Lubricants Market Is Expected to Register a CAGR of 2.19% During the Forecast Period
The global lubricants market is expected to register a CAGR of 2.19% during the forecast period, 2018 to 2023. Asia-pacific is the major consumer of lubricants across the globe holding a global share of almost 45%. It is also likely to expand at a faster CAGR during the forecast period 2018-2023. This is due to the presence of largest manufacturing base in Asia-Pacific coupled with shift of manufacturing activities from the United States.
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