Lubricants are a mixture of additives in oil base. Lubricants are used to reduce friction, corrosion, and wears between two surfaces. They may exist in the form of a solid, liquid or plastic substance. According to its applications, lubricants market is segmented into automotive lubricants and industrial lubricants. Many different substances can be used for lubrication, but grease and oils are majorly preferred. Grease consist of thickening agent, which provides the consistency and oil is used to obtain lubricity in between the surface. These oils could be mineral based, synthetic or vegetable oil or may exist as a combination of these.
The information is based on a recent business intelligence report from Industry ARC, titled “lubricants market: by type (engine oil, gear oil, hydraulic fluid, metalworking fluids, greases, turbine oil, compressor oil, others) base oil (mineral, synthetic, bio-based, others) application (automotive, industrial, others) & geography – forecast (2018 – 2023),” which suggests that the lubrication market is projected to a steady growth in the near future.
Browse Lubricants Market Report:
https://industryarc.com/PressRelease/525/Lubricants-Market-Research-Analysis.html
Lubricants are used to reduce friction between surfaces during movement. These majorly exist of two types; automotive and industrial lubricants. The automotive industry is the major growth driver for the lubricants market. The introduction of organic lubricants is being proposed by the major OEM’s as a result of the regulation imposed by various governments.
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Lubricants are used to reduce friction between surfaces during movement. These majorly exist of two types; automotive and industrial lubricants. The automotive industry is the major growth driver for the lubricants market. The introduction of organic lubricants is being proposed by the major OEM’s as a result of the regulation imposed by various governments.