Saudi Arabia Synthetic Lubricants Market Size & Insights
According to MarkNtel Advisors study The future of Saudi Arabia Synthetic Lubricants Market size is valued at around USD 108.34 million in 2025 and is projected to reach USD 175.21 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.34% during the forecast period, i.e., 2025-30.
What are the Key Driver in the Saudi Arabia Synthetic Lubricants Market?
Increasing Vehicle Ownership Driving Market Growth – The market growth is driven by the rising automotive sector in the country, which includes high vehicle ownership, accelerating the growth of synthetic lubricants in Saudi Arabia. For instance, as of 2024, Saudi Arabia witnessed the registration of more than 1 million vehicles, showing a 7.8% increase in the adoption from the preceding year (2023). This ultimately increases the demand for a substantial amount of engine oils and other lubricants, including synthetic lubricants. This is leading to frequent maintenance of these vehicles, including frequent oil refills for their smooth running.
Additionally, the two-wheelers require more frequent oil replacement, thus increasing the market demand. For instance, the two-wheelers require oil changes after every 1,000 to 2,000 km, which increases the engine usage and lubricant consumption. Consequently, the country has increased its production capacity for lubricant manufacturing. For instance, a prime player called Saudi Aramco Base Oil Company, with two production facilities in Yanbu and Jeddah alone, has an annual production capacity of about 1.35 million metric tons of lubricants per year, driving the market significantly.
What are the Key Segments in the Saudi Arabia Synthetic Lubricants Market?
The Saudi Arabia Synthetic Lubricants is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- By Product Type
- Engine Oils- Market Size & Forecast 2020-2030, USD Million
- Transmission & Gear Oils- Market Size & Forecast 2020-2030, USD Million
- Hydraulic Fluids- Market Size & Forecast 2020-2030, USD Million
- Metalworking Fluids- Market Size & Forecast 2020-2030, USD Million
- Greases- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- By Distribution Channel
- Petrol Pumps & Service Stations- Market Size & Forecast 2020-2030, USD Million
- Online Retail- Market Size & Forecast 2020-2030, USD Million
- Specialty Stores- Market Size & Forecast 2020-2030, USD Million
- Supermarket & Hypermarkets- Market Size & Forecast 2020-2030, USD Million
- By End User
- Automotive- Market Size & Forecast 2020-2030, USD Million
- Passenger Vehicles- Market Size & Forecast 2020-2030, USD Million
- Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
- Two-Wheelers- Market Size & Forecast 2020-2030, USD Million
- Aviation- Market Size & Forecast 2020-2030, USD Million
- Industrial- Market Size & Forecast 2020-2030, USD Million
- Construction- Market Size & Forecast 2020-2030, USD Million
- Manufacturing- Market Size & Forecast 2020-2030, USD Million
- Power Generation- Market Size & Forecast 2020-2030, USD Million
- Petrochemicals- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- Marine- Market Size & Forecast 2020-2030, USD Million
- Automotive- Market Size & Forecast 2020-2030, USD Million
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How does geographical analysis highlight in the Saudi Arabia Synthetic Lubricants market?
- By Region
- North
- South
- East
- West
Who are the Key Players in Saudi Arabia Synthetic Lubricants Market?
- Petromin Corporation
- Shell PLC (Shell Lubricating Oil Company/JOSLOC)
- ExxonMobil Corporation (Mobil)
- FUCHS Petroleum (Alhamrani-Fuchs Petroleum Saudi Arabia)
- BP PLC (Castrol/Alkhorayef)
- TotalEnergies
- Chevron Corporation
- PETRONAS Lubricants International
- United Lube Oil Company
- Arabian Plant for Lubricants and Greases (APLG)
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Saudi Arabia Synthetic Lubricants Market News
2024: Shell Lubricating Oil Company & Al Jomaih renewed its strategic partnership with Al Wefaq Transportation Solutions (Yelo), ensuring the continued supply of Shell’s premium lubricants to support Yelo’s rapidly growing fleet operations.
2025: PETRONAS Lubricants International and Abdul Latif Jameel for Oils signed a strategic distribution agreement to accelerate the availability of PETRONAS’ world-class lubricants across Saudi Arabia.
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- In-depth Market Analysis: Understand trends and dynamics shaping growth.
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- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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