Market Size of uae lubricants Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2018 - 2026 | |
Market Volume (2024) | 159.81 Million Liters | |
Market Volume (2026) | 173.00 Million Liters | |
Largest Share by End User | Automotive | |
CAGR (2024 - 2026) | 4.04 % | |
Fastest Growing by End User | Power Generation | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
UAE Lubricants Market Analysis
The Uae Lubricants Market size is estimated at 159.81 Million Liters in 2024, and is expected to reach 173 Million Liters by 2026, growing at a CAGR of 4.04% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment in the UAE due to the large presence of high-end vehicles and SUVs and higher oil replacement cycles compared to other segments.
- Fastest Segment by End-user Industry - Power Generation : Power generation is the fastest-growing end-user of lubricants in the UAE due to the rising usage of natural gas reactors and wind turbines for energy generation.
- Largest Segment by Product Type - Engine Oils : Due to the varying engine size of cars, motorcycles, trucks, and buses and the high oil-changing frequencies, engine oil is the most widely used product category in the UAE.
- Fastest Segment by Product Type - Greases : Grease is required for the smooth operation of industrial machinery, and with the country's manufacturing industry growing, grease consumption is likely to expand even faster.