Enhanced operational efficiency offered by industrial lubricants is bolstering their use in the constantly expanding manufacturing sector, as well as other industries such as power generation and oil and gas. Growing use of high-performance lubricants in these end-use industries is expected to drive market growth in the forecast period (2019-2027). As indicated by a new study, the global demand for industrial lubricants will progress moderately through 2027, reaching a value of US$ 28 Bn.
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2019-12-04
CTE source: https://ctemag.com/news/industrial-lubricants-market-embraces-sustainability/
Legacy path: /industrial-lubricants-market-embraces-sustainability