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[English Market Research Report] World Market for Asphalt, Lubricants, and Greases

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North America was the largest region in the asphalt, lubricants, and grease market in 2023. The Asia-Pacific region was the second largest in the asphalt, lubricants, and grease market. The regions covered in the asphalt, lubricants, and grease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East and Africa.

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[English Market Research Report] Global Market for Mining Lubricants

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The global market size for mining lubricants was valued at 6.64 billion USD in 2022 and is expected to grow from 6.89 billion USD in 2023 to 9.29 billion USD by 2031, with a projected CAGR of 3.8% during the forecast period (2024-2031).

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【English Market Research Report】World Market for Lubricants

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The market size of lubricants is projected to expand from 173.5 billion USD in 2024 at a CAGR of 2.7%, reaching 198.4 billion USD by 2029. This report investigates the global lubricants market, summarizing trends by base oil type, product type, end-use industry, region, and profiles of companies entering the market.

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【English Market Research Report】World Market for Synthetic Lubricating Oils

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The global market size for synthetic lubricants was $17.87 billion in 2022, with a projected CAGR of 4.1% during the forecast period (2024-2031), expected to grow from $18.6 billion in 2023 to $25.66 billion by 2031. Synthetic lubricants, composed of esters and polyalphaolefins (PAO), are artificial lubricants derived from synthetic base oils, serving as an alternative to mineral oils extracted from crude oil. Market growth is driven by the enhanced properties of synthetic lubricants, which include the ability to absorb heat from moving automotive parts and transfer it to coolers and sumps to manage temperature. This demand is propelled by various end-use industries, such as automotive and industrial machinery, where synthetic lubricants are preferred.

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