From automotive engines to boat motors, airplane engines to generators, lubricant oil are in use all around us, all the time. Taking a look at the global demand for lubricants, the various types in use, and the forecast for the future can be illuminating.
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Middle East lubricants market is relatively young in comparison with other global industry markets, it is experiencing significant, ongoing growth. In fact, this market alone is expected to grow by 2% between 2019 and 2024, and by 6.5% between 2019 and 2026, with a projected value of USD 2.14 billion. What does this mean for the industry and for businesses within the Middle East?
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Marine lubricants have very important properties that make them ideally suited for use in boat motors, aboard ship, and in other marine-related areas.
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