FMI: Industrial Lubricants Market Revenue, Opportunity, Forecast and Value Chain 2015-2025
Industrial lubricants are defined as the fluid used to lessen the wear and tear of materials and also to reduce friction. Industrial lubricants can be either water based or petroleum based. Their primary function is to avoid metal to metal contact amongst the tools or finished components. Industrial lubricants exhibit good corrosion protection properties, excellent demulsibility and help extend the equipment life. It is used in variety of equipments to yield a particular performance level. They help achieve higher productivity and also improve efficiency of machineries. The industrial lubricants can be used in variety of applications such as automotive, industrial machinery, mining, hydraulic and many others.
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