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

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Automotive Demand and Infrastructural Development
to Drive Lubricants Demand in Middle East and
North Africa Ken Research
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• 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).

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• 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.

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• 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.

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• 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.

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• 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.

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• 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.

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• 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.

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• 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.

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• 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.

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Key Products Mentioned in the Report

• Mineral Oil-based Lubricants
• Synthetic Lubricants
• Base Oil
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• 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.

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

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• Related Reports
• Middle East Naphtha Market Outlook to 2018 -
  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

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Thank You