Market Size of south africa lubricants Industry
| Icons | Lable | Value |
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Study Period | 2015 - 2026 |
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Market Volume (2024) | 419.90 Million Liters |
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Market Volume (2026) | 454.14 Million Liters |
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Largest Share by End User | Automotive |
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CAGR (2024 - 2026) | 4.00 % |
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Fastest Growing by End User | Power Generation |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South Africa Lubricants Market Analysis
The South Africa Lubricants Market size is estimated at 419.90 Million Liters in 2024, and is expected to reach 454.14 Million Liters by 2026, growing at a CAGR of 4% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Automotive was the largest end-use segment in South Africa, owing to the higher amount of engine oils and gear oils used in vehicles over industrial applications.
- Fastest Segment by End-user Industry - Power Generation : Power generation will be South Africa's fastest-growing end-user due to the rising demand for energy from wind turbines and steep drops in wind turbines' installation costs.
- Largest Segment by Product Type - Engine Oils : Due to the high volume of engine oil and high replacement frequency required to lubricate gasoline engines, engine oil is the most consumed product type in South Africa.
- Fastest Segment by Product Type - Greases : The growing construction, mining and agriculture actitives in South Africa is expected to provide fastest growth for hydraulic fluid segment among all product type, over the forecast period.
