Title: Lubricants Market - Forecast(2022 - 2027) - PowerPoint PPT Presentation

Description: A report released by the U.S. Energy Information Administration estimates that the total US exports of lubricants reached to 36,215 thousand barrels in 2017. As per The European Automobile Manufacturers Association (ACEA), 98.9 million motor vehicles were produced globally in 2017. Increasing sales of vehicles and rising demand for lightweight as well as heavy-duty vehicles is majorly enhancing the demand for the automotive lubricants. The demand for lubricants from the different sector is creating numerous opportunities in the lubricants market which had a market size of around $123 billion as of 2018. Furthermore, the demand for lubricants will observe a compound annual growth rate (CAGR) of around 2.8% during the forecast period of 2019 to 2025. – PowerPoint PPT presentation