Middle-East Lubricants Market Size & Share Analysis - Industry Research Report - Growth Trends

 Middle-East Lubricants Market Analysis The Middle East Lubricants Market stood at 2.37 billion liters in 2021 and is projected to register a CAGR of 3.19% to reach 2.77 billion liters in 2026. 

Largest Segment by End-user Industry - Automotive : Among all end-user segments, automotive is the largest end user due to the high proportion of engine and gear oil usage in motor vehicles than other industrial applications.

 Fastest Segment by End-user Industry - Power Generation : Due to rising demand for low-cost energy from natural-gas-fueled power plants, power generation is likely to be the fastest-growing lubricant end user in the Middle East.

Largest Country Market - Iran : Iran is the largest lubricant market in the Middle East, as the country possesses a higher number of motor vehicles and active industrial machinery than any other country.

 Fastest Growing Country Market - Turkey : Turkey is expected to be the fastest-growing lubricant-consuming country in the Middle East due to increased ownership of used vehicles and a growing heavy-equipment sector.

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