UAE Lubricants Production to Reach 1.4 Billion Litres by 2022: Ken Research
GURUGRAM, India, October 30, 2018 /PRNewswire/ --
- Growing use of recycled oil will bring a change in market sentiment, and will drive a new wave of growth in lubricant sector
- Increasing use of synthetic lubricants will increase in market revenue
- Introduction of bio-based lubricants in market will change the market scenario
Increasing Demand for Recycled Oil: Improvements in re-refining process, stringent regulation and better realization of oil prices are the major reasons behind growing momentum of use of recycled oil. Production of base oil from refining crude is a costlier process than re-refining of used oil. In addition, lubricants produced by refining used oil are as per standards of international bodies such as API and ACEA. Synthetic lubricants are preferred over mineral based lubricants since they are known to last longer, augment engine and machinery performance. These lubricants are pure as base oil used for their manufacturing is highly refined. UAE is witnessing increasing demand for synthetic lubricants, particularly for luxury car segment cars in which engine are more compatible with these lubricants.
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Focus towards Bio Based Lubricants: Environmental norms and rising awareness among OEMs about harmful effects of conventional lubricants is expected to cause the market of bio-based lubricants to expand rapidly which are environment friendly as they have low content of sulphur and phosphorous residues.
Shift towards Non Oil Based Economy: UAE is likely to have a transition from an oil economy to an economy witnessing robust growth in non-oil sectors such as manufacturing and healthcare. The number of pharmaceutical manufacturing establishments is expected to increase owing to agreement between UAE Ministry of Health and global pharmaceutical giant Jafza for establishing pharmaceutical factories in free zones which will increase the demand for lubricants for machinery employed in pharmaceutical factories and also that of medicinal lubricants.
Analysts at Ken Research in their latest publication "UAE Lubricants Market Outlook to 2022 - By Automotive (Heavy Duty Diesel Engine Oils, Passenger Car Motor Oils, Hydraulic Oils, Gear Oils, Greases and Transmission Fluids) and Industrial Lubricants (Hydraulic Oils, Industrial Gear Oils, Greases, Compressor Oils, Turbine Oils and Transformer Oils)" believe that expansion in industrial establishments and pre-owned vehicle market will create a positive impact on UAE lubricant market. The market is expected to register a positive CAGR of 0.8% in terms of production volume during the forecast period 2018-2022E. The market is further expected to be driven by the stabilizing price of crude oil.
Keywords
- UAE Lubricant Market
- Lubricant Export from UAE
- Lubricants Used in UAE
- UAE Lubricant Production
- UAE Sales of Lubricant
- UAE Lubricant Exports
- UAE Lubricant Trends
- UAE Lubricant Growth
- UAE Lubricant Production Volume
- UAE Automotive Lubricants Market
- Dubai Industrial Lubricant Application
- UAE Heavy Duty Diesel Engine Oil Market
- Dubai Industrial Greases Market
- UAE Gear Oils Market
- UAE Hydraulic Oils Market
- UAE Lubricants Revenue
- Hydraulic Oil Industry UAE
- Transmission Oil Revenue UAE
- Greases Market UAE
- Heavy Duty Diesel Engine Oil UAE
- Passenger Motor Oil UAE
- Application Lubricants UAE
- Middle East Lubricant Market
- Automotive Lubricant Sales UAE
- Distribution Automotive Lubricants UAE
- UAE Automotive Lubricant End Users
- UAE Automotive Lubricant Application
- Industrial Lubricant Market
- UAE Industrial Lubricant Application
- UAE Industrial Lubricant End Users
- Major Players UAE Lubricant Market
- Exporters UAE Lubricant Market
- Export Volume Lubricant UAE
- Trends UAE Lubricant Market
- Competition UAE Lubricants
- UAE Regulations Lubricants
Key Segments Covered
- Market Segmentation
- Origin (Mineral, Semi-Synthetic and Synthetic Lubricants)
- Application (Automotive and Industrial)
- Automotive Lubricant Market Segmentation
- By Application (Heavy Duty Diesel Engine Oils, Passenger Car Motor Oils, Hydraulic Oils, Gear Oils, Greases and Transmission Fluids)
- By End Users (Passenger Vehicle Lubricants, Commercial Vehicle Lubricants, Marine Lubricants and Aviation Lubricants)
- By Channel of Distribution (OEM Workshops/Service Stations, Dealer Network, Supermarket and Others)
- Industrial Lubricant Market Segmentation
- By Application (Hydraulic Oils, Industrial Gear Oils, Turbine Oils, Compressor Oils, Greases and Transformer Oils)
- By End Users (Construction, Power Generation, Manufacturing and others)
- By Channel of Distribution (Direct Sales by Companies and Workshops, Dealer network)
Key Target Audience
- Automotive OEMs
- Industrial Machinery Manufacturers
- Lubricant Manufacturers
- Additive Suppliers
- Lubricant Distributors
- Lubricant Consultants
Time Period Captured in the Report:
- Historical Period - 2012-2017
- Forecast Period - 2018-2022E
Companies Covered:
- ADNOC
- Total
- Shell
- Exxon Mobil
- Chevron
- Castrol
- ENOC
- LUKOIL
- Rulexx Lubricants and Grease Ind llc.
- Lubrex FZC
- MAG Lubricants
- AXCL Lubes
- DANA Lubricants
- Emirates Lube Oil Company Ltd.
- Sharafco Group of Companies
- Crystal Petroleum
- Atlantic Grease and Lubricant
- Petrotek
- SHARLU
- Universal Lubricants
- Aljazeera Lubricants LLC
- Stanley Lubricants
Key Topics Covered in the Report
• Executive Summary
• Research Methodology
• Stakeholders in UAE Lubricants Market
• UAE Lubricant Market Overview
• Value Chain Analysis for UAE Lubricants Market
• UAE Lubricants Market Size
• UAE Lubricants Market Segmentation
• UAE Automotive Lubricants Market Segmentation
• UAE Industrial Lubricants Market Segmentation
• Trends and Developments in UAE Lubricants Market
• Snapshot on Emerging Lubricants in UAE Lubricants Market
• Trade of Lubricants in UAE
• Government Role and Regulations in UAE Lubricants Market
• SWOT Analysis of UAE Lubricants Market
• Competitive Scenario in UAE Lubricants Market 2017
• Decision Making Criteria for End Users in UAE Lubricant Market
• Company Profiles of Major Players in UAE Lubricants Market
• UAE Lubricants Market Future Outlook and Projections, 2018E-2022E
• Analyst Recommendation
For more information on the research report, refer to below link:
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