Forging Lubricant Industry Analysis in Middle East & Africa

Forging Lubricant Sales Outlook for Middle East & Africa (2024 to 2034)

A recently published industry analysis by Fact.MR reveals that sales of forging lubricants in the Middle East & Africa are set to reach US$ 355.4 million in 2024. The MEA market is projected to increase at a CAGR of 3.8% and end up at a market valuation of US$ 518.9 million by 2034.

The Middle East & Africa have been experiencing noteworthy industrial growth, especially in sectors, including aerospace, oil & gas, construction, and automotive. With a noteworthy increase in manufacturing activities, a subsequent rise in forging lubricant demand is expected to facilitate effective metal-forming processes.

Several countries in the Middle East & Africa are investing in infrastructure projects, such as the construction of roads, buildings, bridges, and other infrastructure facilities. Forging lubricants contribute significantly to the production of numerous components utilized in various projects, including plates, rods, and beams. In addition, the flourishing automotive industry in MEA is estimated to play a vital role in the manufacturing of automotive components, such as gears, chassis components, shafts, and engine parts.

Heavy machinery and equipment are required in the Middle East & Africa owing to the availability of oil & gas reserves. Forging lubricants are utilized in the production of components used for pipelines, drilling rigs, valves, and similar equipment adopted in the oil & gas industry.

Report Attributes	Details
Forging Lubricant Sales in Middle East & Africa (2024E)	US$ 355.4 Million
Projected Sales (2034F)	US$ 518.9 Million
Demand Growth (2024 to 2034)	3.8% CAGR
Sales in South Africa (2024E)	US$ 68.2 Million
Sales in Northern Africa (2034F)	US$ 74.6 Million
Demand Growth for Super Alloy-based Forging Lubricants (2024 to 2034)	4.1% CAGR
Market Share of Water-based Forging Lubricants (2034F)	>48%
Key Companies Profiled	Petromin Corporation Saudi Aramco TotalEnergies Gulf Oil Middle East Ltd. ENOC

What’s Creating Opportunities for Suppliers of Forging Lubricants in MEA?

“Noteworthy Industrial Growth Increasing Demand for Forging Lubricants”

Rapid growth in the industrial sector in MEA has been attributed to the expansion of numerous sectors, such as aerospace, oil & gas, construction, and automotive. This growth is attributed to numerous factors, including urbanization, economic diversification efforts, government investments, and population growth. Growth in the automotive industry is attributed to improving infrastructure and increasing disposable income, which leads to rising sales of vehicles. Forging lubricants are pivotal for forming and shaping metal components utilized in vehicle transmissions, engines, chassis, and other important parts.

Government investments, rising air travel demand, and the emergence of regional aircraft manufacturers are contributing to the expansion of the aerospace industry. Forging lubricants are estimated to play an indispensable role in the aerospace manufacturing procedure, thus aiding in the fabrication of some critical components, including engine parts, structural elements, landing gear, and turbine blades. Infrastructure development projects and rapid urbanization are increasing the demand for forged metal components utilized in bridges, roads, buildings, and other infrastructure facilities.

Country-wise Insights

Why are Sales of Forging Lubricants Rising Steadily in Iran?

“Modernization of Industrial Processes Widening Application Scope of Forging Lubricants”

Attribute	Iran
Market Value (2024E)	US$ 77.3 Million
Growth Rate (2024 to 2034)	4.4% CAGR
Projected Value (2034F)	US$ 118.6 Million

Several industries in Iran are making efforts to modernize their processes and equipment. They may need certain specialized lubricants to ensure high-quality and efficient forging operations. New machinery generally requires specific lubricants for longevity and optimal performance. In addition, the growing emphasis on product quality to match set standards is projected to lead to growing investments in more advanced forging lubricants to achieve dimensional accuracy in forging operations.

Why Should Forging Lubricant Suppliers Invest in Türkiye?

“Technological Advancements and Sustainability Goals Increasing Adoption of Eco-friendly Lubricants”

Attribute	Türkiye
Market Value (2024E)	US$ 97.1 Million
Growth Rate (2024 to 2034)	4% CAGR
Projected Value (2034F)	US$ 144.3 Million

Advancements in forging lubricant technology in Türkiye, including the development of high-performance or environment-friendly lubricants, are projected to positively influence market trends. In addition, a trend toward sustainable manufacturing practices in the country is anticipated to lead to the adoption of new lubricants, which are eco-friendly.

Category-wise Insights

Which Type of Forging Lubricant is Exhibiting Increased Demand in MEA?

“Health and Safety Benefits of Water-based Forging Lubricants”

Attribute	Water-based Forging Lubricants
Segment Value (2024E)	US$ 163.1 Million
Growth Rate (2024 to 2034)	4.4% CAGR
Projected Value (2034F)	US$ 251 Million

Water-based forging lubricants have a lower level of VOCs (volatile organic compounds) in comparison to oil-based counterparts. They are estimated to contribute to a safer and healthier working environment for employees. This aspect is projected to become more important in the Middle East & Africa, where occupational safety and health regulations are becoming more stringent. In addition, there are some industries, which prefer water-based lubricants for certain specific applications owing to their easier cleanup, reduced risks of contamination in end product, and cleaner operation.

Why is the Hot Forging Process Becoming So Popular in MEA?

“Comparatively Easy Access to Resources Well-suited for Hot Forging Process”

Attribute	Hot Forging
Segment Value (2024E)	US$ 209.1 Million
Growth Rate (2024 to 2034)	3.9% CAGR
Projected Value (2034F)	US$ 306.2 Million

The Middle East & Africa has plenty of natural resources, especially metals such as aluminum, steel, etc. Hot forging processes suit well for shaping these metals into numerous components utilized in industries, including construction, oil & gas, aerospace, and automotive. Thus, an increased inclination to the hot forging process is encountered in MEA to leverage the ample availability of these resources.

Competition Landscape

Fact.MR, a market research and competitive intelligence provider, in its newly published research analysis, asserts that suppliers of forging lubricants in the Middle East & Africa are adopting multiple strategies to increase their profit share and enrich their product portfolio. They are also actively putting efforts into new developments, management of supply chain systems, and offering quality products. Petromin Corporation, Saudi Aramco, TotalEnergies, Gulf Oil Middle East Ltd., and ENOC are some of the prominent manufacturers of forging lubricants in the Middle East & Africa.

Segmentation of Forging Lubricant Study in Middle East & Africa

• By Product Type :

  • Water-Based
    • With Graphite
    • Without Graphite
  • Oil-Based
    • Graphite Oil
    • Others
  • Coating-Based
    • Glass Powder
    • Frit
    • Enamel
    • Dry Molybdenum
    • Phosphates

• By Forging Material :

  • Aluminum
  • Steel
  • Bronze
  • Brass
  • Titanium Alloys
  • Nickel
  • Super Alloys
  • Others

• By Process Type :

  • Hot Forging
  • Cold Forging

• By Forging Operation :

  • Mechanical Press
  • Hydraulic Press
  • Hammers
  • Circular & Radial Rolling Mills
  • Horizontal Press
  • Others

• By Country :

  • GCC Countries
  • Northern Africa
  • South Africa
  • Iran
  • Türkiye
  • Rest of MEA