Nigeria Lubricants Market Size

Statistics for the 2023 & 2024 Nigeria Lubricants market size, created by Mordor Intelligence™ Industry Reports. Nigeria Lubricants size report includes a market forecast to 2026 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Home Market Analysis Chemicals & Materials Research right-chevron-icon Lubricants and Fuel Additives Research right-chevron-icon Lubricants Research right-chevron-icon Lubricants in Nigeria Market Market Size

Market Size of nigeria lubricants Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
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

WHY BUY FROM US?
1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

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 Report Snapshots

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