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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