Lubricants Market Growth, Size, Share, Trends, and Business Opportunities to 2026
The global lubricants market is expected to gain impetus from their increasing usage in industrial and automotive applications for reducing friction between multiple operating parts. The report further states that the lubricants market size valued at USD 120.67 billion in 2018, and it is projected to reach USD 152.95 billion by 2026, exhibiting a CAGR of 3.03% during the forecast period 2019 to 2026. Several industries across the globe are being affected by the outbreak of the COVID-19 pandemic. Some have resumed their operations by keeping in mind social distancing and reduced workforce. Unless a vaccine for coronavirus is launched, no one knows till when this lockdown phase would continue. Our reports provide detailed analysis of the effects on supply chain and other similar aspects of every market. Segment- Industrial Segment to Show High Growth Backed by Their High Demand from Various Industries In terms of application, the market is segregated into industrial, automotive