Industrial lubricants are defined as compounds like fluids, greases and oils which are used for tear and wear of materials and helps in reducing friction and binding. It also prevents electrical resistivity and further helps in increasing thermal conduction. Industrial lubricants are used in some of the prominent industries which include, automotive & transportation, industrial equipment, and textiles. Global industrial lubricants market is expected to rise to an estimated value of USD 73.30 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. Top Manufacturers Covered in the Report: Exxon Mobil Corporation, FUCHS, Shell plc, Chevron U.S.A. Inc., BP p.l.c., PetroChina Company Limited, BASF SE, KMG Chemicals, Eni S.p.A, Quaker Chemical Corporation, Calumet Specialty Products Partners, L.P., Klüber Lubrication, PETRONAS Lubricants International, Total and Indian Oil Corporation Ltd among others.
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Segmentation: Global Industrial Lubricants Market
Global industrial lubricants market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Industrial Lubricants market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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