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)
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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 November 23, 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 November 23, 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: November 23, 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 November 23, 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/
