The market size for lubricants used in textile and leather, excluding petroleum oil, in Mexico demonstrated fluctuations over the past decade, peaking in 2013 at 48.67 million USD and declining to 47.752 million USD by 2023. The market contracted sharply in 2020 but showed recovery in subsequent years with year-over-year growth, albeit modest in 2023. The CAGR over the last five years was negative, indicating an overall decline.
Future trends to watch for include shifts towards sustainable and eco-friendly alternatives, advancements in technology enhancing cost-effectiveness and efficiency, and external economic factors influencing production and demand in the textile and leather industries.
