Independent Lubricant Manufacturers Market 2016: Global Industry Insights, Statistics, Demand and Forecasts to 2021
Primarily, independent lubricant manufacturer do not have own oil refineries. They purchase base oil as a raw material from the open market petroleum companies and oil suppliers, and then process it with required additives to produce industrial and automobile lubricants. Growing demand for automated machines in mining and agricultural industries has driven the demand for industrial lubricants. The Government of U.S., along with large corporations, has proposed to launch a voluntary program in order to facilitate the working capital for...
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