In 2023, the market size for lubricants used in textile and leather industries in Brazil stood at 119.66 million USD. The period from 2013 to 2023 showed fluctuations with peak values in 2014 and a significant dip in 2020. Over the last two years, there was a minimal year-on-year increase, with a stagnant trend noted in 2023. The five-year compound annual growth rate lingering around 0.56% indicates moderate growth potential since 2018.
Future trends to watch for include advancements in eco-friendly alternatives, shifts due to regulatory pressures, and increasing technological innovations in the textile and leather sectors that could drive demand or require formulation changes in these lubricants.
How does Brazil rank in Lubricant for Textile and Leather Use (Made of < 70% of Petroleum Oil) Market Size Value?
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,005,200,000 | 2023 | +1.03% | +0.95% | View data |
| 2 | 2 India | 125,580,000 | 2023 | +3.54% | +3.29% | View data |
| 3 | 3 Brazil | 119,660,000 | 2023 | +0.074% | +0.56% | |
| 4 | 4 Thailand | 27,755,000 | 2023 | +0.24% | -0.34% | View data |
| 5 | 5 Germany | 27,716,000 | 2023 | -0.58% | -0.47% | View data |
