Industrial Lubricants Market by Product, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2016-2024
Based on product, the industrial lubricants industry is categorized into process oil, general oil, metalworking fluid, engine oil, and others.
- Based on product, the industrial lubricants industry is categorized into process oil, general oil, metalworking fluid, engine oil, and others.
- Globally, process oil accounted for the largest share in the industrial lubricants market with more than 30.0% contribution in terms of volume in 2016.
- With the expansion of industrial base of chemical manufacturing, the industrial lubricants market is expected to grow at a significant pace in the forecast period.
- APAC accounted for more than 40.0% share in terms of volume in the industrial lubricants market in 2016.