In 2023, Poland's market for lubricating preparations that exclude petroleum oil and bituminous mineral oils and are not intended for textiles or leather treatments reached a size of 96.678 million euros. This market has experienced fluctuations over the past decade, marked by a notable recovery post-2020. Recent two-year trends show a modest yearly increase of around 1.71% in 2023 and 1.78% in 2022. The five-year CAGR highlights an average annual growth rate of 1.5%.
Future trends to watch include:
- Increasing demand for environmentally friendly lubricants.
- Potential regulatory changes impacting synthetic lubricant formulation.
- Technological advancements improving lubricant efficiency.