Lubricants Market Size Worth $ 142.13 Billion By 2030 At 4.72% Cagr
February 20, 2023 ⚊ 1 Min read ⚊ Views 77 ⚊ BUSINESS
According to a new market research report, the global lubricants market size is expected to reach $142.13 billion by 2030, growing at a CAGR of 4.72% from 2021 to 2030.
The growing demand for lubricants in the automotive, industrial, and marine sectors is one of the major factors driving the growth of the lubricants market. The automotive sector, in particular, is expected to witness significant growth, owing to the increasing production and sales of automobiles worldwide. The rise in construction and infrastructure development activities is also expected to drive the demand for lubricants in the industrial sector.
Moreover, the increasing demand for synthetic lubricants and bio-based lubricants is further expect
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Tags: lubricants
