UAE has been the largest country operating in MENA lubricants market in terms of production as of 2014. The country majorly controls and supervises its oil & gas related activities through Abu Dhabi National Oil Company (ADNOC) which is regarded as the fourth largest oil & gas Company across the globe. During 2014, ADNOC have commanded a major market share in UAE on the basis of domestic sales volume. The domestic consumption of lubricants in UAE has been relatively small in comparison to its production. Therefore, the country exports a significant part of production to Middle East and East African countries along with neighboring countries including The Commonwealth of Independent States (CIS), India, Pakistan, Sri Lanka, Bangladesh and Africa. East Africa and the CIS have emerged as the major export destinations for lubricants from the UAE.
Exports from the UAE majorly consist of gear oils and greases, which has contributed majority to its exports, while industrial lubricants also occupy a significant share in the country’s export of lubricants. Additionally, the base oil demand in the country is almost double than the production levels because of which base oil is imported from Saudi Arabia, Iran, Europe, Korea and the CIS.
UAE lubricants market is a comparatively sophisticated market in terms of quality of lubricants used. Usage of synthetics and semi synthetics is higher in UAE in comparison to any other country in the MENA region. It is further anticipated that buyers will increasingly opt for high quality lubricating oil due to increased awareness as well as due to high purchasing power. Since the domestic market of UAE is mature and the usage of premium quality lubricants reduces drainage intervals, the consumption of lubricants will rise at a modest rate of around 3% during 2015-2019.
UAE has established as a key business hub for lubricants production in the overall MENA region. The country has a large number of blending facilities in Sharjah, Fujairah and Jebel Ali. It has over 20 blending plants or production of lubricants, with much of the attention focused towards export markets.
The latest market research report on “Middle East and North Africa Lubricants Market Outlook to 2019” provides a comprehensive analysis of lubricants in Middle East and North Africa and covers various aspects such as market size of MENA lubricants market in terms of production and consumption, segmentation on the basis of geography, application, and quality of oil, type of oil and volume of exports and imports for lubricants. The report is useful for lubricants manufacturers, wholesalers, distributors and new players venturing in the market.
Key Topics Covered in the Report:
MENA Lubricants Market
- Market Size by Production
- Market Size by Consumption
- Market Segmentation by
- Type of Base Oil
- Geography (Iran, Saudi Arabia, UAE, Egypt, Algeria and Others)
- Country wise Market Size and Segmentation
- Competition and Market Share in Major Geographies
- Trends and Development
- Growth Drivers and Restraints
- Existing Regulatory Framework and Legislations
- Entry Barriers
- Future Outlook
- Analyst Recommendations
- MENA Region Key Infrastructure Facilities
- Macro Economic Parameters
Key Products Mentioned in the Report
Mineral Oil-based Lubricants
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
Co-operation Petroleum Co. (Copetrole)
Emirates Lube Oil Co. Ltd.
Emirates National Oil Company
Iranoil Oil Company
Misr Petroleum Company
Pars Oil Company
Sepahan Oil Company
Ankur Gupta, Head Marketing & Communications