In 2023, lubricants available for final consumption in the UK stood at approximately 3.70 thousand gigawatthours. The forecasted data for 2024 to 2028 shows a year-on-year decreasing trend, with the value declining steadily from 3.56 in 2024 to 2.99 thousand gigawatthours by 2028. This suggests a negative compound annual growth rate (CAGR) over the five-year forecast period, indicating continual reductions in consumption.
Future trends to watch for include the impact of increasing energy efficiency, the rise of electric vehicles, and potential regulatory changes, which may further drive down lubricant consumption or shift the demand toward more sustainable and synthetic alternatives.
