The per capita value of lubricants for textile and leather use in France, made of less than 70% petroleum oil, demonstrated a noticeable decline from 2013 to 2023. It diminished by approximately 48%, with a sharp decrease from $0.44 in 2013 to $0.23 in 2023. Over the last two years, this market remained relatively flat, with minor fluctuations. Notably, the Compound Annual Growth Rate (CAGR) over the last five years is negative, illustrating a continuous reduction in per capita expenditure in this segment.
Looking forward, future trends in this market might include:
• Increased demand for sustainable and environmentally friendly lubricants.
• Technological advancements in production processes affecting efficiency and costs.
• Regulations and policies influencing market dynamics.
• Emerging markets potentially driving growth through innovation and adaptation.
