Since 2012, the petroleum-based lubricant market in France has experienced fluctuations. The market value exhibited a general upward trend until 2014, post which there was a noticeable decline in 2015. Recovery followed but the value sharply fell in 2020, likely due to the pandemic. The market has been steadily recovering since. Year-on-year variations show significant jumps and declines, with notable drops in 2015 and 2020 and substantial recovery in 2021 and 2022. The last five years' CAGR stands at 0.94%, indicating moderate growth. As we stand in 2024, this market is an essential component for France's industrial and automotive sectors.
Future trends to watch for:
• Increasing adoption of synthetic and bio-based lubricants.
• Regulatory changes impacting petroleum-based lubricant usage.
• Technological advancements in lubricant formulations.
• Economic factors influencing industrial demand and automotive production.
| # | 43 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 8,304,600,000 | 2023 | -5.15% | -5.77% | View data |
| 2 | 2 Japan | 3,222,400,000 | 2023 | -0.53% | -0.65% | View data |
| 3 | 3 Germany | 2,383,500,000 | 2023 | +0.11% | -1.38% | View data |
| 4 | 4 France | 1,868,800,000 | 2023 | +0.13% | -0.45% | |
| 5 | 5 India | 1,796,200,000 | 2023 | +2.95% | +1.81% | View data |
| 6 | 6 Canada | 1,222,200,000 | 2023 | +1.32% | +1.19% | View data |
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