Middle East & Africa Industrial Lubricants Market Size & Outlook
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 2022 | USD 5,083.0 million |
| Market revenue in 2030 | USD 6,403.0 million |
| Growth rate | 2.9% (CAGR from 2022 to 2030) |
| Largest segment | Process oils |
| Fastest growing segment | Industrial Engine Oils |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Process Oils, General Industrial Oils, Metalworking Fluids, Industrial Engine Oils, Greases |
| Key market players worldwide | Exxon 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 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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Target buyers of Middle East & Africa industrial lubricants market databook
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Our clientele includes a mix of industrial lubricants market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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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