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Global Synthetic Lubricants Market Analysis – Analysis by


Global Synthetic Lubricants Market Analysis – Analysis by Product Type, End User, By Region, By Country : Market Insights, Covid-19 Impact, Competition and Forecast
Executive Summary The Global Synthetic Lubricants Market valued at USD 33. 7 billion in the year 2020, witnessing lucrative growth owing to stringent regulatory standards regarding environment conservation, supportive government policies on energy conservation, as well as growing consumer awareness about product quality.
May 06, 2021 07:56 ET
| Source:
ReportLinker
ReportLinker
Lyon, FRANCE
New York, May 06, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Global Synthetic Lubricants Market Analysis – Analysis by Product Type, End User, By Region, By Country : Market Insights, Covid-19 Impact, Competition and Forecast - https://www.reportlinker.com/p06067737/?utm source=GNW ....

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Lubricants Market Revenue Worth $115,350.6 Million by 2030, Globally: P&S Intelligence


Lubricants Market Revenue Worth $115,350.6 Million by 2030, Globally: P&S Intelligence
NEW YORK, March 9, 2021 /PRNewswire/ From 66 million in 2005, worldwide vehicle sales jumped to 91 million in 2019, as per Organisation Internationale des Constructeurs d Automobiles (OICA). Due to the expanding automotive industry, the global lubricants market is predicted to grow from $95,403.9 million in 2019 to $115,350.6 million by 2030, witnessing a 2.3% CAGR between 2020 and 2030, according to the market research report published by P&S Intelligence.
The automotive sector is one of the biggest end users in the lubricants market, as such fluids find widespread application in automobiles. The crankcases of engines are widely lubed in order to reduce friction between components that are in contact. This not only reduces wear and tear, but also keeps the vehicle running smoothly and with the optimum mileage. With people s rising disposable income and strict norms regarding vehicular ....

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