In 2023, the general industry emerged as the second-largest lubricant market, fueled by robust industrial production in emerging markets.

The transportation sector, historically the largest consumer of lubricants globally, is at a critical juncture, navigating the shift towards sustainability without compromising on performance.

As the global energy industry pivots towards more sustainable practices, the demand for bio-lubricants, especially within renewable energy generation, has seen significant growth.

The global growth in transport, energy, and infrastructure sectors is driving an increased demand for sustainable solutions in support industries, notably in mining and construction.