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Stock impact report

Industrial Lubricants Market Set to Reach USD 68.42 Billion by 2032, Growing at a CAGR of 3.4% | Polaris Market Research [Yahoo! Finance]

Calumet, Inc (CLMT) 
Last calumet, inc earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: calumetspecialty.investorroom.com
Company Research Source: Yahoo! Finance
New York, USA, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Market Overview: The global industrial lubricants market size was USD 51.18 billion in 2023. The market is expected to reach USD 68.42 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.4% during the forecast period from 2024 to 2032. What is Industrial Lubricant? Industrial lubricants are compounds that are used to minimize the wear of materials while reducing friction. Lubricants such as fluids, greases, and oils are used in various industrial applications to ensure smooth operation between moving parts in machinery and equipment. They also play a crucial role in preventing corrosion and, importantly, in reducing energy loss due to friction, thereby enhancing the overall efficiency and reliability of the plant. They are available in various forms, including mineral oil lubricants, synthetic lubricants, greases, liquid and solid lubricants, greases, and bio-based lubricants, each suitable for specific appli Show less Read more
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