Middle East & Africa Lubricating Grease Market Forecast to 2030 - Regional Analysis - by Base Oil, Thickener Type, and End-Use Industry

Description

List of Tables

The Middle East & Africa lubricating grease market was valued at US$ 166.39 million in 2022 and is expected to reach US$ 211.14 million by 2030; it is estimated to register a CAGR of 3.0% from 2022 to 2030.

Rising Adoption of Bio-based Greases Bolsters Middle East & Africa Lubricating Grease Market

In the industrial sector, lubricating grease is one of the key components that help the equipment operate efficiently and with maximum reliability. The lubricating greases are used across various industries, including automotive, oil & gas, textile, automotive, power generation, paper & pulp, chemicals & petrochemicals, agriculture, manufacturing, food & beverages, and pharmaceuticals. Mineral and synthetic lubricants pollute the environment in small but extensive quantities. Most of these lubricants are nonaqueous liquids. They can also cause major environmental damage due to accidental spillage, improper disposal, leakages, and lost lubrication. Increasing environmental and climate-protection directives ensure robust demand for bio-based products in high-growth and specialty-product categories. Compared to traditional mineral oil lubricating grease, synthetic and quasi-synthetic oils and biolubricants have gained strong traction owing to benefits such as environmental compatibility, longer product life, and high performance. Conventional mineral-based lubricants can adversely affect the operators' health and the environment. Also, several studies have proven that these lubricants may contain carcinogenic additives and impurities in their formulation, which causes dermatitis and skin cancer.

Mineral oil is inferior in biodegradability, with a range of 15-35% biodegradation. The said biodegradation values are below the accepted guideline for environmentally acceptable lubricant, which is 80%. Properly disposing of the mineral-based cutting lubricant is challenging and involves numerous processes that are expensive. Therefore, bio-based lubricating grease is preferred over conventional mineral-based lubricating grease. Bio-based lubricating grease is made from renewable resources such as vegetable oils or animal fats, offering a sustainable alternative. This alignment with eco-friendly practices positions biobased lubricating grease as a preferred choice for industries looking to reduce their environmental footprint.

Strong environmental concerns and growing regulations over environmental contamination and pollution have increased the need for renewable and biodegradable lubricating grease. Biobased lubricating greases, being biodegradable and exhibiting lower toxicity, contribute to a reduction in environmental impact. Industries are increasingly recognizing the importance of adopting greases that provide effective lubrication and align with their sustainability goals, driving the incorporation of biobased alternatives into their operations. Public demand, industrial concern, and government agencies have also driven accelerated research and development in biobased lubricating grease. Moreover, better ways to protect the ecosystem or reduce the negative impact of spills or leakage of lubricants are required to be highlighted. Regulatory initiatives around the world are further propelling the role of biobased lubricating greases in the market. Compliance with these regulations is prompting industries to transition toward biobased lubricants to ensure adherence to environmental standards, thereby fostering market growth.

Middle East & Africa Lubricating Grease Market Overview

The Middle East & Africa market is evolving due to the increasing passenger vehicle production. The demand for vehicles made in the region is growing consistently. Rising middle-class income, growing population, and increasing passenger vehicle production are also driving the market growth. The growing automotive sales in South Africa and Saudi Arabia create a significant demand for lubricating greases. In September 2022, Renault Group Morocco announced that its two factories in Tangier and Casablanca, Morocco, produced 350,000 vehicles in 2022, a 15.3% increase over the production numbers in 2021. The Middle East & Africa market is evolving due to increasing passenger vehicle production, rising middle-class income, and growing population. Furthermore, the construction and infrastructure boom in the Middle East, marked by ambitious projects and urban development, has played a pivotal role in the escalating demand for lubricating grease. Construction machinery, heavy equipment, and vehicles essential for these projects need effective lubrication solutions to withstand demanding operating conditions and maintain optimal performance.

The oil & gas sector is also a significant contributor to the growing demand for lubricating grease in the Middle East & Africa. The industry's critical infrastructure, including pipelines, refineries, and extraction facilities, requires lubricating solutions to perform smoothly in such a harsh environment. Lubricating greases are used to protect process equipment operating under high temperatures, high loads, and long service intervals, addressing the specific challenges posed by the extreme temperatures and corrosive elements prevalent in oil & gas operations across the region. Thus, all these factors bolster the demand for lubricating grease in the Middle East & Africa.

The report published by the Minerals Council of South Africa in 2022 revealed that the mining production in South Africa was valued at US$ 57 billion in 2021 and reached US$ 61 billion in 2022. Further, in South Africa, mining exports accounted for US$ 46.3 billion, or 24% of the country's international trade in 2022. The total sales of iron ore in South Africa accounted for US$ 5.4 billion in 2022, representing a rise of 47.3% as compared to 2019. In addition, according to the International Trade Administration, Saudi Arabia's untapped mineral reserves accounted for US$ 1.3 trillion in 2021. Further, the World Mining Data 2022 report by the Federal Ministry Republic of Austria revealed that Africa accounted for 889,634,740 metric tons of mineral production (excluding bauxite). The mining production rate of minerals in Africa increased by 16.2% from 2000 to 2020. As countries in the Middle East & Africa, particularly in Africa, experience a surge in mining activities, the need for robust lubrication solutions becomes paramount. Mining operations involve heavy-duty machinery and equipment subjected to extreme conditions, such as high temperatures, heavy loads, and abrasive environments. Lubricating grease plays a crucial role in ensuring the efficient functioning of these machines by reducing friction, preventing wear and corrosion, and extending the lifespan of critical components.

Middle East & Africa Lubricating Grease Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Lubricating Grease Market Segmentation

The Middle East & Africa lubricating grease market is categorized into base oil, thickener type, end-use industry, and country.

Based on base oil, the Middle East & Africa lubricating grease market is segmented mineral oil, synthetic oil, and bio-based. The mineral oil segment held the largest market share in 2022. The synthetic oil segment is further sub segmented into polyalkylene glycol, polyalphaolefin, and esters.

In terms of thickener type, the Middle East & Africa lubricating grease market is categorized into lithium, lithium complex, polyurea, calcium sulfonate, anhydrous calcium, aluminum complex, and others. The lithium segment held the largest market share in 2022.

By end-use industry, the Middle East & Africa lubricating grease market is segmented into conventional vehicles, electric vehicles, building & construction, mining, marine, food, energy & power, and others. The conventional vehicles segment held the largest market share in 2022.

By country, the Middle East & Africa lubricating grease market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa lubricating grease market share in 2022.

BP Plc, Chevron Corp, Exxon Mobil Corp, Fuchs SE, Kluber Lubrication GmbH & Co KG, Petroliam Nasional Bhd, Shell Plc, TotalEnergies SE, and Valvoline Inc are some of the leading companies operating in the Middle East & Africa lubricating grease market.

Product Code: BMIRE00030913

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.3 Limitations and Assumptions

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Middle East & Africa Lubricating Grease Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants
- 4.2.2 Threat of Substitutes
- 4.2.3 Bargaining Power of Buyers
- 4.2.4 Bargaining Power of Suppliers
- 4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors or Suppliers
- 4.3.4 End-use Industry

5. Middle East & Africa Lubricating Grease Market - Key Market Dynamics

5.1 Drivers
- 5.1.1 Soaring Demand for Lubricating Grease from the Automotive Industry
- 5.1.2 Rapid Industrialization in Developing Economies
5.2 Market Restraints
- 5.2.1 Stringent Government Policies
5.3 Market Opportunities
- 5.3.1 Rising Adoption of Bio-based Greases
5.4 Future Trends
- 5.4.1 Advancements in Grease Development
5.5 Impact of Drivers and Restraints:

6. Lubricating Grease Market - Middle East & Africa Analysis

6.1 Middle East & Africa Lubricating Grease Market Revenue (US$ Million), 2020-2030
6.2 Middle East & Africa Lubricating Grease Market Forecast Analysis

7. Middle East & Africa Lubricating Grease Market Analysis - Base Oil

7.1 Mineral Oil
- 7.1.1 Overview
- 7.1.2 Mineral Oil Market Revenue and Forecast to 2030 (US$ Million)
- 7.1.1 Mineral Oil Market Volume and Forecast to 2030 (Kilo Tons)
7.2 Synthetic Oil
- 7.2.1 Overview
- 7.2.2 Synthetic Oil Market, Revenue and Forecast to 2030 (US$ Million)
- 7.2.1 Synthetic Oil Market Volume and Forecast to 2030 (Kilo Tons)
- 7.2.2 Polyalkylene Glycol (PAG)
- 7.2.3 Polyalphaolefin (PAO)
- 7.2.4 Esters
7.3 Bio-based
- 7.3.1 Overview
- 7.3.2 Bio-based Market Revenue and Forecast to 2030 (US$ Million)
- 7.3.1 Bio-based Market Volume and Forecast to 2030 (Kilo Tons)

8. Middle East & Africa Lubricating Grease Market Analysis - Thickener Type

8.1 Lithium
- 8.1.1 Overview
- 8.1.2 Lithium Market Revenue and Forecast to 2030 (US$ Million)
- 8.1.1 Lithium Market Volume and Forecast to 2030 (Kilo Tons)
8.2 Lithium Complex
- 8.2.1 Overview
- 8.2.2 Lithium Complex Market Revenue and Forecast to 2030 (US$ Million)
- 8.2.1 Lithium Complex Market Volume and Forecast to 2030 (Kilo Tons)
8.3 Polyurea
- 8.3.1 Overview
- 8.3.2 Polyurea Market Revenue and Forecast to 2030 (US$ Million)
- 8.3.1 Polyurea Market Volume and Forecast to 2030 (Kilo Tons)
8.4 Calcium Sulfonate
- 8.4.1 Overview
- 8.4.2 Calcium Sulfonate Market Revenue and Forecast to 2030 (US$ Million)
- 8.4.1 Calcium Sulfonate Market Volume and Forecast to 2030 (Kilo Tons)
8.5 Anhydrous Calcium
- 8.5.1 Overview
- 8.5.2 Anhydrous Calcium Market Revenue and Forecast to 2030 (US$ Million)
- 8.5.1 Anhydrous Calcium Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
8.6 Aluminum Complex
- 8.6.1 Overview
- 8.6.2 Aluminum Complex Market Revenue and Forecast to 2030 (US$ Million)
- 8.6.1 Aluminum Complex Market Volume and Forecast to 2030 (Kilo Tons)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)
- 8.7.1 Others Market Volume and Forecast to 2030 (Kilo Tons)

9. Middle East & Africa Lubricating Grease Market Analysis - End Use Industry

9.1 Conventional Vehicles
- 9.1.1 Overview
- 9.1.2 Conventional Vehicles Market Revenue and Forecast to 2030 (US$ Million)
- 9.1.1 Conventional Vehicles Market Volume and Forecast to 2030 (Kilo Tons)
9.2 Electric Vehicles
- 9.2.1 Overview
- 9.2.2 Electric Vehicles Market Revenue, and Forecast to 2030 (US$ Million)
- 9.2.1 Electric Vehicles Market Volume and Forecast to 2030 (Kilo Tons)
9.3 Building and Construction
- 9.3.1 Overview
- 9.3.2 Building and Construction Market Revenue and Forecast to 2030 (US$ Million)
- 9.3.1 Building and Construction Market Volume and Forecast to 2030 (Kilo Tons)
9.4 Mining
- 9.4.1 Overview
- 9.4.2 Mining Market Revenue and Forecast to 2030 (US$ Million)
- 9.4.1 Mining Market Volume and Forecast to 2030 (Kilo Tons)
9.5 Marine
- 9.5.1 Overview
- 9.5.2 Marine Market Revenue and Forecast to 2030 (US$ Million)
- 9.5.1 Marine Market Volume and Forecast to 2030 (Kilo Tons)
9.6 Food
- 9.6.1 Overview
- 9.6.2 Food Market Revenue and Forecast to 2030 (US$ Million)
- 9.6.1 Food Market Volume and Forecast to 2030 (Kilo Tons)
9.7 Energy and Power
- 9.7.1 Overview
- 9.7.2 Energy and Power Market Revenue and Forecast to 2030 (US$ Million)
- 9.7.1 Energy and Power Market Volume and Forecast to 2030 (Kilo Tons)
9.8 Others
- 9.8.1 Overview
- 9.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
- 9.8.1 Others Market Volume and Forecast to 2030 (Kilo Tons)

10. Middle East & Africa Lubricating Grease Market - Country Analysis

10.1 Middle East & Africa

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Expansion
12.3 New Product Development
12.4 Merger and Acquisition
12.5 Partnerships
12.6 Other Business Strategies

13. Company Profiles

13.1 Exxon Mobil Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Fuchs SE
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Petroliam Nasional Bhd
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Shell Plc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Kluber Lubrication GmbH & Co KG
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 TotalEnergies SE
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 BP Plc
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Chevron Corp
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Valvoline Inc
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners