Qatar Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Qatar Lubricants Market size is estimated at 57.56 Million Liters in 2024, and is expected to reach 61.05 Million Liters by 2026, growing at a CAGR of 2.99% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment in the UAE due to the large presence of high-end vehicles and SUVs and higher oil replacement cycles compared to other segments.
- Fastest Segment by End-user Industry - Power Generation : Due to the increasing use of natural gas reactors and wind turbines for energy generation, power generation is projected to be the fastest-growing end user in Qatar.
- Largest Segment by Product Type - Engine Oils : Engine oil is the most consumed product type in Qatar due to the high volume of engine oil and high replacement frequencies required to lubricate car and truck engines.
- Fastest Segment by Product Type - Greases : Grease is required for the smooth operation of industrial machinery, and with the country's manufacturing industry growing, grease consumption is likely to rise even faster.
Qatar Lubricants Market Trends
Largest Segment By End User : Automotive
- In 2020, the Qatari lubricants market was dominated by the automotive industry, which accounted for around 56% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased by around 11.8%.
- In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the metallurgy and metalworking sectors, which recorded a dip of 16.9%, followed by heavy equipment (7.9%) during the year.
- Power generation is likely to be the fastest-growing end-user industry of the market studied, with a CAGR of 5.35% over the period 2021-2026, followed by automotive (2.89%). The growing capacity addition of power generation in the country is likely to drive the consumption of lubricants in the power generation industry.
Qatar Lubricants Industry Overview
The Qatar Lubricants Market is moderately consolidated, with the top five companies occupying 54.11%. The major players in this market are ExxonMobil Corporation, Qatar Lubricants Company (QALCO), Royal Dutch Shell PLC, TotalEnergies and Valvoline Inc. (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
- 1 Executive Summary & Key Findings
- 2 Introduction
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
- 3 Key Industry Trends
- 3.1 Automotive Industry Trends
- 3.2 Manufacturing Industry Trends
- 3.3 Power Generation Industry Trends
- 3.4 Regulatory Framework
- 3.5 Value Chain & Distribution Channel Analysis
- 4 Market Segmentation
- 4.1 By End User
- 4.1.1 Automotive
- 4.1.2 Heavy Equipment
- 4.1.3 Metallurgy & Metalworking
- 4.1.4 Power Generation
- 4.1.5 Other End-user Industries
- 4.2 By Product Type
- 4.2.1 Engine Oils
- 4.2.2 Greases
- 4.2.3 Hydraulic Fluids
- 4.2.4 Metalworking Fluids
- 4.2.5 Transmission & Gear Oils
- 4.2.6 Other Product Types
- 5 Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Profiles
- 5.3.1 BP Plc (Castrol)
- 5.3.2 Chevron Corporation
- 5.3.3 Dana Lubricants Factory LLC
- 5.3.4 ENEOS Corporation
- 5.3.5 ExxonMobil Corporation
- 5.3.6 Indian Oil Corporation Limited
- 5.3.7 Qatar Lubricants Company (QALCO)
- 5.3.8 Royal Dutch Shell PLC
- 5.3.9 TotalEnergies
- 5.3.10 Valvoline Inc.
- 6 Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
- 7 Key Strategic Questions for Lubricants CEOs
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