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.
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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.
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
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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.
This latest Africa Engine Oil Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Africa Engine Oil Market industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
report, “Africa Engine Oil Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023.”, in detail along with the table of contents.
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Key Insights in this Report
- Global Africa Engine Oil Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Africa Engine Oil Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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