Egypt Lubricants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 612.22 Million liters |
| Market Volume (2029) | 665.73 Million liters |
| CAGR (2024 - 2029) | 1.69 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Egypt Lubricants Market Analysis
The Egypt Lubricants Market size is estimated at 612.22 Million liters in 2024, and is expected to reach 665.73 Million liters by 2029, growing at a CAGR of 1.69% during the forecast period (2024-2029).
In 2020, COVID-19 had a negative influence on the market. Due to the pandemic situation, the country was put under lockdown, causing individuals to reduce their use of personal automobiles and other modes of transportation, lowering demand for automotive lubricants. However, later in 2022, the market is experiencing a recovery phase.
The growing demand from the construction industry for rapid infrastructure development is driving the market growth.
Further, volatility in crude oil prices and increasing usage of counterfeit products are expected to hinder market growth.
Increasing demand from the wind energy sector is likely to provide a significant growth opportunity for the market studied during the forecasted period.
Egypt Lubricants Market Trends
Increasing Demand for Engine Oil
- Engine Oils are typically used for applications such as wear reduction, corrosion protection, and smooth operation of engine internals. It functions by creating a thin film between the moving parts to enhance the transfer of heat and reduce tension during the contact of parts.
- According to the OICA (), Egypt's motor vehicle sales recorded 133 857 units in 2022 and registered growth when compared with 215 072 units in the previous year.
- According to CAPMAS (Egypt), the number of licensed private cars and motorcycles reached 5,111,892 and 2,694,784, respectively, in 2022.
- High-mileage engine oil is in high demand at present, owing to the properties that help prevent oil leaks and reduce oil consumption.
- Over the past years, automobile production has increased in the country, resulting in the rise of engine oil sales.
- With the factors mentioned above are expected to contribute to the demand for engine oils in the automotive industry.
Power Generation Segment to Witness Lucrative Growth Rate
- Power generation is one of the most critical sectors, without which almost all manufacturing operations may cease. In Egypt, the overall production of all-electric energy-generating facilities is 184 billion kWh, accounting for 115 percent of the country's consumption.
- The country has seen rapid growth in the consumption of electricity over the past years. According to World Darta, the country consumes over 159 billion kWh of electricity per year.
- According to the International Renewable Energy Agency (IRENA), As of 2022, the total renewable energy capacity in Egypt amounted to 6,322 megawatts. This represented an increase of roughly 1.02 percent from the preceding year.
- Similarly, according to CAPMAS (Egypt), as of April 2022, electricity consumed by individuals in their homes represented 37.6 percent of the consumed electricity in the country. The industrial sector followed, with a share of almost 30.4 percent. Furthermore, public utilities and governmental agencies were the third largest electricity-consuming sector in the country.
- Humidity, high pressure, high loads, vibrations, and temperature are all variables that affect turbines, transformers, and stationary engines. Gear and turbine oils are commonly utilized for lubrication in this industry. Lubrication can save a lot of money by preventing bearings from wearing out and failing prematurely.
- The factors mentioned above are likely to drive the market for lubricants in Egypt's power generation sector.
Egypt Lubricants Industry Overview
Egypt's lubricants market is highly consolidated among the top six players. The top companies have been utilizing competitive strategies and investments to retain and expand their shares. Key players, namely ExxonMobil Corporation, Co-operative Soceite des Petroleum (Copetrole), Misr Petroleum Company, Royal Dutch Shell PLC, and Total, account for more than 80% of the market studied.
Egypt Lubricants Market Leaders
Exxon Mobil Corporation
TotalEnergies
Misr Petroleum Company
Shell PLC
EOG
*Disclaimer: Major Players sorted in no particular order
Egypt Lubricants Market News
- December 2023: Lukoil announced the USD 73 million investment in Egypt’s West Esh El Mallaha Oil Field to enhance oil reserves and increase production capacity, supporting the Egyptian economy.
- October 2023: ExxonMobil, the United States-based oil and gas company, announced the expansion of its operations in Egypt; these developments affirm ExxonMobil's ongoing commitment to its operations in Egypt and its pivotal role in the country's energy landscape.
Egypt Lubricants Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand from the Construction Sector
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Volatility in Crude Oil Prices
4.2.2 Increasing Counterfit Products
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Product Type
5.1.1 Engine Oil
5.1.2 Transmission and Hydraulic Fluid
5.1.3 General Industrial Oil
5.1.4 Gear Oil
5.1.5 Grease
5.1.6 Other Product Types
5.2 End-user Industry
5.2.1 Power Generation
5.2.2 Automotive and Other Transportation
5.2.3 Heavy Equipment
5.2.4 Food and Beverage
5.2.5 Other End-user Industries
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by the Leading Players
6.4 Company Profiles
6.4.1 Astron Energy (Pty) Ltd.
6.4.2 Castrol Limited
6.4.3 ENOC Lubricants
6.4.4 EOG
6.4.5 ExxonMobil Corporation
6.4.6 FUCHS
6.4.7 LUKOIL
6.4.8 Misr Petroleum Company
6.4.9 Pakelo Motor Oil S.r.l
6.4.10 Shell PLC
6.4.11 TotalEnergies
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing demand from the Wind Energy Sector
Egypt Lubricants Industry Segmentation
Lubricant products are made from a combination of base oils and additives. The composition of base oil in the formulation of lubricants is primarily between 75-90%. Base oils possess lubricating properties and make up to 90% of the final lubricant product.
The market is segmented by product type and end-user industry. By product type, the market is segmented by engine oil, transmission and hydraulic fluid, general industrial oil, gear oil, grease, and other product types (coolants, brake fluids, and others). By end-user industry, the market is segmented by power generation, automotive and other transportation, heavy equipment, food and beverage, and other end-user industries(industrial, marine).
For each segment, the market sizing and forecasts have been done on the basis of volume (liters).
| Product Type | |
| Engine Oil | |
| Transmission and Hydraulic Fluid | |
| General Industrial Oil | |
| Gear Oil | |
| Grease | |
| Other Product Types |
| End-user Industry | |
| Power Generation | |
| Automotive and Other Transportation | |
| Heavy Equipment | |
| Food and Beverage | |
| Other End-user Industries |
Egypt Lubricants Market Research FAQs
How big is the Egypt Lubricants Market?
The Egypt Lubricants Market size is expected to reach 612.22 million liters in 2024 and grow at a CAGR of 1.69% to reach 665.73 million liters by 2029.
What is the current Egypt Lubricants Market size?
In 2024, the Egypt Lubricants Market size is expected to reach 612.22 million liters.
Who are the key players in Egypt Lubricants Market?
Exxon Mobil Corporation, TotalEnergies, Misr Petroleum Company, Shell PLC and EOG are the major companies operating in the Egypt Lubricants Market.
What years does this Egypt Lubricants Market cover, and what was the market size in 2023?
In 2023, the Egypt Lubricants Market size was estimated at 601.87 million liters. The report covers the Egypt Lubricants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Egypt Lubricants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Egypt Lubricants Industry Report
Statistics for the 2024 Egypt Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Egypt Lubricants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
