The import of lubricating oil additives without petroleum or bitumen oils to France is projected to grow steadily from 2024 to 2028, with values increasing from $149.53 million in 2024 to $166.2 million in 2028. In 2023, the value of imports was slightly lower, indicating a positive forecasted trend. The year-on-year growth rate is modest, with a consistent rise observed each year, reflecting a positive sentiment in the import market. With an absence of explicit variations for the years 2024 to 2028, the compounded annual growth rate (CAGR) over these five years shows an upward trajectory, indicating steady growth.
Future trends to watch include potential market shifts due to technological advancements in lubricating oil formulations, evolving environmental regulations, and changes in international trade agreements. Monitoring these factors will be crucial to understanding the future direction of this market segment.
