North Africa Automotive Lubricants Market Analysis, Price Trend, Industry Overview and Report 2024-2030

Market Insights

As per recent research by MarkNtel Advisors, 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.

North Africa Automotive Lubricants Market 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 Segmentation and Consumer Behavior:

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

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North Africa Automotive Lubricants Market Geographical Analysis:

By Country:

Egypt
Morocco
Algeria
Libya
Rest of North Africa

Key Players and Competitive Strategies in the North Africa Automotive Lubricants Market

Several prominent players dominate the North Africa Automotive Lubricants Market, including:

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

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Questions Addressed in this Study

1.What factors are driving the North Africa Automotive Lubricants Market growth?

2.How is the North Africa Automotive Lubricants Market expected to grow over the next five years?

3.What are the key insights into the current trends in the North Africa Automotive Lubricants Market?

4.What is the current size of the North Africa Automotive Lubricants Market, and how is it projected to change in the future?

5.What is the future outlook for the North Africa Automotive Lubricants Market in terms of technological advancements and market expansion?

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