Africa Engine Oil Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

Report ID: GMI248

Inquiry Before Buying   Table of Contents

Africa engine oil market size was estimated at over 2 million tons in 2015. Africa lubricant market size witnessed an increase of 1.1% of total consumption in 2014. Automotive engine oil market was the leading application segment and accounted for over 50% of the total volume in 2014. Industrial engine oil market size was estimated at over 1 million tons in 2014 and is likely to witness an increase in demand owing to growth in end-used industries such as steel, mining, construction and cement.
 

Egypt engine oil market accounted for more than 20% of the total regional volume in 2014. Nigeria engine oil market is likely to be the most lucrative over the forecast period and accounted for more than 8% of the regional demand in 2014.
 

Increase in automobile sales, particularly in South Africa, Morocco, Algeria and Egypt coupled with increase in consumer spending capacity is likely to drive Africa engine oils market growth. Regional automobile sales were estimated at over 1.6 million units in 2013 with over 21 million units of passenger car operating in the region.
 

Investments in transportation projects worth USD 500 billion are planned in the region which is expected to pave way for automobile industry growth over the forecast period. South Africa was the leading automobile regional market with estimated sales at over 650 thousand units. Automotive engine oil prices remained a key factor for consumer purchase decisions coupled with other factors such as branding, after sales service, spare part distributors and motor mechanic service centers.
 

The Africa engine oil market is fragmented with few countries such as Egypt, South Africa, Nigeria, Algeria, Sudan and Morocco accounting for over to 70% of the total volume in 2014. Increasing economic development in Egypt and Nigeria is likely to spur engine oil demand in the region. Egypt & Nigeria are the two most populous countries in the region which is characterized by economic growth driven by rapid industrialization. This factor is likely to support growth in middle-class consumer spending capacity and thus drive lubricant demand in the region.
 

Africa engine oil industry is likely to grow owing to availability of high performance raw materials such as group II and group III base stocks. These base stock plants are lacking in the region and are very crucial to establish type II and type III based stock plants to tap potential market. Base oil regional production accounts to more than 52% of the total demand, close to 20% is fulfilled via recycled base and the rest is met through imports. Low grade lubricants such as API CC/CDs & CFs are widely used in the region although demand for high quality base oils is gradually starting to take pace.
 

South Africa engine oil market share is highly deregulated in the region with presence of multinational companies such as Chevron, Castrol and Shell. The country has more than ten blending plants and major petrochemical companies present here obtain lubricants from share or wholly owned lube blending units. BP and Shell own a lube blending unit located at Durban whereas Engen owns a wholly owned unit at the same location. The current lube blending capacity in the country exceeds the domestic lubricants demand
 

South Africa lubricant market size accounted for more than 17% of the total volume in 2014. Industrial applications dominated the regional demand with more than 45% of the share in 2014. Automotive applications accounted for more than 40% of the total volume in 2014 and rest was accounted by applications such as aviation and marine.
 

In South Africa, about 10% to 15% of the base oil deficit is obtained from re-refined sector developed through sanctions to conserve petroleum products which restrict the disposal or burning of used lubes. Oikol, anon-profit organization, is responsible for used collecting used from service stations & industrial areas and then transports to storage depots in the region which is then supplied to Chemico for re-refining.
 

Africa engine oil market share is moderately consolidated with major industry participants such as Chevron, Shell, Total, Castrol and Engen. Other important companies include Conoil Plc, ExxonMobil, Oando Plc and Forte. 
 

 


What Information does this report contain?

What was the historic market data from 2012 to 2015, what is the industry growth forecast from 2016 to 2024?
A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2024?
What are the technology & innovation trends, how will they evolve by 2024?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

Why Global Market Insights?

 Comprehensive Research
  • All-inclusive coverage
  • In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
  • Penetrative insights & latest trends
  • Offers holistic understanding of the market
 Data Accuracy & Reliability
  • Unique methodology
  • Iterative in nature to eliminate errors
  • Detailed methodology, scope, assumptions and data sources available for reference
 Post-Sales Support
  • Committed to making a positive difference for our clients
  • Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
  • Every purchase comes with an option to obtain additional information:
    • up to 10% of the original cost
    • 45-minute analyst tele-call to obtain further clarity on the market.
 Security & Confidentiality
  • Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
  • Only PCI-DSS compliant payment methods used for highest level of client data security

Connect with our sales team