The Poland Industrial Lubricants Market is expected to reach USD 195.3 million by 2023 from USD 156.8 million in 2016, expanding at CAGR of 3.29 % from 2017-2023. Rapidly expanding industrial base coupled with escalating investments in construction sector is expected to drive demand for industrial lubricants over the forecast period. The growth drivers for manufacturing sector in the country include availability of large pool of skilled labor and technological know-how along with favorable foreign investment norms. Robust growth in niche sectors, for instance, 3D printing and medical devices, is expected to positively support the industrial growth rate. Increasing mining activities in the country has led to a significant rise in demand over the past few years. The key strategies followed by most companies in the market are, agreements and collaborations, mergers and acquisitions, joint ventures and expansion. Total started up the lubricants oil blending plant in Singapore with annual capacity of 310,000 metric tons, whereas BP signed a production sharing contract (PSC) with China National Petroleum Corporation (CNPC). This deal will result in combined operational expertise of both BP and CNPC in the field of exploration, development, and production of shale gas to jointly realize the efficient development of unconventional resources. Such developments within key industry participants is expected to result in improved product offerings at optimum price levels and benefit overall industry growth.
Get Complete Report @ https://www.marketresearchfuture.com/reports/poland-industrial-lubricants-market-4338
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Research Future
+1 646 845 9312