Bio-lubricants Market End-use Industry, By Others
| Label | North America | United States | Canada |
|---|---|---|---|
| 2015 | 814.6 USD Mn | 663.1 USD Mn | 151.5 USD Mn |
| 2016 | 862.5 USD Mn | 702.9 USD Mn | 159.6 USD Mn |
| 2017 | 913.6 USD Mn | 745.5 USD Mn | 168.2 USD Mn |
| 2018 | 969.9 USD Mn | 792.2 USD Mn | 177.6 USD Mn |
| 2019 | 1031.6 USD Mn | 843.6 USD Mn | 188 USD Mn |
| 2020 | 1098.1 USD Mn | 899 USD Mn | 199.1 USD Mn |
| 2021 | 1174.2 USD Mn | 962.4 USD Mn | 211.8 USD Mn |
| 2022 | 1255.6 USD Mn | 1030.3 USD Mn | 225.3 USD Mn |
| 2023 | 1343 USD Mn | 1103.2 USD Mn | 239.8 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
United States accounted for the larger market share in 2017 in the North America activated carbon market, and is expected to reach USD 1103.20 Million in 2023 from USD 745.50 Million in 2017.This market is projected to grow at a CAGR of 6.85% during the forecast period from 2018 - 2023. water purification segment accounted for the largest market share in 2017, this market is expected to reach USD 461.00 Million in 2023 from USD 318.40 Million in 2017. This market is projected to grow at a CAGR of 6.59% during the forecast period from 2018 - 2023. However, pharmaceuticals segment is the fastest growing market, which is expected to grow at a CAGR of 7.50% during the forecast period 2018 - 2023. powdered activated carbon segment accounted for the largest market share in 2017, this market is expected to reach USD 717.90 Million in 2023 from USD 480.70 Million in 2017. This market is projected to grow at a CAGR of 7.07% during the forecast period from 2018 - 2023. However, powdered activated carbon segment is the fastest growing market, which is expected to grow at a CAGR of 7.07% 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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