Global Lubricants Market to Reach US$ 163.37 Bn by 2026
Aerospace lubricants is expected to witness a highly promising growth in the coming years of the forecast period. The growth of the segment is because of the long-lasting lubrication offered by the product and its demand across several end-user application industries. In addition to this, aerospace lubricants are highly reliable and thus are witnessing an increased demand because of their ability to operate effectively in high vacuum and extreme temperatures. The aerospace components typically need higher levels of maintenance because of the growing regulatory standards. Moreover, aircrafts are also witnessing increasing demand from the defense sector and thus driving the growth of the lubricants market.