Global Lubricants Market Segmented by Base Stock, Type, End-User Industry, and Geography (2017 - 2022)


The global lubricants market valued USD 89.76 billion in 2016, and is estimated to reach approximately USD 102.55 billion by 2021, projecting a CAGR of 2.7% during the forecast period 2016-2021. Lubricants are vital for the proper functioning of machines. They are used to reduce wear and friction between surfaces in close proximity and that move relative to each other. They are usually in...