North America is the largest regional market for bio-based lubricants. In 2023, this market was valued at 881.4 million U.S. dollars, which was some 300 million U.S. dollars more than the Asia-Pacific market. However, by 2030 this gap is forecast to shrink notably, as the Asia-Pacific market is ascribed a greater compound annual growth rate.
More information on the bio-based lubricants market can be found here.
Market value of bio-based lubricants worldwide in 2023, with a forecast for 2030, by region
(in million U.S. dollars)
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Extrapolate. (March 31, 2024). Market value of bio-based lubricants worldwide in 2023, with a forecast for 2030, by region (in million U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1461760/global-bio-lubricants-market-size-forecast-byregion/
Extrapolate. "Market value of bio-based lubricants worldwide in 2023, with a forecast for 2030, by region (in million U.S. dollars)." Chart. March 31, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1461760/global-bio-lubricants-market-size-forecast-byregion/
Extrapolate. (2024). Market value of bio-based lubricants worldwide in 2023, with a forecast for 2030, by region (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1461760/global-bio-lubricants-market-size-forecast-byregion/
Extrapolate. "Market Value of Bio-based Lubricants Worldwide in 2023, with a Forecast for 2030, by Region (in Million U.S. Dollars)." Statista, Statista Inc., 31 Mar 2024, https://www.statista.com/statistics/1461760/global-bio-lubricants-market-size-forecast-byregion/
Extrapolate, Market value of bio-based lubricants worldwide in 2023, with a forecast for 2030, by region (in million U.S. dollars) Statista, https://www.statista.com/statistics/1461760/global-bio-lubricants-market-size-forecast-byregion/ (last visited November 22, 2024)
Market value of bio-based lubricants worldwide in 2023, with a forecast for 2030, by region (in million U.S. dollars) [Graph], Extrapolate, March 31, 2024. [Online]. Available: https://www.statista.com/statistics/1461760/global-bio-lubricants-market-size-forecast-byregion/
