Virgin Galactic's VSS Unity Flies Tourists to Space for First Time

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Virgin Galactic's VSS Unity Flies Tourists to Space for First Time Virgin Galactic's VSS Unity, a reusable rocket-powered space plane, successfully flew six tourists to space for the first time on Thursday. The mission, known as Galactic 02, took off shortly after 11am ET from Spaceport America in New Mexico. The flight reached an altitude of 55.5 miles (89.3 kilometers), which is above the internationally recognized boundary of space. The passengers on board experienced a few minutes of weightlessness and got to see the curvature of the Earth. The flight was a major milestone for Virgin Galactic, which has been developing its space tourism business for over a decade. The company plans to start selling tickets to the public later this year, with a price tag of $450,000 per seat. The successful flight of VSS Unity is a sign that space tourism is becoming a reality. In the coming years, we can expect to see more and more people taking trips to space, as the cost of space travel c...
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The Global Lubricants Market: What You Need to Know

The Global Lubricants Market: What You Need to Know

The global lubricants market is expected to reach a value of USD 188.30 billion by 2030, growing at a CAGR of 4.20% from 2022 to 2030. The growth of the market is being driven by a number of factors, including the increasing demand for lubricants from the automotive, industrial, and manufacturing sectors.


Lubricants are used to reduce friction between moving parts, which helps to improve efficiency and extend the lifespan of equipment. They are also used to protect equipment from corrosion and wear. The automotive sector is the largest end-user market for lubricants, accounting for over 40% of the total market. The industrial sector is the second largest end-user market, accounting for over 30% of the total market.

The growth of the global lubricants market is being driven by a number of factors, including:

  • The increasing demand for lubricants from the automotive, industrial, and manufacturing sectors.
  • The growing adoption of advanced technologies, such as synthetic lubricants, which offer better performance and longer lifespan.
  • The increasing awareness of the importance of lubrication in reducing friction and wear.
  • The growing demand for lubricants from emerging economies, such as China and India.

The global lubricants market is segmented on the basis of base oil, product, and end-user industry. The base oil segment is further segmented into mineral oil, synthetic oil, and bio-based oil. The product segment is further segmented into engine oil, gear oil, grease, and others. The end-user industry segment is further segmented into automotive, industrial, manufacturing, and others.

The growth of the global lubricants market is being led by the Asia Pacific region, followed by North America and Europe. The Asia Pacific region is expected to continue to be the fastest growing region for the lubricants market, due to the increasing demand from the automotive and industrial sectors.

The global lubricants market is a competitive market, with a number of major players, including Shell, ExxonMobil, BP, Total, and Chevron. These companies are investing in research and development to develop new and innovative lubricants that meet the needs of the market.

The global lubricants market is a dynamic market, and the landscape is constantly changing. The growth of the market is being driven by a number of factors, including the increasing demand from emerging economies and the adoption of advanced technologies. The market is also facing a number of challenges, such as the growing environmental concerns and the increasing competition from substitutes.

Overall, the global lubricants market is a promising market with good growth potential. The market is expected to grow at a steady pace in the coming years, driven by the increasing demand from end-user industries.

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