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Middle East And Africa Base Oil Market 2022-2028

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 100 Pages Triton Market Research July, 2022 TRTN17330666
Best Price Guarantee
Price from $1,500
Length 100 Pages
Publisher Triton Market Research
Published Date July, 2022
SKU TRTN17330666

Middle East And Africa Base Oil Market 2022-2028

MARKET OUTLOOK

As per Triton Market Research, the base oil market in the Middle East and Africa region is expected to fuel up at a revenue CAGR of 3.67% and volume CAGR of 4.18% during the forecast period 2022 to 2028. The United Arab Emirates, Turkey, Saudi Arabia, South Africa, and Rest of Middle East & Africa are considered the market in the region.

In Turkey, re-refined base oil has been mandated from 2022, and domestic lubricant blenders are expected to use the same in their lubricant production. According to the Turkish Ministry for Environment and Urban Planning, the share of base oils produced from waste oils is expected to rise to 12% in 2023 and 15% in 2024. Alongside, Tayras, a Turkish firm, opened the first re-refinery, and the new unit is expected to produce around 48,000 t/yr of Group II+ base oils.

Similarly, in Saudi Arabia, initiatives taken by market players are expected to fuel the market growth during the forecast period. For instance, S-Oil and Saudi Aramco inked four memorandums of understanding to work together on alternative energy projects. These agreements cover collaboration in the fields of thermal crude, chemicals technology, research and development to create future energy sources with lower carbon emissions and venture capital investment. Therefore, these factors are expected to lead to significant market growth in the forecasted period.

COMPETITIVE OUTLOOK

The major companies operating in the base oil market are Saudi Aramco, Exxon Mobil Corporation, Sepahan Oil, GS Caltex Corporation, Ergon Inc, S-Oil Corporation, and Nynas AB.


1. Middle East And Africa Base Oil Market - Summary
2. Industry Outlook
2.1. Impact Of Covid-19 On The Base Oil Market
2.2. Key Insights
2.2.1. Rapid Industrialization Across The Globe
2.2.2. Increasing Demand For Hydraulic Oil
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Product Launches & Developments
2.6.2. Partnerships & Agreements
2.7. Market Drivers
2.7.1. Rising Demand For High-grade Oils From The Automotive Sector
2.7.2. Wide Range Of Applications Across Different End-users
2.7.3. Stringent Environmental Regulations Leading To Strict Performance Standards
2.8. Market Challenges
2.8.1. Volatility In The Price Of Crude Oil
2.8.2. Decrease In The Demand For Group I Base Oil
2.9. Market Opportunities
2.9.1. Increasing Popularity Of Renewable Base Oil
3. Middle East And Africa Base Oil Market Outlook - By Group (In Terms Of Value: $ Million & Volume: Kiloton)
3.1. Group I
3.2. Group Ii
3.3. Group Iii
3.4. Group Iv
3.5. Group V
4. Middle East And Africa Base Oil Market Outlook - By Application (In Terms Of Value: $ Million & Volume: Kiloton)
4.1. Automotive Oil
4.2. Industrial Oil
4.3. Greases
4.4. Hydraulic Oil
4.5. Metalworking Fluids
4.6. Other Applications
5. Middle East And Africa Base Oil Market – Country Outlook (In Terms Of Value: $ Million & Volume: Kiloton)
5.1. United Arab Emirates
5.2. Saudi Arabia
5.3. Turkey
5.4. South Africa
5.5. Rest Of Middle East & Africa
6. Competitive Landscape
6.1. Exxon Mobil Corporation
6.2. Chevron Corporation
6.3. Saudi Aramco
6.4. Shell Plc
6.5. Neste Oyj
6.6. Gs Caltex Corporation
6.7. Avista Oil Ag
6.8. Pt Pertamina (Persero)
6.9. Phillips 66 Company
6.10. Sepahan Oil
6.11. Ergon Inc
6.12. Grupa Lotos
6.13. Nynas Ab
6.14. S-oil Corporation
6.15. Repsol Sa
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources Of Data
7.3. Research Methodology
Table List
Table 1: Middle East And Africa Base Oil Market, By Country Outlook, 2022-2028 (In $ Million)
Table 2: Middle East And Africa Base Oil Market, By Country Outlook, 2022-2028 (In Kiloton)
Table 3: Vendor Scorecard
Table 4: Middle East And Africa Base Oil Market, By Group, 2022-2028 (In $ Million)
Table 5: Middle East And Africa Base Oil Market, By Group, 2022-2028 (In Kiloton)
Table 6: Middle East And Africa Base Oil Market, By Application, 2022-2028 (In $ Million)
Table 7: Middle East And Africa Base Oil Market, By Application, 2022-2028 (In Kiloton)
Table 8: Middle East And Africa Base Oil Market, By Country Outlook, 2022-2028 (In $ Million)
Table 9: Middle East And Africa Base Oil Market, By Country Outlook, 2022-2028 (In Kiloton)
Figure List
Figure 1: Market Attractiveness Index
Figure 2: Middle East And Africa Base Oil Market, By Group, 2021 & 2028 (In %)
Figure 3: Middle East And Africa Base Oil Market, By Group I, 2022-2028 (In $ Million)
Figure 4: Middle East And Africa Base Oil Market, By Group Ii, 2022-2028 (In $ Million)
Figure 5: Middle East And Africa Base Oil Market, By Group Iii, 2022-2028 (In $ Million)
Figure 6: Middle East And Africa Base Oil Market, By Group Iv, 2022-2028 (In $ Million)
Figure 7: Middle East And Africa Base Oil Market, By Group V, 2022-2028 (In $ Million)
Figure 8: Middle East And Africa Base Oil Market, By Application, 2021 & 2028 (In %)
Figure 9: Middle East And Africa Base Oil Market, By Automotive Oil, 2022-2028 (In $ Million)
Figure 10: Middle East And Africa Base Oil Market, By Industrial Oil, 2022-2028 (In $ Million)
Figure 11: Middle East And Africa Base Oil Market, By Greases, 2022-2028 (In $ Million)
Figure 12: Middle East And Africa Base Oil Market, By Hydraulic Oil, 2022-2028 (In $ Million)
Figure 13: Middle East And Africa Base Oil Market, By Metalworking Fluids, 2022-2028 (In $ Million)
Figure 14: Middle East And Africa Base Oil Market, By Other Applications, 2022-2028 (In $ Million)
Figure 15: Middle East And Africa Base Oil Market, Country Outlook, 2021 & 2028 (In %)
Figure 16: United Arab Emirates Base Oil Market 2022-2028 (In $ Million)
Figure 17: Saudi Arabia Base Oil Market 2022-2028 (In $ Million)
Figure 18: Turkey Base Oil Market 2022-2028 (In $ Million)
Figure 19: South Africa Base Oil Market 2022-2028 (In $ Million)
Figure 20: Rest Of Middle East & Africa Base Oil Market 2022-2028 (In $ Million)

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