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Industrial Lubricants Market – Industry Trends and Forecast to 2026

Industrial Lubricants Market – Industry Trends and Forecast to 2026

Submitted by • August 7, 2020 www.databridgemarketresearch.com

Global industrial lubricants market is expected to rise to an estimated value of USD 73.30 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. The high growth of this market is due to the rapid industrialization in emerging economies

Industrial lubricants are defined as compounds like fluids, greases and oils which are used for tear and wear of materials and helps in reducing friction and binding. It also prevents electrical resistivity and further helps in increasing thermal conduction. Industrial lubricants are used in some of the prominent industries which include, automotive & transportation, industrial equipment, and textiles.

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