Introduction
Specialty Lubricants are multi-functional and superior quality lubricants, majorly produced using advanced technologies and high class raw materials. When a machine and equipment encounters so much stress that conventional lubricants cannot be used to reduce it, friction specialty lubricant are applied, according to a report by Persistence Market Research.
Growth in industrialization in emerging economies, increasing demand for highly advanced equipment and machines, rising construction activities across the globe, especially in GCC Countries, China and India etc and growing base of mid- and small-cap industries is expected to propel the consumption of specialty lubricants during the forecast period.
Most of the specialty lubricants are hydrogen free, saturated, have low molecular weight, are chemically inert, non-toxic, have high thermal stability, high dielectric strength, lubricity, long life and high density etc. These properties make specialty lubricants to be the majorly preferred type of lubricants by end users.
Consumption of synthetic oil-based specialty lubricants is expected to grow during the forecast period owing to various properties, such as durability and oxidation stability, enhanced performance at high temperatures etc in comparison to conventional lubricants present in the market.
Introduction
Specialty Lubricants are multi-functional and superior quality lubricants, majorly produced using advanced technologies and high class raw materials. When a machine and equipment encounters so much stress that conventional lubricants cannot be used to reduce it, friction specialty lubricant are applied, according to a report by Persistence Market Research.
Growth in industrialization in emerging economies, increasing demand for highly advanced equipment and machines, rising construction activities across the globe, especially in GCC Countries, China and India etc and growing base of mid- and small-cap industries is expected to propel the consumption of specialty lubricants during the forecast period.
Most of the specialty lubricants are hydrogen free, saturated, have low molecular weight, are chemically inert, non-toxic, have high thermal stability, high dielectric strength, lubricity, long life and high density etc. These properties make specialty lubricants to be the majorly preferred type of lubricants by end users.
Consumption of synthetic oil-based specialty lubricants is expected to grow during the forecast period owing to various properties, such as durability and oxidation stability, enhanced performance at high temperatures etc in comparison to conventional lubricants present in the market.
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