Middle East & Africa Automotive Lubricants Market Outlook

the middle east and africa automotive lubricants market is estimated to witness a cagr of 6.29% during the forecast period (2018-2032). the growth can be attributed to the increasing petroleum exports backed by various investment initiatives from the developing countries and the massive growth in the automotive sector. in addition, the initiatives undertaken by various governments in the middle east and africa for promoting green fuel usage in automobiles is one of the major drivers of this market. besides the growth opportunities, the region also faces certain obstacles typically related to regulations and environmental issues. the fluctuating crude oil prices, forced oems to shift focus towards developing economical and better performing lubricants which in turn further accounted for an increase in the demand of automotive lubricants in the region. the middle east and africa automotive lubricants market is segmented on the basis of vehicle type, lubricants type, and geography. based on vehicle type, passenger cars (pc) accounted for the largest market share in the region, owing to the rapid growth of the used car market in the region. on the other basis of lubricants type, engine oil accounted for the largest market share, owing to the increasing maintenance and repair costs. in terms of market revenue, saudi arabia and south africa held the major chunk of the middle east and africa automotive lubricants market share in 2017. these countries are expected to remain dominant during the forecast period due to the rising demand for passenger as well as commercial vehicles coupled with the rapid industrialization in the region. moreover, the implementation of stringent environmental regulations and policies, especially in the manufacturing sector, is expected to drive the market during the forecast period. this would further lead to the development of eco-friendly automotive lubricants that are in compliance with government guidelines in order to gain competitive advantage. furthermore, the introduction of new regulations by governments such as gasoline engine emissions control technologies as well as the improvement of production facilities and quality control measures are expected to have a positive impact on the growth of the market during the forecast period.