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Global Lubricant Market: Industry Analysis and Forecast (2021-2027) Lubricants are applied for a variety of purposes in addition to industrial applications. Cooking (baking to prevent food sticking, oils, and fats in frying pans), bio-applications on humans (e.g., lubricants for artificial joints), ultrasound examination, medical examination are some of the other applications. It is primarily used to reduce friction and aid in the smooth and efficient operation of a device.