Global Lubricant Market Professional7 months ago - Services - Pune - 250 views
Global lubricant market was valued US$ 21.9 Bn and is anticipated to reach US$ 145.89 Bn by 2026 at a CAGR of 2.27 % during the forecast period.
Growth in automotive production growth in Asia-pacific and Europe, growing manufacturing sector in Asia-pacific, increasing usage of high-performance lubricant, demand from the growing wind energy sector and expansion of the global cold chain market drives the global lubricant market growth. Increasing drain intervals in automotive and industrial sectors and emergence of electric vehicles in the future restrains the market growth. Upcoming Construction Projects in North America and Asia-Pacific and increase in exploration of natural gas poses an opportunity for the market growth.
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