Bio-lubricants Market End-use Industry, By Others
| Label | Europe | Germany | Spain | France | United Kingdom | Italy | Poland | Russian Federation | Rest of Europe |
|---|---|---|---|---|---|---|---|---|---|
| 2017 | 276.6 USD Mn | 51.7 USD Mn | 25.7 USD Mn | 48.3 USD Mn | 35.3 USD Mn | 33.5 USD Mn | 12.5 USD Mn | 23.6 USD Mn | 46 USD Mn |
| 2018 | 284 USD Mn | 53.4 USD Mn | 26.4 USD Mn | 49.7 USD Mn | 36.3 USD Mn | 34.4 USD Mn | 12.8 USD Mn | 24.1 USD Mn | 46.9 USD Mn |
| 2019 | 291.7 USD Mn | 55.2 USD Mn | 27.1 USD Mn | 51.2 USD Mn | 37.5 USD Mn | 35.2 USD Mn | 13.1 USD Mn | 24.7 USD Mn | 47.8 USD Mn |
| 2020 | 300.3 USD Mn | 57.1 USD Mn | 27.9 USD Mn | 52.8 USD Mn | 38.7 USD Mn | 36.2 USD Mn | 13.4 USD Mn | 25.2 USD Mn | 48.8 USD Mn |
| 2021 | 309.7 USD Mn | 59.2 USD Mn | 28.8 USD Mn | 54.5 USD Mn | 40.1 USD Mn | 37.3 USD Mn | 13.8 USD Mn | 25.9 USD Mn | 50 USD Mn |
| 2022 | 319.7 USD Mn | 61.5 USD Mn | 29.8 USD Mn | 56.4 USD Mn | 41.6 USD Mn | 38.4 USD Mn | 14.2 USD Mn | 26.6 USD Mn | 51.2 USD Mn |
| 2023 | 331.5 USD Mn | 64.1 USD Mn | 30.9 USD Mn | 58.6 USD Mn | 43.3 USD Mn | 39.8 USD Mn | 14.7 USD Mn | 27.4 USD Mn | 52.7 USD Mn |
| 2024 | 343.7 USD Mn | 66.9 USD Mn | 32 USD Mn | 60.9 USD Mn | 45.1 USD Mn | 41.2 USD Mn | 15.1 USD Mn | 28.3 USD Mn | 54.3 USD Mn |
| 2025 | 356.5 USD Mn | 69.7 USD Mn | 33.2 USD Mn | 63.3 USD Mn | 46.9 USD Mn | 42.6 USD Mn | 15.6 USD Mn | 29.2 USD Mn | 55.9 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Germany accounted for the largest market share in 2018 in the Europe refrigeration oil market, and is expected to reach USD 69.70 Million in 2025 from USD 53.40 Million in 2018.This market is projected to grow at a CAGR of 3.96% during the forecast period from 2019 - 2025. synthetic oil segment accounted for the larger market share in 2018, this market is expected to reach USD 244.50 Million in 2025 from USD 188.50 Million in 2018. This market is projected to grow at a CAGR of 3.88% during the forecast period from 2019 - 2025. However, synthetic oil segment is the fastest growing market, which is expected to grow at a CAGR of 3.88% during the forecast period 2019 - 2025. refrigerator and freezer segment accounted for the largest market share in 2018, this market is expected to reach USD 117.20 Million in 2025 from USD 92.30 Million in 2018. This market is projected to grow at a CAGR of 3.56% during the forecast period from 2019 - 2025. However, automotive ac systems segment is the fastest growing market, which is expected to grow at a CAGR of 3.72% during the forecast period 2019 - 2025.
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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