Market Research

 According to projections, the China Lubricants Market will grow at a CAGR of 4.76% to reach 12.29 billion litres in 2026 from its 2021 level of 9.74 billion litres. The automobile sector, which accounted for almost 40% of all lubricant use in China in 2020, dominated the country's lubricant market. Due to the growing fleet of vehicles, lubricant consumption in the automotive industry increased by over 30% between 2015 and 2019. Several industries saw a rise in lubricant use in 2019 and 2020 despite COVID-19-related regulations. The electricity generating sector experienced the biggest increase throughout the year, increasing by 9.48%, followed by the heavy equipment sector by 2.19 %. With a CAGR of 6.87% expected to occur between 2021 and 2026, the end-user industry of power generation is predicted to develop the quickest in the market under study, followed by automotive (5.41%). In the upcoming years, the country's growing power generation capacity is projected to fuel the se...

 The market for lubricants in South Africa, which had a volume of 381.94 million litres in 2021, is anticipated to grow at a CAGR of 3.16% to 446.31 million litres by 2026. The automobile industry, which accounted for around 58% of the nation's total lubricant consumption in 2021, dominated the lubricant market in South Africa. The automobile industry's lubricant consumption increased by a CAGR of 2.39% from 2015 to 2019. 2020 saw a decrease in maintenance demands across many industries as a result of COVID-19 regulations. The largest decrease in lubricant use, at 14.63%, was seen in the Metallurgy & Metalworking segment. The automobile industry experienced the biggest rebound in lubricant consumption in 2021, at 5.26%. With a CAGR of 3.66% during the years 2022–2027, the end-user industry of power generation is anticipated to have the market's fastest growth, followed by automotive (3.37%). The use of lubricants in the power generation industry is probably being driven...

 The market for automotive engine oils was worth 15.26 billion litres in 2021, and it is anticipated to grow at a CAGR of 3.72% to 18.32 billion litres by 2026. Among all product types, engine oils are the automotive lubricants that are utilised the most. Global consumption of automobile engine oil increased at a CAGR of 2.5% from 2015 to 2019. Around 78% of all automotive lubricant consumption worldwide in 2020 was made up of engine oils. Due to a decrease in business activity in 2020 as a result of the COVID-19 pandemic, the worldwide vehicle fleet's usage drastically decreased. As a result, compared to 2019, the passenger car and motorbike segments had the biggest decrease in engine oil usage. An increase in the penetration of electric vehicles is anticipated to have a small impact on engine oil consumption, along with the rebound in motor vehicle sales and manufacturing that is anticipated. As a result of these variables, it is anticipated that during the years 2021–2026, engin...

  The Malaysian Lubricants Market, which had a volume of 447.91 million litres in 2021, is anticipated to grow at a CAGR of 3.58 percent to 534.03 million litres by 2026. The automobile sector, which accounted for over 70% of the nation's total lubricant consumption in 2020, dominated the Malaysian lubricant market. The automobile industry's lubricant usage rose by almost 25% from 2015 to 2019 . Restrictions connected to COVID-19 resulted in a decrease in maintenance demands from various businesses in 2020. Heavy equipment (7.4%) and the automobile industry, which had a decline of 9.3% and 7.4%, respectively, during the year over 2019, suffered the most. With a CAGR of 3.92% between 2021 and 2026, the end-user industry of power generation is anticipated to expand the quickest in the market under study, followed by automotive (3.77%). The country's rising power generation capacity is probably going to increase the demand for lubricants in the industry. Major Players:  BP PLC...

 The market for lubricants for passenger vehicles in Qatar was 12.34 million litres in 2021, and it is anticipated that it will grow at a CAGR of 4.14% to 15.11 million litres by 2026. In terms of automotive lubricant consumption, passenger vehicles (PVs) are the second-largest vehicle category in Qatar. Because of the nation's rising car population, the PV lubricant consumption increased with a CAGR of 4.18% from 2015 to 2019. About 39.62% of the nation's total automotive lubricant usage in 2020 came from PVs. With a share of roughly 76% over the course of the year, engine oil made up the greatest portion of the PV lubricant usage. In 2020, PV lubricants consumption decreased by 8.33% as a result of the fleet's decreased use following the COVID-19 outbreak. Grease is anticipated to increase at the quickest rate of all lubricant types between 2021 and 2026, with a CAGR of 5.49%. Increased sales of passenger automobiles and a recovery in the nation's average travel dista...

  Nigeria's market for commercial vehicle lubricants, which had a volume of 141.86 million litres in 2021, is anticipated to grow at a CAGR of 2.75 percent to 162.45 million litres by 2026. Commercial vehicles (CV) make up the largest section of the automotive lubricant market in Nigeria. The rising freight transportation industry in the nation served as a primary driver of the CV segment's lubricant consumption growth between 2015 and 2019 at a CAGR of almost 1.1%. 2020's COVID-19 effects on freight transportation resulted in a 4.95% decrease in the usage of lubricants for commercial vehicles. More than 70% of the CV lubricant market is made up of engine oil. The consumption of greases in the CV category fell significantly by 9.9% during the course of the year. With a CAGR of 4.2% from 2021 to 2026, the transmission oil segment is anticipated to develop at the quickest rate of any product category. Over the future years, the consumption of transmission will probably be dri...

 Egypt's automotive lubricants market, which had a volume of 332.54 million litres in 2021, is anticipated to grow at a CAGR of 3.33 percent to 391.68 million litres by 2026. In Egypt, passenger vehicles (PV) made up almost 50% of all on-road vehicles in 2020, followed by motorcycles (MC) and commercial vehicles (CV), which had respective shares of 33.2% and 17%. Around 70% of the total automotive lubricant use in 2020 came from the CV segment, with PV (23.5%) and MC (6.6%) following closely behind. The COVID-19 outbreak in 2020 caused a noticeable decline in the consumption of lubricants, with PV lubricant consumption experiencing the largest decline (8.2%), followed by CV (8.1%) and MC (4.7%). Motorcycles are expected to consume the most lubricants, with a CAGR of 5.76% between 2021 and 2026. In the upcoming years, it is anticipated that a recovery in low-cost moped sales and a rise in the penetration of foreign motorcycle brands will propel the expansion. Market Major Players:...