MEA Industrial Lubricants Market to Reach $22.62 Billion by 2029

Growing Automotive and Industrial Sectors Drive Market Growth Despite Environmental Concerns

According to a recent report by Market Data Forecast, the Middle East and Africa industrial lubricants market, valued at US$ 18.51 billion in 2023, is projected to reach US$ 22.62 billion by 2029, growing at a CAGR of 3.4% from 2024 to 2029. These specialized lubricants are essential for reducing friction and enhancing efficiency across diverse industries, including manufacturing, automotive, and construction.


Key Highlights:

  • Market Growth: The market is set to grow due to factors like the expanding automotive industry, rising demand for low-viscosity fluids, and rapid industrialization in the region.
  • Segment Analysis: The report covers market segments based on Base Oil, Product, End-user, and Geography, spotlighting key players such as ExxonMobil, Shell, BP, and Chevron.
  • Market Drivers: The automotive and food and beverages sectors are key drivers, with increasing demand for hydraulic fluids and greases.
  • Market Restraints: Environmental concerns related to the disposal of hydraulic oils and stringent regulations pose challenges to market growth.


Despite these challenges, the market is driven by the region’s growing automobile production and industrial sectors.