Saudi Arabia Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Saudi Arabia Lubricants Market Companies and is segmented by End User (Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation) and by Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils)

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Saudi Arabia Lubricants Market Size

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Saudi Arabia Lubricants Market Summary
svg icon Study Period 2015 - 2026
svg icon Market Volume (2024) 567.26 Million Liters
svg icon Market Volume (2026) 598.92 Million Liters
svg icon Largest Share by End User Automotive
svg icon CAGR (2024 - 2026) 2.75 %
svg icon Fastest Growing by End User Power Generation

Major Players

Saudi Arabia Lubricants Market Major Players Saudi Arabia Lubricants Market Major Players Saudi Arabia Lubricants Market Major Players Saudi Arabia Lubricants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

Compare market size and growth of Saudi Arabia Lubricants Market with other markets in Chemicals & Materials Industry

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Saudi Arabia Lubricants Market Analysis

The Saudi Arabia Lubricants Market size is estimated at 567.26 Million Liters in 2024, and is expected to reach 598.92 Million Liters by 2026, growing at a CAGR of 2.75% during the forecast period (2024-2026).

  • Largest Segment by End-user Industry - Automotive : Among all end-user segments, automotive was the largest end user due to the high proportion of SUVs and higher lubricant drain intervals compared to other end-user segments.
  • Fastest Segment by End-user Industry - Power Generation : Power generation is likely to be the fastest-growing end-user industry in Saudi Arabia due to the rising usage of natural gas reactors and wind turbines for energy generation.
  • Largest Segment by Product Type - Engine Oils : Engine oil is the largest consumed product category in Saudi Arabia due to a large number of active cars, motorcycles, and trucks and high oil-changing frequencies.
  • Fastest Segment by Product Type - Transmission & Gear Oils : Transmission and gear oils are expected to grow rapidly than other product types as Saudi Arabia expects a rise in the use of industrial machinery and automatic vehicles.

Saudi Arabia Lubricants Market Trends

This section covers the major market trends shaping the Saudi Arabia Lubricants market according to our research experts:

Largest Segment By End User : Automotive

  • In 2020, the Saudi Arabian lubricant market was dominated by the automotive industry, which accounted for around 71% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased by around 11.4%.
  • In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 7.05% during the year, compared to 2019, followed by heavy equipment (6.53%).
  • Power generation is likely to be the fastest-growing end-user industry of the market studied, with a CAGR of 6.25% during 2021-2026, followed by metalworking and metallurgy (2.52%). The growing vehicle population in the country is likely to drive the consumption of lubricants in the automotive industry in the next few years.
Saudi Arabia Lubricants Market : Largest Segment By End User : <span style="font-family: 'regular_bold';color:#0e7db3;">Automotive</span>

Saudi Arabia Lubricants Industry Overview

The Saudi Arabia Lubricants Market is fairly consolidated, with the top five companies occupying 84.41%. The major players in this market are BP Plc (Castrol), ExxonMobil Corporation, FUCHS, Petromin Corporation and Royal Dutch Shell Plc (sorted alphabetically).

Saudi Arabia Lubricants Market Leaders

  1. BP Plc (Castrol)

  2. ExxonMobil Corporation

  3. FUCHS

  4. Petromin Corporation

  5. Royal Dutch Shell Plc

*Disclaimer: Major Players sorted in no particular order

Saudi Arabia Lubricants Market Concentration
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Saudi Arabia Lubricants Market News

  • May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.
  • March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
  • January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.

Saudi Arabia Lubricants Market Report - Table of Contents

1. Executive Summary & Key Findings

2. Introduction

  • 2.1 Study Assumptions & Market Definition
  • 2.2 Scope of the Study
  • 2.3 Research Methodology

3. Key Industry Trends

  • 3.1 Automotive Industry Trends
  • 3.2 Manufacturing Industry Trends
  • 3.3 Power Generation Industry Trends
  • 3.4 Regulatory Framework
  • 3.5 Value Chain & Distribution Channel Analysis

4. Market Segmentation

  • 4.1 By End User
    • 4.1.1 Automotive
    • 4.1.2 Heavy Equipment
    • 4.1.3 Metallurgy & Metalworking
    • 4.1.4 Power Generation
    • 4.1.5 Other End-user Industries
  • 4.2 By Product Type
    • 4.2.1 Engine Oils
    • 4.2.2 Greases
    • 4.2.3 Hydraulic Fluids
    • 4.2.4 Metalworking Fluids
    • 4.2.5 Transmission & Gear Oils
    • 4.2.6 Other Product Types

5. Competitive Landscape

  • 5.1 Key Strategic Moves
  • 5.2 Market Share Analysis
  • 5.3 Company Profiles
    • 5.3.1 BP Plc (Castrol)
    • 5.3.2 Chevron Corporation
    • 5.3.3 Eni SpA
    • 5.3.4 ExxonMobil Corporation
    • 5.3.5 FUCHS
    • 5.3.6 Petromin Corporation
    • 5.3.7 PETRONAS Lubricants International
    • 5.3.8 Royal Dutch Shell Plc
    • 5.3.9 TotalEnergies
    • 5.3.10 United Lube Oil Company
  • *List Not Exhaustive

6. Appendix

  • 6.1 Appendix-1 References
  • 6.2 Appendix-2 List of Tables & Figures

7. Key Strategic Questions for Lubricants CEOs

** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. VEHICLE POPULATION, NUMBER OF UNITS, SAUDI ARABIA, 2015-2026
  1. Figure 2:  
  2. COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, SAUDI ARABIA, 2015-2026
  1. Figure 3:  
  2. MOTORCYCLES POPULATION, NUMBER OF UNITS, SAUDI ARABIA, 2015-2026
  1. Figure 4:  
  2. PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, SAUDI ARABIA, 2015-2026
  1. Figure 5:  
  2. MANUFACTURING VALUE ADDED, USD BILLION (CURRENT VALUE), SAUDI ARABIA, 2015-2026
  1. Figure 6:  
  2. POWER GENERATION CAPACITY, GIGAWATT (GW), SAUDI ARABIA, 2015-2026
  1. Figure 7:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, BY END USER, 2015-2026
  1. Figure 8:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 9:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, AUTOMOTIVE, 2015-2026
  1. Figure 10:  
  2. SAUDI ARABIA LUBRICANTS MARKET, AUTOMOTIVE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 11:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, HEAVY EQUIPMENT, 2015-2026
  1. Figure 12:  
  2. SAUDI ARABIA LUBRICANTS MARKET, HEAVY EQUIPMENT, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 13:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, METALLURGY & METALWORKING, 2015-2026
  1. Figure 14:  
  2. SAUDI ARABIA LUBRICANTS MARKET, METALLURGY & METALWORKING, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 15:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, POWER GENERATION, 2015-2026
  1. Figure 16:  
  2. SAUDI ARABIA LUBRICANTS MARKET, POWER GENERATION, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 17:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER END-USER INDUSTRIES, 2015-2026
  1. Figure 18:  
  2. SAUDI ARABIA LUBRICANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 19:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026
  1. Figure 20:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 21:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026
  1. Figure 22:  
  2. SAUDI ARABIA LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 23:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026
  1. Figure 24:  
  2. SAUDI ARABIA LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 25:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026
  1. Figure 26:  
  2. SAUDI ARABIA LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 27:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, METALWORKING FLUIDS, 2015-2026
  1. Figure 28:  
  2. SAUDI ARABIA LUBRICANTS MARKET, METALWORKING FLUIDS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 29:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION & GEAR OILS, 2015-2026
  1. Figure 30:  
  2. SAUDI ARABIA LUBRICANTS MARKET, TRANSMISSION & GEAR OILS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 31:  
  2. SAUDI ARABIA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER PRODUCT TYPES, 2015-2026
  1. Figure 32:  
  2. SAUDI ARABIA LUBRICANTS MARKET, OTHER PRODUCT TYPES, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 33:  
  2. SAUDI ARABIA LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 34:  
  2. SAUDI ARABIA LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 35:  
  2. SAUDI ARABIA LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Saudi Arabia Lubricants Industry Segmentation

By End User Automotive
Heavy Equipment
Metallurgy & Metalworking
Power Generation
Other End-user Industries
By Product Type Engine Oils
Greases
Hydraulic Fluids
Metalworking Fluids
Transmission & Gear Oils
Other Product Types
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Market Definition

  • Vehicle Types and Industrial Equipment - Automotive (Passenger Vehicles, Commercial Vehicles and Motorcycles), Power Generation, Heavy Equipment, Metallurgy & Metalworking and Other End-user Industries (Marine, Aviation etc.) are considered under the lubricants market.​
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission & gear oils, hydraulic fluids, metalworking fluids, and greases are taken into consideration.​
  • Service Refill - Service/maintenance refill is considered while accounting the lubricant consumption for each of the vehicle and equipment, under the study.​
  • Factory Fill - First lubricant fill-ups for newly produced vehicles and industrial equipment are considered under the study.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Saudi Arabia Lubricants Market Research FAQs

The Saudi Arabia Lubricants Market size is expected to reach 567.26 million Liters in 2024 and grow at a CAGR of 2.75% to reach 598.92 million Liters by 2026.

In 2024, the Saudi Arabia Lubricants Market size is expected to reach 567.26 million Liters.

BP Plc (Castrol), ExxonMobil Corporation, FUCHS, Petromin Corporation and Royal Dutch Shell Plc are the major companies operating in the Saudi Arabia Lubricants Market.

In the Saudi Arabia Lubricants Market, the Automotive segment accounts for the largest share by end user.

In 2024, the Power Generation segment accounts for the fastest growing by end user in the Saudi Arabia Lubricants Market.

In 2023, the Saudi Arabia Lubricants Market size was estimated at 552.71 million Liters. The report covers the Saudi Arabia Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Lubricants Market size for years: 2024, 2025 and 2026.

Saudi Arabia Lubricants Industry Report

Statistics for the 2024 Saudi Arabia Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Lubricants analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Saudi Arabia Lubricants Market Report Snapshots

Saudi Arabia Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)