The Market Shares Of Automotive Lubricants And Industrial Lubricants In Nigeria Lubricants Market Is Expected To Remain Fairly Stagnant And The Market Size For Both Is Expected To Increase In Terms Of Consumption Volume Proportionally – Ken Research Nigeria Lubricants Market Ecosystem The Nigeria Lubricants market is moderately fragmented with major global and national players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies… Read More »
Nigeria Lubricants Market are supposed to reach ~ kilo ton by 2027, registering a growth of ~% owing to an increasing demand for expanding wind energy sector & rising demand for high performance lubricants – Ken Research Increasing drain intervals in the automotive and industrial sectors & slowdown in the automotive industry are expected to hinder the growth of the market. Wind Energy sector to dominate demand: Gear oils find application in wind turbines for lubrication of the main gearbox and other gear motor components. The lubricant requirements in wind turbine gearboxes… Read More »
Nigeria Lubricants Market Is Predicted To Propel Owing To Growth In Purchasing Power Of People: Ken Research Buy Now The lubricant market in Nigeria has grown-up over the years from 2012 to 2017 with the growth in the number of second hands and new passenger and commercial vehicles around the country. Penetration of Used cars and the demand of more frequent lubricant deviates in older vehicles as associated to newer models contributed to the… Read More »
Nigeria Lubricants Market is Driven by the Demand for Conventional Lubricants and Engine Oil with Major Demand Coming for Mineral based Lubricants: Ken Research Recovery of the economy due to increase in crude oil prices, retrofitting of old ships to keep them operational along with the rising marine trade, rising prominence of the middle class in Nigeria with a boost in vehicle sales and the increase in power demand in the country has driven the growth of lubricants market… Read More »
Nigeria Lubricants Market Outlook to 2022: Ken Research 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… Read More »
