This report provides a comprehensive analysis of the automotive and industrial lubricants market in the UAE. The report focuses on overall market size, market segmentation by origin, by application, market segmentation of automotive lubricants market by application, by end users, by channel of distribution, market segmentation of industrial lubricants market by application, by end users and by channel of distribution. The report also covers the overall competitive landscape; government role and regulations, trade scenario, snapshot on emerging lubricants, trends and developments. The report concludes with future projections highlighting the major opportunities and cautions.
UAE Lubricants Market Overview
The UAE lubricant market is at a mature stage. Domestic and international players have catered to the demand of lubricants that led to an increase in market revenue. Synthetic lubricants have witnessed an increase in demand as they provide better protection to engines and machinery and augment engine performance in varying conditions. The growth in exports till the year 2015 was largely attributed to an increase in demand for lubricants from importing countries accompanied by a rise in crude oil prices. However, post 2015, the market has considerably declined owing to the effects of an oil slump which led to a decline in the prices of lubricants.
UAE Lubricants Market Future Outlook and Projections
The UAE Lubricants market is expected to grow positively from 2017 to 2022 in terms of production volume. An increase in service station network will strengthen the distribution channel in UAE so as to increase market share of key players such as ADNOC. Automotive lubricants will dominate the market and demand of synthetic lubricants will increase as these lubricants provide enhanced engine protection and augment car performance.
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