Demand for Renewable Energy to Positively Impact the Lubricants Market
The global lubricants market size is projected to reach USD 182.6 billion by 2025 from USD 157.6 billion in 2020, growing at a CAGR of 3.0%, in terms of value during the forecast period. The anticipated growth in emerging economies post COVID-19 are expected to help the lubricant demand growth. The demand for lubricants in countries such as China, India, Japan, Russia, ASEAN, and South Korea from both the transport and the industrial sector is expected to fuel the growth...
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