How big is the South Africa Lubricants Market?

The South Africa Lubricants Market size is expected to reach 419.90 million Liters in 2024 and grow at a CAGR of 4% to reach 454.14 million Liters by 2026. Read More

What is the current South Africa Lubricants Market size?

In 2024, the South Africa Lubricants Market size is expected to reach 419.90 million Liters. Read More

Who are the key players in South Africa Lubricants Market?

Astron Energy Pty Ltd, BP PLC (Castrol), Engen Petroleum Ltd, Shell plc and TotalEnergies are the major companies operating in the South Africa Lubricants Market. Read More

Which segment has the biggest share in the South Africa Lubricants Market?

In the South Africa Lubricants Market, the Automotive segment accounts for the largest share by end user. Read More

Which is the fastest growing segment in the South Africa Lubricants Market?

In 2024, the Power Generation segment accounts for the fastest growing by end user in the South Africa Lubricants Market. Read More

What years does this South Africa Lubricants Market cover, and what was the market size in 2023?

In 2023, the South Africa Lubricants Market size was estimated at 405.95 million Liters. The report covers the South Africa Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Lubricants Market size for years: 2024, 2025 and 2026. Read More

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.