Ivory Coast Lubricants Market is expected to reach around CFA 170 Billion in terms of Revenues by 2023E: Ken Research

Increasing demand for semi-synthetic and synthetic lubricants is expected to drive the growth in lubricants market of Ivory Coast, especially for industrial lubricants.

Rising contribution of industrial sector to GDP of the country is expected to be the one of the key growth drivers of the market.

Consistent demand from automotive sector in the country is expected to augment growth in the lubricants market of the country.

MoU between Airbus and Government of the Ivory Coast: The MoU was signed to establish a framework of collaboration to support the development of the country’s aerospace industry which has been further identified as a strategic initiative for its economic development. This is expected to contribute to growth in the lubricants market through increased demand from aviation sector and related transportation activities.

Increasing Demand for Industrial Lubricants from End Users: The contribution of the power generation sector in the GDP of Ivory Coast has been constantly rising from the past few years. Moreover, the increasing government expenditure on the development of infrastructure in the country is expected to increase the share of construction sector in the GDP of the country. The heavy machinery so used for these sectors will drive the demand for industrial lubricants in Ivory Coast.

Growing New Passenger Vehicle Registrations in the Ivory Coast: Demand from this sector is expected to remain consistently high, continuing the present trend in the sector. New passenger vehicle registrations are expected to increase from 10,488 vehicles in 2018 to 13,667 vehicles by the year ending 2022, thereby increasing the demand for automotive lubricants. This will augment the growth in the overall lubricants market 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 Distributionbelieve 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.

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:-

Ivory Coast Lubricants Market

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