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Lubricants Market Outlook 2025: New Opportunities worth USD 178.1 billion by 2025 in Lubricants Industry - Exclusive Report by MarketsandMarkets™
Transportation is one of the major end-user applications that occupies the leading spot globally in the lubricants industry due to high consumption of these chemicals for use in both on-shore and off-shore vehicles, mainly involving high amounts of lubricating greases. Engine oil is responsible for the smooth, safe and efficient running, extending their lifetime, avoiding excessive heat generation, reduction in wear, and lessened friction of vehicles while, of course, rising auto-productions, which fuels its market. Besides, new high technologies of lubricants are also encouraging performance enhancement across different transport modes.
Lubricant market in Europe is the second largest market with a strong automotive sector, advanced manufacturing and high demand for high-performance lubricants. Strict environmental regulations and the pursuit of fuel efficiency characterize the region. The most important sectors being automotive, aerospace, and machinery are repeatedly driving lubricant demand. There also arise the rising trend in renewable energy and electric vehicle that make innovation in lubricant formulation which would cater to the evolving needs in the industry.
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