Nigeria Marine Lubricants Market Size & Outlook, 2022-2030

The marine lubricants market in Nigeria is expected to reach a projected revenue of US$ 1.2 million by 2030. A compound annual growth rate of 1% is expected of Nigeria marine lubricants market from 2023 to 2030.
Revenue, 2022 (US$M)
$1.1
Forecast, 2030 (US$M)
$1.2
CAGR, 2023 - 2030
1.1%
Report Coverage
Nigeria

Nigeria marine lubricants market, 2018-2030 (US$M)

Nigeria

Related Markets

Nigeria marine lubricants market highlights

  • The Nigeria marine lubricants market generated a revenue of USD 1.1 million in 2022 and is expected to reach USD 1.2 million by 2030.
  • The Nigeria market is expected to grow at a CAGR of 1% from 2023 to 2030.

Marine lubricants market data book summary

Market revenue in 2022USD 1.1 million
Market revenue in 2030USD 1.2 million
Growth rate1% (CAGR from 2022 to 2030)
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentation
Key market players worldwideQuaker Houghton, Repsol SA, Shell PLC, PetroChina Co Ltd Class H, Petroleo Brasileiro SA Petrobras ADR, Innospec Inc, ENEOS Holdings Inc, Bel-Ray Company, Zeller + Gmelin GmbH & Co KG, Blaser Swisslube, Kluber Lubrication Munchen SE & Co. KG, Phillips 66, Petrofer Chemie H. R. Fischer, Gulf Oil, Unimarine

Other key industry trends

  • In terms of revenue, Nigeria accounted for 0.2% of the global marine lubricants market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, UAE marine lubricants market is projected to lead the regional market in terms of revenue in 2030.
  • Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1.8 million by 2030.

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Marine Lubricants Market Scope

Marine lubricants market segmentation & scope
Gas turbine oils
Piston engine oils
Hydraulic fluids
Others
Process Oils
General Industrial Oils
Metalworking Fluids
Industrial Engine Oils
Greases
Engine oil
Hydraulic oil
Gear oil
Turbine oil
Transmission Fluids
Brake Fluids
Coolants

Marine Lubricants Market Companies

Name Profile # Employees HQ Website

Nigeria marine lubricants 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 marine lubricants market will help companies and investors design strategic landscapes.


  • Nigeria Marine Lubricants Product Outlook (Revenue, USD Million, 2018-2030)
    • Gas turbine oils
    • Piston engine oils
    • Hydraulic fluids
    • Others
    • Process Oils
    • General Industrial Oils
    • Metalworking Fluids
    • Industrial Engine Oils
    • Greases
    • Engine oil
    • Hydraulic oil
    • Gear oil
    • Turbine oil
    • Transmission Fluids
    • Brake Fluids
    • Coolants

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Target buyers of Nigeria marine lubricants market databook

  • Our clientele includes a mix of marine lubricants market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Nigeria marine lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Nigeria marine lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Nigeria marine lubricants market size, by product, 2018-2030 (US$M)

Nigeria Marine Lubricants Market Outlook Share, 2022 & 2030 (US$M)

Nigeria marine lubricants market size, by product, 2018-2030 (US$M)

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