Nigeria Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2026)

The Report Covers Lubricant Business in Nigeria and the Market is segmented by End User (Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation) and by Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils)

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Nigeria Lubricants Market Size

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Nigeria Lubricants Market Summary
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2015 - 2026
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Volume (2024) 553.40 Million Liters
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Volume (2026) 597.33 Million 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) 3.89 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User Power Generation

Major Players

Nigeria Lubricants Market Major Players Nigeria Lubricants Market Major Players Nigeria Lubricants Market Major Players Nigeria Lubricants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Nigeria Lubricants Market Analysis

The Nigeria Lubricants Market size is estimated at 553.40 Million Liters in 2024, and is expected to reach 597.33 Million Liters by 2026, growing at a CAGR of 3.89% during the forecast period (2024-2026).

  • Largest Segment by End-user Industry - Automotive : Automotive is the largest end-user among all segments due to the high proportion of engine oils and gear oils used in motor vehicles than in any industrial application.
  • Fastest Segment by End-user Industry - Power Generation : Due to the increasing use of natural gas reactors and wind turbines for energy generation, power generation is the fastest-growing end-user of lubricants in Nigeria.
  • Largest Segment by Product Type - Engine Oils : Due to the varying engine sizes of cars, trucks, and buses and the high oil changing frequencies, engine oil is the most widely used product category in Nigeria.
  • Fastest Segment by Product Type - Metalworking Fluids : Nigeria has several government policies that are likely to propel the manufacturing industry and increase metalworking fluid consumption at a faster rate in the coming years.

Nigeria Lubricants Market Trends

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

Largest Segment By End User : Automotive

  • In 2020, the automotive industry dominated the Nigerian lubricants market, accounting for over 44% of the total lubricant consumption. During 2015-2019, lubricant consumption in the automotive industry increased by 4.2%.
  • 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 5.9% during 2019-2020, followed by heavy equipment (4.7%).
  • Power generation is likely to be the fastest-growing end-user industry of the Nigerian lubricants market during 2021-2026, with a CAGR of 5.39%, followed by metallurgy and metalworking (5.2%). The growing vehicle sales and production are likely to drive the consumption of lubricants in the automotive industry in the future.
Nigeria Lubricants Market : Largest Segment By End User : <span style="font-family: 'regular_bold';color:#0e7db3;">Automotive</span>

Nigeria Lubricants Industry Overview

The Nigeria Lubricants Market is fairly consolidated, with the top five companies occupying 68.10%. The major players in this market are 11PLC, Ardova PLC, BP PLC (Castrol), Oando PLC and TotalEnergies (sorted alphabetically).

Nigeria Lubricants Market Leaders

  1. 11PLC

  2. Ardova PLC

  3. BP PLC (Castrol)

  4. Oando PLC

  5. TotalEnergies

*Disclaimer: Major Players sorted in no particular order

Nigeria Lubricants Market Concentration
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Nigeria Lubricants Market News

  • May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.
  • January 2022: Effective January 21, 2022, Royal Dutch Shell plc changes its name to Shell plc.
  • November 2021: Ardova PLC acquired Enyo Retail & Supply Limited in 2021. This acquisition adds Enyo's 95 retail stations to Ardova's existing 450 stations, growing its portfolio to 545 stations nationwide.

Nigeria Lubricants Market Report - Table of Contents

1. Executive Summary & Key Findings

2. Introduction

  • 2.1 Study Assumptions & Market Definition
  • 2.2 Scope of the Study
  • 2.3 Research Methodology

3. Key Industry Trends

  • 3.1 Automotive Industry Trends
  • 3.2 Manufacturing Industry Trends
  • 3.3 Power Generation Industry Trends
  • 3.4 Regulatory Framework
  • 3.5 Value Chain & Distribution Channel Analysis

4. Market Segmentation

  • 4.1 By End User
    • 4.1.1 Automotive
    • 4.1.2 Heavy Equipment
    • 4.1.3 Metallurgy & Metalworking
    • 4.1.4 Power Generation
    • 4.1.5 Other End-user Industries
  • 4.2 By Product Type
    • 4.2.1 Engine Oils
    • 4.2.2 Greases
    • 4.2.3 Hydraulic Fluids
    • 4.2.4 Metalworking Fluids
    • 4.2.5 Transmission & Gear Oils
    • 4.2.6 Other Product Types

5. Competitive Landscape

  • 5.1 Key Strategic Moves
  • 5.2 Market Share Analysis
  • 5.3 Company Profiles
    • 5.3.1 11PLC
    • 5.3.2 Ammasco International Limited
    • 5.3.3 Ardova PLC
    • 5.3.4 BP PLC (Castrol)
    • 5.3.5 Conoil PLC
    • 5.3.6 Eterna PLC
    • 5.3.7 MRS Oil Nigeria PLC
    • 5.3.8 Oando PLC
    • 5.3.9 Royal Dutch Shell PLC
    • 5.3.10 TotalEnergies
  • *List Not Exhaustive

6. Appendix

  • 6.1 Appendix-1 References
  • 6.2 Appendix-2 List of Tables & Figures

7. Key Strategic Questions for Lubricants CEOs

** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. VEHICLE POPULATION, NUMBER OF UNITS, NIGERIA, 2015 - 2026
  1. Figure 2:  
  2. COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, NIGERIA, 2015 - 2026
  1. Figure 3:  
  2. MOTORCYCLES POPULATION, NUMBER OF UNITS, NIGERIA, 2015 - 2026
  1. Figure 4:  
  2. PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, NIGERIA, 2015 - 2026
  1. Figure 5:  
  2. MANUFACTURING VALUE ADDED, USD BILLION (CURRENT VALUE), NIGERIA, 2015 - 2020
  1. Figure 6:  
  2. POWER GENERATION CAPACITY, GIGAWATT (GW), NIGERIA, 2015 - 2020
  1. Figure 7:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, BY END USER, 2015-2026
  1. Figure 8:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 9:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, AUTOMOTIVE, 2015-2026
  1. Figure 10:  
  2. NIGERIA LUBRICANTS MARKET, AUTOMOTIVE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 11:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, HEAVY EQUIPMENT, 2015-2026
  1. Figure 12:  
  2. NIGERIA LUBRICANTS MARKET, HEAVY EQUIPMENT, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 13:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, METALLURGY & METALWORKING, 2015-2026
  1. Figure 14:  
  2. NIGERIA LUBRICANTS MARKET, METALLURGY & METALWORKING, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 15:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, POWER GENERATION, 2015-2026
  1. Figure 16:  
  2. NIGERIA LUBRICANTS MARKET, POWER GENERATION, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 17:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER END-USER INDUSTRIES, 2015-2026
  1. Figure 18:  
  2. NIGERIA LUBRICANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 19:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026
  1. Figure 20:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 21:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026
  1. Figure 22:  
  2. NIGERIA LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 23:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026
  1. Figure 24:  
  2. NIGERIA LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 25:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026
  1. Figure 26:  
  2. NIGERIA LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 27:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, METALWORKING FLUIDS, 2015-2026
  1. Figure 28:  
  2. NIGERIA LUBRICANTS MARKET, METALWORKING FLUIDS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 29:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION & GEAR OILS, 2015-2026
  1. Figure 30:  
  2. NIGERIA LUBRICANTS MARKET, TRANSMISSION & GEAR OILS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 31:  
  2. NIGERIA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER PRODUCT TYPES, 2015-2026
  1. Figure 32:  
  2. NIGERIA LUBRICANTS MARKET, OTHER PRODUCT TYPES, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 33:  
  2. NIGERIA LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 34:  
  2. NIGERIA LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 35:  
  2. NIGERIA LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

Nigeria Lubricants Industry Segmentation

By End User Automotive
Heavy Equipment
Metallurgy & Metalworking
Power Generation
Other End-user Industries
By Product Type Engine Oils
Greases
Hydraulic Fluids
Metalworking Fluids
Transmission & Gear Oils
Other Product Types
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Market Definition

  • Vehicle Types and Industrial Equipment - Automotive (Passenger Vehicles, Commercial Vehicles and Motorcycles), Power Generation, Heavy Equipment, Metallurgy & Metalworking and Other End-user Industries (Marine, Aviation etc.) are considered under the lubricants market.​
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission & gear oils, hydraulic fluids, metalworking fluids, and greases are taken into consideration.​
  • Service Refill - Service/maintenance refill is considered while accounting the lubricant consumption for each of the vehicle and equipment, under the study.​
  • Factory Fill - First lubricant fill-ups for newly produced vehicles and industrial equipment are considered under the study.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Nigeria Lubricants Market Research FAQs

The Nigeria Lubricants Market size is expected to reach 553.40 million Liters in 2024 and grow at a CAGR of 3.89% to reach 597.33 million Liters by 2026.

In 2024, the Nigeria Lubricants Market size is expected to reach 553.40 million Liters.

11PLC, Ardova PLC, BP PLC (Castrol), Oando PLC and TotalEnergies are the major companies operating in the Nigeria Lubricants Market.

In the Nigeria Lubricants Market, the Automotive segment accounts for the largest share by end user.

In 2024, the Power Generation segment accounts for the fastest growing by end user in the Nigeria Lubricants Market.

In 2023, the Nigeria Lubricants Market size was estimated at 535.73 million Liters. The report covers the Nigeria Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nigeria Lubricants Market size for years: 2024, 2025 and 2026.

Nigeria Lubricants Industry Report

Statistics for the 2024 Nigeria Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nigeria Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Nigeria Lubricants Market Report Snapshots

Nigeria Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2026)