The market for biomedical textile is expected to grow at a CAGR of about 1% during the forecast period.

  • The major factor driving the growth of the market studied is the increasing demand from the construction sector.
  • Additionally, the production of bio lubricants from renewable feedstocks is expected to provide a major growth opportunity for the market studied.



Key Market Trends

Growing Demand from Light Commercial Vehicle Segment

  • The primary factor driving the growth of the LCV lubricants in the country is the increased preference for pickup trucks and small vans over heavy-duty trucks and railways for logistics.
  • Toyota is the prominent commercial vehicle vendor in the country with most of its sales consisting of LCVs. Other prominent commercial vehicle manufacturers include Nissan, Mitsubishi Fuso Truck & Bus Corporation, Mercedes Benz, MAN, and Hyundai.
  • Online retail sales and ecommerce have been rising due to increased penetration of internet connectivity and smartphones. This is expected to result in increased purchase of LCVs for facilitating the timely delivery of items to buyers. The Qatari ecommerce market is estimated to be valued at USD 2.2 billion in 2019.
  • As the ecommerce industry continues to grow across Qatar, the demand for an advanced distribution and transportation network is increasing. As the market continues to expand, the demand for pick-up vans, small trucks, and other LCVs is also likely to increase, which is expected to increase the consumption of the lubricants during the forecast period.



Increasing Demand for Engine Oil

  • Engine oils are widely used to lubricate internal combustion engines and are generally composed of 75-90% base oils and 10-25% additives.
  • They are typically used for applications, such as wear reduction, corrosion protection, and smooth operation of engine internals. They function by creating a thin film between the moving parts for enhancing the transfer of heat and reducing tension during the contact of parts.
  • High-mileage engine oils are in demand lately, owing to the properties that help in the prevention of oil leaks and reduction of oil consumption.
  • The light motor vehicle segment recorded the highest consumption rate of engine oils among all the segments. Owing to the technological improvements and government-mandated requirements for fuel economy, the automakers have been manufacturing lighter vehicles with tighter tolerances (which make the vehicles more durable).
  • The average age of vehicles in Qatar and Middle East has been increasing at a constant rate over the years. This factor provides an opportunity, in terms of the refill market. The increasing average age of passenger cars and growing urban population in the developing countries are the factors expected to drive the market for engine oils.



Competitive Landscape

The Qatar automotive lubricants market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Royal Dutch Shell, Total, ExxonMobil, Qatar Lubricants Company (QALCO), Dana Lubricants Factory LLC, and Gulf Continental Oil among others.

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