According to the research report, the global lubricants market is primarily fueled by the growing automotives market. Lubricants refer to substances that are used for reducing friction between moving surfaces, thereby ensuring a smoother mechanical performance. The market for bio-based lubricants is witnessing robust growth due to government support that promotes the consumption of bio-based lubricants, which help in reducing the emission of greenhouse gases.
Technology Trends Lubricants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031
Lubricants Market: Introduction
According to the research report, the global lubricants market is primarily fueled by the growing automotives market. Lubricants refer to substances that are used for reducing friction between moving surfaces, thereby ensuring a smoother mechanical performance. The market for bio-based lubricants is witnessing robust growth due to government support that promotes the consumption of bio-based lubricants, which help in reducing the emission of greenhouse gases. Water separation characteristics, viscosity index, low volatility, thermal and oxidation stability, anti-corrosion, and low carbon formation are the different parameters in terms of which lubricants vary.
