Tribology is all about reducing friction and to improve the efficiency of machine & life of equipment.
Lubricants play a vital role as an essential component of various industries, from manufacturing to aviation to transportation.
US, China & India are top 3 lubricant producing countries. India alone has annual demand of 3.5 million tons i.e. 10% of global demand of 35 million tons.
It is clearly a sign of high potential of this industry in Indian and international market with a fascinating growth rate of 3.5% CAGR.