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Showing posts with the label Rust Lubricant Market Demand

Rust Lubricant Market Propelled by Rising Infrastructure Development Activities

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  Rust lubricant are compounds that prevent corrosion and reduce friction between metal parts. Rust lubricant find extensive usage in industrial, automotive, marine and other sectors. They protect metal parts and components from rust and corrosion, extend their work-life and reduce downtime. With growing mechanization and industrialization globally, demand for machinery and equipment has been surging. This is fueling the need for regular maintenance and usage of rust lubricants to protect costly metal assets. The global Rust Lubricant Market is estimated to be valued at US$ 2.5 Billion in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand from the industrial and automotive sectors has been a key trend driving growth in the rust lubricant market. Both sectors require extensive lubrication of metal components to prevent rusting and extend their life. ...

Rust Preventive Lubricants is fastest growing segment fueling growth of the Rust Lubricant Market

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  The global Rust Lubricant Market is estimated to be valued at US$ 50.99 Bn in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Rust Lubricant Market comprises of lubricants that provide effective rust protection for metal parts and components by forming a thin hydrophobic film on metal surfaces. Rust preventive lubricants prevent corrosion and help extending the lifespan of machinery. They are used across diverse industries including automotive, marine, industrial machinery and heavy equipment. Market key trends: One of the key trends in the  Rust Lubricant Market  is the rising adoption of bio-based and environment-friendly lubricants. With growing environmental concerns, manufacturers are increasingly developing bio-lubricants with plant-based additives that help reduce dependence on petroleum-based lubricants. These sustainable lubricants pr...