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

The report "Mining Lubricants Market by End-Use Industry (Coal Mining, Iron ORE Mining, Bauxite Mining, Rare Earth Mineral Mining, Precious Metals Mining), Type (Mineral Oil Lubricants, Synthetic Lubricants), and Region - Global Forecast to 2022".
The mining lubricants market was valued at USD 1.95 Billion in 2016, and is projected to reach USD 2.56 Billion by 2022, at a CAGR of ... Read more

Market Overview:
Lubricants are compounds that are used to reduce friction and wear between surfaces in contact. They are obtained either from petroleum or synthetic sources. Lubricants are widely used in automotive, industrial machinery and equipment to facilitate smooth functioning and increase their lifetime. Oils like engine oil, transmission oil, gear oil, hydraulic oil etc. are commonly used lubricants in automobiles and other engines to reduce friction between ... Read more