International Insight Africa's Automotive Lubricant Market Grows

摘要

Demand for automotive lubricants in Africa is expected to grow thanks to increasing motor vehicle sales and the growth of foreign automotive manufacturing facilities on the continent. With a compound annual growth rate of 3.5 percent, Africa's automotive lubricant consumption is expected to reach 763,782 kiloliters by 2020. Mineral oil lubricants will continue to dominate the market, according to Automotive Lubricants for Africa, a report by Markets and Markets, a U.S.-based industry consultancy firm.