South Africa Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The South Africa Lubricants Market size is estimated at 419.90 Million Liters in 2024, and is expected to reach 454.14 Million Liters by 2026, growing at a CAGR of 4% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by End-user Industry - Automotive : Automotive was the largest end-use segment in South Africa, owing to the higher amount of engine oils and gear oils used in vehicles over industrial applications.
- Fastest Segment by End-user Industry - Power Generation : Power generation will be South Africa's fastest-growing end-user due to the rising demand for energy from wind turbines and steep drops in wind turbines' installation costs.
- Largest Segment by Product Type - Engine Oils : Due to the high volume of engine oil and high replacement frequency required to lubricate gasoline engines, engine oil is the most consumed product type in South Africa.
- Fastest Segment by Product Type - Greases : The growing construction, mining and agriculture actitives in South Africa is expected to provide fastest growth for hydraulic fluid segment among all product type, over the forecast period.
South Africa Lubricants Market Trends
Largest Segment By End User : Automotive
- In 2021, the South Africa lubricant market was dominated by the automotive industry which accounted for around 58% of the total lubricant consumption in the country. During 2015-2019, the lubricant consumption in the automotive industry increased by a CAGR of 2.39%.
- In 2020, COVID-19 restrictions led to declined maintenance requirements in various industries. Metallurgy & Metalworking Segment recorded highest dip of 14.63% in lubricant consumption. In 2021, the highest rebound of 5.26% in lubricant consumption was observed in automotive industry.
- Power generation is likely to be the fastest-growing end-user industry of the market studied with a CAGR of 3.66% over the period 2022-2027, followed by automotive (3.37%). The growing capacity addition and expanding distribution network in the country is likely to drive the consumption of lubricants in the power generation industry.
South Africa Lubricants Industry Overview
The South Africa Lubricants Market is fairly consolidated, with the top five companies occupying 86.58%. The major players in this market are Astron Energy Pty Ltd, BP PLC (Castrol), Engen Petroleum Ltd, Shell plc and TotalEnergies (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
- 1 Executive Summary & Key Findings
- 2 Introduction
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
- 3 Key Industry Trends
- 3.1 Automotive Industry Trends
- 3.2 Manufacturing Industry Trends
- 3.3 Power Generation Industry Trends
- 3.4 Regulatory Framework
- 3.5 Value Chain & Distribution Channel Analysis
- 4 Market Segmentation
- 4.1 By End User
- 4.1.1 Automotive
- 4.1.2 Heavy Equipment
- 4.1.3 Metallurgy & Metalworking
- 4.1.4 Power Generation
- 4.1.5 Other End-user Industries
- 4.2 By Product Type
- 4.2.1 Engine Oils
- 4.2.2 Greases
- 4.2.3 Hydraulic Fluids
- 4.2.4 Metalworking Fluids
- 4.2.5 Transmission & Gear Oils
- 4.2.6 Other Product Types
- 5 Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Profiles
- 5.3.1 Astron Energy Pty Ltd
- 5.3.2 BP PLC (Castrol)
- 5.3.3 Engen Petroleum Ltd
- 5.3.4 ExxonMobil Corporation
- 5.3.5 FUCHS
- 5.3.6 Puma Energy
- 5.3.7 Q8Oils
- 5.3.8 Sasol
- 5.3.9 Shell plc
- 5.3.10 TotalEnergies
- 6 Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
- 7 Key Strategic Questions for Lubricants CEOs
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