Africa Engine Oil Market Growth 2020 | By Key Players are Castrol, Engen, Conoil Plc, ExxonMobil, Chevron, Shell, Total

Africa engine oil market is likely to grow owing to the availability of high-performance raw materials such as group II and group III base stocks. These base stock plants are lacking in the region and are very crucial to establish type II and type III based stock plants to tap the potential market. Base oil regional production accounts to more than 52% of the total demand, close to 20% is fulfilled via recycled base and the rest is met through imports. Low-grade lubricants such as API CC/CDs & CFs are widely used in the region although demand for high-quality base oils is gradually starting to take place.

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South Africa lubricant market size accounted for more than 17% of the total volume in 2014. Industrial applications dominated the regional demand with more than 45% of the share in 2014. Automotive applications accounted for more than 40% of the total volume in 2014 and rest was accounted by applications such as aviation and marine.

In South Africa, about 10% to 15% of the base oil deficit is obtained from re-refined sector developed through sanctions to conserve petroleum products which restrict the disposal or burning of used lubes. Oikol, anon-profit organization, is responsible for used collecting used from service stations & industrial areas and then transports to storage depots in the region which is then supplied to Chemico for re-refining.

The Africa engine oil market is fragmented with few countries such as Egypt, South Africa, Nigeria, Algeria, Sudan and Morocco accounting for over to 70% of the total volume in 2014. Increasing economic development in Egypt and Nigeria is likely to spur engine oil demand in the region. Egypt & Nigeria are the two most populous countries in the region which is characterized by economic growth driven by rapid industrialization. This factor is likely to support growth in middle-class consumer spending capacity and thus drive lubricant demand in the region.

South Africa engine oil market share is highly deregulated in the region with presence of multinational companies such as Chevron, Castrol and Shell. The country has more than ten blending plants and major petrochemical companies present here obtain lubricants from share or wholly owned lube blending units. BP and Shell own a lube blending unit located at Durban whereas Engen owns a wholly owned unit at the same location.

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At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the engine oil market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
o Definition and scope of research
o Market dynamics, growth drivers and industry pitfalls
o Regulatory and political guidelines for the industry
o Demographics and statistical data

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Africa engine oil market share is moderately consolidated with major industry participants such as Chevron, Shell, Total, Castrol and Engen. Other important companies include Conoil Plc, ExxonMobil, Oando Plc and Forte.

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