Lubricants and Greases

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The Lubricants and Greases market is a vital sector within the chemicals and materials industry, focused on substances designed to reduce friction, wear, and heat between moving surfaces in mechanical systems. Lubricants (predominantly oils) and greases (semi-solid mixtures of oil, thickeners, and additives) are essential for enhancing equipment efficiency, preventing corrosion, and extending the operational life of machinery. 2026-2033

Global lubricants and greases market is valued in the hundreds of billions of US dollars. Fueled by industrial expansion and automotive demand, it is projected to grow steadily, reaching an estimated value of over $200 billion by 2033. The market is forecast to exhibit a Compound Annual Growth Rate (CAGR) of approximately 3.5% to 4.0% between 2026 and 2033, driven by the strong adoption of premium synthetic and specialized lubricants.

CSTM






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