African Engine Oil Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research
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African Engine Oil Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research
The African engine oil market is expected to reach around 870 , 710.3 kilo liters by 2024 . Rise in ‘ automobile ’ sales across Algeria , Egypt , South Africa , and Morocco should drive the market in the coming eight years ( 2016 to 2024 ). Moreover , increasing consumer spending capacities can augment market growth .
The African engine oil market is also expanding due to the availability of ‘ high performance ’ raw materials , like group II and III base stocks . Base oil production was over 51 % in the recent past . Of this , some was imported , while around 20 % completed using recycled base .
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