According to the report, the global synthetic lubricants industry generated $12.0 billion in 2018, and is expected to reach $18.8 billion by 2026, registering a CAGR of 5.8% from 2019 to 2026. Chief reasons for market fluctuations Surge in production and sales of automotive, rise in popularity of synthetic lubricants, and development of transportation infrastructure drive the growth of …
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