Lubricants demand in India to grow, to go flat in other big markets: Kline & Co. report
According to Kline’s ‘Global Lubricants 2022: Market Analysis and Assessment’s report, India’s lubricant market will grow at a CAGR of 3% through 2027. Among the top five major lubricants-consuming countries, India is the only one with strong lubricant demand growth potential. In contrast, other markets such as the United States, China, Japan, and Russia are likely to witness a decline or slowdown in lubricant demand growth.
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