The per capita market size of lubricants for textile and leather use in Brazil showed fluctuations from 2013 to 2023, starting at $0.59 in 2013, peaking at $0.66 in 2014, and gradually declining to stabilize at $0.56 in 2022 and 2023. The years 2021 to 2023 saw a modest rebound from a low of $0.47 in 2020, driven by pandemic recovery factors.
Year-on-year variations over the last two years:
- 2022 - 2023: 0%
- 2021 - 2022: 3.7%
Future trends to watch:
- Emerging technologies and sustainable practices could spur growth.
- Increasing environmental regulations might influence market dynamics.
- Consumer preferences shift toward lower petroleum content lubricants.
