The import value of lubricating preparations and those used in oil or grease treatment of textiles to the US is forecasted to grow steadily from $347.73 million in 2024 to $387.96 million in 2028. This represents a compound annual growth rate (CAGR) of approximately 2.8% over this five-year period. In 2023, imports stood at $338 million. The year-on-year variation is evidenced by a gradual increase each year, indicating a positive upward trend in this market sector.

Future trends to watch for:

Potential changes in trade policies and tariffs that may affect import costs.
Technological advancements that could impact the production or demand of lubricating preparations.
Emerging sustainability and ecological concerns influencing regulatory requirements and consumer preferences.