The market for synthetic ester lubricants used in telecommunications is expected to grow significantly, reaching an estimated value of USD 170.31 million by 2035. This growth is largely driven by the expansion of 5G networks and increasing demand for telecom infrastructure worldwide. The report covers market segmentation by product type, application, equipment type, end-user, and geographic region.
Rising investments in telecom infrastructure and the need for reliable, high-performance lubricants in advanced telecommunications equipment are key factors supporting market growth. The adoption of synthetic ester lubricants is favored due to their environmental benefits and superior performance compared to conventional lubricants.
**Why this matters**
As 5G technology continues to expand, the telecommunications industry requires materials that ensure efficient operation and longevity of equipment. Synthetic ester lubricants play a crucial role in maintaining the performance and durability of telecom infrastructure, making them an important component in the ongoing development of global communication networks.
Source: NewsData