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Rising Automobile Sales in Developing Countries Driving Lubricants Demand

Globally, the Asia-Pacific region dominated the lubricants market in the preceding years, and it is expected to maintain its lead in the forthcoming years as well. This can be ascribed to the rapid shift of manufacturing plants from Western countries to Asian nations, especially China and India, owing to the presence of flexible environmental laws and the availability of low-cost labor in these countries. Additionally, the increasing vehicle production and sales will also fuel the consumption of lubricants in the region.
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