Lubricant Market Growth Driven by Industrial Demand and Automotive Expansion: Expected CAGR of 4.50% Through 2034

BMG’s Liqui Moly additives, oils and lubricants enhance efficiency in many industries

BMG supplies and supports a wide range of Liqui Moly additives, oils and lubricants, developed to enhance efficiencies in many industries. Typical applications include fleet and commercial vehicles and long-haul trucks, as well as heavy-duty machinery used in mining and quarrying, freight, automotive, general engineering, shipping, construction and agriculture. Specifically for these applications, BMG’s high-performance...

Lubricant Market Growth Driven by Industrial Demand and Automotive Expansion: Expected CAGR of 4.50% Through 2034

NEWARK, DE, UNITED STATES, May 15, 2025 /EINPresswire.com/ -- The global lubricants market is set to witness an impressive growth rate of 4.50% over the forecasted years of 2024 to 2034. The market size is anticipated to reach a valuation of around USD 271.68 billion by the end of the year 2034 from the current valuation of USD 174.94 billion in 2024. Several machine lubricants incorporate additive technology to prevent ring belts, gearboxes, an…