Lubricant Demand in Qatar | Development in MENA Lubricant | Market Outlook Algeria Lubricant - PowerPoint PPT Presentation

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Lubricant Demand in Qatar | Development in MENA Lubricant | Market Outlook Algeria Lubricant

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Middle East and North Africa Lubricants Market Outlook to 2019 - Driven by Automotive Demand and Infrastructural Developments' provides an in-depth analysis of the MENA lubricants market. The report covers specific insights on the market size in terms of production and consumption volume, segmentation on the basis of geography, application, quality of oil and type of oil by major countries, recent trends and developments and future outlook of the lubricants market in MENA region. The report also entails a detailed description of the prominent geographic markets of the region including Iran, Saudi Arabia, UAE, Egypt and Algeria and snapshot on Iraq, Kuwait, Qatar, Oman, and Morocco – PowerPoint PPT presentation

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Title: Lubricant Demand in Qatar | Development in MENA Lubricant | Market Outlook Algeria Lubricant


1
Automotive Demand and Infrastructural Development
to Drive Lubricants Demand in Middle East and
North Africa Ken Research
2
  • MENA lubricants market is predicted to pace up
    rapidly in the forthcoming years and scale new
    heights. Abundance of base oil and low cost of
    production have driven the growth of lubricants
    production in the region. An important trend
    observed in this region is that markets which
    have been comparatively larger from volume point
    of view were less advanced than smaller consuming
    markets such as the United Arab Emirates (UAE).

3
  • Islamic Republic of Iran (Iran) and Egypt were
    the largest markets in terms of consumption,
    which accounted for nearly of the total demand
    in Middle East in 2014. Northern Africa is also a
    small lubricant consuming market from a volume
    point of view, with Egypt being the top most
    consumers.

4
  • Further, rising demand from international markets
    has been inducing producers to expand production
    capacities. It is forecasted that the lubricants
    production will surge to a gigantic thousand
    tons by the year 2019 due to expanding refining
    capacities and upcoming blending facilities. The
    production is anticipated to register a
    noteworthy CAGR of during the forecasted
    period 2015-2019.

5
  • Rapid industrial development in the region,
    tourism activities and booming automotive sector
    are the major factors fuelling the demand for
    lubricants in MENA countries. The total
    lubricants consumption is forecasted to mount to
    thousand tons by the year 2019 at an
    appreciable CAGR of during the period
    2015-2019.

6
  • The rapidly increasing vehicle population in the
    region, rising disposable income of consumers and
    healthy GDP growth rates allowing government to
    invest in infrastructural and industrial
    development projects are considered important to
    drive the market in the near future.

7
  • MENA region is a major player in the Group I base
    oil segment and is projected to be the one of the
    last few markets to shift to lighter grade base
    oils. African countries have comparatively low
    income level than Middle East countries and can
    likely afford high-end synthetic products made
    from Group III or Group IV base oil and this is
    the major reason behind countries including Saudi
    Arabia and Iran producing Group I base oil in
    larger quantities.

8
  • Further, due to absence of any restrictions, low
    quality lubricants have been imported in most of
    the countries. Despite of high income level,
    consumers still prefer puncture shops over lube
    oil centers and therefore do not mind the use of
    low quality oil to save costs. Absence of
    stringent regulations and lack of awareness have
    restricted the use of synthetics in the region.

9
  • It is anticipated that MENA region will slowly
    progress towards use of premium quality oil with
    the increase in number of new vehicles in the
    long run. Further, the government might have to
    enter intro joint ventures with international
    players to ensure that the market progresses
    towards use of premium quality lubricants.,
    according to the Research Analyst, Ken Research.

10
  • The report titled MENA Lubricants Market Outlook
    to 2019 provides detailed overview on the
    Lubricants Market and helps reader to identify
    the ongoing trends in the industry and
    anticipated growth in future depending upon
    changing industry dynamics in coming years. The
    report will help industry lubricant
    manufacturers, wholesalers, distributors,
    consultants, new entrants and other stakeholders
    to align their market centric strategies
    according to ongoing and expected trends in the
    future.

11
Key Products Mentioned in the Report
  • Mineral Oil-based Lubricants
  • Synthetic Lubricants
  • Base Oil
  •  
  • Companies Covered in the Report
  • Abu Dhabi National Oil Company
  • Al Jomaih and Shell Lubricating Oil Company
    Limited
  • Alhamrani-Fuchs Petroleum Saudi Arabia Limited
  • Behran Oil Company
  • BP
  • Co-operation Petroleum Co. (Copetrole)
  • Emarat Misr
  • Emirates Lube Oil Co. Ltd.

12
  • Emirates National Oil Company
  • ExxonMobil
  • Iranoil Oil Company
  • Misr Petroleum Company
  • NAFTAL
  • Pars Oil Company
  • Petromin Corp.
  • Sepahan Oil Company
  • Total

13
  • Related Reports
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    Refineries-Petrochemicals Integration to Drive
    Naphtha Market
  • Egypt Naphtha Market Outlook to 2018 - Industry
    Shift from Natural Gas to Naphtha
  • India Lubricants Industry Outlook to 2017 -
    Focus on Automotive Lubricants and Transforming
    Channel from Retail PSU'S to Bazaar Trade
  •  ContactKen ResearchAnkur Gupta, Head
    Marketing CommunicationsAnkur_at_kenresearch.com
    91-9015378249
  • Website https//www.kenresearch.com/automotive-
    transportation-and-warehousing/automotive-and-auto
    motive-components/mena-lubricants-market-research-
    report/1109-100.html

14
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