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Significant increases in the mining of coal, iron ore, and other industrial minerals throughout the world are predicted to increase demand for mining lubricants for continuous maintenance of mining equipment and for numerous other mining sector uses.
Rising adoption of bio-based lubricants is one of the primary growth factors boosting demand for bio-based lubricants over synthetic, hence contributing to the growth of the worldwide Mining Lubricant business. The global recovery of the petrochemical sector is being expedited by rising per capita disposable income and increased mining of various ores to fulfil the demand for various metals.
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