South Africa Lubricants Market Trends

Statistics for the 2023 & 2024 South Africa Lubricants market trends, created by Mordor Intelligence™ Industry Reports. South Africa Lubricants trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of south africa lubricants Industry

This section covers the major market trends shaping the South Africa Lubricants Market according to our research experts:

Largest Segment By End User : Automotive

  • In 2021, the South Africa lubricant market was dominated by the automotive industry which accounted for around 58% of the total lubricant consumption in the country. During 2015-2019, the lubricant consumption in the automotive industry increased by a CAGR of 2.39%.
  • In 2020, COVID-19 restrictions led to declined maintenance requirements in various industries. Metallurgy & Metalworking Segment recorded highest dip of 14.63% in lubricant consumption. In 2021, the highest rebound of 5.26% in lubricant consumption was observed in automotive industry.
  • Power generation is likely to be the fastest-growing end-user industry of the market studied with a CAGR of 3.66% over the period 2022-2027, followed by automotive (3.37%). The growing capacity addition and expanding distribution network in the country is likely to drive the consumption of lubricants in the power generation industry.
South Africa Lubricants Market

South Africa Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)