From 2013 to 2023, Germany's market size for lubricants used in textile and leather industries (excluding petroleum oil) decreased from $1.38 to $0.89 per capita. The market declined notably between 2014 and 2020, particularly in 2020, and slightly recovered in 2021 and 2022 before stabilizing in 2023. Over the past two years, the year-on-year variation indicates a mild decline. The compound annual growth rate over the last five years manifests a subtle negative trend.
Future trends to watch include:
- Increased focus on sustainable and eco-friendly lubricants.
- Potential regulatory changes favoring synthetic or biodegradable alternatives.
- Technological advancements in lubrication affecting market dynamics.
