The UK lubricants' gross inland consumption stood at 1.61 thousand terajoules in 2023. Forecasted values from 2024 to 2028 suggest a steady year-on-year growth between 5.3% and 5.6%. Over five years, the average Compound Annual Growth Rate (CAGR) is anticipated to be around 5.6%, reflecting a stable increase in demand and usage. Factors contributing to this growth include advancements in technology, increased industrial activity, and evolving automotive market trends.

Future trends to watch for include:

Potential disruptions due to regulatory changes targeting environmental sustainability.
Technological developments in lubrication technology improving efficiency.
Shifts in the automotive industry towards electric vehicles, affecting lubricant use patterns.