Market Size of Pakistan Lubricants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 192.78 Million liters |
| Market Volume (2029) | 214.09 Million liters |
| CAGR (2024 - 2029) | 2.12 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Pakistan Lubricants Market Analysis
The Pakistan Lubricants Market size is estimated at 192.78 Million liters in 2024, and is expected to reach 214.09 Million liters by 2029, growing at a CAGR of 2.12% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, nationwide lockdowns around the globe disrupted manufacturing activities and supply chains, and production halts impacted the market in 2020. However, the sector is recovering well since restrictions were lifted. An increase in automotive sales, power generation, and demand for food and beverages have led the market recovery over the last two years.
The primary factor driving the market's growth is the augmenting automotive production in Pakistan. With the increasing Chinese investment in the past few years, the market studied is expected to see an increase in demand over the forecasted period.
On the flip side, the sluggish growth in the textile industry is anticipated to restrain the development of the target industry over the forecast period.
Potential growth in the renewable energy sector will likely act as an opportunity for the market studied.
Pakistan Lubricants Industry Segmentation
A lubricant is a substance that helps to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also transmit forces, transport foreign particles, or heat or cool the surfaces.
Pakistan's Lubricants market is segmented by product type and end-user industry. By product type, the market is segmented into engine oil, transmission and hydraulic fluid, general industrial oil, gear oils, grease, and other product types (process oil and turbine oil). By end-user industry, the market is segmented into power generation, automotive and transportation, heavy equipment, food and beverage, and other end-user industries (construction and food and beverage industry).
For each segment, the market sizing and forecasts have been done based on volume (liters).
| Product Type | |
| Engine Oil | |
| Transmission and Hydraulic Fluid | |
| General Industrial Oil | |
| Gear Oils | |
| Grease | |
| Other Product Types (Process Oil and Turbine Oil) |
| End-user Industry | |
| Power Generation | |
| Automotive and Transportation | |
| Heavy Equipment | |
| Food and Beverage | |
| Other End-user Industries (Construction and Food and Beverage Industry) |
Pakistan Lubricants Market Size Summary
The Pakistan Lubricants Market is projected to grow at a steady pace in the coming years. Factors such as the increase in automotive sales, power generation, and demand for food and beverages have been instrumental in the market's recovery, particularly after the disruptions caused by the COVID-19 pandemic. The market is primarily driven by the rise in automotive production in the country, bolstered by increasing Chinese investment. However, slow growth in the textile industry may somewhat hinder the market's development. Opportunities for growth are anticipated in the renewable energy sector. Engine oil dominates the market due to its extensive use in the automotive sector. These lubricants are used to reduce friction, prevent rust and corrosion, and maintain the cleanliness of components. The demand for engine oils is expected to increase moderately over the forecast period. The automotive and transportation sector also holds a significant share in the Pakistan Lubricants Market, with the need for high-quality lubricants for vehicles and machinery on the rise. Factors such as expanding road networks, increasing vehicle ownership, and industrial developments contribute to the sector's dominance. The market features a mix of global and domestic players, including Shell, Chevron Corporation, Exxon Mobil Corporation, Pakistan State Oil, and Hi-Tech Lubricants Limited.
Explore MorePakistan Lubricants Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Positive Outlook for the Automotive Industry
-
1.1.2 Increasing Chinese Investments in the Country
-
-
1.2 Restraints
-
1.2.1 Sluggish Growth in Textile Industry
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Buyers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION (Market Size in Volume)
-
2.1 Product Type
-
2.1.1 Engine Oil
-
2.1.2 Transmission and Hydraulic Fluid
-
2.1.3 General Industrial Oil
-
2.1.4 Gear Oils
-
2.1.5 Grease
-
2.1.6 Other Product Types (Process Oil and Turbine Oil)
-
-
2.2 End-user Industry
-
2.2.1 Power Generation
-
2.2.2 Automotive and Transportation
-
2.2.3 Heavy Equipment
-
2.2.4 Food and Beverage
-
2.2.5 Other End-user Industries (Construction and Food and Beverage Industry)
-
-
Pakistan Lubricants Market Size FAQs
How big is the Pakistan Lubricants Market?
The Pakistan Lubricants Market size is expected to reach 192.78 million liters in 2024 and grow at a CAGR of 2.12% to reach 214.09 million liters by 2029.
What is the current Pakistan Lubricants Market size?
In 2024, the Pakistan Lubricants Market size is expected to reach 192.78 million liters.
