Nigeria Lubricants Market Outlook to 2022- By Type of Lubricant (Engine Oil, Industrial Oil, Transmission Oil, Marine Oil, Grease and Specialty Lubricants), Type of Applications (Automotive and Industrial), Region (Lagos, Northern Nigeria, Eastern Nigeria and Western Nigeria)

Nigeria Lubricants Market Outlook to 2022- By Type of Lubricant (Engine Oil, Industrial Oil, Transmission Oil, Marine Oil, Grease and Specialty Lubricants), Type of Applications (Automotive and Industrial), Region (Lagos, Northern Nigeria, Eastern Nigeria and Western Nigeria)


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Executive Summary

The report titled "Nigeria Lubricants Market Outlook to 2022- By Type of Lubricant (Engine Oil, Industrial Oil, Transmission Oil, Marine Oil, Grease and Specialty Lubricants), Type of Applications (Automotive and Industrial), Region (Lagos, Northern Nigeria, Eastern Nigeria and Western Nigeria)" provides a comprehensive analysis on the automotive and industrial lubricants industry of Nigeria. The report covers various aspects including introduction on Nigeria Lubricants market, value chain, stakeholders in the market, market size by revenue and volume of domestic consumption (2012-2017), overall lubricants market segmentation on the basis of origin, region, types of lubricants, type of application, automotive lubricants market segmentation on the basis of type of oil, type of end users, type of channel of distribution, industrial lubricants market segmentation on the basis of type of oil, type of end users, type of channel of distribution, competition scenario in the industry, shares and company profiles of major players in the market, regulatory framework, trends, developments, drivers and restraints in the lubricants market and SWOT analysis of the industry. The report also includes future outlook for the market (2017-2022) including estimated market size in terms of revenue and in terms of domestic consumption volume.

Nigeria Lubricants Market

Nigeria Lubricant Market Overview

Market Size
The lubricants market in Nigeria has grown over the years from 2012 to 2017 with the growth in the number of second hand and new passenger and commercial vehicles in the country. Penetration of Used cars and requirement of more frequent lubricant changes in older vehicles as compared to newer models contributed to the volume demand of automotive lubricants in Nigeria. The slowdown in economic growth due to economic recession in 2016 in Nigeria as a result of a drop in oil prices globally, and the state of the foreign exchange market had a serious adverse impact on various Lubricants manufacturing companies’ ability to do business and imposed severe costs on key sectors of the country which further cascaded into all areas of the economy. Even though the total vehicle traffic from all ports decreased substantially from 2014 to 2015, it has been increasing since then. This has added to the demand for marine lubricants in the country. There has also been a gradual change in consumer preferences towards synthetic lubricants in Nigeria with the increase in customer awareness.

Market Segmentation
In 2017, mineral lubricants continued to be the most consumed lubricants in Nigeria followed by synthetic and semi-synthetic lubricants. This was because mineral lubricants are available at a much cheaper price as compared to semi-synthetic and synthetic lubricants which requires additional refining or are prepared in laboratories. In 2017, engine oils had maximum share in lubricants market in Nigeria. These lubricants are largely needed by commercial vehicles and light trucks which need to generate enough power as they are largely used in transport and logistics. This was followed by other lubricants such as Industrial oils, transmission oils, marine oils, grease and specialty lubricants in terms of domestic consumption.
Automotive lubricants, whose market was mainly driven by the demand for engine oils, dominated the market in Nigeria in terms of domestic consumption. The hike in demand for automotive lubricants stems from a rising prominence of the middle class in Nigeria, which has boosted vehicle sales. Also, the Lagos region had the major market share in the Nigeria lubricants market in terms of consumption volume in 2017. Lagos being the most populous city in Nigeria and one of the fastest growing cities in the world had about 12 of the 35 blending plants in the country. This was followed by Northern Nigeria, Eastern Nigeria and Western Nigeria.

Competitive Landscape
The demand of lubricants of domestic market is met by both the global players as well as independent marketers in Nigeria. The global players operating in Nigeria had a major share in the market share in terms of sales volume as compared to the independent marketers. Total Nigeria Plc is the market leader with the highest market share in terms of sales volume in the Nigeria Lubricants Market followed by Ammasco International Limited, 11 Plc, Oando Plc, Tonimas Nigeria Ltd, Forte Oil Plc, Conoil Plc, Lubcon, MRS Oil Nigeria Plc, A-Z Petroleum Products Ltd, Dozzy Oil and Gas, Eterna Plc, Techno Oil Ltd and Ascon Oil Company Ltd. Lubcon was awarded the country’s Lubricant Manufacturing Company of the year at the Guardian Manufacturing Excellence Awards 2017.

Future Outlook
The future outlook of the lubricants industry is positive because as the crude oil prices increase, Nigeria’s economy is expected to grow at a faster rate and hence the purchasing power of people is also expected to increase in the coming years. This would also push Nigeria’s demand for synthetic lubricants, particularly for modern cars. The market is expected to gravitate towards higher-quality, specialized and synthetic lubricants with an increase in end user awareness on the importance of lubricant drains. This can primarily be attributed to pending government legislation regarding emissions, improved engine technology and equipment manufacturers' requirements for fuel efficiency. The grease market, which was earlier dominated by sodium-based products, is gradually evolving to lithium based grease in Nigeria. The market shares of automotive lubricants and industrial lubricants are expected to remain fairly stagnant and the market size for both in expected to increase in terms of consumption volume proportionally. The lubricants market will be driven by the various steps being taken by the government such as initiatives to increase the ease of doing business which will boost manufacturing sector activities, the Nigeria Economic Recovery and Growth Plan (ERGP) to emphasize investment in infrastructure, especially in power, roads, rail, ports and broadband networks and proposed Family Homes Fund is designed to stimulate the construction sector.

Key Segments Covered
By Origin
Mineral Lubricants
Semi-Synthetic Lubricants
Synthetic Lubricants
By Type of Lubricant
Engine Oil
Industrial Oil
Transmission Oil
Marine Oil
Grease
Specialty Lubricants
By Application
Automotive Lubricants
Industrial Lubricants
By Region
Lagos
Northern Nigeria
Eastern Nigeria
Western Nigeria
Automotive Lubricants Market
By Type of Oil
Passenger Car Motor Oil
Heavy Duty Diesel Engine Oil
Hydraulic Oil, Gear Oil and Transmission Fluid
Grease
By End Users
Passenger Vehicle Lubricants
Commercial Vehicle Lubricants
Marine and Aviation Lubricants
By Channel of Distribution
Dealer Network
OEM Workshops and Service Stations
Industrial Lubricants Market
By Type of Oil
Hydraulic Oils
Industrial Gear Oils
Transformer Oils
Turbine Oils and Compressor Oils
Grease
By End Users
Manufacturing
Construction
Power Generation
By Channel of Distribution
Direct Sales
Dealer Network

Key Target Audience
Lubricant Manufacturers
Automotive OEMs
Base Oil Manufacturers
Industrial Products Manufacturers
Lubricants Importers
Lubricant Distributors
PE and VC Fund

Time Period Captured in the Report
2012-2017 - Historical Period
2018-2022 - Future Forecast

Lubricant Manufacturers Covered
Total Nigeria Plc, Ammasco International Limited, 11 Plc, Oando Plc, Tonimas Nigeria Ltd, Forte Oil Plc, Conoil Plc, Lubcon, MRS Oil Nigeria Plc, A-Z Petroleum Products Ltd, Dozzy Oil and Gas, Eterna Plc, Techno Oil Ltd and Ascon Oil Company Ltd

Key Topics Covered in the Report
Introduction on Nigeria Lubricants market
Value Chain
Stakeholders in The Market
Market Size by Revenue and Volume of Domestic Consumption (2012-2017)
Overall Lubricants Market Segmentation on the Basis of Origin, Region, Types of Lubricants And Type of Application
Automotive Lubricants Market Segmentation on the Basis of Type of Oil, Type of End Users, Type of Channel of Distribution
Industrial Lubricants Market Segmentation on the Basis of Type of Oil, Type of End Users, Type of Channel of Distribution
Competition Scenario in the Industry
Shares and Company Profiles of Major Players In The Market
Regulatory Framework
Trends, Developments, Drivers and Restraints in the Lubricants Market
SWOT Analysis
Future Outlook For The Market (2017-2022) Including Estimated Market Size in Terms of Revenue and in Terms of Volume of Domestic Consumption



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1. Executive Summary

Market Overview
Market Size
Market Segmentation for Nigeria Lubricants Market
Market Segmentation for Nigeria Automotive Lubricants Market
Market Segmentation for Nigeria Industrial Lubricants Market
Competitive Landscape
Future Outlook of Nigeria Lubricants Market

2. Appendix

2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling

Consolidated Research Approach
Market Sizing – NIGERIA Lubricant Market
Limitations

3. Nigeria Lubricants Market Overview

3.1. Nigeria Lubricants Market Overview
3.2. Value Chain
3.3. Stakeholders in Nigeria Lubricants Market Ecosystem

4. Nigeria Lubricants Market Size, 2012-17

5. Nigeria Lubricants Market Segmentation, 2017

5.1. Nigeria Lubricants Market Segmentation By Origin
5.2. Nigeria Lubricants Market Segmentation By Type of Lubricant
5.3. Nigeria Lubricants Market Segmentation By Type of Application
5.4. Nigeria Lubricants Market Segmentation By Region

6. Nigeria Automotive Lubricants Market Segmentation

6.1. Nigeria Automotive Lubricants Market Segmentation By Type of Oil
6.2. Nigeria Automotive Lubricants Market Segmentation By Type of End Users
6.3. Nigeria Automotive Lubricants Market Segmentation By Type of Channel of Distribution

7. Nigeria Industrial Lubricants Market Segmentation

7.1. Nigeria Industrial Lubricants Market Segmentation By Type of Oil
7.2. Nigeria Industrial Lubricants Market Segmentation By Type of End Users
7.3. Nigeria Industrial Lubricants Market Segmentation By Type of Channel of Distribution

8. Competition Scenario

8.1. AMMASCO International Limited
8.2. Total Nigeria Plc
8.3. Oando Plc
8.4. Tonimas Nigeria Limited
8.5. Lubcon
8.6. 11 Plc

9. Best Selling Products

9.1. Exxon Mobil
9.2. Total Nigeria Plc
9.3. Forte Oil
9.4. Oando Plc
9.5. MRS Oil Nigeria Ltd

10. Regulatory Framework

11. Trends, Developments, Drivers and Restraints in Nigeria Lubricants Market

11.1. NNPC to Market its Own Lubricants
11.2. Huge Dependency on Base Oil Importation
11.3. Import of Low Quality of Finished Lubes
11.4. Electric Cars
11.5. Price Sensitive Market and Lack of Consumer Education
11.6. Increasing Demand for Synthetic Lubricants

12. SWOT Analysis of Nigeria Lubricants Market

13. Nigeria Lubricants Market Future Outlook and Projections, 2017-2022E

13.1. Nigeria Lubricants Market Size, 2017-22
13.2. Nigeria Lubricants Market Segmentation, 2017-22

13.2.1. Nigeria Lubricants Market Segmentation by Origin
13.2.2. Nigeria Lubricants Market Segmentation by Type of Lubricant

14. Analyst Recommendation

Disclaimer
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Figure 1-1: Executive Summary of Nigeria Lubricants Market
Figure 2-1: Value Chain Analysis for Nigeria Lubricants Market, 2017
Figure 4-1: Nigeria Lubricants Market Size on the Basis of Revenue in NGN Billion and Growth Rate in Percentage, 2012-17
Figure 4-2: Nigeria Lubricants Market Size on the Basis of Domestic Consumption in Million Litres and Growth Rate in Percentage, 2012-17
Figure 5-1: Nigeria Lubricant Market Segmentation by Origin (Mineral, Semi-Synthetic and Synthetic Lubricant) in Terms of Consumption Volume in Percentage, 2017
Figure 5-2: Nigeria Lubricant Market Segmentation by Type of Lubricant (Engine Oil, Industrial Oil, Transmission Oil, Marine Oil, Grease and Specialty Lubricants) in Terms of Consumption Volume in Percentage, 2017
Figure 5-3: Nigeria Lubricant Market Segmentation by Type of Application (Automotive and Industrial Lubricants) in Terms of Consumption Volume in Percentage, 2017
Figure 5-4: Nigeria Lubricant Market Segmentation by Region (Lagos, Northern Nigeria, Eastern Nigeria and Western Nigeria) in Terms of Consumption Volume in Percentage, 2017
Figure 6-1: Nigeria Automotive Lubricant Market Segmentation by Type of Oil (Passenger Car Motor Oil, Heavy Duty Diesel Engine Oil, Hydraulic Oil, Gear Oil and Transmission Fluid and Grease) in Terms of Consumption Volume in Percentage, 2017
Figure 6-2: Nigeria Automotive Lubricant Market Segmentation by Type of End Users (Passenger Vehicles, Commercial Vehicles and Marine and Aviation) in Terms of Consumption Volume in Percentage, 2017
Figure 6-3: Nigeria Automotive Lubricant Market Segmentation by Type of Distribution Channel (Dealer Network and OEM Workshops / Service Stations) in Terms of Consumption Volume in Percentage, 2017
Figure 7-1: Nigeria Industrial Lubricant Market Segmentation by Type of Oil (Hydraulic Oils, Industrial Gear Oils, Transformer Oils, Turbine Oils and Compressor Oils and Grease) in Terms of Consumption Volume in Percentage, 2017
Figure 7-2: Nigeria Industrial Lubricant Market Segmentation by Type of End Users (Manufacturing, Construction and Power Generation) in Terms of Consumption Volume in Percentage, 2017
Figure 7-3: Nigeria Industrial Lubricant Market Segmentation by Type of Channel of Distribution (Direct Sales and Dealer Network) in Terms of Consumption Volume in Percentage, 2017
Figure 8-1: Nigeria Lubricant Market Segmentation by Type of Player (Major Players and Independent Marketers) in Terms of Consumption Volume in Percentage, 2017
Figure 8-2: Market Share of Players by Sales Volume in Nigeria Lubricants Market in Percentage, 2017
Figure 8-3: Revenue from Lubricants and Others of Total Nigeria Plc, 2014-17
Figure 8-4: Sale of Total Lubricants of Total Nigeria Plc, 2014-2017
Figure 13-1: Future Projection for Nigeria Lubricants Market Size by Revenue in NGN Billion and Growth rate in Percentage, 2017-22
Figure 13-2: Future Projection for Nigeria Lubricants Market Size by Domestic Consumption in Million Litres and Growth Rate in Percentage, 2017-22
Figure 13-3: Nigeria Lubricants Market Segmentation by Origin in Terms of Domestic Consumption Volume in Percentage, 2017-22
Figure 13-4: Nigeria Lubricants Market Segmentation by Type of Lubricant in Terms of Domestic Consumption Volume in Percentage, 2017-22

Table 3-1: Nigeria Lubricants Market Overview including Genesis, Country’s Economy, Market Stage, Trade Scenario, End User, Major Products, Competitive Scenario and Growth Drivers
Table 3-2: Value Chain Analysis of Nigeria Lubricants Market
Table 3-3: Nigeria Lubricants Market Ecosystem
Table 3-4: List of Lube Blending Plants in Nigeria, 2017
Table 4-1: Rationale and Description for Nigeria Lubricants Market Size on the Basis of Revenue and Domestic Consumption, 2012-17
Table 5-1: Rationale and Description for Nigeria Lubricant Market Segmentation by Origin Including Mineral, Semi-Synthetic and Synthetic Lubricants in Terms of Consumption Volume in Million Litres, 2017
Table 5-2: Rationale and Description for Nigeria Lubricant Market Segmentation by Type of Lubricant Including Engine Oil, Industrial Oil, Transmission Oil, Marine Oil, Grease and Specialty Lubricants in Terms of Consumption Volume in Million Litres, 2017
Table 5-3: Rationale and Description for Nigeria Lubricant Market Segmentation by Type of Application Including Automotive and Industrial Lubricants in Terms of Consumption Volume in Million Litres, 2017
Table 5-4: Rationale and Description for Nigeria Lubricant Market Segmentation by Region Including Lagos, Northern Nigeria, Eastern Nigeria and Western Nigeria in Terms of Consumption Volume in Million Litres, 2017
Table 6-1: Rationale and Description for Nigeria Automotive Lubricant Market Segmentation by Type of Oil Including Passenger Car Motor Oil, Heavy Duty Diesel Engine Oil, Hydraulic Oil, Gear Oil and Transmission Fluid and Grease in Terms of Consumption Volume in Million Litres, 2017
Table 6-2: Rationale and Description for Nigeria Automotive Lubricant Market Segmentation by Type of End Users Including Passenger Vehicles, Commercial Vehicles and Marine and Aviation in Terms of Consumption Volume in Million Litres, 2017
Table 6-3: Rationale and Description for Nigeria Automotive Lubricant Market Segmentation by Type of Channel of Distribution Including Dealer Network and OEM Workshops / Service Stations in Terms of Consumption Volume in Million Litres, 2017
Table 7-1: Rationale and Description for Nigeria Industrial Lubricant Market Segmentation by Type of Oil Including Hydraulic Oils, Industrial Gear Oils, Transformer Oils, Turbine Oils and Compressor Oils and Grease in Terms of Consumption Volume in Million Litres, 2017
Table 7-2: Rationale and Description for Nigeria Industrial Lubricant Market Segmentation by Type of End Users Including Manufacturing, Construction and Power Generation in Terms of Consumption Volume in Million Litres, 2017
Table 7-3: Rationale and Description for Nigeria Industrial Lubricant Market Segmentation by Type of Channel of Distribution Including Direct Sales and Dealer Network in Terms of Consumption Volume in Million Litres, 2017
Table 8-1: Competition Scenario in Nigeria Lubricants Market Including Competition Stage, Company Position and Parameters of Competition
Table 8-2: Rationale and Description for Nigeria Lubricant Market Segmentation by Type of Player Including Major Players and Independent Marketers in Terms of Consumption Volume in Million Litres, 2017
Table 8-3: Strengths of Players in Nigeria Lubricants Market, 2017
Table 8-4: Sales of Lubricants in Million Litres of Various Companies, 2017
Table 8-5: Revenue from Lubricant Sales in 000' Naira of Various Companies, 2012-2017
Table 8-6: Company Profile of Ammasco International Limited Including Company Overview, Location, Production Capacity, Services Offered, Filling Stations and Area Offices, Associated Companies and Strengths
Table 8-7: Product Portfolio of Ammasco International Limited
Table 8-8: Company Profile of Total Nigeria Plc Including Company Overview, Location, Services, Number of Employees, Distributors, USP, Strengths, Quality Control and Recent Developments
Table 8-9: Product Portfolio of Total Nigeria Plc
Table 8-10: Company Profile of Oando Plc Including Company Overview, Revenue, Production Capacity, Services Offered and Strengths
Table 8-11: Product Portfolio of Oando Plc
Table 8-12: Company Profile of Tonimas Nigeria Limited Including Company Overview, Location, Employees and Sections and Strengths
Table 8-13: Product Portfolio of Tonimas Nigeria Limited
Table 8-14: Company Profile of Lubcon Including Company Overview, Location, USP, Marketing, Strengths and Recent Developments
Table 8-15: Company Profile of 11 Plc Including Company Overview, Services Offered, Estimated Revenue, Volume of Sales, Weakness, Strengths and Recent Developments
Table 8-16: Product Portfolio of 11 Plc
Table 9-1: Best Selling Lubricants of Exxon Mobil in Nigeria Lubricants Market on the Basis of Product Name, Best Packaging and Price, 2017
Table 9-2: Best Selling Lubricants of Total Nigeria Plc in Nigeria Lubricants Market on the Basis of Product Name, Best Packaging and Price, 2017
Table 9-3: Best Selling Lubricants of Forte Oil in Nigeria Lubricants Market on the Basis of Product Name and Best Packaging, 2017
Table 9-4: Best Selling Lubricants of Oando Plc in Nigeria Lubricants Market on the Basis of Product Name and Best Packaging, 2017
Table 9-5: Best Selling Lubricants of MRS Oil Nigeria Ltd in Nigeria Lubricants Market on the Basis of Product Name and Best Packaging, 2017
Table 1- 1: SWOT Analysis of Nigeria Lubricants Market
Table 13-1: Nigeria Lubricants Market Future Outlook and Projections, 2017-2022E
Table 13-2: Nigeria Lubricants Market Segmentation by Origin (Mineral, Synthetic and Semi-Synthetic) along with Domestic Consumption Volume in Million Litres and Key Takeaways, 2017-22
Table 13-3: Nigeria Lubricants Market Segmentation by Type of Lubricant along with Domestic Consumption Volume in Million Litres and Key Takeaways, 2017-22
Table 14-1: Analyst Recommendations for Nigeria Lubricant Market

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Total Nigeria Plc, Ammasco International Limited, 11 Plc, Oando Plc, Tonimas Nigeria Ltd, Forte Oil Plc, Conoil Plc, Lubcon, MRS Oil Nigeria Plc, A-Z Petroleum Products Ltd, Dozzy Oil and Gas, Eterna Plc, Techno Oil Ltd and Ascon Oil Company Ltd

By Origin (Mineral Lubricants, Semi-Synthetic Lubricants and Synthetic Lubricants), By Type of Lubricant (Engine Oil, Industrial Oil, Transmission Oil, Marine Oil, Grease and Specialty Lubricants), By Application (Automotive Lubricants and Industrial Lubricants), By Region (Lagos, Northern Nigeria, Eastern Nigeria and Western Nigeria), Automotive Lubricants Market (By Type of Oil (Passenger Car Motor Oil, Heavy Duty Diesel Engine Oil, Hydraulic Oil, Gear Oil and Transmission Fluid and Grease), By End Users (Passenger Vehicle Lubricants, Commercial Vehicle Lubricants, Marine and Aviation Lubricants), By Channel of Distribution (Dealer Network, OEM Workshops and Service Stations)), (Industrial Lubricants Market (By Type of Oil (Hydraulic Oils, Industrial Gear Oils, Transformer Oils Turbine Oils and Compressor Oils and Grease), By End Users (Manufacturing, Construction and Power Generation), By Channel of Distribution (Direct Sales and Dealer Network)

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