Qatar Commercial Vehicles Lubricants Market Analysis
The Qatar Commercial Vehicles Lubricants Market size is estimated at 19.14 million liters in 2025, and is expected to reach 21.16 million liters by 2030, at a CAGR of 2.03% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Greases : In Qatar, the predicted rebound in commercial vehicle imports and sales beginning in 2021 is expected to increase the consumption of greases during the next few years.
Qatar Commercial Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In Qatar, commercial vehicles (CVs) forms the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption in the CV sector has been fluctuating. This can be attributed to the growing vehicle fleet along with expanding service intervals for engine oils and transmission oils.
- The commercial vehicle lubricant consumption declined by almost 8.3% as COVID-19 affected the freight transportation in 2020. The engine oil segment accounted for around 78% share in CV lubricant consumption in 2020. A major decline of 9.5% was observed in the consumption of greases in CV segment during the year.
- The grease segment is likely to be the fastest-growing segment with a CAGR of 5.19% during 2021-2026. The recovery in production and sales of commercial vehicles is likely to drive the consumption of greases in the short term.
Qatar Commercial Vehicles Lubricants Industry Overview
The Qatar Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 47.14%. The major players in this market are ExxonMobil Corporation, Qatar Lubricants Company (QALCO), Royal Dutch Shell PLC, TotalEnergies and Valvoline Inc. (sorted alphabetically).
Qatar Commercial Vehicles Lubricants Market Leaders
ExxonMobil Corporation
Qatar Lubricants Company (QALCO)
Royal Dutch Shell PLC
TotalEnergies
Valvoline Inc.
- *Disclaimer: Major Players sorted in no particular order
Qatar Commercial Vehicles Lubricants Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
