The lubricant market for textile and leather use in Sweden, with products made of less than 70% petroleum oil, showed a generally declining trend in value per capita from 2013 through 2023. In 2023, this market stood at $0.17 per capita. Observing the variations from 2022 to 2023, the value remained stable, showing no year-on-year change. The compound annual growth rate (CAGR) over the last five years was stable, indicating an average annual variation close to zero.
Looking ahead, potential future trends may include an increase in eco-friendly alternatives that could reshape this market as sustainability continues to drive consumer and regulatory preferences. Monitoring technological advancements and their adoption in textile and leather industries will also be crucial.
