“High rate of terrorism and global oil
price shock of 2014-2015 negatively impacted the demand for lubricants in
country.”
The report titled, “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)” by Ken Research recommends that the companies operating in lubricants market of Algeria can
expand their market share by focusing on sales through dealer networks, invest
in marketing and sales promotion activities and focus on customer loyalty and
repeat orders. The market is expected to register an overall positive CAGR of 2.3%
by revenue during the forecast period 2017-2022.
High Dependency on
Hydrocarbon Sector: The country is the leading
natural gas producer in Africa, second largest natural gas supplier to Europe
and among the top 3 oil producers in Africa. It is also expected to possess
world’s third largest shale gas reserves. Algeria began producing oil in 1958
and became an OPEC country in the year 1969. According to the IMF report of
2014, the country’s revenues were heavily dependent on its hydrocarbon sector
which accounted for 25% of the country’s GDP, 95% of export earnings and 60% of
the budget revenues. Thus, the high dependency of hydrocarbons sector and oil
price shock during 2014-2015 negatively impacted the lubricants sales in
Algeria.
Negative Impact of Terrorism: Terrorism in Algeria has been a constant threat to foreign
entrants in the Algerian lubricants market. The operations of foreign entrants
in Algerian markets are expected to remain limited due to this reason. The
terrorist attack near In Amenas gas facility in 2013 led to withdrawal of
expatriates working in the region. This attack raised safety concerns among
foreign companies for their employees working in lubricants market in Algeria
and has negatively impacted the market.
Declining Automotive Industry: Algeria is one of the leading consumers for automotive
sector. The country imported 4 million cars during 2001 – 2016. However, in
2015, the government introduced a major policy change in the automotive
industry to improve the safety of passengers. This involved a ban on purchasing
imported vehicles that are not equipped with proper safety measures such as
extra air bags, ABS system and traction control. This significantly impacted
the imports and domestic manufacturing of passenger and commercial vehicles thereby
negatively impacting the lubricants market of Algeria.
Growing Mergers and
Acquisitions: In 2017, Total signed an agreement with Sonatrach to
launch petrochemical engineering studies in western Algeria. This project also
includes setting up of a dehydrogenation unit and a production unit for
polypropylene. The heavy machineries installed in these units will also require
regular usage of lubricants especially synthetic lubricants for efficient
performance.
Keywords:-
Lubricants Demand Algeria
Lubricants Market Algeria
Lubricants Sales Volume Algeria
Diesel Engine Oils Market Algeria
Heavy Duty Oils Market Algeria
Motor Oils Market Algeria
Hydraulic Oils Market Algeria
Greases Market Algeria
Gear Oils Market Algeria
Industrial Oils Market Algeria
Turbine Oils Market Algeria
Sonatrach Lubricants Algeria
Total Lubricants Algeria
Petroser Lubricants Algeria
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
For more information on the research report, refer to below
link:-
Related Reports By
Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
No comments:
Post a Comment