Market Size of morocco lubricants Industry
| Icons | Lable | Value |
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Study Period | 2015 - 2026 |
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Market Volume (2024) | 139.51 Million Liters |
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Market Volume (2026) | 153.61 Million Liters |
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Largest Share by End User | Automotive |
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CAGR (2024 - 2026) | 4.93 % |
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Fastest Growing by End User | Automotive |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Morocco Lubricants Market Analysis
The Morocco Lubricants Market size is estimated at 139.51 Million Liters in 2024, and is expected to reach 153.61 Million Liters by 2026, growing at a CAGR of 4.93% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user among all categories due to the huge volume of engine and gear oils used in motor vehicles compared to any other industrial application.
- Fastest Segment by End-user Industry - Automotive : Power generation will be Morocco's fastest-growing end-user due to increased demand for energy from wind turbines and steep drops in wind turbines' installation costs.
- Largest Segment by Product Type - Engine Oils : Engine oil is the largest consumed product category in Morocco due to the differing engine sizes of cars, motorcycles, trucks, and buses and high oil changing frequencies.
- Fastest Segment by Product Type - Transmission & Gear Oils : As Morocco expects an increase in the outputs of industrial production and electric cars, transmission and gear oils may grow at a faster rate than other product types.
