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TechNavio’s analysts forecast the Global Lubricant market to grow at a CAGR of 2.68 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for superior-quality lubricants from the Motor Vehicle aftermarket. The Global Lubricant market has also been witnessing the increase in outsourcing of manufacturing activities to APAC region. However, the increase in the price of lubricants could pose a challenge to the growth of this market.
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