The market for lubricants used in textiles and leather manufacturing in Thailand showed varied trends from 2013 through 2023. Despite fluctuations, the market value in 2023 stood at 27.755 million USD. Significant declines were noted in 2020, with a notable recovery in 2021 and a steady growth in subsequent years. The Compound Annual Growth Rate (CAGR) over the last five years was slightly negative at -0.34%, indicating modest market volatility.
Future trends to watch for include:
- Rising demand for eco-friendly and sustainable products, potentially affecting product formulations and market dynamics.
- Technological advancements in textile manufacturing driving lubricant innovation and usage patterns.
- Evolving regulations around petroleum-based products shaping market behavior.
How does Thailand rank in Lubricant for Textile and Leather Use (Made of < 70% of Petroleum Oil) Market Size Value?
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,005,200,000 | 2023 | +1.03% | +0.95% | View data |
| 2 | 2 India | 125,580,000 | 2023 | +3.54% | +3.29% | View data |
| 3 | 3 Brazil | 119,660,000 | 2023 | +0.074% | +0.56% | View data |
| 4 | 4 Thailand | 27,755,000 | 2023 | +0.24% | -0.34% | |
| 5 | 5 Germany | 27,716,000 | 2023 | -0.58% | -0.47% | View data |
| 6 | 6 Malaysia | 24,212,000 | 2023 | +0.72% | -0.17% | View data |
