North Africa Automotive Lubricants Market Trend, Development & Future Prospects to 2030

August 20, 2024 calafoc1

According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on North Africa Automotive Lubricants Market – Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

North Africa Automotive Lubricants Market Analysis and Size

The North Africa Automotive Lubricants Market size is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30.

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Some of the major players operating in the North Africa Automotive Lubricants Market are TotalEnergies SE, Shell International B.V., Rubis Energie, Exxon Mobil Corporation, Misr Petroleum, Castrol Limited, Chevron Alkhalij, Rymax Lubricants, PetroMix Company, Egyptian Company for Oil & Grease, Others.

North Africa Automotive Lubricants Market Growth Driver:

Rising Industrial Development to Propel Market Growth – The thriving industrial sector across the region has positively impacted the demand for commercial vehicles in countries such as Egypt, Algeria, etc. Along with this, these nations have appropriate geostrategic locations, adequate land availability, solar and wind power capacity, and skilled human capital, as well as a big domestic market, owing to which, the market players have been investing in the region. Furthermore, the official authorities of Morocco and Algeria are also increasing their focus on the development of the manufacturing sector in the countries. Hence, these countries have been experiencing the launch of new production plants which would boost the demand for light trucks both during the construction and post the initiation of the plant operations.

In 2024, Haier Smart Home announced the inauguration of Egypt Ecological Park which is the first Arab-based plant of the company. The plant would produce air conditioners & washing machines, etc.
In 2023, to produce upcoming Fiat models, including the Fiat 500 and Fiat Doblò, Stellantis announced the establishment of its manufacturing plant in Tafraoui, Algeria.

These facilities would create requirements for automobiles that will be used during construction and the delivery of the products to and from the production plant to the warehouse to the end users. Hence, this would increase the vehicle fleet across the countries. The expanding automotive fleet necessitates regular maintenance and lubrication, thus driving the demand for high-quality lubricants tailored to various vehicle applications. So, the thriving industrial sector across the region is augmenting the size & volume of the Automotive Lubricants Industry.

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Market Segment and Geographical Analysis

By Type

- Engine Oil- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Gear Oil- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Transmission Fluids- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Brake Fluids- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Greases- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Coolants & Antifreezes- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Others (Additives, Oil Benders, etc.) – Market Size & Forecast 2019-2030F, (Thousand Tons)

By Base Oil

- Mineral Oil Lubricants- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Synthetic Lubricants- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Bio Lubricants- Market Size & Forecast 2019-2030F, (Thousand Tons)

By Vehicle Type

- Two-Wheelers- Market Size & Forecast 2019-2030F, (Thousand Tons)
  - Mopeds & Scooter
  - Motorcycle
- Passenger Cars- Market Size & Forecast 2019-2030F, (Thousand Tons)
  - Hatchback
  - Sedan
  - SUV
- Commercial Vehicles- Market Size & Forecast 2019-2030F, (Thousand Tons)
  - Light Commercial Vehicle
  - Medium & Heavy Commercial Vehicle
- Off the Road (OTR) Vehicles- Market Size & Forecast 2019-2030F, (Thousand Tons)
  - Earthmoving Equipment
  - Material Handling Equipment
  - Agricultural Equipment

By Country

- Egypt
- Morocco
- Algeria
- Libya
- Rest of North Africa

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