Market Size of Kenya Lubricants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 85.35 Million liters |
| Market Volume (2029) | 109.11 Million liters |
| CAGR (2024 - 2029) | 5.03 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Kenya Lubricants Market Analysis
The Kenya Lubricants Market size is estimated at 85.35 Million liters in 2024, and is expected to reach 109.11 Million liters by 2029, growing at a CAGR of 5.03% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market in 2020 because it significantly impacted supply chains and caused several supply chain disruptions that led to production halts and other issues in almost all industries, such as automotive, heavy equipment, etc. New car sales in the country increased in 2021 as economic growth rebounded from a pandemic-induced slump the previous year, driving up demand. This had a positive impact on the lubricants market in the country. The condition is expected to surge in 2022, benefitting the market studied.
- Increasing demand from industrial and construction segments for lubricants to drive the market growth.
- The widespread presence of counterfeit and substandard lubricants in Kenya is expected to hinder market growth.
- Investments in power generation and the automotive sector will likely create a lucrative growth opportunity for the studied market.
