The
report titled “Ivory
Coast Lubricants Market Outlook to 2023 - By Origin (Mineral, Semi-Synthetic
and Synthetic), By Automotive Lubricants (Heavy Duty Diesel Engine Oils,
Passenger Car Motor Oils, Hydraulic Oils, Gear Oils, Transmission Fluids and
Greases) and Industrial Lubricants (Hydraulic Oils, Industrial Gear Oils,
Turbine Oil, Compressor Oils, Greases, Transformer Oils And Industrial Greases),
By Automotive and Industrial End Users and By Channels of Distribution” provides a comprehensive analysis on the automotive
and industrial lubricants industry of Ivory Coast. The report covers various
aspects including introduction on Ivory Coast lubricants market, value chain, market
size by revenue as well as sales volume, overall lubricants market segmentation
by origin, by type of automotive as well as industrial lubricants, by end users
and by channels of distribution; competition scenario in the industry, shares
and company profiles of major players in the market, growth drivers, trends and
developments, issues and challenges in the lubes market and the regulatory
framework of the industry. The report
concludes with market projection for future described above and analyst
recommendations highlighting the major opportunities and cautions.
Ivory Coast
Lubricants Market Overview and Size
The
lubricants market of Ivory Coast was observed to be in its growth stage majorly
due to rapid industrialization and growing sales volume of vehicles in the
country thereby, driving the demand for lubricants in the country. Presently, the
Ivory Coast lubricants market is importing base oil due to lack in terms of
technology to extract base oil from crude oil. Over the past few years, the
country has witnessed a high demand for mineral based lubricant type owing to
their low economical price range especially in the automotive segment, where
majority of the sales of automotive lubricants took place through OEM networks
in the country. The market observed a robust growth in terms of production
volume and consumption in domestic market over the review period.
Ivory Coast
Lubricants Market Segmentation
By Origin (Mineral, Semi-Synthetic, and
Synthetic): Mineral based lubricants in
the Ivory Coast lubricants market dominated as the lube type is available at a
lower price which induces end users to pick mineral lubricants over synthetic and
semi-synthetic lubricants.
By Application (Automotive and Industrial): Automotive
lubricants had a greater presence in Ivory Coast on the basis of sales volume in
2018. Passenger car vehicles and commercial vehicles were the dominant category
under automotive lubricants market. On the other hand, industrial lubricants had
limited presence in the country.
Ivory Coast Automotive Lubricants Market
Segmentation
By Application (Passenger Car Motor Oils, Heavy
Duty Diesel Engine Oils, Hydraulic Oils, Greases, Gear Oils and Transmission
Fluids): Passenger car motor oils were
witnessed to dominate the automotive lubricants market of Ivory Coast, followed
by heavy duty diesel engine oils in the year 2018. Passenger car engine oil was
on the top of chart for the reason that the car sales increased at a very high
rate.
By Automotive End Users (Passenger Vehicle
Lubricants, Commercial Vehicle Lubricants, Marine Lubricants and Aviation
Lubricants): Passenger vehicles were the
biggest consumers of automotive lubes over the years as the per capita income
of people of Ivory Coast has increased thus, leading to increase sales of
passenger vehicles in the country. Expansion in the marine and aviation sector
lead to increase in consumption of aviation and marine lubricants.
By Channel of Distribution (OEM Workshops/Service
Stations/Local Workshops, Retail Stores and Dealer Network): OEM workshops, service stations, local shops and
other retail stores accounted the maximum sales of automotive lubricants in the
Ivory Coast as they are a one stop destination for multiple automotive
maintenance services. On the other hand, dealer network had a limited presence
in terms of auto lubes in the country.
Ivory Coast Industrial Lubricants Market
Segmentation
By Application (Hydraulic Oils, Industrial Gear
Oils, Turbine Oils, Compressor Oils, Greases and Transformer Oils): Within industrial lubricants segment in the
Ivory Coast, hydraulic oil had a major presence in the country. Hydraulic oils
help in lubricating machines which convey smooth transmission of power across
different parts of the machinery. Other industrial lubes include industrial
gear oil, turbine oil, compressor oil, greases and transformer oil.
By Industrial End Users (Construction, Power
Generation, Manufacturing and Others):
Power generation, mining and quarry sector accounted for a higher share in
Ivory Coast industrial lubricants market followed by the construction sector in
2018. Industrialization was the main driving factor of increased use of
lubricants in power generation, mining and quarry sector.
By Channel of Distribution (Direct Sales and Dealer
network): Companies in the Ivory Coast prefer selling
lubricants directly to end-users and customers then via dealers as payments are
highly irregular from dealer network.
Ivory Coast Lubricants Market Competitive
Landscape
Competition
stage in Ivory Coast lubricants market was witnessed to be moderately
concentrated along with the presence of two major groups GPP (Group of
Petroleum professionals) and APCI (Professional Association of Oil companies in
Ivory Coast). GPP consist of companies such as Total, Vivo Energy, Corylay,
Oryx Energy, Ola Energy and Petro Ivorie, out of which Total and Vivo dominate
the country’s lubes market in the year 2017. On the other hand APCI consists of
16 small companies.
Ivory Coast Lubricants Market Future Outlook
The
Ivory Coast lubricants market is expected to grow at a positive double digit
CAGR during the forecast period 2018-2023. Growth in the market is expected to
be driven by government investment in infrastructure and growth in the
industrial sector. Also, positive developments in the automotive sector, such
as increasing sales of passenger vehicles and the MoU signed by Airbus and the
Government of Ivory Coast, will also augment the growth in the market. Increase
in usage of automotive and industrial machinery in the country and the growing
purchasing power of customers are expected to positively drive lubricant sales
in the Ivory Coast.
By Application (Automotive and Industrial): In terms
of application, it is expected that automotive
lubricants will still be the leading category in the country however, the share
of industrial lubricants will grow in the near future. Within the automotive segment,
it is expected that passenger vehicles will still account for the highest share
whereas power generation/mining/quarrying will be the leading category under
the industrial lubricants segment over the long term.
Key Segments Covered:-
Basis of Origin-
Mineral
Oil
Semi-Synthetic
Oil
Synthetic
Oil
Type-
Automotive
Lubricants
Industrial
Lubricants
Automotive Lubricant Type:-
Type of Oil-
Passenger
Car Motor Oils
Heavy Duty
Diesel Engine Oils
Hydraulic
Oils
Gear Oils
& Transmission Fluids
Greases
End User-
Passenger
vehicles
Commercial
vehicles
Marine
Aviation
Distribution Channel-
OEM
Workshops / Service Stations / Local Workshops / Retail Stores
Dealer
Network
Industrial Lubricant Type:-
Type of Oil-
Hydraulic
Oils
Industrial
Gear Oils
Compressor
oils
Transformer
oils
Turbine
Oil
Industrial
Greases
End Users-
Power
generation, Mining and Quarry
Construction
Manufacturing
Others
(General Manufacturing, Textile and Chemicals, Engineering Equipment,
Automotive Sector, Iron and Non-Iron Production, Cement and Rest)
Distribution Channel-
Direct
Sales
Dealer
Network
Key Target Audience:-
Automobile
Manufacturers
Plastic
Manufacturers
Metal
Working Companies
Auto
And Auto Component Manufacturers
Construction
Companies
Textile
Companies
Cement
Companies
Mining
Companies
Paper
and Pulp Manufacturers
Power
Generation Companies
Steel
Manufacturers
Food
& Beverage Companies
Time Period Captured in the Report:-
Historical Period – 2012-2018
Forecast Period – 2018-2023
Companies Covered:-
GPP
(Group of Petroleum Professionals)
Total
Vivo
Corlay
Libya
Oil (Mobil)
Petro
Ivorie
Oryx
Energies
APCI
(Professional Association of Oil companies in Ivory Coast
Independents
and Self Importers
Key Topics Covered in the Report:-
Executive
Summary
Research
Methodology
Stakeholders
in Ivory Coast Lubricants Market
Ivory
Coast Lubricants Market Overview and Genesis
Value
Chain Analysis For Ivory Coast Lubricants Market
Ivory
Coast Lubricants Market Size, 2012-2018
Ivory
Coast Lubricants Market Segmentation, 2018
Ivory
Coast Automotive Lubricants Market Segmentation
Ivory
Coast Industrial Lubricants Market Segmentation
Regulatory
Landscape in the Ivory Coast Lubricants Market
SWOT
Analysis for Ivory Coast Lubricants Market
Trends
and Developments in the Ivory Coast Lubricants Market
Issues
and Challenges in the Ivory Coast Lubricants Market
Decision
Making Criteria For End Users in Ivory Coast Lubricants Market
Competitive
Landscape in the Ivory Coast Lubricants Market
Best
Selling Products of Major Players (Total, Vivo Energy, Corlay, Petro Ivorie and
Oryx Energies)
Ivory
Coast Lubricants Market Future Outlook and Projections, 2018P-2023E
Analyst
Recommendations
For more information on the research report, refer to
below link:-
All
Lubricants Market Research Reports:-
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Reports:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
