Africa Lubricants Market Size
| Study Period | 2018 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 2.65 Billion Liters |
| Market Volume (2026) | 2.84 Billion Liters |
| CAGR (2024 - 2026) | 3.52 % |
| Market Concentration | High |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Africa Lubricants Market Analysis
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).
- 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 Lubricants Market Trends
This section covers the major market trends shaping the Africa Lubricants Market according to our research experts:
Largest Segment By End User : <span style="font-family: 'regular_bold';color:#0e7db3;">Automotive</span>
- 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 : <span style="font-family: 'regular_bold';color:#0e7db3;">Egypt</span>
- 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 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).
Africa Lubricants Market Leaders
BP Plc (Castrol)
ENGEN PETROLEUM LTD
ExxonMobil Corporation
Royal Dutch Shell Plc
TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Africa Lubricants Market News
- May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.
- May 2022: Engen Petroleum Ltd company has entered into a tripartite agreement with Nedbank and PetroCONNECT.This partnership is likely to help Engen Petroleum Ltd to expand its business in oil refining and synthetic fuel manufacturing plants, including lubricants and oil and gas sectors.
- April 2022: FUCHS company introduced AGRI FARM lubricants which are especially suited for high-end agricultural machines.
Africa Lubricants Market Report - Table of Contents
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
5.3.4 ENGEN PETROLEUM LTD
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
Africa Lubricants Industry Segmentation
| By End User | |
| Automotive | |
| Heavy Equipment | |
| Metallurgy & Metalworking | |
| Power Generation | |
| Other End-user Industries |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Metalworking Fluids | |
| Transmission & Gear Oils | |
| Other Product Types |
| By Country | |
| Egypt | |
| Morocco | |
| Nigeria | |
| South Africa | |
| Rest of Africa |
Africa Lubricants Market Research FAQs
How big is the Africa Lubricants Market?
The Africa Lubricants Market size is expected to reach 2.65 billion Liters in 2024 and grow at a CAGR of 3.52% to reach 2.84 billion Liters by 2026.
What is the current Africa Lubricants Market size?
In 2024, the Africa Lubricants Market size is expected to reach 2.65 billion Liters.
Who are the key players in Africa Lubricants Market?
BP Plc (Castrol), ENGEN PETROLEUM LTD, ExxonMobil Corporation, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Africa Lubricants Market.
Which segment has the biggest share in the Africa Lubricants Market?
In the Africa Lubricants Market, the Automotive segment accounts for the largest share by end user.
Which country has the biggest share in the Africa Lubricants Market?
In 2024, Egypt accounts for the largest share by country in the Africa Lubricants Market.
What years does this Africa Lubricants Market cover, and what was the market size in 2023?
In 2023, the Africa Lubricants Market size was estimated at 2.54 billion Liters. The report covers the Africa Lubricants Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Lubricants Market size for years: 2024, 2025 and 2026.
Africa Lubricants Industry Report
Statistics for the 2024 Africa Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Lubricants analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
