17
Dec
The global lubricant market is expected to observe a CAGR of 2.18% during the stipulated time frame of 2018-2023. This is aided as the global lubricant market is predicted to expand with the increasing demand of high-maintenance personal automobiles. What are lubricants? Lubricants are chemicals that are employed to reduce friction between two bodies in relative motion to prevent the generation of unwanted heat and erosion of the substances. The physical state of lubricants can range from being liquid, solid, semi-liquid, or gaseous. Lubricants can be used as antifoaming, antiwear or as antioxidant agents. They can also be employed to…