Lubricants & Greases Procurement Intelligence anticipated to grow at a CAGR of 4.0% from 2023 to 2030
Lubricants & Greases Procurement Intelligence The lubricants & greases category is anticipated to grow at a CAGR of 4.0% from 2023 to 2030. The growth is attributed to the rising trade of vehicles & spare parts and the demand for automotive oils. There is a significant increase in the utilization of eco-friendly industrial lubricants & greases due to rising environmental awareness which has resulted in the need of more energy-conserving and green industrial solutions. These solutions are made using organic, and biodegradable ingredients and they offer premium protection that increases the life of machinery and reduces waste. Additionally, determining the correct ISO viscosity grade and viscosity index while choosing industrial lubricants is also crucial as it is used to measure the stability, and flow resistance of the lubricants. Order your copy of the Lubricants & Greases category procurement intelligence report 2023-2030 , published by Grand View Res...