Market Size of United Arab Emirates Lubricants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 154.40 Million liters |
| Market Volume (2029) | 186.5 Million liters |
| CAGR (2024 - 2029) | 3.84 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE Lubricants Market Analysis
The United Arab Emirates Lubricants Market size is estimated at 154.40 Million liters in 2024, and is expected to reach 186.5 Million liters by 2029, growing at a CAGR of 3.84% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market in 2020 because it significantly impacted supply chains and caused several supply chain disruptions that led to production halts and other issues in almost all industries, such as automotive, heavy equipment, etc. However, the market gradually recovered from the pandemic as the vaccination rates increased and the government started to lift the restrictions.
- The increase in manufacturing activities and the rising automotive sector of the country are expected to be the primary drivers of the lubricants market.
- Factors such as the impact of oil price fluctuations on the production costs of lubricants and the rising demand for the production of more eco-friendly lubricants 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.
