1. Market Research
  2. > Chemical
  3. > Specialty Chemical Market Trends
Morocco Lubricants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Morocco Lubricants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • November 2021
  • 101 pages
  • ID: 6184970
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The Moroccan lubricants market is valued at around 115 million liters in 2020 and is expected to register a CAGR of around 5% during the forecast period.

COVID-19 impact has negatively affected the demand for lubricants in the country, due to the lockdown and production halts. Also, the automotive sector has been facing issues in the form of the supply of semiconductors. Furthermore, the Director of the Audi brand in Morocco confirmed the existence of a supply shortage. Since Audi plants are suffering serious production interruptions due to a shortage of chips, according to some experts in the Morocco automotive industry, the problem is expected to worsen for a brief time. Normalcy is not likely to return until the second part of 2022, or possibly early 2023.

Key Highlights
In the short term, the major factor driving the growth of the market studied is the increasing motor vehicle population in the country.
Stable economic performance, growth in foreign investments, growth in the food and beverage sector, growth in construction, and the increasing demand from wind energy sector are expected to act as opportunities for the lubricants market.
The engine oil segment dominated the market and is expected to continue its dominance during the forecast period.

Key Market Trends

Automotive and Other Transportation Segment to Drive the Market

Automotive and other transportation media, which includes aerospace, marine, and railway, is the largest end-user industry for lubricants in Morocco.
In the Automotive sector, passenger vehicles account for the highest share of lubricant consumption, followed by commercial vehicles and motorcycles, respectively. Engine oils, transmission and gear oils, hydraulic fluids, and greases are the widely used lubricants in the automotive industry, with engine oils accounting for the major share.
In the passenger vehicle sector, engine designs have been continually improving to enhance performance, increase efficiency, and meet the environmental emission regulations. As a result, the necessity for low-viscosity lubricants, which are compatible with modern compact size engines, is growing.
Though the electric car population in Morocco accounts for less than 2% of the total car population currently, it is expected to witness significant growth in the coming years. This, in turn, is likely to majorly restrict the demand for engine oils in this sector.
Commercial vehicles, which include medium-duty trucks, heavy-duty trucks, buses, and motorcycles use relatively higher viscosity grade lubricants compared to the passenger vehicle sector.
The automotive industry is one of the pillars of the country’s economy. Several international companies, such as Tangier and kenitra, are investing in the industrial zones. Furthermore, Morocco unseated South Africa in 2019 from the top of the podium of African car producers.
PSA and Renault-Nissan are the major automobile manufacturers in the country. The country, which manufactures one car every 90 seconds, aims to produce 1,000,000 cars per year by 2023.
Sales of vehicles in the country decreased from 242,132 units in 2019 to 207,012 units in 2020, registering a dip of 14.5%. Similarly, automotive production decreased from 394,652 units in 2019 to 248430 units in 2020.
Owing to all the aforementioned factors, the market for lubricants in the country is projected to grow at a significant pace during the forecast period.

Greases Segment to Witness Lucrative Growth Rate

Grease is a mixture of a fluid lubricant (usually petroleum oil) and a thickener (soap) dispersed in oil. Owing to its water-resistant property, grease is used in various applications, and it is important for smooth machine functioning.
The base oil or lubricant (petroleum oil) can be changed later with the use of pre-used lubricant. The ability to maintain contact with the moving surface and lubricate it without leaking under gravity and centrifugal action or even being squeezed out under pressure is the primary feature of grease.
Grease seals out contaminants easily suspends solid additives and reduces noise, and it is suitable for intermittent operations. Greased machinery consumes less power and significantly helps reduce wear and tear.
Increasing R&D activities, focusing on the application of advanced greases in various end-user industries, are expected to drive the demand for grease additives over the next few years.
Grease is used to protect various equipment from extreme pressure, corrosion of bearings, water absorption, and wash out in the steel and paper industries. Industrial grease is an incumbent part of machine maintenance operations worldwide.
Automotive greases are used to lubricate the chassis, suspension, and steering. Additionally, automotive greases can be classified based on their GC and LB ratings. GC rating can be employed for the lubrication of axle and wheel, whereas LB can be used for the lubrication of different types of joints, including U-joints and ball joints, tie-rod ends, and control arm-shafts.
The COVID-19 outbreak has restrained the growth of grease consumption in both automotive and industrial segments during 2020. However, with the country’s economy slowly recovering from the pandemic, the usage of grease in its end-user industries is also likely to grow during the forecast period.

Competitive Landscape

The market studied is highly consolidated among the top six players. The top companies have been utilizing competitive strategies and investments to retain and expand their shares. The top five players, namely Vivo Energy (Shell), Afriquia, TotalEnergies, Petromin, and OLA Energy, accounted for almost 83% of the market studied.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2021

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on