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African Lubricants Market Attracts Investors to Fulfil Emerging Market Needs

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African Lubricants Market AttractsAfrican Lubricants Market Attracts Investors to Fulfil Emerging Market Needs PR Newswire CAPE TOWN, South Africa, Nov. 12, 2013 - Frost & Sullivan presents case studies and insights at the 2nd ICIS African Base Oils & Lubricants Conference The 2nd ICIS African Base Oils & Lubricants Conference took place at the Southern Sun Cape Sun Hotel in Cape Town last week, 6 and 7 November. The event drew crowds from a number of top chemicals companies, including ExxonMobil, Engen, Chevron, Petronas, Lubrizol, Total, and PetroSA, providing a leading platform for identifying and establishing further insights into the various markets associated with base oils and lubricants across Africa. Anthony Lawrence, Research Analyst for the Chemicals, Materials & Foods (CMF) unit at Frost & Sullivan, delivered a presentation focused on identifying key African Mega Trends influencing both the automotive and industrial lubricants markets on the African continent. Mega Trends not only open up substantial opportunities to companies on a global level, but they also significantly alter the competitive structure of the industries in which companies operate, and the players within them. "In the competitive landscape in South Africa, five tier one petrochemical companies hold between 80 and 90 percent of the industrial lubricants market. These companies include Shell, Chevron, Engen, Total and Castrol," noted Lawrence.

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Published 12 November 2013
Reads 9
Language English
African Lubricants Market Attracts Investors to Fulfil Emerging Market Needs

PR Newswire

- Frost & Sullivan presents case studies and insights at the 2nd ICIS African Base Oils & Lubricants Conference

The 2nd ICIS African Base Oils & Lubricants Conference took place at the Southern Sun Cape Sun Hotel in Cape Town last week, 6 and 7 November. The event drew crowds from a number of top chemicals companies, including ExxonMobil, Engen, Chevron, Petronas, Lubrizol, Total, and PetroSA, providing a leading platform for identifying and establishing further insights into the various markets associated with base oils and lubricants across Africa.