South Africa Lubricants Market Trends

Statistics for the 2023 & 2024 South Africa Lubricants market trends, created by Mordor Intelligence™ Industry Reports. South Africa Lubricants trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of south africa lubricants Industry

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

Largest Segment By End User : Automotive

  • In 2021, the South Africa lubricant market was dominated by the automotive industry which accounted for around 58% of the total lubricant consumption in the country. During 2015-2019, the lubricant consumption in the automotive industry increased by a CAGR of 2.39%.
  • In 2020, COVID-19 restrictions led to declined maintenance requirements in various industries. Metallurgy & Metalworking Segment recorded highest dip of 14.63% in lubricant consumption. In 2021, the highest rebound of 5.26% in lubricant consumption was observed in automotive industry.
  • Power generation is likely to be the fastest-growing end-user industry of the market studied with a CAGR of 3.66% over the period 2022-2027, followed by automotive (3.37%). The growing capacity addition and expanding distribution network in the country is likely to drive the consumption of lubricants in the power generation industry.
South Africa Lubricants Market : Largest Segment By End User : <span style="font-family: 'regular_bold';color:#0e7db3;">Automotive</span>

South Africa Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)