Saudi Arabia Industrial Lubricants Market Size & Outlook

The industrial lubricants market in Saudi Arabia is expected to reach a projected revenue of US$ 1,130.3 million by 2030. A compound annual growth rate of 3.9% is expected of Saudi Arabia industrial lubricants market from 2023 to 2030.
Revenue, 2022 (US$M)
$834.7
Forecast, 2030 (US$M)
$1,130.3
CAGR, 2023 - 2030
3.9%
Report Coverage
Saudi Arabia

Saudi Arabia industrial lubricants market, 2018-2030 (US$M)

Saudi

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Saudi Arabia industrial lubricants market highlights

  • The Saudi Arabia industrial lubricants market generated a revenue of USD 834.7 million in 2022 and is expected to reach USD 1,130.3 million by 2030.
  • The Saudi Arabia market is expected to grow at a CAGR of 3.9% 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.


Industrial lubricants market data book summary

Market revenue in 2022USD 834.7 million
Market revenue in 2030USD 1,130.3 million
Growth rate3.9% (CAGR from 2022 to 2030)
Largest segmentProcess oils
Fastest growing segmentIndustrial Engine Oils
Historical data2018 - 2021
Base year2022
Forecast period2023 - 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, Saudi Arabia accounted for 1.6% of the global industrial lubricants market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, Saudi Arabia industrial lubricants market is projected to lead the regional market in terms of revenue in 2030.
  • Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,130.3 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

Saudi Arabia 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 30.77% in 2022. Horizon Databook has segmented the Saudi Arabia 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 Saudi Arabia industrial lubricants market databook

  • Our clientele includes a mix of industrial lubricants market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia industrial lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia industrial lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Saudi Arabia industrial lubricants market size, by product, 2018-2030 (US$M)

Saudi Arabia Industrial Lubricants Market Outlook Share, 2022 & 2030 (US$M)

Saudi Arabia industrial lubricants market size, by product, 2018-2030 (US$M)

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