Egypt Lubricants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Egypt Lubricants Market is segmented by Product Type (Engine Oil, Transmission and Hydraulic Fluid, General Industrial Oil, Gear Oil, Grease, and Other Product Types) and End-user Industry (Power Generation, Automotive and Other Transportation, Heavy Equipment, Food and Beverage, and Other End-user Industries).

Market Snapshot

Egypt Lubricants Market Overview
Study Period: 2016 - 2026
Base Year: 2021
CAGR: >1.5 %
Egypt Lubricants Market Top Companies

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Market Overview

The Egyptian lubricants market size was 470.23 kiloton in 2020, and the market is projected to register a CAGR of over 1.5% during the forecast period (2021-2026).

COVID-19 negatively impacted the market in 2020. Owing to the pandemic scenario, the country went into lockdown, which led people to minimize the usage of personal vehicles and other transportation, thus negatively impacting the demand for automotive lubricants, which in turn negatively impacted the lubricants market demand in the country. However, the condition is expected to recover in 2021, thereby benefiting the market studied.

  • Over the short term, the major factor driving the growth of the market studied is the expanding construction sector in the country.
  • On the flip side, the decline in the sales of new vehicles and the negative impact of the COVID-19 outbreak are expected to hinder the market's growth.
  • Increasing demand from the wind energy sector in the country is likely to provide a major growth opportunity for the market studied during the forecast period.

Scope of the Report

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. 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. For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton).

Product Type
Engine Oil
Transmission and Hydraulic Fluid
General Industrial Oil
Gear Oil
Other Product Types
End-user Industry
Power Generation
Automotive and Other Transportation
Heavy Equipment
Food and Beverage
Other End-user Industries

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Key Market Trends

Increasing Demand for Engine Oil

  • Engine oil is widely used to lubricate internal combustion engines, and it is generally composed of 75-90% base oils and 10-25% additives.
  • It is 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.
  • High-mileage engine oil is in high demand at present, owing to the properties that help prevent oil leaks and reduce oil consumption.
  • Most of the light and heavy vehicle diesel and gasoline engines use 10W40 and 15W40 viscosity-grade oils, whereas multi-grade oils, like 15W50 and 20W50, are used for aircraft engines.
  • The light motor vehicle segment records the highest consumption rate of engine oils among all the segments. Owing to the technological improvements and government-mandated requirements for fuel economy, the automakers have been manufacturing lighter vehicles with tighter tolerances (which make the vehicles more durable).
  • The automotive production and sales in the country have been increasing significantly over the past few years due to its low labor cost and continuous rising population. Therefore, the automotive producers are continuously investing in new facilities in the country.
  • In 2020, the automobile sales in the country were 227,117 units, reporting a 32.6% increase in sales on comparing to 2019.
  • Such investments are expected to contribute to the demand for engine oils in the country from the automotive industry.
Egypt Lubricants Market Share

Power Generation Segment to Witness Lucrative Growth Rate

  • Power generation is one of the most important sectors, without which almost all manufacturing operations may cease. Wind turbines are subject to many factors, such as humidity, high pressure, high loads, vibrations, and temperature. Gear and turbine oils are widely used in this sector for lubrication purposes.
  • In general, the cost of lubricants accounts for less than 5% of a power generation company’s total operational expenditure. About 58% of the companies recognized that lubricant selection could help reduce the costs by 5% or more, but fewer than 1 in 10 (8%) companies realized that the impact of lubrication might be up to six times greater.
  • The country has seen rapid growth in electricity consumption over the past few years. In 2019, energy consumption per capita stood at 0.97 toe, including 1 550 kWh of electricity. The total energy consumption increased by 3% in 2018 and 1.5% in 2019. The growth is mainly driven by the increasing use of electric and electronic equipment in the residential sector and the growth in the industrial sector.
  • Additionally, Egypt's electricity generation could end up with an enormous surplus of 74.4GW by 2035.
  • Such growing investments in the country are expected to drive the market for lubricants in the power generation sector in Egypt.
Egypt Lubricants Market Growth Rate

Competitive Landscape

The Egyptian 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, are accounting for more than 80% of the market studied.

Recent Developments

  • In Feb 2019, ENOC group signed a joint venture (JV) agreement with Proserv Egypt to set up ENOC Misr, its first on-ground operations in the lubricants sector in Egypt.
  • In Jan 2018, Castrol Limited announced that the company and Qalaa Holdings subsidiary Taqa Arabia were likely to establish a new joint venture (JV) with UK-based lubricant company Castrol, a subsidiary of BP PLC. The joint venture company was expected to produce and distribute Castrol's industrial and automotive lubricants, while TAQA was likely to remain as the sole distributor of Castrol lubricant products in Egypt.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Construction Sector

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Decline in the Sales of New Vehicles

      2. 4.2.2 Negative Impact of the COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size in Volume)

    1. 5.1 Product Type

      1. 5.1.1 Engine Oil

      2. 5.1.2 Transmission and Hydraulic Fluid

      3. 5.1.3 General Industrial Oil

      4. 5.1.4 Gear Oil

      5. 5.1.5 Grease

      6. 5.1.6 Other Product Types

    2. 5.2 End-user Industry

      1. 5.2.1 Power Generation

      2. 5.2.2 Automotive and Other Transportation

      3. 5.2.3 Heavy Equipment

      4. 5.2.4 Food and Beverage

      5. 5.2.5 Other End-user Industries


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by the Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Castrol Limited

      2. 6.4.2 ExxonMobil Corporation

      3. 6.4.3 LUKOIL

      4. 6.4.4 Royal Dutch Shell PLC

      5. 6.4.5 Total

      6. 6.4.6 Co-operative Soceite des petroleum (Copetrole)

      7. 6.4.7 Caltex (Chevron Corporation)

      8. 6.4.8 Misr Petroleum Company

      9. 6.4.9 ENOC Lubricants

      10. 6.4.10 Pakelo Motor Oil SRL

    5. *List Not Exhaustive

    1. 7.1 Promising Wind Energy Sector

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Frequently Asked Questions

The Egypt Lubricants Market market is studied from 2016 - 2026.

The Egypt Lubricants Market is growing at a CAGR of >1.5% over the next 5 years.

Exxon Mobil Corporation, Co-Operative Soceite des Petroleum (Copetrole) , Royal Dutch Shell PLC, Total, Misr Petroleum are the major companies operating in Egypt Lubricants Market.

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