The global market for lubricants used in textiles and leather that contain less than 70% petroleum oil shows diverse value share distributions across countries. As of 2024, China's dominance is evident with a value of 69.11 USD, followed by India and Brazil with values of 8.63 and 8.23 USD, respectively. The data indicates slight growth in China (0.95%) and significant gains in India (3.29%) from 2023, while several European countries such as France, Austria, and Sweden show declines. South Africa and Slovakia present positive momentum with increases of 0.87% and 1.16% respectively.
Future trends to watch include:
- China’s continued market leadership with potential incremental growth.
- Emerging opportunities in India, driven by robust growth rates.
- Potential stabilization or rebound in European markets.
- Technological advancements in sustainable lubricants affecting global demand.
Top countries in Lubricant for Textile and Leather Use (Made of < 70% of Petroleum Oil) Market Size Value Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 69.11 | 2023 | +1.03% | +0.95% | View data |
| 2 | 2 India | 8.63 | 2023 | +3.54% | +3.29% | View data |
| 3 | 3 Brazil | 8.23 | 2023 | +0.074% | +0.56% | View data |
| 4 | 4 Thailand | 1.91 | 2023 | +0.24% | -0.34% | View data |
| 5 | 5 Germany | 1.91 | 2023 | -0.58% | -0.47% | View data |
| 6 | 6 Malaysia | 1.66 | 2023 | +0.72% | -0.17% | View data |
| 7 | 7 Russia | 1.3 | 2023 | -1.46% | -0.57% | View data |
| 8 | 8 France | 1.09 | 2023 | -5% | -4.55% | View data |
| 9 | 9 Colombia | 0.29 | 2023 | -5.3% | -4.91% | View data |
| 10 | 10 South Africa | 0.27 | 2023 | +0.088% | +0.87% | View data |
