Lubricants Market Budding at a CAGR of 7.8% from 2015 to 2022, Is Prognosticated to Reach US $68.53 Billion by 2022: Market Research Globe
In 2015, the global lubricants market was valued at 37.09 million tons and is said to touch 43.87 billion by 2022, growing at a CAGR of 2.4% from 2015 to 2022. Growth of automobile market and industrial production, especially in the developing economies of Latin America and Asia Pacific will tentatively propel the lubricants market's demand during the forecast period. The lubricant market is differentiated by escalated demand for transmission fluids, engine oils and hydraulic fluids both in consumer as...
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