Rising Demand from the Automotive Sector to Propel Global Lubricants Market to Expand at a CAGR of 1.72% during the Forecast Period 2014 to 2020
Lubricants are primarily used to reduce friction between moving surfaces and for better performance of machines. Lubricants can be mainly divided into three product segments including mineral, synthetic and bio-based lubricants. Bio-based lubricants are renewable and biodegradable in nature and are manufactured from either vegetable (palm oil, castor oil, sunflower) or animal derived oils. Being […]
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