Biggest Exporter motor lubricant oil manufacturer in UAE demand within the Gulf Cooperation Council is expected to grow at a moderate pace in the coming years, as member countries diversify their economic bases to lessen dependence on the oil and gas industry, an analysis of the region’s Motor Lubricants Oil Manufacturer in UAE market found.
The Middle East region was home to some of the fastest-growing economies in the world and is continuing to develop swiftly; however, its growth is heavily dependent on the petroleum sector. Project’s energy practice, during a webinar on Oct. 14 about its study, “Opportunities in Motor Lubricants Oil Manufacturer in UAE s: Middle East Market Analysis.”
While most commercial oils are tied to the marine segment, the drive to establish and expand manufacturing, trading, production and mining will encourage use of higher-performance industrial lubricant oil manufacturer’s as new equipment is installed. Original lubricant manufacturers in the industrial segment will continue to drive performance specifications through Motor Lubricants Oil Manufacturer in UAE recommendations. Motor Lubricants Oil Manufacturer in UAE use is likely to grow with the import of high-performance equipment, helping propel commercial Motor Lubricants Oil Manufacturer in UAE consumption growth between 2019 and 2024.
Automotive Lubricant Oils Manufacturers demand totaled between 300,000 and 400,000 tons last year, while industrial Motor Lubricants Oil Manufacturer in UAE demand reached about 200,000-300,000 tons and consumer automotive consumption about 100,000-200,000 tons, according to technolubeuae assessments. Automotive diesel engine oils account for about 60% of the region’s lube demand, with heavy-duty motor oil the dominant type as it represents 42% and passenger car motor oil only about 20%.
Demand for monograde is quite high, but that’s going away quickly because of the Gulf Standardization Organization’s GSO 1785/2013 standard, which requires CH-4 as the minimum service category to be used in Gulf Cooperation Council nations. “This essentially prohibits the sale of older service categories, and monograde Motor Lubricants Oil Manufacturer in UAE s are not typically offered in these service categories. Most of the leading manufacturers have basically dropped monograde from their product portfolios.” With the GSO eliminating obsolete engine oil categories, use of monograde engine oils declined from 45% to just over 2% of heavy-duty motor oil demand. Contact technolube today.
