Flourishing manufacturing g landscape in Asia is likely to be a key growth-driving factor for the industry in future. Additionally, high demand for lubricants has also resulted in a shift in global production landscape to the eastern hemisphere, with China and India emerging as major hubs. The Global Industrial Lubricants Market size is expected to reach USD 68.41 billion by 2024, according to a new report by Grand View Research, Inc., registering a revenue-based CAGR of 4.3% during the forecast period. The global industry is characterized by stringent regulations in Europe and North America, where ecolabel norms and environmental standards have prompted companies to develop bio-based feedstock for production and assess emissions associated with the lifecycle of lubricants. Moreover, the industry has been witnessing increasing demand for process oils, industrial engine oils, and general oils across metalworking, energy, and chemicals manufacturing sectors, which indicates a posit