blogspots

Construction Lubricants Market technology Construction Lubricants Market demand for construction lubricants stood at over USD 13 million in 2018 and the market is expected to register a CAGR of over 4% by the end of 2024. Given the rapid expansion of the equipment fleets, demand for lubricants will continue to rise for the medium if not beyond. A variety of lubricants is available, of which categories such as engine oil, hydraulic oil, and gear oil witness strong demand. The growth of the global construction sector is also proving the tailwinds to the global construction lubricants market . Rising construction and mining activities worldwide is generating substantial market opportunities for construction lubricant. Market Research Future (MRFR) reports that the global construction lubricants market is set to demonstrate a compound annual growth rate (CAGR) of 4% during the forecast period (2019–2024). In 2018, the market stood at a valuation of USD 13 Mn. Lubricants are used in vario