Lubricant Market to Reach USD 206.9 Billion by 2034, Growing at...

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2025-05-29 16:48:07 -

Lubricant Market to Reach USD 206.9 Billion by 2034, Growing at 2.6% CAGR

The global lubricant market was valued at USD 151.1 billion in 2023 and is projected to reach USD 206.9 billion by 2034, growing at a CAGR of 2.6% from 2024 to 2034. This growth is driven by increasing demand across automotive, industrial, and marine sectors, along with ongoing advancements in synthetic and bio-based lubricants that enhance performance and environmental sustainability. Unlock...

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