Hexa Research
This presentation is the property of its rightful owner.
Sponsored Links
1 / 4

African Engine Oil Market Research Report - Global Industry Analysis, Size ... PowerPoint PPT Presentation


The African engine oil market was valued around 2 million tons in 2015. It is expected to surpass 870, 710 kilo liters by 2024 (2016 to 2024 being the forecast period). Augmentation in vehicular sales in African regions like Morocco, Egypt, Algeria, and South Africa will drive the market in the coming eight years.

Download Presentation

African Engine Oil Market Research Report - Global Industry ...

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


African engine oil market research report global industry analysis size and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

African Engine Oil Market Share, Size, Analysis, Growth,

Trends and Forecasts, 2016 to 2024 | Hexa Research

The African engine oil market is expected to reach around 870, 710.3 kilo liters by 2024.

Rise in ‘automobile’ sales across Algeria, Egypt, South Africa, and Morocco should drive the

market in the coming eight years (2016 to 2024). Moreover, increasing consumer spending

capacities can augment market growth.

The African engine oil market is also expanding due to the availability of ‘high

performance’ raw materials, like group II and III base stocks. Base oil production was over

51% in the recent past. Of this, some was imported, while around 20% completed using

recycled base.

Browse Details of [email protected]://www.hexaresearch.com/research-report/african-

engine-oil-market

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


African engine oil market research report global industry analysis size and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

The African engine oil market is projected to experience higher demand owing to

expansion across the industries of mining, steel, cement, & construction. Low grade

lubricants such as API (American Petroleum Institute) CC/CDS & CFs are widely used in

Africa. However, the demand for high quality base oils is steadily rising. The African market

is bifurcated on the basis of applications and regions.

Applications include passenger vehicles and commercial vehicles. The former segment held

majority shares in the past. Sales channels of passenger & commercial vehicles comprise

garages, workshops & servicing centers; original equipment manufacturers (OEMs); and

others (like independent retailers).

Other applications; like industrial dominated in 2014, with shares exceeding 45%.

Automotive applications generated over 40% shares the same year. The remaining shares

were occupied by aviation and marine industries.

Independent workshops were the preferred & leading sales channel for passenger vehicles.

This preference was attributed to cheaper and faster services offered by these workshops

as opposed to OEMs.

African nations; like Egypt, Algeria, Nigeria, South Africa, Morocco, and Sudan accounted

for over 70% of the total volumes in 2014. Egypt produced around 20% of the regional

volumes that year.

However, Nigerian lubricants accounted nearly 8.2% of the overall volumes. African

automotive sales stood over 1.6 million units in 2013, with over 21 million units of

passenger cars operating there.

Transportation spending worth USD 500 billion has been planned for African regions. This

is expected to make way for the automobile industry. Nigeria and Egypt are the most

populous African nations.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


African engine oil market research report global industry analysis size and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

These countries have witnessed rapid economic growth, promoting industrialization.

Escalating regional ‘middle-class consumer spending’ capacities along with lubricants’

expansion are likely to impel market revenues in the near future.

South Africa was the leading nation with regards to automobile sales (over 650 thousand

units) in the recent past. Automotive lubricant prices remained imperative for client-

buying decisions. Other factors that contributed for the same were after sales services,

branding, motor mechanic services, and spare part distribution.

Conversely, the South Africa engine oil industry observes the participation of multinational

companies; such as Shell, Castrol, and Chevron. The current oil blending capacity of this

country exceeds domestic demand.

Moreover, South Africa has major petrochemical companies and over ten blending plants

that are profiting from wholly owned oil blending units. The African engine oil market is

moderately consolidated. Some of its key players are Total S.A., Castrol, Royal Dutch Shell

Plc., and Chevron Corporation. The others encompass ExxonMobil, Conoil Plc, Forte, and

Oando Plc.

Browse related category market reports @ https://www.hexaresearch.com/research-

category/petrochemicals-market

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We

offer comprehensive business intelligence in the form of industry reports which help our

clients obtain clarity about their business environment and enable them to undertake

strategic growth initiatives.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


African engine oil market research report global industry analysis size and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

Follow us on Linkedin : https://www.linkedin.com/company/hexa-research

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


  • Login