Africa Lubricants Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The African lubricants market is projected to register a CAGR of over 2% during the forecast period.
The COVID-19 pandemic adversely impacted the market in 2020 due to various trade and operational restrictions. However, after the loosening of restrictions and the retraction of the pandemic in the latter half of 2021, the market recorded a positive growth rate due to the increased use of lubricants in various end-user industries such as automobile and transportation, and various other industrial sectors were affected significantly.
Key HighlightsThe Africa lubricants market is fragmented in nature. Some of the key players in the African lubricants market include (not in a particular order) Shell PLC, TotalEnergies, ExxonMobil Corporation, Chevron Corporation, and Engen Petroleum Ltd, among others.
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