Pro
036912USD Mn20192020202120222023202420252026
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Chemicals & Materials
Bio-lubricants Market End-use Industry, By Others
| Label | North America | United States | Canada |
|---|---|---|---|
| 2016 | 140.7 USD Mn | 109.3 USD Mn | 31.5 USD Mn |
| 2017 | 146.3 USD Mn | 113.5 USD Mn | 32.8 USD Mn |
| 2018 | 152.2 USD Mn | 118.1 USD Mn | 34.1 USD Mn |
| 2019 | 158.6 USD Mn | 123 USD Mn | 35.6 USD Mn |
| 2020 | 165.6 USD Mn | 128.4 USD Mn | 37.2 USD Mn |
| 2021 | 173.1 USD Mn | 134.2 USD Mn | 39 USD Mn |
| 2022 | 181.8 USD Mn | 140.8 USD Mn | 40.9 USD Mn |
| 2023 | 190.9 USD Mn | 147.8 USD Mn | 43 USD Mn |
| 2024 | 200.4 USD Mn | 155.2 USD Mn | 45.3 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
United States accounted for the larger market share in 2017 in the North America magnesium hydroxide market, and is expected to reach USD 155.20 Million in 2024 from USD 113.50 Million in 2017. However, Canada is the fastest growing market, which is expected to grow at a CAGR of 4.85% during the forecast period 2018 - 2024. waste water treatment segment accounted for the largest market share in 2017, this market is expected to reach USD 75.60 Million in 2024 from USD 54.10 Million in 2017. This market is projected to grow at a CAGR of 5.00% during the forecast period from 2018 - 2024. However, flame retardant segment is the fastest growing market, which is expected to grow at a CAGR of 5.01% during the forecast period 2018 - 2024. effluent treatment chemicals segment accounted for the largest market share in 2017, this market is expected to reach USD 101.90 Million in 2024 from USD 72.80 Million in 2017. This market is projected to grow at a CAGR of 5.01% during the forecast period from 2018 - 2024. However, effluent treatment chemicals segment is the fastest growing market, which is expected to grow at a CAGR of 5.01% during the forecast period 2018 - 2024.
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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