Lubricant Additives Market is projected to expand 2% CAGR from 2019 to 2027
Pythonholic12 Apr, 2021Business
• Global demand for lubricant additives is expected to increase in the near future on account of rising demand from the industrial machinery, automotive, marine, and power sector. Global lubricants consumption is expected to have a direct impact on the demand for lubricant additives. • The global lubricant additive market is projected to grow at a CAGR of nearly 2% between 2019 and 2027. Technological advancement and changing government regulations for emissions is likely to impact the growth for lubricant additives market.
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