Africa Industrial Lubricants Market Size & Growth (2023 - 2030)

The African lubricants market is projected to grow with a CAGR of 0.28% during the forecast period from 2023 - 2030. 

The growth of the industrial lubricants market has been dropped down by nearly 10% in 2022 due to the adverse impact of COVID-19. Due to the COVID-19 impact, in 2022, the country has imposed a lockdown to stop the virus spread. During the first quarter of 2022, transportation and automobile were considerably affected. The sales in the South African automotive industry were denied by -16% in 2022 when compared to the previous year. 

Market Segmentation
The research report has been segmented and sub-segmented based on the following categories:

Africa Industrial Lubricants Market - By Group

• Group I
• Group II
• Group III
• Group IV
• Group V

By group, the base I segment dominates the African lubricants market and continues its dominance throughout the forecast period. 

Africa Industrial Lubricants Market - By Base Stock

• Mineral Oil Lubricant
• Synthetic Lubricant
• Semi-Synthetic Lubricant

By base stock, synthetic oil lubricant leads the African lubricants market growth. Easy availability and inexpensiveness push the base stock segment forward. 

Africa Industrial Lubricants Market - By Product Type

• Engine Oil
• Transmission and Hydraulic Fluid
• Metalworking Fluid
• General Industrial Oil
• Gear Oil
• Grease
• Process Oil
• Other Product Types

Hydraulic fluid is likely to be the largest of the product type segment. The dominance of the hydraulic segment owes to the reasonable cost and the need from the construction companies. 

Africa Industrial Lubricants Market - By End-User Industry

• Power Generation
• Automotive and Other Transportation
• Heavy Equipment
• Food and Beverage
• Metallurgy and Metalworking
• Chemical Manufacturing
• Other End-User Industries

Automotive and other transportation segment dominates the application lubricants market in Africa. The segment growth is attributed to the increasing resource of passenger cars by customers. The lubricant is used in Automotives to curb the friction between two components of the vehicle and prevent the temperature caused by heat produced by moving parts. The demand for lubricants in automotive and other applications is increasing propels the lubricants market growth.

The power generation segment is the second segment to dominate the lubricants market in Africa. The rise in power generation plants, rise in urbanization, and population rise are the factors responsible for the segment growth over the period. Also, increasing demand for electricity, constant economic growth, and growth in several industries escalate the African lubricants market growth throughout the period. 

Regional Segmentation

African Industrial Lubricants Market is established through Morocco, Egypt, Nigeria, South Africa, Algeria, Tanzania, Tunisia, Kenya, Ghana, Libya, Uganda, and the Rest of Africa.

In Africa, the increase in the automotive sector is stimulating the lubricants market. The increase in consumers purchase power acts as a profitable opportunity for the market players. 

South Africa has witnessed steady growth till 2022

As per the Direction of Studies and Financial Forecasts (DEPF), Morocco is planning to produce 50% of its electricity by 2030. The government of Morocco has invested hugely in solar and wind projects to reach its goal.

In the African lubricants market, the power sector is one key factor, and huge investments made towards solar and wind power boosting the growth of the market.

In some countries like Algeria, South Africa, and Nigeria, the demand for lubricants increases highly. In South Africa, the need for the lubricants industry is high and plays a prominent role. The lubricants industry in South Africa is highly ambitious and is subjected to government control about fuels like diesel and gasoline.  

The economic growth of South Africa affects the lubricants market growth. factors like administrative frameworks in both public and private 

Leading Companies in the African Industrial Lubricants Market
Some of the significant lubricant companies involved are Fuchs, Total, and Centlube. Most lubricants consumed in the country are Castrol, Shell, Engen, ExxonMobil Corporation, and Chevron. 

Recent Happenings

• On March 15, 2022, Fuchs, a specialist in lubricants, has expanded its portfolio in Egypt. 
• On July 28, 2022, ExxonMobil Egypt S.A.E collaborated with Trella. The collaboration brings digital innovation to the trucking industry in Egypt connecting shippers to containers. 
• On January 23, 2022, ExxonMobil made a dealership with DrewMarine to increase the obtainability of oils and greases. 
• On July 15, 2022, Chevron combined with Cummins to develop business opportunities on hydrogen.
• On September 22, 2022, Total acquired Lubrilog SAS, creating value for the company and its customers.