In 2023, the lubricants available for final consumption in France stood at 28.2 thousand Terajoules. Forecasted data from 2024 to 2028 indicates a consistent decline, decreasing from 26.09 to 21.64 thousand Terajoules. Annually, this trend reflects a year-on-year decrease of approximately 4-5%, with a compounded annual growth rate (CAGR) of -4.9% from 2024 to 2028, suggesting a steady decline in lubricant consumption.
Future trends to watch for:
- Impact of increased adoption of electric vehicles reducing lubricant demand.
- Advancements in technology leading to more efficient engines and lubricants.
- Regulatory changes focusing on environmental sustainability affecting production and consumption.