Developing Countries Driving the Global Lubricating Oils Market
- Metal Working Fluid Magazine
- Melvin Sun
- Issue Time
Global market for Lubricating Oils and Greases is projected to reach 11.9 billion gallons by 2018, primarily driven by growing consumption in developing countries and strong demand for Synthetic and Biodegradable Lubricants. As stated by the new market research report on Lubricating Oils and Greases, Asia-Pacific represents the largest and the fastest growing market with sales projected to grow at a CAGR of 4.1% over the analysis period. Refer article link for more details.
Source:Metal Working Fluid Magazine,USA