The lubricant market for textile and leather applications without petroleum oil in Argentina reflects fluctuating per capita value dynamics from 2013 to 2023. In 2023, the value stood at $1.43, recovering from the 2020 dip of $1.18. Year-on-year growth showed a stabilization with minor fluctuations over recent years. A decline from the peak value of $1.57 in 2014 to a low in 2020 was noted, driven by economic challenges impacting demand. The Compound Annual Growth Rate (CAGR) for the last five years indicates a moderate recovery trend.
Future market trends to watch for include technological advancements leading to more sustainable formulations, potential economic shifts affecting industrial output in textiles and leather, and evolving environmental regulations influencing market dynamics.
