Bio-lubricants Market End-use Industry, By Others
| Label | Europe | Germany | Spain | France | United Kingdom | Russian Federation | Rest of Europe |
|---|---|---|---|---|---|---|---|
| 2013 | 209.75 USD Mn | 63.1 USD Mn | 38.96 USD Mn | 45.28 USD Mn | 31.86 USD Mn | 19.42 USD Mn | 11.12 USD Mn |
| 2014 | 215.62 USD Mn | 65 USD Mn | 40.13 USD Mn | 46.52 USD Mn | 32.63 USD Mn | 19.96 USD Mn | 11.39 USD Mn |
| 2015 | 223.88 USD Mn | 67.63 USD Mn | 41.75 USD Mn | 48.26 USD Mn | 33.74 USD Mn | 20.72 USD Mn | 11.77 USD Mn |
| 2016 | 230.15 USD Mn | 69.66 USD Mn | 43.01 USD Mn | 49.57 USD Mn | 34.55 USD Mn | 21.3 USD Mn | 12.05 USD Mn |
| 2017 | 234.36 USD Mn | 71.08 USD Mn | 43.88 USD Mn | 50.44 USD Mn | 35.05 USD Mn | 21.69 USD Mn | 12.22 USD Mn |
| 2018 | 239.16 USD Mn | 72.68 USD Mn | 44.87 USD Mn | 51.44 USD Mn | 35.63 USD Mn | 22.14 USD Mn | 12.41 USD Mn |
| 2019 | 244.54 USD Mn | 74.47 USD Mn | 45.97 USD Mn | 52.55 USD Mn | 36.29 USD Mn | 22.63 USD Mn | 12.63 USD Mn |
| 2020 | 250.26 USD Mn | 76.36 USD Mn | 47.14 USD Mn | 53.74 USD Mn | 36.99 USD Mn | 23.16 USD Mn | 12.87 USD Mn |
| 2021 | 257.24 USD Mn | 78.65 USD Mn | 48.55 USD Mn | 55.2 USD Mn | 37.87 USD Mn | 23.81 USD Mn | 13.16 USD Mn |
| 2022 | 264.47 USD Mn | 81.03 USD Mn | 50.01 USD Mn | 56.7 USD Mn | 38.79 USD Mn | 24.47 USD Mn | 13.46 USD Mn |
| 2023 | 271.94 USD Mn | 83.48 USD Mn | 51.53 USD Mn | 58.26 USD Mn | 39.73 USD Mn | 25.17 USD Mn | 13.77 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Germany accounted for the largest market share in 2017 in the Europe petroleum pitch market, and is expected to reach USD 83.48 Million in 2023 from USD 71.08 Million in 2017.This market is projected to grow at a CAGR of 2.81% during the forecast period from 2018 - 2023. brake pads segment accounted for the largest market share in 2017, this market is expected to reach USD 104.49 Million in 2023 from USD 88.12 Million in 2017. This market is projected to grow at a CAGR of 2.97% during the forecast period from 2018 - 2023. However, brake pads segment is the fastest growing market, which is expected to grow at a CAGR of 2.97% during the forecast period 2018 - 2023. high performance segment accounted for the largest market share in 2017, this market is expected to reach USD 155.77 Million in 2023 from USD 130.81 Million in 2017. This market is projected to grow at a CAGR of 3.05% during the forecast period from 2018 - 2023. However, high performance segment is the fastest growing market, which is expected to grow at a CAGR of 3.05% during the forecast period 2018 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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