Independent Lubricant Manufacturers Market to See USD 8.5 Billion in 2019
Independent lubricant manufacturers primarily do not have their own refineries. They purchase base oils from major oil suppliers and then blend these oils with additives to make lubricants for industrial manufacturing customers and automobile makers. These lubricant manufacturers generally purchase raw materials from the open market (the chemical and oleo-chemical industry).Independent lubricant manufacturers mainly concentrate on manufacturing and marketing of lubricants and on specialties and niche business.
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