The Chinese market for lubricants used in textile and leather manufacturing (made of less than 70% petroleum oil) is forecasted to grow modestly, from $1.013 billion in 2024 to $1.0561 billion in 2028, reflecting steady year-on-year increases. In 2023, the market size was slightly lower, indicating a progressive trend. Percentage increases year-on-year from 2024 to 2028 are consistent, highlighting a stable compound annual growth rate (CAGR) over the five-year period.
Future trends to watch for:
- Continued advances in environmentally friendly lubricants.
- Tech innovations impacting lubricant efficiencies.
- Regulatory changes pressuring further reduction of petroleum content.
