Over the past decade, the volume of lubricants recycled products in France has shown considerable fluctuations. Starting from 2.39 thousand terajoules in 2013, the market saw mixed trends with peaks in 2017 and 2018 at 2.65 thousand terajoules. The lowest point was observed in 2016 at 1.97 thousand terajoules. Despite the volatility, there has been a general upward trend, reaching 2.77 thousand terajoules in 2023.
Year-on-year variations have been significant, with notable shifts such as a 31.91% increase in 2017 and a 17.46% decline in 2020. The Compound Annual Growth Rate (CAGR) for the past five years stands at 0.93%, indicating a modest but steady growth trend. Forecasts predict a continued upward trajectory, with the market expected to grow by 1.6% CAGR over the next five years, reaching 3.07 thousand terajoules by 2028.
Future trends to watch for include advancements in recycling technologies, regulatory changes promoting sustainability, and market demand shifts towards eco-friendly products. These factors are likely to drive further growth and innovation in the lubricants recycled products market in France.
