By 2023, Synthetic Lubricants Market to See $5 Bn with Lucrative CAGR : ExxonMobil, Shell, BP, Total, Chevron, Phillips 66, Valvoline Inc., Castrol and 3 Other Companies
Global synthetic lubricants market in terms of valuation will record USD 5 billion by 2023, with 4% CAGR projection over 2016-2023. In terms of volume, it is set to cross 900 kilotons over the span. Despite the fact that synthetic lubricants are of higher cost than its other mineral counterparts, the market is expected to evolve in the coming six years subject to the variety of lubricants continuously being developed to address the increasing demand from the varied end-use sectors....
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