Global bio-lubricants market value 2023-2030, by region

Published by Statista Research Department, Apr 16, 2024

North America is the largest regional market for bio-based lubricants. In 2023, this market was valued at 881.4 million U.S. dollars, which was some 300 million U.S. dollars more than the Asia-Pacific market. However, by 2030 this gap is forecast to shrink notably, as the Asia-Pacific market is ascribed a greater compound annual growth rate.

More information on the bio-based lubricants market can be found here.

Market value of bio-based lubricants worldwide in 2023, with a forecast for 2030, by region (in million U.S. dollars)

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Release date

March 2024

Region

Worldwide

Survey time period

2023

Supplementary notes

*Figures underlie the following CAGR assumptions for 2024-2030:

North America: 3 percent
Europe: 3.7 percent
Asia-Pacific: 7.3 percent
Latin America: 6.3 percent
Middle East & Africa: 5.1 percent

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