Global Contact Lubricants Market Trends and Forecast 2032

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Expected to grow from USD 1.5 billion in 2023 to USD 2.3 billion by 2032, the contact lubricants market is anticipated to expand at a 4.9% CAGR. The automotive sector's advancements in EVs and autonomous technologies drive the need for complex lubrication solutions. The industrial machinery sector's reliance on lubricants for maintaining operational efficiency is another key contributor to market growth.