How big is the Nigeria Lubricants Market?

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. Read More

What is the current Nigeria Lubricants Market size?

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

Who are the key players in Nigeria Lubricants Market?

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

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

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

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

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

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

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. Read More

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.

Market Size of nigeria lubricants Industry

	Study Period	2015 - 2026
	Market Volume (2024)	553.40 Million Liters
	Market Volume (2026)	597.33 Million Liters
	Largest Share by End User	Automotive
	CAGR (2024 - 2026)	3.89 %
	Fastest Growing by End User	Power Generation
Major Players

*Disclaimer: Major Players sorted in no particular order

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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.