The global copper wire drawing lubricants market size was valued at USD 800 million in 2023 and is projected to grow to USD 1.2 billion by 2032, expanding at a CAGR of 4.5%. The increased demand for copper wires in various applications like telecommunications, electrical wiring, and automotive sectors, coupled with the growing shift toward electric vehicles, is accelerating this market's...

Global Contact Lubricants Market Set for Significant Growth, Driven by Increasing Industrial Applications and Technological Advancements Rising from USD 1.5 billion in 2023 to USD 2.3 billion by 2032, the contact lubricants market is expected to grow at a 4.9% CAGR. The automotive sector's growth, driven by the proliferation of EVs and autonomous vehicles, increases the demand for reliable...

The global lubricants market size was estimated at USD 139.44 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2030. This is attributed to the growing demand for automotive oils and greases due to the growing trade of vehicles and spare parts. Lubricants are an essential part of rapidly expanding industries. They are used between two...

The global lubricants market size is expected to reach USD 180.21 billion by 2030, registering a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. Growth in demand for biobased lubes owing to their eco-friendly characteristics is poised to pave way for higher demand over the coming years. Furthermore, the manufacturers are shifting and...