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PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1430977

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PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1430977

Africa Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2021 - 2026)

PAGES: 80 Pages
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The Africa Lubricants Market size is estimated at 2.65 Billion Liters in 2024, and is expected to reach 2.84 Billion Liters by 2026, growing at a CAGR of 3.52% during the forecast period (2024-2026).

Africa Lubricants - Market

Key Highlights

  • Largest Segment by End-user Industry - Automotive : Automotive was the largest end-use segment throughout Africa due to the higher amount of engine oils and gear oils used in vehicles compared to industrial applications.
  • Fastest Segment by End-user Industry - Power Generation : Due to the growing regional demand for low-cost energy from natural gas-fueled power plants, power generation is the fastest-growing end-user of lubricants in Africa.
  • Largest Country Market - Egypt : Egypt is the largest lubricant market in Africa, as the country possesses a higher number of older motor vehicles (commercial vehicles) and large industrial machinery.
  • Fastest Growing Country Market - Morocco : Morocco is the fastest-growing country in terms of lubricant usage throughout Africa due to its large export-oriented manufacturing industry and growing vehicle sales.

Africa Automotive Lubricants Market Trends

Largest Segment By End User : Automotive

  • In 2020, the African lubricant market was dominated by the automotive industry, which accounted for around 55% of the total lubricant consumption in the region. During 2015-2019, lubricant consumption in the automotive industry increased by around 8.6%.
  • In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the heavy equipment industry, which recorded a dip of 5.05%, followed by automotive (4.7%), during the year.
  • Power generation is likely to be the fastest-growing end-user industry of the market studied, with a CAGR of 4.8% over the period 2021-2026, followed by automotive (4.13%). The growing capacity addition of power generation in the country is likely to drive the consumption of lubricants in the power generation industry.

Largest Country : Egypt

  • In 2020, Egypt was the leading consumer of lubricants in the African region, accounting for around 26.5% of the total consumption. During 2015-2019, lubricant consumption in Egypt increased by around 13.5%.
  • In 2020, the COVID-19 outbreak restrained the operations of several industries and their lubricant consumption across the African region. South Africa was the most affected, with an 8.9% drop in its lubricant consumption during 2019-2020, followed by Egypt with a 4.64% drop.
  • Morocco is likely to be the fastest-growing lubricants market in Africa during the forecast period, with a CAGR of around 4.8%. The recovering vehicle production, sales, and growing industrial capacities are likely to drive the growth of lubricants in Africa in the coming years.

Africa Automotive Lubricants Industry Overview

The Africa Lubricants Market is moderately consolidated, with the top five companies occupying around 44%. The major players in this market are BP Plc (Castrol), ENGEN PETROLEUM LTD, ExxonMobil Corporation, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Product Code: 90327


1 Executive Summary & Key Findings

2 Introduction

  • 2.1 Study Assumptions & Market Definition
  • 2.2 Scope of the Study
  • 2.3 Research Methodology

3 Key Industry Trends

  • 3.1 Automotive Industry Trends
  • 3.2 Manufacturing Industry Trends
  • 3.3 Power Generation Industry Trends
  • 3.4 Regulatory Framework
  • 3.5 Value Chain & Distribution Channel Analysis

4 Market Segmentation

  • 4.1 By End User
    • 4.1.1 Automotive
    • 4.1.2 Heavy Equipment
    • 4.1.3 Metallurgy & Metalworking
    • 4.1.4 Power Generation
    • 4.1.5 Other End-user Industries
  • 4.2 By Product Type
    • 4.2.1 Engine Oils
    • 4.2.2 Greases
    • 4.2.3 Hydraulic Fluids
    • 4.2.4 Metalworking Fluids
    • 4.2.5 Transmission & Gear Oils
    • 4.2.6 Other Product Types
  • 4.3 By Country
    • 4.3.1 Egypt
    • 4.3.2 Morocco
    • 4.3.3 Nigeria
    • 4.3.4 South Africa
    • 4.3.5 Rest of Africa

5 Competitive Landscape

  • 5.1 Key Strategic Moves
  • 5.2 Market Share Analysis
  • 5.3 Company Profiles
    • 5.3.1 Astron Energy Pty Ltd
    • 5.3.2 BP Plc (Castrol)
    • 5.3.3 Coperative Soceite des petroleum
    • 5.3.5 ExxonMobil Corporation
    • 5.3.6 FUCHS
    • 5.3.7 Misr Petroleum
    • 5.3.8 Oando Plc
    • 5.3.9 Royal Dutch Shell Plc
    • 5.3.10 TotalEnergies

6 Appendix

  • 6.1 Appendix-1 References
  • 6.2 Appendix-2 List of Tables & Figures

7 Key Strategic Questions for Lubricants CEOs

Have a question?

Jeroen Van Heghe

Manager - EMEA



Christine Sirois

Manager - Americas


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