The market for lubricants used in textile and leather industries in India has demonstrated steady growth, reaching a size of $125.58 million in 2023. Between 2013 and 2023, the market saw a generally increasing trend with year-on-year variations, including a dip of 13.49% in 2020, followed by a recovery. The five-year compound annual growth rate (CAGR) leading up to 2023 stood at 3.29%, reflecting moderate recovery post-pandemic with a slightly accelerated growth in recent years.
Future Trends to Watch For:
- Increasing demand due to expanding textile and leather industries in India.
- Potential shifts towards sustainable and eco-friendly lubricant solutions.
- Technological advancements enhancing lubricant efficiency and performance.
How does India 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% | |
| 3 | 3 Brazil | 119,660,000 | 2023 | +0.074% | +0.56% | View data |
| 4 | 4 Thailand | 27,755,000 | 2023 | +0.24% | -0.34% | View data |
| 5 | 5 Germany | 27,716,000 | 2023 | -0.58% | -0.47% | View data |
