The global industrial lubricants market is prognosticated to gather demand from soaring trend of increase in manufacturing activities in Asia Pacific which creates a requirement of lubricating oils in metal foundry, power generation, textiles, automotive, chemicals, and other industries. Rising significance of machinery maintenance in improving efficiency and reducing operational downtime could play a telling role in ... Read more
Global Industrial Lubricants Market is projected to cross USD 65.0 billion by 2023, at a CAGR of over 3% during the forecast period. Demand for the industrial lubricants industry is largely driven by the massive industrial growth in Asia-Pacific and Middle East & Africa. Also, the market for industrial lubricants is growing due to the rising demand for industrial lubricants from various industries, such as the textile industries, metal working industries and chemical manufacturing ... Read more
A lubricant is an organic material used to reduce friction between two parts mutually connected to each other. In industrial applications which use huge machines, lubricants play a vital role in reducing friction between components moving at high speeds, thereby minimizing the heat generated, avoiding losses, and reducing wear & tear. They aid maintenance, ensure safety at the workplace by preventing accidents caused by possible leaks & spills, help avoid energy losses, and increase ... Read more
Recycling is a process which actually considers the used product and converts it into a new re-usable product. Automotive oils recycling is a technique which involves recycling of used motor oil, or hydraulic oil, and converts it into new products. Dumping or disposing the used oils in a wrong way is hazardous to the environment, hence it is highly beneficial to actually recycle and convert it into a reusable product. Motor oil is insoluble and can contain toxic chemicals and heavy metals. ... Read more
A lubricant is an organic material used to reduce friction between two parts mutually connected to each other. In industrial applications which use huge machines, lubricants play a vital role in reducing friction between components moving at high speeds, thereby minimizing the heat generated, avoiding losses, and reducing wear & tear. They aid maintenance, ensure safety at the workplace by preventing accidents caused by possible leaks & spills, help avoid energy losses, and increase ... Read more
An industrial lubricant is a substance that is used to reduce friction between surfaces that are in mutual contact with each other. It also transmits forces and acts as a coolant between the surfaces. The property of reducing friction is called lubricity. Lubricants contain around 90% base oil (crude oil) and less than 10% additives. Synthetic liquids that include polyolefins, esters, silicones, fluorocarbons, and others are often used as base oil. The additives play an important role in ... Read more
The increasing usage of industrial lubricants in textile, chemical manufacturing, and metal working industries is driving the global industrial lubricants market growth. The market generated a revenue of $48,860.7 million in 2016, and is expected to advance at a CAGR of 4.3% during the forecast period (2016–2024). Industrial lubricants such as oil, grease, and fluids are used in ... Read more
