Rising Demand from Construction Equipment and Mining Machinery Expands Market Opportunities
The industrial lubricants market was worth USD 57.55 billion in 2024 and is expected to grow at a CAGR of 3.89% from 2025 to 2034, reflecting steady demand across manufacturing, mining, power generation, and heavy machinery sectors. While growth remains modest compared to higher-velocity chemical markets, the sector benefits from entrenched industrial infrastructure, ongoing equipment...
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