Algeria Lubricants Market is Expected to Reach DZD 55 Billion in Terms of Revenues by 2022: Ken Research
GURUGRAM, India, January 29, 2019 /PRNewswire/ --
- Increasing demand for semi-synthetic and synthetic lubricants is expected to drive the growth in lubricants market of Algeria.
- Rising contribution of Construction and Power Generation sectors in the GDP and Algeria are expected to be the key growth drivers of the market.
- Growth in passenger and commercial vehicles sales in the country is expected to positively impact the lubricants market of the country.
Diversification to Non-hydrocarbon sectors: The government of Algeria has decided to invest USD 262 billion through its five year plan of 2015-2019 to diversify the oil dependent economy and improve the nation's infrastructure. The government is expected to increase investment in industries such as textile, pharmacy, plastics and cement while improving the state of road, rail and port network in the country. This will require setting up of production facilities by increasing the use of machineries thereby augmenting the demand for lubricants in the country.
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Growing demand for lubricants in Power Generation Sector: The government owned Sonatrach also declared its Vision 2030 plan called SH2030 which is expected to turn Sonatrach into an integrated energy company by the year 2030. This will increase investments in the power generation sector of the economy thereby increasing the demand for industrial lubricants as well. The increasing Salah, Shale and TFT gas explorations in collaboration with international companies is also expected to increase lubricants demand in power generation sector.
Growing demand for lubricants in Construction Sector: Algeria lubricants market is expected to significantly grow during the period 2017-2022 due to optimistic growth indicators like growing GDP. As per Ken Research's proprietary database, the GDP of Algeria is expected to reach USD 218.7 billion by the year 2022. The growth in GDP is expected to take place primarily through growth in industrial sector with increasing construction projects. The government has allotted a budget of EUR 58 billion to build 1.6 million new homes by 2019 in order to address housing shortage in the country which will also positively impact the demand for lubricants in the market
Analysts at Ken Research in their latest publication "Algeria Lubricants Market Outlook to 2022 - By Automotive (Heavy Duty Diesel Engine Oils, Passenger Car Motor Oils, Hydraulic Oils, Greases, Gear Oils and Transmission Fluids) and By Industrial (Hydraulic Oils, Industrial Gear Oils, Turbine Oils, Compressor Oils, Greases and Transformer Oils)" believe that the market is expected to grow in future through increasing demand for semi-synthetic and synthetic lubricants and industrial lubricants for construction and power generation sectors. Among automotive lubricants, the demand for commercial and passenger vehicle lubricants is also expected to rise in future. The market is expected to register a positive CAGR of 2.3% in terms of revenue during the forecast period 2017-2022.
Key Segments Covered
- By Origin (Mineral, Semi-synthetic and Synthetic Lubricants)
- By Type (Automotive and Industrial Lubricants)
- Automotive Lubricants
-By Application (Heavy Duty Diesel Engine Oils, Passenger Car Motor Oils, Hydraulic Oils, Greases, Gear Oils and Transmission Fluids)
-By End Users (Passenger Vehicle Lubricants, Commercial Vehicle Lubricants, Marine Lubricants and Aviation Lubricants)
-By Channel of Distribution (OEM Workshops/Service Stations, Dealer Networks and Others)
- Industrial Lubricants
-By Application (Hydraulic Oils, Industrial Gear Oils, Turbine Oils, Compressor Oils, Greases and Transformer Oils)
-By End Users (Construction, Power Generation, Manufacturing and Others)
-By Channel of Distribution (Direct Sales by Companies and Workshops, Dealer network)
Key Target Audience
- Lubricants Manufacturers
- Lubricants Distributors
- Government Agencies
- Base-oil Companies
- Additive Companies
- Refining Companies
Time Period Captured in the Report:
- Historical Period: 2012-2017
- Forecast Period: 2018-2022
Companies Covered:
- Sonatrach
- Total S.A.
- Petroser
- Royal Dutch Shell
- Exol Lubricants
- Rebex Lubricants
- Lincoln (SKF)
- Liqui Moly
- Bardahl
Key Topics Covered in the Report
- Executive Summary
- Research Methodology
- Stakeholders in Algeria Lubricants Market
- Algeria Lubricants Market Overview and Genesis
- Value Chain Analysis for Algeria Lubricants Market
- Algeria Lubricants Market Size
- Algeria Lubricants Market Segmentation
- Algeria Automotive Lubricants Market Segmentation
- Algeria Industrial Lubricants Market Segmentation
- Trade Scenario in Algeria Lubricants Market
- Trends and Developments in Algeria Lubricants Market
- Issues and Challenges in Algeria Lubricants Market
- Decision Making Criteria for End Users in Algeria Lubricants Market
- Government Regulations and Guidelines in Algeria Lubricants Market
- SWOT Analysis for Algeria Lubricants Market
- Competitive Scenario in Algeria Lubricants Market
- Best Selling Products of Sonatrach, Total, Petroser and Shell
- Company Profiles of Major Players in Algeria Lubricants Market
- Algeria Lubricants Market Future Outlook and Projections, 2017-2022E
- Analyst Recommendations
For more information on the research report, refer to below link:
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