Lubricant market Includes Latest Trends, Share, Forecast 2030

The global lubricant market is expected to reach USD 179 billion by 2030, at a CAGR of 4% during the forecast period 2021 to 2030. The lubricant market has grown due to a rise in the demand for high-performance lubricants (owing to their better and improved properties, such as reduced flammability, reduced gear wear, and increased service life).