Bio-lubricants Market End-use Industry, By Others
| Label | High Performance | Universal | Others |
|---|---|---|---|
| 2013 | 477.2 USD Mn | 266.5 USD Mn | 96.2 USD Mn |
| 2014 | 494.7 USD Mn | 273.6 USD Mn | 98.7 USD Mn |
| 2015 | 517.9 USD Mn | 283.7 USD Mn | 102.3 USD Mn |
| 2016 | 536.9 USD Mn | 291.3 USD Mn | 104.9 USD Mn |
| 2017 | 551.3 USD Mn | 296.2 USD Mn | 106.6 USD Mn |
| 2018 | 567.3 USD Mn | 301.8 USD Mn | 108.6 USD Mn |
| 2019 | 584.9 USD Mn | 308.2 USD Mn | 110.7 USD Mn |
| 2020 | 603.6 USD Mn | 315 USD Mn | 113 USD Mn |
| 2021 | 625.6 USD Mn | 323.3 USD Mn | 115.9 USD Mn |
| 2022 | 648.5 USD Mn | 331.9 USD Mn | 118.8 USD Mn |
| 2023 | 672.4 USD Mn | 340.9 USD Mn | 121.8 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
high performance segment accounted for the largest market share in the petroleum pitch market, and is expected to reach USD 672.40 Million in 2023 from USD 551.30 Million in 2017. However, high performance segment is the fastest growing market, which is expected to grow at a CAGR of 3.46% 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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Global Petroleum Pitch market [2013-2023] by Type



