The market size value per capita in Norway for lubricants used in textiles and leather, made of less than 70% petroleum oil, has shown fluctuations over the past decade. Starting at $0.34 in 2013, it consistently decreased to $0.30 in 2015-2016, slightly rebounded by 2017, and faced a significant drop in 2020 to $0.24. The market then saw a slight recovery, reaching $0.27 by 2023. From 2022 to 2023, there was a minor decline of -3.57%. Over a five-year horizon, the compound annual growth rate (CAGR) was -2.97%, indicating an overall downtrend.

Future trends to watch for:

Sustainability concerns could fuel demand for eco-friendly alternatives.
Technological advancements may drive product innovation.
Economic recovery impacts the textile and leather industries, influencing lubricant demand.