Phillips 66, Lucas Oil, AMSOIL, Bel-Ray Company, Kluber Lubrication Munchen SE & Co. KG, Blaser Swisslube


Other key industry trends

  • In terms of revenue, MEA region accounted for 9.6% of the global industrial lubricants market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 33,436.0 million by 2030.

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Industrial Lubricants Market Scope

Industrial lubricants market segmentation & scope
Gas turbine oils
Piston engine oils
Hydraulic fluids
Others
Process Oils
General Industrial Oils
Metalworking Fluids
Industrial Engine Oils
Greases
Engine oil
Hydraulic oil
Gear oil
Turbine oil
Transmission Fluids
Brake Fluids
Coolants

Industrial Lubricants Market Companies

Name Profile # Employees HQ Website

Middle East & Africa industrial lubricants market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial lubricants market will help companies and investors design strategic landscapes.


Process oils was the largest segment with a revenue share of 30.95% in 2022. Horizon Databook has segmented the Middle East & Africa industrial lubricants market based on process oils, general industrial oils, metalworking fluids, industrial engine oils, greases covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of industrial lubricants market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa industrial lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa industrial lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Middle East & Africa industrial lubricants market

Middle East & Africa Industrial Lubricants Market Outlook Share, 2022 & 2030 (US$M)

Middle East & Africa industrial lubricants market

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