Kuwait Lubricant Market Outlook to 2027F
Segmented by Origin (Mineral, Synthetic & Semi-Synthetic), By Lubricant Type (Automotive & Industrial), By Automotive Lubricants (By Product Type, By End-Users & By Distribution Channels) and By Industrial Lubricants
Region:Middle East
Product Code:KROD97
January 2023
70
About the Report
The report provides a comprehensive analysis of the potential of Lubricant industry in Kuwait. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
Its market segmentations include by market structure By Type of Lubricant, By Grade of Lubricant, By Type of Industrial Lubricant, By Type of Automotive Lubricants, end users, and by distribution channel; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Kuwait Lubricant Market – which grew from approximately USD ~ Bn in 2017 to approximately USD ~ Bn in 2022 – is forecasted to grow further into USD ~ Bn opportunity by 2027F, owing to the favorable government initiatives, rising export of Oil & Gas and rising infrastructural projects.
- Growth of construction sector, increasing demand of automobile, rising private & public investment and with the increasing Governmental support for infrastructural projects have created a strong demand for the Lubricant in Kuwait
- For end user applications, construction and commercial vehicles are the dominant segments in the Kuwait lubricant market.
Key Trends by Market Segment:
By End-User: Construction & Mining is one of the fastest-growing end-user industries for lubricant consumption. Private investments in construction sector are the primary reasons for the boost in demand of lubricants.
By Product Type: Lubricants such as engine oils, transmission fluids, hydraulic fluids, gear oils, and grease are used to prevent wear and tear in a variety of automotive applications. With the increased use of used cars and various government initiatives to promote the automotive sector in the country, the lubricant market will expand in the coming years.
Competitive Landscape
In Kuwait Lubricant Market there are about ~ players operating in the overall market, and top players accounted ~% share in the market in terms of revenue. The top three players are Kuwait National Petroleum Company (KNPC), Petrochemical Industries Companies (PIC) and Total. While the market is moderately consolidated, new players are still entering the market and with the opportunities presented by the increasing demand and growth in economy, competition is expected to increase in the coming years.
Future Outlook
The Kuwait Lubricant Market is projected to show a significant growth, to contribute USD ~ Bn by 2027F with rising export of Oil & Gas and rising infrastructural projects. The growth rate is anticipated to increase over the period with surge in more substitutes in market along with government incentives and policies.
Scope of the Report
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Kuwait Lubricants Market Segmentations |
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By Type of Lubricant |
Industrial Lubricant Automotive Lubricant |
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By Grade of Lubricant |
Mineral Semi-Syntenic Synthetic |
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Kuwait Industrial Lubricants Market Segmentations |
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By Type of Industrial Lubricant |
Hydraulic Fluid Grease Gear Oil Metalworking Fluid Others (Turbine Oil, Compressor Oil, etc.) |
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By End Use of Industrial Lubricant |
Construction and Mining General Manufacturing Metal Production Power Generation Food Processing Others (Agriculture, Medical, etc.) |
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By Distribution Channel |
Dealer Network Direct Sales Premium Unorganized Sector |
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Kuwait Automotive Lubricants Market Segmentations |
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By Type of Automotive Lubricants |
Heavy-Duty Diesel Engine Oil Passenger Vehicle Motor Oil Transmission Fluids Hydraulic Oil Greases Gear Oils |
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By End Use of Automotive Lubricant |
Commercial Vehicles Passenger Cars Motor Cycles Marine Others (Aviation, Railways, etc.) |
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By Distribution Channel |
Dealer Network OEM Workshops/Service stations/Local Workshops Supermarkets/ Hypermarkets Online |
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Lubricants Manufacturers
- Lubricants Distributors Refining Companies
- Construction and Mining Industry
- General Manufacturing Industry
- Metal Production Industry Base-oil Companies
- Additive Companies
- Metal Production Industry
- Power Generation Industry
- Food Processing Industry
- Agriculture Industry
- Medical Industry
- Automotive OEMs
- Automotive Dealerships
- Government Agencies
- Consulting and Advisory Firms
Time Period Captured in the Report
- Historical Period: 2017-2021
- Base Year: 2022
- Forecast Period: 2023-2027F
Companies
Companies Mentioned in the Report
- Kuwait National Petroleum Company (KNPC)
- Petrochemical Industries Company (PIC)
- Total
- Exxon Mobil
- Gulf
- Shell
Table of Contents
1. Executive Summary
2. Kuwait Lubricant Market Overview
2.1 Taxonomy of Kuwait Lubricant Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for Kuwait Lubricant Market
2.5 Growth Drivers of Kuwait Lubricant Market
2.6 Issues and Challenges of Kuwait Lubricant Market
2.7 Impact of COVID-19 on Kuwait Lubricant Market
2.8 SWOT Analysis
3. Kuwait Lubricant Market Size, 2017 – 2022
4. Kuwait Lubricant Market Segmentation
4.1 By Product Type, 2017 - 2022
4.2 By Application, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Kuwait National Petroleum Company (KNPC)
5.3.2 Petrochemical Industries Company (PIC)
5.3.3 Total
5.3.4 Exxon Mobil
5.3.5 Gulf
6. Kuwait Lubricant Future Market Size, 2022 – 2027
7. Kuwait Lubricant Future Market Segmentation
7.1 By Product Type, 2022 - 2027
7.2 By Application, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around the market to collate industry-level information.
Step 2: Market Building:
Collating statistics about lubricants over the years, penetration of distribution channels and end-user demand, etc. We will also review statistics to understand total sales by volume in the lubricants industry which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing:
Building market hypotheses and conducting CATIs with industry experts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple finance-providing channels and understand the nature of product segments and sales, consumer preference, and other parameters, which will support us validate statistics derived through the bottom-to-top approach from industry lubricant providers.
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The Kuwait Lubricant Market is covered from 2017–2027F in this report, including a forecast for 2022-2027F.
02 What is the Future Growth Rate of the Kuwait Lubricant Market?
The Kuwait Lubricant Market is expected to witness a CAGR of ~% over the next years.
03 What are the Key Factors Driving the Kuwait Lubricant Market?
The favorable government initiatives, growth in construction sector, increasing industrialization, rising standard of living and increasing influx of investments are likely to fuel the growth in the Kuwait Lubricant Market.
04 Which is the Major End-User Type Segment within the Kuwait Lubricant Market?
The Construction type of end-user segment holds the largest share of the Kuwait Lubricant Market in 2022.
05 Who are the Key Players in the Kuwait Lubricant Market?
Kuwait National Petroleum Company (KNPC), Petrochemical Industries Companies (PIC) and Total are major players in Kuwait Lubricant Market.
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