South Africa Greases Market Size & Outlook, 2023-2030
South Africa greases market, 2018-2030 (US$M)
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South Africa greases market highlights
- The South Africa greases market generated a revenue of USD 132.9 million in 2023 and is expected to reach USD 161.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.8% from 2024 to 2030.
- In terms of segment, mineral was the largest revenue generating form in 2023.
- Mineral is the most lucrative form segment registering the fastest growth during the forecast period.
Greases market data book summary
| Market revenue in 2023 | USD 132.9 million |
| Market revenue in 2030 | USD 161.6 million |
| Growth rate | 2.8% (CAGR from 2023 to 2030) |
| Largest segment | Mineral |
| Fastest growing segment | Mineral |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral, Synthetic, Bio-based |
| Key market players worldwide | Nycon, Battenfeld-Grease & Oil Corporation of New York, RichardsApex Inc., Lubriplate Lubricants Co., GB Lubricants, Eastern Oil, JAX INC., D-A Lubricant Company, Xaerus Performance Fluids, Moroil Technologies, Industrial Oils Unlimited, LLC, Primrose Oil Company, Cadillac Oil, Condat, COGELSA, Interflon |
Other key industry trends
- In terms of revenue, South Africa accounted for 2.3% of the global greases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa greases market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 161.6 million by 2030.
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Greases Market Scope
Greases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa greases market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to greases market will help companies and investors design strategic landscapes.
Mineral was the largest segment with a revenue share of 62.15% in 2023. Horizon Databook has segmented the South Africa greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Automotive industry plays an important role in South Africa’s economy with various incentive programs introduced by the government to promote domestic production and assembly of auto components and vehicles.
The major auto companies such as BMW, Nissan, Renault, Ford, Volkswagen, and Mercedes Benz have their manufacturing plants in South Africa, and the country plans to increase the local assembly of cars by 60% by the end of 2035.
In September 2023, Stellantis NV announced the establishment of manufacturing facilities in South Africa, involving the construction of a modern automobile manufacturing plant from scratch. The first vehicle to be launched from the plant is the Peugeot Landtrek 1-tonne pickup truck, scheduled for release in early 2026.
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Our clientele includes a mix of greases market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa greases market, including forecasts for subscribers. This country databook contains high-level insights into South Africa greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa greases market size, by form, 2018-2030 (US$M)
South Africa Greases Market Share, 2023 & 2030 (US$M)
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