Market Size of Egypt Lubricants Industry
| 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.
