The available forecast data from 2024 to 2028 indicates a steady decline in lubricants consumption in Belgium, decreasing from 801.14 Gigawatthours in 2024 to 665.41 Gigawatthours in 2028. Comparing year-on-year, there is an average decrease of around 4.3% annually, indicating a continuous downward trend. This trend is more significant when observed over the past few years, showing an increasing shift away from lubricant use, influenced potentially by technological advancements and moves towards more sustainable practices.
Future trends to watch for include:
- Increased adoption of electric vehicles reducing lubricant demand.
- New regulations and policies promoting eco-friendly alternatives.
- Technological advancements in lubrication technology leading to more efficient usage.
- Economic factors and industrial activities that could impact consumption patterns.