Uganda Lubricants Market is majorly driven by growth in the Automotive Sector of the Country: Ken Research

“Growth in sales of cars and motorcycles coupled with increase in manufacturing activities has led to rising domestic consumption of lubricants in Uganda Year-On-Year.

Analysts at Ken Research in their latest publication “Uganda Lubricants Market Outlook to 2023 – By Basis of Origin (Mineral, Semi-Synthetic and Synthetic), By Type (Automotive Lubricants and Industrial Lubricants), By Automotive and Industrial Product Types, By Automotive and Industrial End Users and By Automotive and Industrial Channels of Distributionbelieve that increasing production of synthetic and semi-synthetic lubricants, building brand image / investing towards marketing activities, developing facilities for refining of used oil, recycling and effective disposal, expanding dealer networks, focusing on industrial lubricants and investment in R&D will aid the lubricants market demand in Uganda. The market is expected to register a positive CAGR of 17.1% in terms of revenue and a CAGR of 14.8% in terms of sales volume during the forecast period of 2018–2023.

Growing Vehicle Sales in Uganda: Increased sales of passenger vehicles and Motor-cycles have majorly driven the demand for automotive lubricants market in Uganda. Demand from this sector is expected to remain consistently high in the near future, following the present trend in the sector. The country witnessed an increase in new motorcycle registrations from 66,300 in 2012 to 93,894 in 2018, thereby leading to high usage of automotive lubricants especially passenger car motor oils, heavy duty diesel engine oils, hydraulic oils and others. In addition to that, the government of Uganda ordered 4 CRJ900 planes from Canadian aircraft manufacturer and is also expected to launch their own national airlines in the near future which will boost the demand for aviation-based lubricants in the country.

Increasing Demand for Synthetic and Semi-Synthetic Lubricants: While mineral oil based lubricants account for majority of the demand for lubricants in Uganda due to their economical price, the demand for synthetic and semi-synthetic lubes has been rising due to increasing awareness of their multiple benefits and the consumers considering good quality lubricants for their vehicles. 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 and cars.

Increasing Usage of Recycled Lubricant Oils: The trend of using cheap recycled lubricants instead of the expensive imported lubricants (due to low disposable incomes of the people in the country) has been increasing in Uganda since 2015. The domestic production of recycled lubricants has also impacted the market as now sellers have started selling recycled lubricants in the country. The re-packaging of these used / recycled lubes affects the market demand largely and reduces the trustworthiness of companies operating in the lubricants segment. The fake oil is produced from waste lubricants and machine oil, which is bought cheaply from various fuel stations in Kampala and are further, recycled and repackaged for sale as clean lubricants. Major players such as total and Shell were alleged by lube end users that their lube oil was not performing as expected, thereby affecting their financial performance.

Uganda Lubricants Industry

Keywords:-

Uganda Lubricants Market

Uganda Lubricants Market Research Report

Uganda Lubricants Market Revenue

Uganda Lubricants Market Sales Volume

Uganda Lubricants Market Companies

Uganda Lubricants Market Insights

Hydraulic Oils Market Uganda

Greases Market Uganda

Gear Oils Market Uganda

Industrial Oils Market Uganda

Turbine Oils Market Uganda

Uganda Construction Sector

Uganda Manufacturing Sector

Uni Oil Lubricants Market

Libya Oil Lubricants Market

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 and Motorcycle Oils

Heavy Duty Diesel Engine Oils

Hydraulic Oils

Gear Oils & Transmission Fluids

Greases

End User

Passenger Vehicles and Motorcycles

Commercial Vehicles

Marine

Aviation

Distribution Channel

OEMs (B2B)

Dealer Network (OEM Workshops /Service Stations /Local Workshops) (B2C)

Industrial Lubricant Type

Type of Oil

Hydraulic Oils

Industrial Gear Oils

Compressor oils

Transformer oils

Turbine Oil

Industrial Greases

End Users

Manufacturing

Construction

Power generation

Others (Agriculture, Mining and Mass Roadways Transport)

Distribution Channel

Direct Sales

Dealer Network

Key Target Audience:-

Lubricant Manufacturers, Distributors and Importers

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 – 2019-2023

Companies Covered:-

Total

Vivo Energy

Chevron

Mogas

ENOC

KenolKobil

Petrocity

Oryx Energies

Hass Petroleum

Other Players (Habib Oil, Ravoline, Potenza, Uni Oil, Libya Oil, Mount Meru and other recycled lubricant manufactures  i.e. other local blenders)

For more information on the research report, refer to below link:-

Uganda Lubricants Market

Related Reports:-

Saudi Arabia Lubricants Market Outlook to 2023 – By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial lubricants (Engine Oils, Turbine oils, Hydraulic oils, Industrial Gear oils, Transformer oils, Compressor oils, Greases) By Origin (Mineral, Synthetic and Semi-Synthetic)

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

India Industrial Lubricants Market Outlook to 2023 – Expected Tailwinds from Construction, Automotive and Tire Manufacturing along with Surging Penetration from International Companies

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

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