The forecast for lubricants gross available energy in the UK shows a clear upward trend from 2024 to 2028, with a consistent year-on-year increase in value. In 2023, the actual value stood at 38.68 Thousand Tonnes Of Oil Equivalent. The projected growth from 2024 to 2028 is strong, starting from 40.87 in 2024 and reaching 50.19 by 2028. Over this forecast period, the compound annual growth rate (CAGR) represents a robust increase, highlighting a healthy demand trajectory.

Future trends to watch for:

Innovation in lubricant technology that may improve efficiency and reduce environmental impacts.
The potential impact of alternative energy sources reducing the demand for traditional lubricants.
Regulatory changes and their influence on the energy industry, which could affect the demand for lubricants.
The continued industrial growth and its correlation with lubricant consumption.