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The global industrial lubricants market is expected to grow at a stable CAGR of 4.4% over the projection period from 2022 to 2032. The global market is expected to be valued at US$ 21,832 Million in 2022 and predicted to reach US$ 33,582 Million in 2032. Growth is attributed to the surging usage of IoT-based applications. Based on the historical estimations ranging from 2016 to 2021, the industrial lubricants market registered a stagnant growth at a CAGR of 3.1%. <br>
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