Middle East & Africa Mineral Oil Market to 2032
Overview
The Middle East & Africa Mineral Oil Market is expected to reach a 412.77 USD Million by 2032 and is projected to grow at a CAGR of 5.87% from 2025 to 2032.
Revenue, 2024 (USD Million)
294.52
Forecast, 2032 (USD Million)
412.77
CAGR, 2024 - 2032
5.87%
Report Coverage
Middle East & Africa
Middle East & Africa Mineral Oil Market 2018-2032 USD Million
Middle East & Africa Mineral Oil Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 294.52 USD Million
- Projected Market Size (2032): 412.77 USD Million
- CAGR (2025-2032): 5.87%
Key Findings of Middle East & Africa Mineral Oil Market
- The Middle East & Africa Mineral Oil Market was valued at 294.52 USD Million in 2024.
- The Middle East & Africa Mineral Oil Market is likely to grow at a CAGR of 5.87% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Food Industry in Application Segment accounted for the largest share of the market with a revenue of 294.52 USD Million
- The fastest growing segment Lubricants in Application Segment grew Fastest with a CAGR of 6.79% during the forecast period from 2024 to 2032.
Middle East & Africa Mineral Oil Market Scope
Middle East & Africa Mineral Oil Market Segmentation & Scope
Application
- Coatings/Inks
- Adhesives
- Others
- Textile
- Packaging
- Polymers
- Agriculture
- Tires/Rubbers
- Electrical and Industrial
- Cosmetics & Personal Care
- Lubricants
- Food Industry
- Pharmaceuticals
Grade
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Industrial Grade
Class
- Naphthenic Oil1
- Aromatic Oil1
- Paraffinic Oil1
Middle East & Africa Mineral Oil Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 294.52 USD Million |
| Market Value in 2032 | 412.77 USD Million |
| CAGR (2025-2032) | 5.87% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Grade,Class |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 294.52 USD Million in 2024
- Key Country: Saudi Arabia, leading in terms of revenue with value of 97.57 USD Million in 2024.
Segments and Scope
-
Middle East & Africa Mineral Oil Market to 2032, By Application
- Food Industry is the largest segment in Middle East & Africa Mineral Oil Market to 2032 with a revenue of 294.52 USD Million in the year 2024.
- Lubricants is the Fastest growing segment in Middle East & Africa Mineral Oil Market to 2032 with a Growth rate of 5.87 % in forecast period 2025-2032.
-
Middle East & Africa Mineral Oil Market to 2032, By Grade
- Industrial Grade is the largest segment in Middle East & Africa Mineral Oil Market to 2032 with a revenue of 165.47 USD Million in the year 2024.
- Industrial Grade is the Fastest growing segment in Middle East & Africa Mineral Oil Market to 2032 with a Growth rate of 6.17 % in forecast period 2025-2032.
-
Middle East & Africa Mineral Oil Market to 2032, By Class
- Paraffinic Oil1 is the largest segment in Middle East & Africa Mineral Oil Market to 2032 with a revenue of 204.12 USD Million in the year 2024.
- Paraffinic Oil1 is the Fastest growing segment in Middle East & Africa Mineral Oil Market to 2032 with a Growth rate of 6.00 % in forecast period 2025-2032.
Middle East & Africa Mineral Oil Market Company Share Analysis
Middle East & Africa Mineral Oil Market Geographical Sales Distribution, 2018-2032 USD Million
Middle East & Africa Mineral Oil Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Mineral Oil Market is segmented based on Segmentation Application,Grade,Class.
Middle East & Africa Mineral Oil Market was valued at USD 294.52(Revenue in USD Million) in 2021.
Middle East & Africa Mineral Oil Market is projected to grow at a CAGR of 5.87% during the forecast period of 2024 to 2032.
The Food Industry segment is expected to dominate the Middle East & Africa Mineral Oil Market, holding a largest market share of 294.52 USD Million in 2024
Middle East & Africa Mineral Oil Market Scope
Middle East & Africa Mineral Oil Market Segmentation & Scope
Application
- Coatings/Inks
- Adhesives
- Others
- Textile
- Packaging
- Polymers
- Agriculture
- Tires/Rubbers
- Electrical and Industrial
- Cosmetics & Personal Care
- Lubricants
- Food Industry
- Pharmaceuticals
Grade
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Industrial Grade
Class
- Naphthenic Oil1
- Aromatic Oil1
- Paraffinic Oil1
Frequently Asked Questions
The Middle East & Africa Mineral Oil Market is segmented based on Segmentation Application,Grade,Class.
Middle East & Africa Mineral Oil Market was valued at USD 294.52(Revenue in USD Million) in 2021.
Middle East & Africa Mineral Oil Market is projected to grow at a CAGR of 5.87% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Mineral Oil Market for final year is USD 412.77 (USD Million).
Middle East & Africa Mineral Oil Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Mineral Oil Market is segmented based on Segmentation Application,Grade,Class.
Middle East & Africa Mineral Oil Market was valued at USD 294.52(Revenue in USD Million) in 2021.
Middle East & Africa Mineral Oil Market is projected to grow at a CAGR of 5.87% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Mineral Oil Market for final year is USD 412.77 (USD Million).
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