Expected to grow from USD 1.5 billion in 2023 to USD 2.3 billion by 2032, the contact lubricants market will expand at a 4.9% CAGR. The automotive sector’s increasing focus on electric vehicles and autonomous driving technologies fuels the need for advanced lubrication solutions for electrical components. Additionally, the industrial machinery sector’s reliance on lubricants to maintain machine efficiency further drives the market growth.