The Romanian lubricant market, excluding textile and leather applications and composed of less than 70% petroleum oil, reached $92.21 million in 2023. Over the past decade, the market showed volatility, experiencing significant contractions in 2020 with a swift recovery thereafter. Year-on-year growth over the last two years averaged 3.86%, with a CAGR of 1.26% from 2018 to 2023.
Looking forward, key trends to watch include the shift towards bio-based and synthetic lubricants due to environmental regulations, and technological advancements that may enhance product efficiency, potentially leading to market growth and expansion opportunities.
