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Synthetic Lubricants Market Shares, Size, Application Analysis, Competitive Strategies, Trends and Forecasts to 2024 | Hexa Research
“Projected to grow at a CAGR of almost 2% from 2016 to 2024, Synthetic Lubricants Market is expected to grow significantly over the forecast period owing to growing consumer in emerging countries such as Europe and North America”
The Synthetic Lubricants Market is anticipated to register nearly 2 percent CAGR during 2016 to 2024 (forecast period). This signifies considerable market expansion in the same period. Growing end -users, such as industrial and automotives across developing nations, like China and India, should account for the same. These products are highly popular due to their favorable properties as against conventional lubricants. Some of these properties include wear & tear protection and outstanding thermal stability. The se coupled with heavy ‘load holding’ & low ‘friction’ features are also likely to drive market growth in the near future. Innovative technologies, such as ester-based fire-resistant oils are incorporated across different industries & sectors. Moreover, several major OEMs have imposed food lubrication NSF standards to adopt PAO products in beverages, nutrition, & food sectors. Browse Details of Report @ https://www.hexaresearch.com/research-report/synthetic-lubricants-industry
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