Showing posts with label Synthetic Lubricants Market Algeria. Show all posts
Showing posts with label Synthetic Lubricants Market Algeria. Show all posts

Tuesday, January 8, 2019

Algeria Lubricants Market has Remained Buoyant Inspite of Declining Automotive Industry and High Dependency on Hydrocarbon Sector: Ken Research


“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

Algeria Lubricants Market Outlook to 2022: Ken Research


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) provides a comprehensive analysis of the lubricants market in Algeria. The report also covers the overall market size in terms of volume and value, segmentations on the basis of origin, type, end user applications and channels of distribution for lubricants, trade scenario, trends and developments, issues and challenges, decision making criteria for end users, government regulations and guidelines, SWOT analysis, competitive scenario, company profiles and best selling products. The report concludes with future projections and analyst recommendations highlighting the major opportunities and cautions for the lubricants market.
Algeria Lubricants Market Overview: Algeria lubricants market is presently in its growth stage. The market comprises of both domestic production and import of lubricants to meet the domestic demand for lubricants. There are 9 players in total that operate in the organized space including the government owned Sonatrach. The terrorist attacks near oil refineries in 2013 and the oil price shock during 2014-2015 negatively impacted the market during the period 2012-2017. However, increasing government expenditure to diversify the oil dependent economy through initiatives like National Vision 2030 and SH2030 are expected to keep the overall demand for lubricants growing in future. The lubricant sales in Algeria have declined at a negative CAGR during the period 2012 to 2017.
Algeria Lubricants Market Segmentation:
By Origin (Mineral, Semi-Synthetic and Synthetic Lubricants): In 2017, mineral lubricants dominated the overall sales for lubricants in Algeria. This is mainly due to their low retail price and easy refining process. This was followed by semi-synthetic and synthetic lubricants, which accounted for the lower volume share due to comparatively narrower scope of usage in end user applications.
By Type (Automotive and Industrial): Automotive lubricants dominated the market till 2017 with high volume of domestic sales in the country. They are required for rented, used and pre-owned vehicles. Industrial lubricants followed with a comparatively lesser volume share with construction sector being the largest end users. The remaining end users of industrial lubricants include manufacturing, power generation and other end user industries.
Algeria Automotive Lubricants Market Segmentation:
By Application (Heavy Duty Diesel Engine Oils, Passenger Car Motor Oils, Hydraulic Oils, Greases, Gear Oils and Transmission Fluids): Domestic sales of Heavy Duty Diesel Engine Oils and Passenger Car Motor Oils dominated the automotive lubricants market in Algeria catering to majority of the market demand in 2017. The volume shares of Hydraulic Oils, Greases and Gear & Transmission Fluids were much lesser and collectively accounted for remaining volume share in the market.
By End Users (Passenger Vehicle Lubricants, Commercial Vehicle Lubricants, Marine Lubricants and Aviation Lubricants): Commercial and passenger vehicles were the largest consumers of automotive lubricants in Algeria during 2017 and collectively accounted for majority of the market. This is due to the growing transportation and logistics industry and high existing domestic demand in households. The remaining volume share was of marine and aviation lubricants which were mostly imported from abroad.
By Channel of Distribution (OEM Workshops/Service Stations, Dealer Networks and Others): Dealer networks were the leading category under this segmentation with the highest volume share in 2017. This was mainly because of their expertise and knowledge which enables them to advice customers. This increases customer trust and makes dealer networks a preferred channel for sales. Service stations accounted for the second highest market share in 2017. The remaining market was catered by other channels such as supermarkets and online sales.
Algeria Industrial Lubricants Market Segmentation:
By Application (Hydraulic Oils, Industrial Gear Oils, Turbine Oils, Compressor Oils, Greases and Transformer Oils): Hydraulic Oils were the leading category with maximum share by volume in the market in 2017. This is due to their extensive usage in heavy machineries with hydraulic systems. Industrial Gear Oils, which are widely used in machineries operating under extreme temperature pressure, held the second highest share. This was followed by Transformer Oils and Greases. Compressor Oils and Turbine Oils held the lowest market shares because of fairly limited areas of application.
By End Users (Construction, Power Generation, Manufacturing and others): In 2017, construction sector witnessed the maximum consumption of lubricants in Algeria as it involves maximum usage of heavy machinery. The second and third highest market shares were of power generation and manufacturing sectors respectively. Power Generation sector primarily uses transformer oils and engine oils. The least share in the market was held by other industries like plastics, textile, pharmaceuticals and more.
Competitive Landscape: The competition in Algeria lubricant market is fairly concentrated. At present, the lubricants market in Algeria consists with 9 major players in the organized sector dominating the market. Among these, 3 companies account for almost entire volume share of the market. The government owned Sonatrach was the market leader in 2017 followed by Total, Petroser, Shell, Exol, Rebex, Lincoln, Liqui Moly and Bardahl. Competing parameters in the market include number and type of product variants, application areas and channels of distribution.
Algeria Lubricants Market Future Outlook:
The lubricant market of Algeria is expected to grow at a positive CAGR during the period 2017 to 2022. This is primarily due to increasing government expenditure on infrastructure, health, tourism and other industries. The five year plan of government for the period 2015-2019 will witness an exorbitant investment of USD 262 billion into the Algerian economy to boost the non-oil sectors of the country which is expected to make industrial lubricants, the dominating category by 2022. Among industrial lubricants, the demand for lubricants in construction sector is expected to be the highest followed by power generation and other sectors like plastics, textile and pharmaceuticals. The volume share is expected to be the least for manufacturing sector in 2022.
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
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Stakeholders in Algeria Lubricants Market
Algeria Lubricants Market Overview and Genesis
Value Chain Analysis for Algeria Lubricants Market
Algeria Lubricants Market Size
Algeria Lubricants Market Segmentation
Algeria Automotive Lubricants Market Segmentation
Algeria Industrial Lubricants Market Segmentation
Trade Scenario in Algeria Lubricants Market
Trends and Developments in Algeria Lubricants Market
Issues and Challenges in Algeria Lubricants Market
Decision Making Criteria for End Users in Algeria Lubricants Market
Government Regulations and Guidelines in Algeria Lubricants Market
SWOT Analysis for Algeria Lubricants Market
Competitive Scenario in Algeria Lubricants Market
Best Selling Products of Sonatrach, Total, Petroser and Shell
Company Profiles of Major Players in Algeria Lubricants Market
Algeria Lubricants Market Future Outlook and Projections, 2017-2022E
Analyst Recommendations
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