Technology Trends in Lubricants (Mineral, Synthetic, and Bio-Based) Market for Turbine Oil, Compressor Oil, Gear Oil, Hydraulic Oil, Bearing Oil and Heat Transfer Fluid Lubricant Applications - Analysis and Forecast by 2018
The expanding automotive industry has triggered robust technology trends in the lubricants market. Lubricants ensure smoother mechanical performance by reducing friction between moving surfaces. There are three main types of lubricants available in the market. These are: mineral, synthetic, and biobased lubricants. Of these, synthetic and biobased lubricants are expected to demonstrate a steady growth in demand worldwide.