Aerospace Lubricants Market to Witness Increased Incremental Dollar Opportunity During the Forecast Period
Aerospace lubricant improves efficiency of the engine by reducing frictions between two surfaces, resulting in more kilometres in same amount of fuel. Global air traffic grew by 6% owning to increase in the frequency of flights. Rising consumer income resulting in lavish lifestyles along with reduced air fares is anticipated to be the key factor propelling industry growth.
Increasing investments in defence by countries including Russia, China and India, will consequently drive industry growth. For instance, China invested over...
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