Global Contact Lubricants Market Projections 2032
With a forecasted increase from USD 1.5 billion in 2023 to USD 2.3 billion by 2032, the contact lubricants market is set to achieve a 4.9% CAGR. The automotive industry's advancements in EVs and autonomous driving technologies have elevated the demand for reliable lubrication solutions. The industrial machinery sector's need for lubricants to maintain operational efficiency is also a significant growth driver.
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