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"The global petrochemicals market size is projected to reach USD958.8 billion by 2025, expanding at a CAGR of 8.5% over the forecast period. Increasing demand for ethylene, propylene, methanol, and benzene in different end-use industries is anticipated to propel the global market demand. Government support and favorable policies in Asian countries, such as China and India, are expected to further accelerate market growth. The methanol product segment is anticipated to witness robust growth on account of its high demand in the production of formaldehyde gasoline, methanol olefins, and other chemicals. They have a high preference in various end-use industries, including plastic manufacturing, paints and adhesives, construction, automotive, and pharmaceuticals. It is extensively used in the production of biodegradable lubricants, which reduce air pollution and are considered safer than other fuels. The production of biodiesel is supported by regulatory bodies as a measure to reduce carbon footprint."

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Prior to the advent of fiber laser technology, surface modifications were carried out through energy-intensive processes like heating the surface, using a furnace. The engraving was completed by separate tools. The wearing out of tools was a major problem for the industry. Lubrication systems were required to reduce friction at the point of contact.

The drilling and completion fluids market are projected to reach USD 12.76 billion by 2023 from USD 9.62 billion in 2018, at a CAGR of 5.82%. The growth in this market is supported mainly by the increasing onshore and offshore drilling activities and the rising shale gas exploration. Drilling and completion fluids are essential for any onshore or offshore drilling activities. These fluids facilitate the drilling process by suspending cuttings, controlling pressure, stabilizing the exposed rock, and by providing buoyancy, cooling & lubrication.

VXO Anti Backlash Nut design has the greatest design flexibility allowing anti-backlash assemblies through 1 inch diameters. Often imitated, this design offers extreme simplicity. Slightly less stiff than the standard lead screw nuts, but still providing zero backlash up to the preload weight in the catalog specifications. All nuts are made from our internally lubricated Acetal providing excellent lubricity and very low wear.