QATAR PASSENGER VEHICLES LUBRICANTS MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

 The market for lubricants for passenger vehicles in Qatar was 12.34 million litres in 2021, and it is anticipated that it will grow at a CAGR of 4.14% to 15.11 million litres by 2026. In terms of automotive lubricant consumption, passenger vehicles (PVs) are the second-largest vehicle category in Qatar. Because of the nation's rising car population, the PV lubricant consumption increased with a CAGR of 4.18% from 2015 to 2019.

About 39.62% of the nation's total automotive lubricant usage in 2020 came from PVs. With a share of roughly 76% over the course of the year, engine oil made up the greatest portion of the PV lubricant usage. In 2020, PV lubricants consumption decreased by 8.33% as a result of the fleet's decreased use following the COVID-19 outbreak.

Grease is anticipated to increase at the quickest rate of all lubricant types between 2021 and 2026, with a CAGR of 5.49%. Increased sales of passenger automobiles and a recovery in the nation's average travel distance are projected to be the main drivers of this expansion.

Major Players:  ExxonMobil Corporation, Qatar Lubricants Company (QALCO), Royal Dutch Shell PLC, TotalEnergies and Valvoline Inc.


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