Industrial Lubricants Market Was Valued at USD 56.87 Billion in 2016, and Is Expected to Grow at CAGR of 2.4% by 2022
Market Scenario:
Industrial Lubricants are used to reduce friction. Their primary function is to displace solid surfaces with a fluid film. They are used to modify surface properties, regulate temperature, or remove debris. High demand from the automotive sector is the key factor driving the growth of the Industrial Lubricants Market. To ensure smooth working of machines in industries, the demand for grease increasing in industries is also fuelling the growth of the Global Industrial Lubricants Market. On the other...
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