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Industrial Lubricants Market Expansion: How Key Industries are Shaping Future Demand

The industrial lubricants market is poised for substantial growth, fueled by the booming construction industry, the expansion of the oil and gas sector, and the dynamic automotive industry. These sectors are driving the demand for high-quality, performance-enhancing lubricants, creating a robust environment for market expansion.
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Electrical Steel Market to Exceed US$ 44.3 Billion Valuation by 2033 at 6.5% CAGR

The electrical steel market is estimated at US$ 42,135.7 million in 2023, with a projected value of US$ 44,326.7 million by 2033. The demand for electrical steel is expected to rise at a CAGR of 6.5% from 2023 to 2033. The electrical steel industry is propelled by the increasing demand for electricity across various sectors, including energy, automotive, and manufacturing.
The emphasis on energy efficiency and the rapid expansion of the renewable energy sector contribute to the heightened demand for electrical steel products. Moreover, the ongoing advancements in electrical infrastructure, such as the modernization of power grids and the development of smart cities, bolstered the need for high-quality electrical steel.
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Personal Care Industry Growth Propels Dodecanol Market to US$ 800 Million by 2032

The global dodecanol market is estimated to reach a valuation of US$ 800 million in 2032, with sales growing at a positive CAGR of 6% from 2022 to 2032. Valued at US$ 330 million in 2021, the market came up to US$ 335 million in 2022. The expanding personal care industry and escalating use of dodecanol in products like fabric softeners, fatty alcohol-based detergents, and skin care products are responsible for the steady growth of the dodecanol market during this period of observation.
Though dodecanol is mainly used as a chemical intermediate in the production of dodecyl sulphate and dodecyl ethoxylate, it is also a vital raw material in the production of surfactants. Dodecanol also gains extensive application in the pharmaceutical industries, in the production of lubricating oils, flavoring agents, and as an emollient. The chemical is also used in pear and apple orchards as a Lepidopteran pheromone attractant as well as to disrupt the mating behavior of certain moths, the larvae of which destroy crops. Thus, the use of dodecanol in formulations of plant metabolites, insecticides, and pesticides in the agricultural sector also aids the growth of the dodecanol market in the upcoming years.
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