As the global economy gradually recovers post-pandemic, the lubricant market is experiencing steady growth.

Industry analysts report that the demand for both lubricating oil and grease is on the rise, driven by increased manufacturing activities and automobile production. The automotive sector, in particular, is a significant contributor to this trend as vehicles require high-quality lubricants for optimal performance.

Companies are also focusing on R&D initiatives to enhance product quality and extend service life.

Notably, emerging markets in Asia-Pacific and Latin America are witnessing rapid growth, further bolstering global lubricant consumption. This positive outlook is encouraging investments and innovations within the industry, leading to a more competitive market landscape.

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