South Africa Mineral Oil Market to 2032
Overview
The South Africa Mineral Oil Market is expected to reach a 67.22 USD Million by 2032 and is projected to grow at a CAGR of 5.72% from 2025 to 2032.
Revenue, 2024 (USD Million)
48.35
Forecast, 2032 (USD Million)
67.22
CAGR, 2024 - 2032
5.72%
Report Coverage
South Africa
South Africa Mineral Oil Market 2018-2032 USD Million
South Africa Mineral Oil Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 48.35 USD Million
- Projected Market Size (2032): 67.22 USD Million
- CAGR (2025-2032): 5.72%
Key Findings of South Africa Mineral Oil Market
- The South Africa Mineral Oil Market was valued at 48.35 USD Million in 2024.
- The South Africa Mineral Oil Market is likely to grow at a CAGR of 5.72% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Pharmaceuticals in Application Segment accounted for the largest share of the market with a revenue of 48.35 USD Million
- The fastest growing segment Lubricants in Application Segment grew Fastest with a CAGR of 6.74% during the forecast period from 2024 to 2032.
South Africa Mineral Oil Market Scope
South Africa Mineral Oil Market Segmentation & Scope
Class
- Naphthenic Oil1
- Aromatic Oil1
- Paraffinic Oil1
Grade
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Industrial Grade
Application
- Coatings/Inks
- Adhesives
- Others
- Textile
- Packaging
- Polymers
- Agriculture
- Tires/Rubbers
- Electrical and Industrial
- Cosmetics & Personal Care
- Lubricants
- Pharmaceuticals
- Food Industry
South Africa Mineral Oil Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 48.35 USD Million |
| Market Value in 2032 | 67.22 USD Million |
| CAGR (2025-2032) | 5.72% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Class,Grade,Application |
Regional Insights:
-
Leading Market (2024-2032): South Africa, leading in terms of revenue 48.35 USD Million in 2024
- Key Country: South Africa, leading in terms of revenue with value of 48.35 USD Million in 2024.
Segments and Scope
-
South Africa Mineral Oil Market to 2032, By Class
- Paraffinic Oil1 is the largest segment in South Africa Mineral Oil Market to 2032 with a revenue of 33.51 USD Million in the year 2024.
- Paraffinic Oil1 is the Fastest growing segment in South Africa Mineral Oil Market to 2032 with a Growth rate of 5.85 % in forecast period 2025-2032.
-
South Africa Mineral Oil Market to 2032, By Grade
- Industrial Grade is the largest segment in South Africa Mineral Oil Market to 2032 with a revenue of 27.16 USD Million in the year 2024.
- Industrial Grade is the Fastest growing segment in South Africa Mineral Oil Market to 2032 with a Growth rate of 6.02 % in forecast period 2025-2032.
-
South Africa Mineral Oil Market to 2032, By Application
- Pharmaceuticals is the largest segment in South Africa Mineral Oil Market to 2032 with a revenue of 48.35 USD Million in the year 2024.
- Lubricants is the Fastest growing segment in South Africa Mineral Oil Market to 2032 with a Growth rate of 5.72 % in forecast period 2025-2032.
South Africa Mineral Oil Market Company Share Analysis
South Africa Mineral Oil Market Geographical Sales Distribution, 2018-2032 USD Million
South Africa Mineral Oil Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Africa Mineral Oil Market is segmented based on Segmentation Class,Grade,Application.
South Africa Mineral Oil Market was valued at USD 48.35(Revenue in USD Million) in 2021.
South Africa Mineral Oil Market is projected to grow at a CAGR of 5.72% during the forecast period of 2024 to 2032.
The Pharmaceuticals segment is expected to dominate the South Africa Mineral Oil Market, holding a largest market share of 48.35 USD Million in 2024
South Africa Mineral Oil Market Scope
South Africa Mineral Oil Market Segmentation & Scope
Class
- Naphthenic Oil1
- Aromatic Oil1
- Paraffinic Oil1
Grade
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Industrial Grade
Application
- Coatings/Inks
- Adhesives
- Others
- Textile
- Packaging
- Polymers
- Agriculture
- Tires/Rubbers
- Electrical and Industrial
- Cosmetics & Personal Care
- Lubricants
- Pharmaceuticals
- Food Industry
Frequently Asked Questions
The South Africa Mineral Oil Market is segmented based on Segmentation Class,Grade,Application.
South Africa Mineral Oil Market was valued at USD 48.35(Revenue in USD Million) in 2021.
South Africa Mineral Oil Market is projected to grow at a CAGR of 5.72% during the forecast period of 2024 to 2032.
The estimated market value of the South Africa Mineral Oil Market for final year is USD 67.22 (USD Million).
South Africa Mineral Oil Market Company Profiling
Frequently Asked Questions
The South Africa Mineral Oil Market is segmented based on Segmentation Class,Grade,Application.
South Africa Mineral Oil Market was valued at USD 48.35(Revenue in USD Million) in 2021.
South Africa Mineral Oil Market is projected to grow at a CAGR of 5.72% during the forecast period of 2024 to 2032.
The estimated market value of the South Africa Mineral Oil Market for final year is USD 67.22 (USD Million).
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.