As per the recently published report by MarketsandMarkets™, The “Lubricants Market by Base Oil Type (Mineral Oil Lubricant, Synthetic Lubricants, Bio-based Lubricants), Product Type (Engine Oil, Turbine Oil, Metalworking Fluid, hydraulic Oil), End-use Industry (Transportation and Industrial) – Global Forecast to 2029″, size was USD 173.5 billion in 2024 and is projected to reach USD 198.4 billion by 2029, at a CAGR of 2.7%, between 2024 and 2029. Lubricants market have grown as the demand from marine applications, and high-performance engines is mounted immensely worldwide in the last two decades.
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