Lubricants Market Analysis by Product- Mineral Oil, Synthetic and Bio-Based - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020

Albany, NY -- (SBWIRE) -- 04/28/2017 -- Lubricants are very important for the proper functioning of a machine. The primary function of lubricants is to reduce friction, and wear & tear. Lubricants protect against sludge formation and residual deposition over mechanical parts. They are also used to transfer heat, as seals for gases, transmit power, and prevent rust and corrosion. Lubricants are manufactured from base oils. The desired properties are imparted to lubricants by blending base oils with various additives such as viscosity index improvers, dispersants, and detergents. Lubricant additives improve the functioning and lifespan of lubricants.