Middle East Lubricants Market Size

Statistics for the 2023 & 2024 Middle East Lubricants market size, created by Mordor Intelligence™ Industry Reports. Middle East Lubricants size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

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Market Size of middle east lubricants Industry

Middle East Lubricants Market Summary
svg icon Study Period 2015 - 2026
svg icon Market Volume (2024) 2.60 Billion Liters
svg icon Market Volume (2026) 2.77 Billion Liters
svg icon Largest Share by End User Automotive
svg icon CAGR (2024 - 2026) 3.22 %
svg icon Largest Share by Country Iran

Major Players

Middle East Lubricants Market Major Players Middle East Lubricants Market Major Players Middle East Lubricants Market Major Players Middle East Lubricants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Middle East Lubricants Market Analysis

The Middle East Lubricants Market size is estimated at 2.60 Billion Liters in 2024, and is expected to reach 2.77 Billion Liters by 2026, growing at a CAGR of 3.22% during the forecast period (2024-2026).

  • Largest Segment by End-user Industry - Automotive : Among all end-user segments, automotive is the largest end user due to the high proportion of engine and gear oil usage in motor vehicles than other industrial applications.
  • Fastest Segment by End-user Industry - Power Generation : Due to rising demand for low-cost energy from natural-gas-fueled power plants, power generation is likely to be the fastest-growing lubricant end user in the Middle East.
  • Largest Country Market - Iran : Iran is the largest lubricant market in the Middle East, as the country possesses a higher number of motor vehicles and active industrial machinery than any other country.
  • Fastest Growing Country Market - Turkey : Turkey is expected to be the fastest-growing lubricant-consuming country in the Middle East due to increased ownership of used vehicles and a growing heavy-equipment sector.

Middle East Lubricants Market Report Snapshots

Middle East Lubricants Market Size & Share Analysis - Growth Trends & Forecasts Up To 2026