Middle East & Africa Grease Additives Market Forecast to 2028
Middle East & Africa Grease Additives Market Forecast to 2028– COVID-19 Impact and Regional Analysis– Type (Oxidation Inhibitors, Corrosion Inhibitors, Anti-wear Agents, Pressure Additives, Metal Deactivators and Others), Application (Automotive, Aerospace, Marine, Mining, Steel Mill, Construction Machinery and Others)
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Description
Proliferation of Automotive Industry Fuel Middle East & Africa Grease Additives Market
The renewable energy industry, a subsegment of the power sector, is emerging as a prominent consumer of industrial greases. Grease is primarily used in turbines and transformers in this industry. In recent years, the increasing demand for renewable energy has led to an upsurge in wind turbine installations worldwide. The IEA states that 830 GW of wind capacity was installed globally as of 2021, of which 93% were onshore systems while 7% were offshore wind farms. Countries across the world are taking initiatives to increase their renewable energy capacities through wind turbine installations.
With several new wind installations, the demand for lubricants such as greases has increased worldwide. Wind turbine lubricants contribute to the reliability of wind farms by ensuring streamlined operations and maintenance. Lubrication is essential at various points in a wind turbine; these include the gearbox, open gear, pitch gear, and pitch bearing. Wind power industry use grease additives such as pressure additives, corrosion inhibitors, and oxidation inhibitors to ensure the enhanced performance. Thus, the rising demand for greases in the wind power industry is likely to favor the growth of the Middle East & Africa grease additives market in the coming years.
Middle East & Africa Grease Additives Market Overview
Governments of various countries in the Middle East & Africa are focused on developing aviation infrastructure. They are planning to create new routes for new airspace entrants, including unmanned vehicles such as drones and other electric aircraft. On August 14, 2022, the government of Saudi Arabia invested US$ 100 billion in the aviation sector to be able to host at least 300 million passengers and 5 million tons of freight by 2030. Rapid industrialization and growth in disposable income, resulting in an upsurge in the number of passengers opting for air travel, further support the progress of the aviation industry in the Middle East & Africa. According to a report by the International Trade Administration, the UAE government has been investing in various initiatives to support the aerospace industry, thus encouraging partnerships among significant market players and original equipment manufacturers (OEMs). Aviation greases containing additives lubricate critical components and protect them from extreme conditions.
Middle East & Africa grease additives market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa grease additives market Segmentation
The Middle East & Africa grease additives market is segmented into type, application, and country.
Based on type, the Middle East & Africa grease additives market is segmented into oxidation inhibitors, corrosion inhibitors, anti-wear agents, pressure additives, metal deactivators, and others. The oxidation inhibitors segment held a larger share of the Middle East & Africa grease additives market in 2022.
Based on application, the Middle East & Africa grease additives market is segmented into automotive, aerospace, marine, mining, steel mill, construction machinery, and others. The automotive segment held the larger share of the Middle East & Africa grease additives market in 2022.
Based on country, the Middle East & Africa grease additives market is segmented into the Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The Saudi Arabia dominated the share of the Middle East & Africa grease additives market in 2022.
Key players dominating the Middle East & Africa grease additives market are Afton Chemical Corp; BASF SE; Clariant AG; Croda International plc; Evonik Industries AG; Shamrock Technologies Inc; The Lubrizol Corp; RT Vanderbilt Holding Co Inc; and Lanxess AG; and IPAC In are the leading companies operating in the Middle East & Africa Grease Additives Market.
Summary Info
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According to the research team’ research, the Middle East & Africa Grease Additives Market was valued at US$ 17.34 million in 2022 and is expected to reach US$ 21.91 million by 2028, registering a CAGR of 4.0% from 2022 to 2028. Proliferation of automotive industry strategic initiatives by key market players are the critical factors attributed to the Middle East & Africa Grease Additives Market expansion.
Growth in the automotive industry, the demand for lubricating products is also increasing notably, as these substances contribute to enhanced engine performance and the extended lifespan of components of automotive parts. Grease is also used to protect the engine and automotive parts from external contamination. Corrosion inhibitors, oxidation inhibitors, and pressure additives are a few of the grease additives used to secure the engine and vehicle parts from damage. Thus, an upsurge in automobile manufacturing and the growing adoption of electric vehicles boosts the demand for grease, thereby bolstering the Middle East & Africa Grease Additives Market growth.
On the contrary, stringent government policies hampers the Middle East & Africa Grease Additives Market.
Based on type, the Middle East & Africa Grease Additives Market is segmented into oxidation inhibitors, corrosion inhibitors, anti-wear agents, pressure additives, metal deactivators, and others. The oxidation inhibitors segment held 33.9% share of Middle East & Africa Grease Additives Market in 2022, amassing US$ 5.88 million. It is projected to garner US$ 7.36 million by 2028 to expand at 3.8% CAGR during 2022–2028.
Based on application, the Middle East & Africa Grease Additives Market is segmented into automotive, aerospace, marine, mining, steel mill, construction machinery, and others. The automotive segment held 50.6% share of Middle East & Africa Grease Additives Market in 2022, amassing US$ 8.78 million. It is projected to garner US$ 11.01 million by 2028 to expand at 3.8% CAGR during 2022–2028.
Based on country, the Middle East & Africa Grease Additives Market has been categorized into the Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the Saudi Arabia captured 36.5% share of Middle East & Africa Grease Additives Market in 2022. It was assessed at US$ 6.34 million in 2022 and is likely to hit US$ 8.19 million by 2028, exhibiting a CAGR of 4.4% during the forecast period.
Key players dominating the Middle East & Africa Grease Additives Market are Afton Chemical Corp; BASF SE; Clariant AG; Croda International plc; Evonik Industries AG; Shamrock Technologies Inc; The Lubrizol Corp; RT Vanderbilt Holding Co Inc; Lanxess AG; and IPAC Inc.
Clariant AG launched additives to develop high-lubricity, fully synthetic metalworking fluids. It includes a complete set of lubricity improvers, extreme pressure/antiwear additives, corrosion inhibitors, neutralizing agents & guide formulations for fully synthetic metalworking fluids that increase efficiency at the machine.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa grease additives market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa grease additives market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Grease Additives Market, by Type
1.3.2 Middle East & Africa Grease Additives Market, by Application
1.3.3 Middle East & Africa Grease Additives Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Middle East & Africa Grease Additives Market Landscape
4.1 Market Overview
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.2 Ecosystem Analysis
4.2.1 Raw Materials
4.2.2 Manufacturing
4.2.3 Distributors/Suppliers
4.2.4 End-User Industries
4.3 List of Vendors
4.4 List of Grease Manufacturers and Suppliers
4.5 Calcium Sulphonate Grease Technology
4.6 Expert Opinions
5. Middle East & Africa Grease Additives Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Proliferation of Automotive Industry
5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraint
5.2.1 Stringent Government Policies
5.3 Market Opportunity
5.3.1 Increase in Wind Turbine Installations
5.4 Future Trend
5.4.1 Burgeoning Demand for Synthetic Grease
5.5 Impact Analysis
6. Grease Additives – Middle East & Africa Market Analysis
6.1 Middle East & Africa Grease Additives Market Overview
6.2 Middle East & Africa Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Middle East & Africa Grease Additives Market –Volume and Forecast to 2028 (Tons)
7. Middle East & Africa Grease Additives Market Analysis – By Type
7.1 Overview
7.2 Middle East & Africa Grease Additives Market, By Type (2021 and 2028)
7.3 Oxidation Inhibitors
7.3.1 Overview
7.3.2 Oxidation Inhibitors: Middle East & Africa Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.3.3 Oxidation Inhibitors: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Corrosion Inhibitors
7.4.1 Overview
7.4.2 Corrosion Inhibitors: Middle East & Africa Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.4.3 Corrosion Inhibitors: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Antiwear Agents
7.5.1 Overview
7.5.2 Antiwear Agents: Middle East & Africa Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.5.3 Antiwear Agents: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Pressure Additives
7.6.1 Overview
7.6.2 Pressure Additives: Middle East & Africa Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.6.3 Pressure Additives: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Metal Deactivators
7.7.1 Overview
7.7.2 Metal Deactivators: Middle East & Africa Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.7.3 Metal Deactivators: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Middle East & Africa Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.8.3 Others: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Grease Additives Market Analysis – By Application
8.1 Overview
8.2 Middle East & Africa Grease Additives Market, By Application (2021 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Aerospace
8.4.1 Overview
8.4.2 Aerospace: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Marine
8.5.1 Overview
8.5.2 Marine: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Mining
8.6.1 Overview
8.6.2 Mining: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Steel Mill
8.7.1 Overview
8.7.2 Steel Mill: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Construction Machinery
8.8.1 Overview
8.8.2 Construction Machinery: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Grease Additives Market –Country Analysis
9.1 Overview
9.1.1 Middle East & Africa Grease Additives Market, by Key Country
9.1.1.1 South Africa: Middle East & Africa Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Middle East & Africa Grease Additives Market, by Type
9.1.1.1.2 South Africa: Middle East & Africa Grease Additives Market, by Type
9.1.1.1.3 South Africa: Middle East & Africa Grease Additives Market, by Application
9.1.1.2 Saudi Arabia: Middle East & Africa Grease Additives Market –Volume and Forecast to 2028 (Tons)
9.1.1.3 Saudi Arabia: Middle East & Africa Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Saudi Arabia: Middle East & Africa Grease Additives Market, by Type
9.1.1.3.2 Saudi Arabia: Middle East & Africa Grease Additives Market, by Type
9.1.1.3.3 Saudi Arabia: Middle East & Africa Grease Additives Market, by Application
9.1.1.4 UAE: Middle East & Africa Grease Additives Market –Volume and Forecast to 2028 (Tons)
9.1.1.5 UAE: Middle East & Africa Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 UAE: Middle East & Africa Grease Additives Market, by Type
9.1.1.5.2 UAE: Middle East & Africa Grease Additives Market, by Type
9.1.1.5.3 UAE: Middle East & Africa Grease Additives Market, by Application
9.1.1.6 Rest of MEA: Middle East & Africa Grease Additives Market –Volume and Forecast to 2028 (Tons)
9.1.1.7 Rest of MEA: Middle East & Africa Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.7.1 Rest of MEA: Middle East & Africa Grease Additives Market, by Type
9.1.1.7.2 Rest of MEA: Middle East & Africa Grease Additives Market, by Type
9.1.1.7.3 Rest of MEA: Middle East & Africa Grease Additives Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Expansion
10.3 New Product Development
10.4 Partnerships
11. Company Profiles
11.1 Afton Chemical Corp
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 BASF SE
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Clariant AG
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Croda International plc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Evonik Industries AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 The Lubrizol Corp
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Lanxess AG
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About Research Team
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Middle East & Africa Grease Additives Market –Volume and Forecast to 2028 (Tons)
Table 3. South Africa Middle East & Africa Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa Middle East & Africa Grease Additives Market, by Type– Volume and Forecast to 2028 (Tons)
Table 5. South Africa Middle East & Africa Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia Middle East & Africa Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia Middle East & Africa Grease Additives Market, by Type – Volume and Forecast to 2028 (Tons)
Table 8. Saudi Arabia Middle East & Africa Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE Middle East & Africa Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE Middle East & Africa Grease Additives Market, by Type – Volume and Forecast to 2028 (Tons)
Table 11. UAE Middle East & Africa Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA Middle East & Africa Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA Middle East & Africa Grease Additives Market, by Type– Volume and Forecast to 2028 (Tons)
Table 14. Rest of MEA Middle East & Africa Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, Middle East & Africa Grease Additives Market
LIST OF FIGURES
Figure 1. Middle East & Africa Grease Additives Market Segmentation
Figure 2. Middle East & Africa Grease Additives Market Segmentation – By Country
Figure 3. Middle East & Africa Grease Additives Market Overview
Figure 4. Middle East & Africa Grease Additives Market, By Type
Figure 5. Middle East & Africa Grease Additives Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem Analysis: Middle East & Africa Grease Additives Market
Figure 8. Expert Opinions
Figure 9. Middle East & Africa Grease Additives Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Middle East & Africa Grease Additives Market – Volume and Forecast to 2028 (Tons)
Figure 12. Middle East & Africa Grease Additives Market Revenue Share, By Type (2021 and 2028)
Figure 13. Oxidation Inhibitors: Middle East & Africa Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 14. Oxidation Inhibitors: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Corrosion Inhibitors: Middle East & Africa Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 16. Corrosion Inhibitors: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Antiwear Agents: Middle East & Africa Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 18. Antiwear Agents: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Pressure Additives: Middle East & Africa Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 20. Pressure Additives: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Metal Deactivators: Middle East & Africa Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 22. Metal Deactivators: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Others: Middle East & Africa Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 24. Others: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Middle East & Africa Grease Additives Market Revenue Share, By Application (2021 and 2028)
Figure 26. Automotive: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Aerospace: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Marine: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Mining: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 30. Steel Mill: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. Construction Machinery: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 32. Others: Middle East & Africa Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 33. Middle East & Africa Grease Additives Market, By Key Country – Revenue (2022) (US$ Million)
Figure 34. Middle East & Africa Grease Additives Market Revenue Share, by Key Country (2021 and 2028)
Figure 35. South Africa: Middle East & Africa Grease Additives Market –Volume and Forecast to 2028 (Tons)
Figure 36. South Africa: Middle East & Africa Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Saudi Arabia: Middle East & Africa Grease Additives Market –Volume and Forecast to 2028 (Tons)
Figure 38. Saudi Arabia: Middle East & Africa Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. UAE: Middle East & Africa Grease Additives Market –Volume and Forecast to 2028 (Tons)
Figure 40. UAE: Middle East & Africa Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Rest of MEA: Middle East & Africa Grease Additives Market –Volume and Forecast to 2028 (Tons)
Figure 42. Rest of MEA: Middle East & Africa Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Middle East & Africa Grease Additives Market
o Afton Chemical Corp
o BASF SE
o Clariant AG
o Croda International plc
o Evonik Industries AG
o Shamrock Technologies Inc
o The Lubrizol Corp
o RT Vanderbilt Holding Co Inc
o Lanxess AG
o IPAC Inc
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