Market Size of africa lubricants Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2026 |
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Market Volume (2024) | 2.65 Billion Liters |
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Market Volume (2026) | 2.84 Billion Liters |
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Largest Share by End User | Automotive |
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CAGR (2024 - 2026) | 3.52 % |
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Largest Share by Country | Egypt |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Africa Lubricants Market Analysis
The Africa Lubricants Market size is estimated at 2.65 Billion Liters in 2024, and is expected to reach 2.84 Billion Liters by 2026, growing at a CAGR of 3.52% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Automotive was the largest end-use segment throughout Africa due to the higher amount of engine oils and gear oils used in vehicles compared to industrial applications.
- Fastest Segment by End-user Industry - Power Generation : Due to the growing regional demand for low-cost energy from natural gas-fueled power plants, power generation is the fastest-growing end-user of lubricants in Africa.
- Largest Country Market - Egypt : Egypt is the largest lubricant market in Africa, as the country possesses a higher number of older motor vehicles (commercial vehicles) and large industrial machinery.
- Fastest Growing Country Market - Morocco : Morocco is the fastest-growing country in terms of lubricant usage throughout Africa due to its large export-oriented manufacturing industry and growing vehicle sales.
