Gmi Research

  Lubricants Market Lubricants Market is predicted to expand at a significant CAGR over the coming years, owing to the growing demand for high-performance lubricants. Rising research and development activities and ongoing technological advancements to establish innovative lubricants to reduce the frictional losses will generate huge opportunities for lubricants market. Increasing inclination towards renewable energy, growing demand for superior engines, and expansion in the industrial sector will propel the Lubricants Market Size . Rapid urbanization has bolstered the demand for lubricants by proliferating the manufacturing industry As per the Lubricants Market forecast , by base oil, the Synthetic Lubricants (Group Iv, V) segment is projected to hold a larger share during the forecast period owing to their growing use across several application areas and magnificent features like lower evaporative loss, higher viscosity index and chemical stability. By end-use industry, the t...