How big is the Morocco Lubricants Market?

The Morocco Lubricants Market size is expected to reach 139.51 million Liters in 2024 and grow at a CAGR of 4.93% to reach 153.61 million Liters by 2026. Read More

What is the current Morocco Lubricants Market size?

In 2024, the Morocco Lubricants Market size is expected to reach 139.51 million Liters. Read More

Who are the key players in Morocco Lubricants Market?

Afriquia, OLA Energy, Petrom, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Morocco Lubricants Market. Read More

Which segment has the biggest share in the Morocco Lubricants Market?

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

Which is the fastest growing segment in the Morocco Lubricants Market?

In 2024, the Automotive segment accounts for the fastest growing by end user in the Morocco Lubricants Market. Read More

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

In 2023, the Morocco Lubricants Market size was estimated at 132.82 million Liters. The report covers the Morocco Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Morocco Lubricants Market size for years: 2024, 2025 and 2026. Read More

Morocco Lubricants Market Trends

Statistics for the 2023 & 2024 Morocco Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Morocco Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of morocco lubricants Industry

This section covers the major market trends shaping the Morocco Lubricants Market according to our research experts:

Largest Segment By End User : Automotive

In 2020, the Moroccan lubricants market was dominated by the automotive industry, which accounted for over 68% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased by around 29.1%.
In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 3.45% in its lubricant consumption during 2019-2020, followed by the metallurgy and metalworking industry (3.42%).
Automotive is likely to be the fastest-growing end-user industry of the market studied, with a CAGR of 6% during 2021-2026, followed by power generation (3.96%). The growing vehicle sales and production are likely to drive the consumption of lubricants in the automotive industry in the coming years.