Africa Lubricants Market Size

Statistics for the 2023 & 2024 Africa Lubricants market size, created by Mordor Intelligence™ Industry Reports. Africa Lubricants size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of africa lubricants Industry

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Africa Lubricants Market
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2018 - 2026
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Volume (2024) 2.65 Billion Liters
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Volume (2026) 2.84 Billion Liters
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Automotive
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2026) 3.52 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country Egypt

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Africa Lubricants Market Analysis

The Africa Lubricants Market size is estimated at 2.65 Billion Liters in 2024, and is expected to reach 2.84 Billion Liters by 2026, growing at a CAGR of 3.52% during the forecast period (2024-2026).

  • Largest Segment by End-user Industry - Automotive : Automotive was the largest end-use segment throughout Africa due to the higher amount of engine oils and gear oils used in vehicles compared to industrial applications.
  • Fastest Segment by End-user Industry - Power Generation : Due to the growing regional demand for low-cost energy from natural gas-fueled power plants, power generation is the fastest-growing end-user of lubricants in Africa.
  • Largest Country Market - Egypt : Egypt is the largest lubricant market in Africa, as the country possesses a higher number of older motor vehicles (commercial vehicles) and large industrial machinery.
  • Fastest Growing Country Market - Morocco : Morocco is the fastest-growing country in terms of lubricant usage throughout Africa due to its large export-oriented manufacturing industry and growing vehicle sales.

Africa Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)