Oman Lubricants Market Outlook to 2027F
By Type of automotive lubricant (Heavy duty diesel engine oil/ Motorcycle oil/ Passenger vehicle motor oil/ Grease); By Type of Industrial Lubricant (Process oil/ Hydraulic oil/ Gear oil/ Grease);By End users and Distribution Channels
January 2023
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About the Report
About the Report
Market Overview:
According to Ken Research estimates, the Oman Lubricants market is growing at a steady rate with a CAGR at ~% owing to the country’s high oil imports. Strong delivery network accompanied by authorized distributors to reach out to customers through both online and offline modes led to an increase in the overall sales of lubricants in the Oman. Up-scaling Manufacturing Industry, Escalating Construction, Automotive and Marine Industries are major growth drivers for Oman Lubricants Market
According to Ken Research estimates, the Oman Lubricant Market – which grew from approximately USD ~ Bn in 2017 to approximately USD ~ Bn in 2022 – is forecasted to grow further into USD ~ Bn opportunity by 2027F, owing to the favorable government initiatives, rising export of Oil & Gas and rising infrastructural projects.
- Market is expected to witness an increase in the consumption of lubricants due to rapid growth in industrialization and infrastructural developments, rising private and government investments; cost effective manufacturing operations.
- Upstream sector has dominated the Oman oil and gas market in recent years and is expected to continue to do so during the forecast period too
Key Trends by Market Segment:
By Type of Lubricant: The boosting sales of automobiles in the country have significantly led to the increased consumption of automotive lubricants than industrial lubricants. The increased sales were also supported by the continuous improvement in the refining process of the existing players and the upgradation of refineries by the lubricants giants operating in the country.
By Distribution Channel: Most of the lubricants consumed by the industrial sector of the Oman have been supplied by the widespread network of authorized and local distributors across various regions of the Oman. Distributors might be dealing in a particular brand or can have multiple brands of lubricants that are used for industrial purposes. Distributers are in direct contact with the company, thus creating the trust among the customers to buy genuine products from them.
Competitive Landscape
In Oman Lubricant Market there are about ~ players operating in the overall market, and top players accounted ~% share in the market in terms of revenue. The top players are Oman Oil Marketing Company and Oil industry company (OQ). While the market is moderately consolidated, new players are still entering the market and with the opportunities presented by the increasing demand and growth in economy, competition is expected to increase in the coming years.
Future Outlook
Increasing production and sales of light commercial vehicles as well as heavy duty vehicles, primarily for trade transport is expected to propel demand for automotive lubricants across Oman in the coming years.
Additionally, growth in automotive repair services market across the country coupled with rising adoption of synthetic and semi-synthetic lubricants is further anticipated to fuel growth in Oman automotive lubricants market during the forecast period.
Scope Of The Report
Scope of the Report
|
By Type of Lubricant |
Industrial Lubricant Automotive Lubricant |
|
By Grade of Lubricant |
Mineral Semi-Synthetic Synthetic |
|
By Type of Industrial Lubricant |
Hydraulic Fluid Grease Gear Oil Metalworking Fluid Others (Turbine Oil, Compressor Oil, etc.) |
|
By End Use of Industrial Lubricant |
Construction and Mining General Manufacturing Metal Production Power Generation Food Processing Others (Agriculture, Medical, etc.) |
|
By Distribution Channel |
Dealer Network Direct Sales |
|
By Type of Automotive Lubricants |
Heavy-Duty Diesel Engine Oil Passenger Vehicle Motor Oil Transmission Fluids Hydraulic Oil Greases Gear Oils |
|
By End Use of Automotive Lubricant |
Commercial Vehicles Passenger Cars Motor Cycles Marine Others (Aviation, Railways, etc.) |
|
By Distribution Channel |
Dealer Network OEM Workshops/Service stations/Local Workshops Supermarkets/ Hypermarkets Online |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Infrastructure and Real Estate Companies
- Mining Companies
- Government Entities
- Construction Companies
- Oil and Gas Companies
- Automotive lubricants manufacturers and other stakeholders
- Automotive OEMs
Time Period Captured in the Report
- Historical Year: 2017-2021
- Base Year: 2022
- Forecast Period: 2023F– 2027F
Companies
Major Players Mentioned in the Report
- Oman Oil Marketing Company
- Oil industry company ( OQ)
- Hascol Petroleum
- Oryx Lubes & Greases
- Tek Kazakhstan
- Arte Bunkeringg
- Lotus Oil Oman
- BP
- Occidental
- Shell
- Total
- Partex
Table of Contents
Table of Contents
1. Executive Summary
2. Oman Lubricants Market Overview
2.1 Taxonomy of Oman Lubricants Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for Oman Lubricants Market
2.5 Growth Drivers of Oman Lubricants Market
2.6 Issues and Challenges of Oman Lubricants Market
2.7 Impact of COVID-19 on Oman Lubricants Market
2.8 SWOT Analysis
3. Oman Lubricants Market Size, 2017 – 2022
4. Oman Lubricants Market Segmentation
4.1 By Product Type, 2017 - 2022
4.2 By Application, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Oman Oil Marketing Company
5.3.2 Oil industry company (OQ)
5.3.3 Hascol Petroleum
5.3.4 Oryx Lubes & Greases
5.3.5 Tek Kazakhstan
6. Oman Lubricants Future Market Size, 2022 – 2027
7. Oman Lubricants Future Market Segmentation
7.1 By Product Type, 2022 - 2027
7.2 By Application, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around the market to collate industry-level information.
Step 2: Market Building:
Collating statistics, average price of lubricant by grade (synthetic, semi-synthetic and mineral), sales volume, revenues, bestselling products, plants, future strategies and other value-adding information. Later, our team has adopted a bottom to top approach in order to evaluate the overall sales volume and sales volume by grade, by type of lubricant, by end user and by distribution & sales channel. Revenue was evaluated by multiplying average price of synthetic, semi-synthetic and mineral lubricants to their average prices
Step 3: Validating and Finalizing:
Building market hypotheses and conducting CATIs with industry experts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple finance-providing channels and understand the nature of product segments and sales, consumer preference, and other parameters, which will support us validate statistics derived through the bottom-to-top approach from industry lubricant providers.
Frequently Asked Questions
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The Oman Lubricants Market is covered from 2017–2027F in this report, including a forecast for 2022-2027F.
02 What is the Future Growth Rate of the Oman Lubricants Market?
The Oman Lubricants Market is expected to witness a CAGR of ~% over the next five years.
03 What are the Key Factors Driving the Oman Lubricants Market?
Up-scaling Manufacturing Industry, Escalating Construction, Automotive and Marine Industries are major growth drivers
04 Which is the Major Lubricant Type Segment within the Oman Plastic Pipes Market?
The Automobile type segment holds the largest share of the Oman Plastic Pipes Market in 2022.
05 Who are the Key Players in the Oman Lubricants Market?
Oman Oil Marketing Company, Oil industry company (OQ), Hascol Petroleum, Oryx Lubes & Greases, Tek Kazakhstan, Arte Bunkering, Lotus Oil Oman, BP, Shell and Total.
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