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Lubricant Market Overview Lubricants are used to reduce heat and wear between contacting surfaces in relative motion. They are indispensable to the proper functioning of machinery because reduce tear and wear between different moving parts. In industrial machinery, they are used to reduce the downtime operations, hence improve the overall productivity of the machine. They possess excellent properties such as rust and corrosion protection, demulsibility, and extended equipment life, which make them suitable for use in numerous end-use application such as marine, construction, industrial, automotive, and others. As per our analysis, some of the important market factors and trends identified in the global lubricants market are rising industrialization, increasing automotive production & sales, continuous growth of the construction sector. Furthermore, rising mining and construction activities in the developing and developed countries are expected to give a new momentum to th...