United Arab Emirates Lubricants Market Size

Statistics for the 2023 & 2024 United Arab Emirates Lubricants market size, created by Mordor Intelligence™ Industry Reports. United Arab Emirates Lubricants size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of United Arab Emirates Lubricants Industry

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United Arab Emirates Lubricants Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 1.00 %
Market Concentration High

Major Players

United Arab Emirates Lubricants Market Major Players

*Disclaimer: Major Players sorted in no particular order

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UAE Lubricants Market Analysis

The United Arab Emirates lubricants market is expected to register a CAGR of more than 1% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has reportedly reached pre-pandemic levels and is forecasted to grow steadily.

  • Growth of the domestic food and beverage industry is expected to fuel market expansion over the projected period.
  • The future impact of electric vehicles (EVs) will likely hinder market growth during the forecast period.
  • Investments and the government's plans to support industrial growth in the country are likely to provide a major growth opportunity for the market studied during the forecast period.
  • The automotive and other transportation segment dominates the market and is expected to continue its dominance during the forecast period.

UAE Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)