Middle East and North Africa Lubricants Market Outlook to 2019 - Driven by Automotive Demand and Infrastructural Developments
Region:Middle East
Product Code:KR345
October 2015
219
About the Report
The lubricants market in the MENA region has showcased a deficient growth over the period 2009-2014. Availability of abundant base oil and low cost of production have allowed MENA countries to increase production. Increasing number of commercial vehicles and passenger cars, industrial development and rising investments in infrastructure have been driving the demand for lubricants. However, the market has been affected by global economic slowdown in the recent past. In a nutshell, the lubricants production in MENA region has grown from ~ thousand tons in 2009 to ~ thousand tons during 2014 in value terms, at a CAGR of -~% during the period. The production of lubricants industry in the MENA region is expected to grow from ~ thousand tons in 2014 to ~ thousand tons during 2019. Lubricants consumption in MENA region has dropped from ~ thousand tons in the year 2009 to ~ thousand tons in the year 2014. The rapidly increasing vehicle population in the region, rising disposable incomes of consumers and healthy GDP growth rates allowing governments to invest in infrastructural and industrial development projects are considered important to drive the market in the near future.
Iran lubricants market has been one of the largest markets in the MENA region. The oil production in Iran was affected due to the global recession along with the US sanctions issued against the country. The country produced nearly ~% of the lubricants production in the overall MENA region by the end of year 2014. Despite of a severe decline in country’s domestic consumption for lubricants, Iran stands as the largest consumer of lubricants in the overall MENA region. The Iranian lubricants market has grown at a CAGR ~% during the review period 2009-2014. The major cause behind such an enormous decline was the slowdown in the country due to global economic recession and financial crisis. The competitive landscape of Iran lubricants market has been dominated by Behran Oil Company which has controlled a dominating ~% share in the Iran lubricants market in terms of sales volume.
lubricants has witnessed a CAGR of ~% during the period 2009-2014, reaching a production volume of ~ thousand tons by 2014. During 2014, the domestic consumption held a share of ~% in the country’s overall production. Due to favorable political and economic environment, the consumption of lubricants in Saudi Arabia has enlarged at a healthy rate of ~% during 2009-2014. Petromin is the largest company in Saudi Arabia that specializes in production of lubricant oils including industrial and automotive oils and lubricants.
UAE has been the largest country operating in MENA lubricants market in terms of production as of 2014. The total
lubricants production in the country has escalated from ~ thousand tons in 2009 to massive rise to ~ thousand tons in 2014 at a CAGR of ~% during this period. During the year 2014, UAE consumed only ~% of its production of lubricants and exported the rest. It has been observed that UAE lubricants market is a comparatively sophisticated market in terms of quality of lubricants used. Usage of synthetics and semi synthetics is higher in UAE in comparison to any other country in the MENA region.
The rapid pace of industrialization in the country coupled with boom in tourism activities has spurred the growth of Egypt lubricants market during the past few years. The production of lubricants in Egypt has escalated from ~ thousand tons to ~ thousand tons, witnessing a growth rate of ~% during 2009-2014. However, Egypt has been using low quality lubricants made out of re-refined oil. During the period 2014, Egypt consumed nearly ~ thousand tons of lubricants and perceived a growth of ~% during the period 2009-2014. ExxonMobil has been the leading manufacturer and distributor of lubricants in the country.
- The market size of MENA lubricants market in terms of production and consumption volume.
- Market segmentation by geographies covering Iran, Saudi Arabia, UAE, Egypt and Algeria.
- Competitive Landscape of Major players operating in MENA lubricants market.
- Future outlook and projections of lubricants market in MENA region.
- Iran lubricants market size, segmentation, import and export, market share of major companies in the industry.
- Saudi Arabia lubricants market size, segmentation, import and export, market share of major companies in the industry.
- UAE lubricants market size, segmentation, import and export, market share of major companies in the industry.
- Egypt lubricants market size, segmentation, import and export, market share of major companies in the industry.
- Algeria lubricants market size, segmentation, import and export, market share of major companies in the industry.
- Snapshot of other countries in MENA lubricants market.
- Trends and Developments in MENA Lubricants Market
- Growth Drivers and Restraints in MENA Lubricants Market
- Existing Regulatory Framework and Legislations in MENA Lubricants Market
- Entry Barriers in MENA Lubricants Market
- Future Outlook and Projections of MENA Lubricants Market
- Analyst Recommendations
- MENA Region Key Infrastructure Facilities
- Macro Economic Parameters Affecting MENA Lubricants Market
Products
Companies
Table of Contents
1. Global Lubricants Market Introduction
1.1. Positioning of Major Lubricants Consuming Regions
1.2. Lubricants Value Chain in Context to Technological Processing
1.3. Global Lubricants Market Size, 2009-2019
1.3.1. By Revenue, 2009-2019
1.3.2. By Consumption Volume, 2009-2019
1.4. Global Demand for Synthetic and Semi-Synthetic Lubricants, 2014
2. MENA Lubricants Market Introduction
Attractiveness of MENA Lubricants Market
3. MENA Region Key Infrastructure Facilities
4. MENA Lubricants Market Size, 2009-2014
4.1. By Production Volume, 2009-2014
4.2. By Consumption Volume, 2009-2014
4.3. By Lubricants Blending Capacity of Major Countries in MENA Region, 2014
5. MENA Lubricants Market Segmentation, 2014
5.1. By Type of Base Oil (Mineral Oil Based and Synthetic), 2014
5.2. By Application (Automotive and Industrial), 2014
5.3. By Geography, 2009-2014
6. Iran Lubricants Market Introduction
6.1. Iran Lubricants Market Size, 2009-2014
6.1.1. By Production Volume, 2009-2014
6.1.2. By Consumption Volume, 2009-2014
6.2. Iran Lubricants Market Segmentation
6.2.1. By Application, 2014
6.2.2. By Quality Standards (API CD, CF, CI, CJ, SE, SG, SJ, SL, SM, SN), 2014
6.3. Import and Export Scenario of Lubricants in Iran, 2009-2011
6.4. Competitive Landscape of Major Players in Iran Lubricants Market
6.4.1. Market Share of the Major Companies in Iran Lubricants Market, 2014
6.4.2. Competitive Analysis of the Major Players in Iran Lubricants Market
6.5. Iran Lubricants Market Future Outlook and Projections, 2015-2019
6.6. Macro Economic Factors in Iran Lubricants Market
6.6.1. Oil Production in Iran, 2009-2019
6.6.2. Refining Capacity in Iran, 2009-2019
6.6.3. Chemical Production Capacity in Iran, 2009-2019
6.6.4. GDP in Iran, 2009-2019
6.6.5. Automobile Sales in Iran, 2009-2019
7. Saudi Arabia Lubricants Market Introduction
7.1. Saudi Arabia Lubricants Market Size, 2009-2014
7.1.1. By Production Volume, 2009-2014
7.1.2. By Consumption Volume, 2009-2014
7.2. Oil Changing Scenario in Saudi Arabia, 2014
7.2.1. Place of Change in Oil, 2014
7.2.2. Oil Change Intervals, 2014
7.3. Saudi Arabia Lubricants Market Segmentation
7.3.1. By Application of Lubricants (Commercial, Consumer and Industrial), 2014
7.4. Export Scenario of Lubricants Market in Saudi Arabia, 2009-2011
7.5. Competitive Landscape of Major players in Saudi Arabia Lubricants Market
7.5.1. Market Share of the Major Players in Saudi Arabia Lubricants Market, 2014
7.5.2. Competitive Analysis of the Major Players in Saudi Arabia Lubricants Market
7.6. Saudi Arabia Lubricants Market Future Outlook and Projections, 2015-2019
7.7. Macro Economic Factors in Saudi Arabia Lubricants Market
7.7.1. Oil Production in Saudi Arabia, 2009-2019
7.7.2. Refining Capacity in Saudi Arabia, 2009-2019
7.7.3. Chemicals Production Capacity in Saudi Arabia, 2009-2019
7.7.4. GDP in Saudi Arabia, 2009-2019
7.7.5. Automobile Sales in Saudi Arabia, 2009-2019
8. UAE Lubricants Market Introduction
8.1. UAE Lubricants Market Size, 2009-2014
8.1.1. By Production Volume, 2009-2014
8.1.2. By Consumption Volume, 2009-2014
8.2. UAE Lubricants Market Segmentation, 2009-2014
8.2.1. By Application of Lubricants, 2014
8.3. Export Scenario of Lubricants Market in UAE, 2009-2014
8.4. Competitive Landscape of Major Domestic Players in UAE Lubricants Market
8.4.1. Market Share of Major Companies in UAE Lubricants Market, 2014
8.4.2. Competitive Analysis of the Major Players in UAE Lubricants Market
8.5. UAE Lubricants Market Future Outlook and Projections, 2015-2019
8.6. Macro Economic Factors in UAE Lubricants Market
8.6.1. Oil Production in UAE, 2009-2019
8.6.2. Refining Capacity in UAE, 2009-2019
8.6.3. Chemicals Production Capacity in UAE, 2009-2019
8.6.4. Gross Domestic Product in UAE, 2009-2019
8.6.5. Automobile Sales in UAE, 2009-2019
9. Egypt Lubricants Market Introduction
9.1. Egypt Lubricants Market Size, 2009-2014
9.1.1. By Production Volume, 2009-2014
9.1.2. By Consumption Volume, 2009-2014
9.2. Egypt Lubricants Market Segmentation
9.2.1. By Application (Automotive, Industrial, Marine, Aviation, Greases), 2014
9.2.2. By Type of Base Oil Used (Mineral Oil Based and Synthetic), 2014
9.3. Competitive Landscape of Major Players in Egypt Lubricants Market
9.3.1. Market Share of Major Players in Egypt Lubricants Market, 2014
9.3.2. Competitive Analysis of the Major Players in Egypt Lubricants Market
9.4. Egypt Lubricants Market Future Outlook and Projections, 2015-2019
9.5. Macro Economic Factors in Egypt Lubricants Market, 2009-2019
9.5.1. Oil Production in Egypt, 2009-2019
9.5.2. Refining Capacity in Egypt, 2009-2019
9.5.3. GDP in Egypt, 2009-2019
9.5.4. Automobile Sales in Egypt, 2009-2019
10. Algeria Lubricants Market Introduction
10.1. Algeria Lubricants Market Size, 2009-2014
10.1.1. By Production Volume, 2009-2014
10.1.2. By Consumption Volume, 2009-2014
10.2. Algeria Lubricants Market Segmentation
10.2.1. By Application (Automotive, Industrial, Marine, Aviation and Greases), 2014
10.3. Competitive Landscape of Major Players in Algeria Lubricants Market
10.3.1. Market Share of Major Players in Algeria Lubricants Market, 2014
10.3.2. Competitive Analysis of Major Players in Algeria Lubricants Market
10.4. Algeria Lubricants Market Future Outlook and Projections, 2015-2019
10.5. Macro Economic Factors in Algeria Lubricants Market, 2009-2019
10.5.1. Oil Production in Algeria, 2009-2019
10.5.2. Refining Capacity in Algeria, 2009-2019
10.5.3. GDP in Algeria, 2009-2019
10.5.4. Automobile Sales in Algeria, 2009-2014
11. Snapshot of Other Countries in MENA Lubricants Market
11.1. Iraq Lubricants Market
Iraq’s Economy Overview
Iraq Lubricants Market Size by Production and Consumption Volume, 2009-2014
Competitive Landscape of Major Companies in Iraq’s Lubricants Market
11.2. Kuwait Lubricants Market
Kuwait’s Economy Overview
Kuwait Lubricants Market Size by production and Consumption Volume, 2009-2014
Competitive Landscape of Major Companies in Kuwait Lubricants Market
11.3. Oman Lubricants Market
Oman’s Economy Overview
Oman Lubricants Market size by Production and Consumption Volume, 2009-2014
Competitive landscape of Major Companies in Oman Lubricants Market
11.4. Qatar Lubricants Market
Qatar’s Economy Overview
Qatar Lubricants Market Size by Production and Consumption Volume, 2009-2014
Competitive Landscape of Major Companies in Lubricants Market
11.5. Morocco Lubricants Market
Morocco’s Lubricants Market Overview
Morocco Lubricants Market Size by Production and Consumption Volume, 2009-2014
Competitive Landscape of Major Companies in Morocco Lubricants Market
12. Trends and Developments in MENA Lubricants Market
Shifting Focus towards Synthetic Lubricants
OEM’s introducing their Own Brands
Capacity Expansion of Refineries & Setting up of Blending Plants for Lubricants Production
Emergence of Bio-based Lubricants
Rising Trend of Re-Refining of Lubricants
Reduced Dependency on Puncture Shops for Oil Changes
13. Growth Drivers and Opportunities in MENA Lubricants Market
Huge Base Oil Availability
Massive Industrial Growth in the MENA Region
Low Cost of Production
Increasing Demand from Automotive Sector
Easy Market Access Leading to Increased Exports
14. Challenges and Restraints in MENA Lubricants Market
Presence of Counterfeit or Spurious Lubricants
Low Penetration of Synthetics and Bio-Lubricants
Political Unrest across MENA Region
Increasing Threat of Environmental Hazards
Extended Drain Intervals Affecting Volumes
15. Existing Regulatory Framework and Legislations
15.1. Emission Standards of Vehicles and Government Regulations
15.2. API Specifications
16. SWOT Analysis of MENA Lubricants Market
17. Entry Barriers in MENA Lubricants Market
Decision to Import or Produce Locally
Government Restrictions
Geographical and Cultural Barriers
Threat from Established Players
Availability of Raw Materials
18. MENA Lubricants Market Future Outlook & Projections, 2015-2019
18.1. By Countries, 2015-2019
18.2. Cause and Effect Relationship in MENA Lubricants Market
18.3. Analyst Recommendations
International Players in the MENA Lubricants Market
Domestic Players in the MENA Lubricants MARKET
Important Prescribed Factors to Drive Growth of the Market
19. Appendix
19.1. Market Definitions
19.2. Abbreviations
19.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
19.4. Disclaimer
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