Ivory Coast Lubricants Market is expected to register a positive CAGR of 10.5% in terms of revenue in next 5 years: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “Growth in the sales of passenger as well as commercial vehicles coupled with increase in construction activity has led to rising domestic consumption of lubricants in Ivory Coast.” Analysts at Ken Research in their latest publication “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” believe that developing industrial lubricants for construction and mining based applications, improving sales and promotion/advertising of lubricants and upgrading production equipment with increased focus on energy efficiency and input-output quality will aid the lubricants market in the Ivory Coast. The market is expected to register a positive CAGR of 10.5% in terms of revenue and a CAGR of 6.7% in terms of sales volume / domestic consumption of lubricants during the forecast period of 2018–2023. Positive Developments in the Automotive Industry: Increased vehicle sales have driven the lubricants market by augmenting demand from the automotive sector, which has the dominant share in the Ivory Coast lubricants market. The country witnessed an increase in sales of new passenger cars from 7,624 units in 2013 to 9,796 units in 2017. The sales of commercial vehicles increased from 2,100 units in 2015 to 2,681 units in 2017. Furthermore, the MoU agreement between the government of Ivory Coast and AirBus led to expansion in the aviation industry of the Ivory Coast in between 2013-2018 which caused high growth in the consumption of the aviation based automotive lubricants. Increasing Demand for Synthetic and Semi-Synthetic Lubricants: While mineral oil based lubricants account for majority of the demand for lubricants in Ivory Coast due to their economical price, the demand for synthetic and semi-synthetic lubes has been rising due to increasing awareness of their multiple benefits. This includes their physical properties such as high Viscosity Index (VI), high level of thermal stability, low freezing point, high boiling point and others, thereby helping to reduce friction between surfaces of machinery parts and the rate of wear-and-tear. This improves the productivity, and hence longevity, of machinery/equipment. Production of Crude Oil an Influencing Factor: Crude oil production in Ivory Coast increased from 9,191,820 barrels in 2013 to 10,735,143 barrels in 2015 which increased the production capacity of the lubricant industry as the production of base oil raised along with the products getting cheaper for multiple lubricant companies. However, the production was witnessed to decrease from 15,425,895 barrels in the year 2016 to 12,440,504 barrels in 2017. This created a negative impact on the production volume, hence leading to a decline in the lubricant market revenues. Increasing demand of specialized industrial oils including cutting oils, chain oils, hydraulic oils, corrosion preventives, cleaners and heat treaters are potential industrial sub-segments with better prices as well as margins. These lubes are majorly used by manufacturing sector such as automotives, machinery and metals. Lubricant manufacturers were observed to enter the market segment and other players are also expected to enter this space in the near future. Lubricants help in reducing the downtime due to frequent oil changes, maintenance and components failures. Keywords:- Côte d’Ivoire Lubricants Market Lubricants Market Ivory Coast Lubricants Ivory Coast Motor Oils Market Ivory Coast Hydraulic Oils Market Ivory Coast Greases Market Ivory Coast Gear Oils Market Ivory Coast Turbine Oils Market Ivory Coast Ivory Coast Construction Sector Ivory Coast Manufacturing Sector Vivo Energy Lubricants Ivory Coast Total Lubricants Ivory Coast Petro Ivorie Lubricants Ivory Coast Lubricant Exports Ivory Coast Lubricant Imports Ivory Coast Lubricants Trends Ivory Coast Lubricants Issues Ivory Coast Lubricants Challenges Ivory Coast Ivory Coast Lubricants SWOT Ivory Coast Lubricants Competition Ivory Coast Lubricants Future 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 For more information on the research report, refer to below link:- Ivory Coast Lubricants Market All Lubricants Market Research Reports:- Lubricant Industry Research Reports Related Reports:- 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) UAE Lubricants Market Outlook to 2022 – By Automotive (Heavy Duty Diesel Engine Oils, Passenger Car Motor Oils, Hydraulic Oils, Gear Oils, Greases and Transmission Fluids) and Industrial Lubricants (Hydraulic Oils, Industrial Gear Oils, Greases, Compressor Oils, Turbine Oils and Transformer Oils) 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) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Tags: Automotive Gear Oils Market Ivory Coast, Automotive Greases Market Ivory Coast, Automotive Lubricants Market Ivory Coast, Compressor Oils Market Ivory Coast, Corlay (Texaco/Chevron) Lubricants Market Ivory Coast, Côte d’Ivoire Lubricants Market, Decision Making Lubricants Ivory Coast, Diesel Engine Oils Market Ivory Coast, Gear Oils Market Ivory Coast, Greases Market Ivory Coast, Heavy Duty Oils Market Ivory Coast, Hydraulic Oils Market Ivory Coast, Industrial Gear Oils Market Ivory Coast, Industrial Greases Market Ivory Coast, Industrial Lubricants Market Ivory Coast, Industrial Oils Market Ivory Coast, Industry Research Report Of Ivory Coast Lubricants Market, 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