In 2023, the lubricants available for final consumption in Italy stood at an estimated 481.19 Thousand Tonnes of Oil Equivalent. The forecast data indicates a steady decline from 2024 to 2028, with year-on-year percentage decreases approximately hovering around 1% annually. This trend suggests a continuous, albeit slight, reduction in lubricant consumption due to improvements in lubricant efficiency and possibly an ongoing transition towards electric vehicles which require fewer lubricants.
Future trends to watch for include:
- Emerging technologies in lubricant formulations that could extend their lifespan.
- The impact of sustainable and biodegradable lubricant alternatives.
- Legislation changes aimed at reducing carbon footprints and their impact on lubricant demand.
- Advances in electric vehicle adoption in Italy potentially reducing lubricant needs.