Egypt Lubricants Market Size (2024 - 2029)

The lubricants market in Egypt is projected to experience growth over the forecast period, driven by increasing demand from the construction industry and opportunities in the wind energy sector. Despite challenges such as the impact of COVID-19, which initially reduced demand for automotive lubricants, the market is in a recovery phase. However, factors like crude oil price volatility and the prevalence of counterfeit products pose challenges to market expansion.

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Market Size of Egypt Lubricants Industry

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Egypt Lubricants Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 1.69 %
Market Concentration High

Major Players

Egypt Lubricants Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Egypt Lubricants Market Analysis

The Egypt Lubricants Market size is estimated at 612.22 Million liters in 2024, and is expected to reach 665.73 Million liters by 2029, growing at a CAGR of 1.69% during the forecast period (2024-2029).

In 2020, COVID-19 had a negative influence on the market. Due to the pandemic situation, the country was put under lockdown, causing individuals to reduce their use of personal automobiles and other modes of transportation, lowering demand for automotive lubricants. However, later in 2022, the market is experiencing a recovery phase.

The growing demand from the construction industry for rapid infrastructure development is driving the market growth.

Further, volatility in crude oil prices and increasing usage of counterfeit products are expected to hinder market growth.

Increasing demand from the wind energy sector is likely to provide a significant growth opportunity for the market studied during the forecasted period.

Egypt Lubricants Industry Segmentation

Lubricant products are made from a combination of base oils and additives. The composition of base oil in the formulation of lubricants is primarily between 75-90%. Base oils possess lubricating properties and make up to 90% of the final lubricant product.

The market is segmented by product type and end-user industry. By product type, the market is segmented by engine oil, transmission and hydraulic fluid, general industrial oil, gear oil, grease, and other product types (coolants, brake fluids, and others). By end-user industry, the market is segmented by power generation, automotive and other transportation, heavy equipment, food and beverage, and other end-user industries(industrial, marine).

 For each segment, the market sizing and forecasts have been done on the basis of volume (liters).

Product Type
Engine Oil
Transmission and Hydraulic Fluid
General Industrial Oil
Gear Oil
Grease
Other Product Types
End-user Industry
Power Generation
Automotive and Other Transportation
Heavy Equipment
Food and Beverage
Other End-user Industries
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Egypt Lubricants Market Size Summary

The lubricants market in Egypt is poised for steady growth over the forecast period, driven by increasing demand from various sectors such as construction and wind energy. The market is recovering from the setbacks caused by the COVID-19 pandemic, which had led to a temporary decline in demand for automotive lubricants due to reduced transportation activities. The construction industry's rapid infrastructure development is a significant factor propelling market expansion. However, challenges such as crude oil price volatility and the prevalence of counterfeit products pose potential hindrances to market growth. Despite these challenges, the wind energy sector presents a promising opportunity for market development, as the demand for lubricants in this area is expected to rise.

In the automotive sector, the demand for engine oils is bolstered by the increase in automobile production and the growing number of licensed vehicles in the country. High-mileage engine oils are particularly sought after for their benefits in preventing oil leaks and reducing consumption. The power generation sector also contributes to the lubricants market, with gear and turbine oils being essential for maintaining the efficiency of machinery under challenging conditions. The market is highly consolidated, with major players like ExxonMobil, Shell, and Total dominating the landscape. Recent investments and expansions by these companies underscore their commitment to the Egyptian market, further solidifying their influence in the industry.

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Egypt Lubricants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the Construction Sector

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Volatility in Crude Oil Prices

      2. 1.2.2 Increasing Counterfit Products

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Type

      1. 2.1.1 Engine Oil

      2. 2.1.2 Transmission and Hydraulic Fluid

      3. 2.1.3 General Industrial Oil

      4. 2.1.4 Gear Oil

      5. 2.1.5 Grease

      6. 2.1.6 Other Product Types

    2. 2.2 End-user Industry

      1. 2.2.1 Power Generation

      2. 2.2.2 Automotive and Other Transportation

      3. 2.2.3 Heavy Equipment

      4. 2.2.4 Food and Beverage

      5. 2.2.5 Other End-user Industries

Egypt Lubricants Market Size FAQs

The Egypt Lubricants Market size is expected to reach 612.22 million liters in 2024 and grow at a CAGR of 1.69% to reach 665.73 million liters by 2029.

In 2024, the Egypt Lubricants Market size is expected to reach 612.22 million liters.

Egypt Lubricants Market Report Snapshots

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