Lubricants are forecast to have a market value of over 190 billion U.S. dollars worldwide by 2027. Lubricants are substances used to reduce friction between surfaces that have contact in order to reduce wear and tear on those materials.
Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027
(in billion U.S. dollars)
Characteristic
Market value in billion U.S. dollars
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MarketsandMarkets. (November 4, 2022). Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets. "Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars)." Chart. November 4, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets. (2022). Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets. "Market Value of Lubricants from Base Oils Worldwide in 2022, with a Forecast for 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Nov 2022, https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets, Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1072124/global-lubricants-market-size/ (last visited July 22, 2024)
Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars) [Graph], MarketsandMarkets, November 4, 2022. [Online]. Available: https://www.statista.com/statistics/1072124/global-lubricants-market-size/