Global Lubricants Market: Demand Analysis and Growth Forecast

Lubricants are the preferred stimulants for a smooth run of heavy-duty equipment and machinery. Increasing demand for these lubricants is owing to the increasing economic development and companies focus to optimal capacity and complexity management. Lubricants are actually intended to reduce the friction between mutual contact surfaces that is known as lubricity. An optimal lubricant possesses a high boiling point, low freezing point, thermal stability, high viscosity index, demulsibility, hydraulic stability, high resistance to oxidation and corrosion prevention properties. Present lubricants are more advantageous as they protect against the hazardous environment, and heavy loads along with the reduction in downtime, and labor costs as well.

The global lubricants market size hovered around $123 billion as of 2018 and is set to grow at a CAGR of 2.8% during the forecast period of 2019 to 2025. The report is published by market research firm IndustryARC, and is titled: Lubricants Market: By Type (Engine Oil, Gear Oil, Hydraulic Fluid, Metalworking Fluids, Greases, Turbine Oil, Compressor Oil, Others) Base Oil (Mineral, Synthetic, Bio-based, Others) Application (Automotive, Industrial, Others) & Geography – Forecast (2019-2025).”

Global Lubricants Market: Leading Segments

Asia-pacific region held a dominating share that is around 42% in the global lubricants market in 2018. In Sri Lanka, vehicle population has increased to 7,247,122 in 2017 from 6,795,469 in 2016. This increase is due to the growth of automotive lubricants that is it holds 70% sales of the Sri Lanka lubricants market. Automotive lubricants are providing several requirements of an industry by satisfying stringent specification. Therefore automotive application is estimated to be the fastest growing application with a notable CAGR of 5.2% over the forecast period 2019-2025.

Global Lubricants Market Trends

Growing advanced lubrication needs are attracting the OEMs to switch their choice and preference from conventional oils to the synthetic oils as they have exceeding capabilities.
Long life to equipment and high performance offered by lubricants are gaining traction of consumers and increasing the consumer base of lubricants in Asian countries more
In 2018 ExxonMobil Corporation, the largest publicly traded international oil and gas company acquired MPM Lubricants, which is a key consumer automotive companies. This acquisition was aimed to expand lubricants innovative product portfolio and enhance the consumer’s productivity in Indonesia. In 2017, ExxonMobil Corporation has signed an agreement to acquire Jurong Aromatics Corporation Pte Ltd which manufactures aromatics and transportation fuels.
In 2019 Brenntag, the market frontrunner in chemical distribution has acquired the lubricants division of Reeder Distributors, Inc, which is an integrated lubricant distributor in U.S. to strengthen the U.S. lubricants business.

Global Lubricants Market: Competitive Landscape

Royal Dutch Shell PLC, ExxonMobil Corporation, British Petroleum Plc, Chevron Corporation, Total SA, Petrochina Company Limited, Sinopec Limited, Lukoil, Fuchs Petrolub AG, and Idemitsu Kosan Co. Ltd. are the major strategic players which are holding maximum market share in the global lubricants market

Talk to one of our sales representative about the full report by providing your details in the link below:
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Related Reports:

Industrial Lubricants Market: By Type (Gear, compressor, hydraulic, turbine, metal working, bearing, coolants, penetrating oils); By compound (fluids, greases, oils); By applications (air compressors, bearings, food machinery, gas engines, gears, hydraulics, machining, turbines, power generation); By end-user Industry (automotive, aerospace, military, marine, chemicals, food processing, textiles, railroads, construction, agriculture, timber and logging); By Geography - Forecast (2018-2023)
https://www.industryarc.com/Report/15901/industrial-lubricants-market.html

Indian Industrial Lubricants Market: By Type (Gear, Compressor, Hydraulic, Turbine, Metal Working Lubricants & Others), By Application (Automotive, Marine, Power Generation, Chemicals, Food Processing, Textiles & Others) & By Geography - Forecast(2018 - 2023)
https://www.industryarc.com/Report/18243/indian-industrial-lubricants-market-research-report-analysis.html

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager
Email: sales@industryarc.com
Contact Sales: 1-614-588-8538 (Ext-101)

Indian Industrial Lubricants Market: Demand Analysis and Growth Forecast

Increased investments in the oil and gas industry will ensure the prosperity of the Indian industrial lubricants market, reassures a new business intelligence from IndustryARC. As per the evaluations of the analyst, the Indian industrial lubricants market size was around $4.68 billion in 2018, and is set to grow with a healthy CAGR of nearly 4.6% over the forecast period 2019-2025. The report is titled: “Indian Industrial Lubricants Market: By Type (Gear, Compressor, Hydraulic, Turbine, Metal Working Lubricants & Others), By Application (Automotive, Marine, Power Generation, Chemicals, Food Processing, Textiles & Others) & By Geography – Forecast (2019-2025).”

Browse 53 Market Tables, 176 Figures spread through 132 slides and an in-depth TOC “Indian Industrial Lubricants Market (2019 - 2025)”

Indian Industrial Lubricants Market: Leading Segments

According to a research analyst estimation, the automotive and oil & gas applications are growing at a faster rate that is with a profitable CAGR of around 7% during the forecast period 2019-2025. As industrial lubricants cope up with the technological innovations to enhance the productivity in the automotive industry and also to reduce adverse environmental effects. Day-to-day developments in industrial lubricants support the equipment to run with greater efficiency and superior reliability. Uninterrupted demand for these lubricants to enhance the longevity of critical automotive components is fuelling the growth of automotive applications in the Indian industrial lubricants market. Growing usage of industrial lubricants to improve the optimal functionality of a mechanical system, and also moving parts in compressors, generators, pumps, fans, blowers, shakers, cranes, thrusters, valves, in the oil & gas industry, in addition to this it plays a crucial role in avoiding system failures. India is the third largest energy consumer in the world.

According to the India Brand Equity Foundation organization, demand for primary energy rises in India and it is estimated to reach 1,516 million tonnes of oil by 2035. Increasing number of investments by OEMs are driving the robust growth of oil and gas industry in India.

Indian Industrial Lubricants Market Trends

Lubricant researchers and formulators effort resembling new formulations and effective lubricants
High performance and oxidation properties of industrial lubricants gaining traction from automotive electrical motor applications
Rising adoption of higher quality lubricants by OEMs, which in turn increases the value of the equipment

Growing demand for technologically superior specialty lubricants gearing up the Indian customers demand to augment profitability and maintain significant cost savings
In 2019, Shell Lubricants signed an agreement to be a partner of Mahindra and Mahindra to provide high-performance automotive lubricants in India

Lubricant is a combination of 90% base oils and 10% additives. Hydrogenated polyolefins, esters, silicones, and fluorocarbons are some of the vegetable oils which are used as base oils. Additives offer upgraded viscosity index, reduced friction and wear, amplified viscosity; and resistance to corrosion and oxidation. Industrial lubricants protect equipment and provide advanced operation in low or high temperatures, wet environments, even under high loads. These lubricants offer non-stop protection to the engine of the bike. Different type of lubricants is used in bikes, cars, trucks, buses and in other transport systems to ensure safety along with increased sustainability through their operations. Newly developed lubricants support the low emission diesel engines and also in extending the engine life cycle. Widespread applications of these lubricants across various industry verticals such as automotive, energy, mining, marine, textiles, food processing, chemicals, paper processing and metal working processes is boosting the growth of Indian industrial lubricants market.

Indian Industrial Lubricants Market: Competitive Landscape

Some of the key strategic players involved in the Indian industrial lubricants market are Gulf Oil Lubricants India., Indian Oil Corporation Ltd., Castrol (BP Plc)., Hindustan Petroleum Corporation Limited., and Veedol.

Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=18243

Related Reports:

Industrial Lubricants Market: By Type (Gear, compressor, hydraulic, turbine, metal working, bearing, coolants, penetrating oils); By compound (fluids, greases, oils); By applications (air compressors, bearings, food machinery, gas engines, gears, hydraulics, machining, turbines, power generation); By end-user Industry (automotive, aerospace, military, marine, chemicals, food processing, textiles, railroads, construction, agriculture, timber and logging); By Geography - Forecast (2018-2023)
https://www.industryarc.com/Report/15901/industrial-lubricants-market.html

Industrial Gear Oils Market: By Gear Configuration (Worm Gears, Spur Gears, Helical Gears, Bevel Gears, others); By Application (Wind Turbine Gearboxes, Shock loads, Mining Machinery, Extreme loads, etc.); by Make-up (Synthetic, Mineral oil, Additives, Bio-based, Others) & Geographic Analysis - Forecast (2018-2023)
https://www.industryarc.com/Report/1307/Industrial-gear-oils-market-analysis.html

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager
Email: sales@industryarc.com
Contact Sales: 1-614-588-8538 (Ext-101)

Indian Industrial Lubricants Market: Demand Analysis and Growth Forecast

Increased investments in the oil and gas industry will ensure the prosperity of the Indian industrial lubricants market, reassures a new business intelligence from IndustryARC. As per the evaluations of the analyst, the Indian industrial lubricants market size was around $4.68 billion in 2018, and is set to grow with a healthy CAGR of nearly 4.6% over the forecast period 2019-2025. The report is titled: “Indian Industrial Lubricants Market: By Type (Gear, Compressor, Hydraulic, Turbine, Metal Working Lubricants & Others), By Application (Automotive, Marine, Power Generation, Chemicals, Food Processing, Textiles & Others) & By Geography – Forecast (2019-2025).”

Browse 53 Market Tables, 176 Figures spread through 132 slides and an in-depth TOC “Indian Industrial Lubricants Market (2019 - 2025)”

Indian Industrial Lubricants Market: Leading Segments

According to a research analyst estimation, the automotive and oil & gas applications are growing at a faster rate that is with a profitable CAGR of around 7% during the forecast period 2019-2025. As industrial lubricants cope up with the technological innovations to enhance the productivity in the automotive industry and also to reduce adverse environmental effects. Day-to-day developments in industrial lubricants support the equipment to run with greater efficiency and superior reliability. Uninterrupted demand for these lubricants to enhance the longevity of critical automotive components is fuelling the growth of automotive applications in the Indian industrial lubricants market. Growing usage of industrial lubricants to improve the optimal functionality of a mechanical system, and also moving parts in compressors, generators, pumps, fans, blowers, shakers, cranes, thrusters, valves, in the oil & gas industry, in addition to this it plays a crucial role in avoiding system failures. India is the third largest energy consumer in the world. According to the India Brand Equity Foundation organization, demand for primary energy rises in India and it is estimated to reach 1,516 million tonnes of oil by 2035. Increasing number of investments by OEMs are driving the robust growth of oil and gas industry in India.

Indian Industrial Lubricants Market Trends

Lubricant researchers and formulators effort resembling new formulations and effective lubricants
High performance and oxidation properties of industrial lubricants gaining traction from automotive electrical motor applications
Rising adoption of higher quality lubricants by OEMs, which in turn increases the value of the equipment

Growing demand for technologically superior specialty lubricants gearing up the Indian customers demand to augment profitability and maintain significant cost savings
In 2019, Shell Lubricants signed an agreement to be a partner of Mahindra and Mahindra to provide high-performance automotive lubricants in India

Lubricant is a combination of 90% base oils and 10% additives. Hydrogenated polyolefins, esters, silicones, and fluorocarbons are some of the vegetable oils which are used as base oils. Additives offer upgraded viscosity index, reduced friction and wear, amplified viscosity; and resistance to corrosion and oxidation. Industrial lubricants protect equipment and provide advanced operation in low or high temperatures, wet environments, even under high loads.

These lubricants offer non-stop protection to the engine of the bike. Different type of lubricants is used in bikes, cars, trucks, buses and in other transport systems to ensure safety along with increased sustainability through their operations. Newly developed lubricants support the low emission diesel engines and also in extending the engine life cycle. Widespread applications of these lubricants across various industry verticals such as automotive, energy, mining, marine, textiles, food processing, chemicals, paper processing and metal working processes is boosting the growth of Indian industrial lubricants market.

Indian Industrial Lubricants Market: Competitive Landscape

Some of the key strategic players involved in the Indian industrial lubricants market are Gulf Oil Lubricants India., Indian Oil Corporation Ltd., Castrol (BP Plc)., Hindustan Petroleum Corporation Limited., and Veedol.

Talk to one of our sales representative about the full report by providing your details in the link below:
https://industryarc.com/support.php?id=18243

Related Reports:

Industrial Lubricants Market: By Type (Gear, compressor, hydraulic, turbine, metal working, bearing, coolants, penetrating oils); By compound (fluids, greases, oils); By applications (air compressors, bearings, food machinery, gas engines, gears, hydraulics, machining, turbines, power generation); By end-user Industry (automotive, aerospace, military, marine, chemicals, food processing, textiles, railroads, construction, agriculture, timber and logging); By Geography - Forecast (2018-2023)

https://industryarc.com/Report/15901/industrial-lubricants-market.html

Industrial Gear Oils Market: By Gear Configuration (Worm Gears, Spur Gears, Helical Gears, Bevel Gears, others); By Application (Wind Turbine Gearboxes, Shock loads, Mining Machinery, Extreme loads, etc.); by Make-up (Synthetic, Mineral oil, Additives, Bio-based, Others) & Geographic Analysis - Forecast (2018-2023)

https://industryarc.com/Report/1307/Industrial-gear-oils-market-analysis.html

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager
Email: sales@industryarc.com
Contact Sales: 1-614-588-8538 (Ext-101)

A recent business intelligence report from Industry ARC, titled “Lubricants Market: By Type (Engine Oil, Gear Oil, Hydraulic Fluid, Metalworking Fluids, Greases, Turbine Oil, Compressor Oil, Others) Base Oil (Mineral, Synthetic, Bio-based, Others) Application (Automotive, Industrial, Others) & Geography - Forecast(2018 - 2023),” suggests that the lubrication market is projected to a steady growth in the near future.

Lubricants Market Overview

The global industrial lubricant market was valued at $98,845.5 million in the year 2017 and is projected to reach 118,474.22 million by 2023 expanding at a CAGR of 3.69% during the forecast period 2018 to 2023. Furthermore, the proliferating demands from the automotive aftermarket industry from both the developed and developing countries is contributing to the growth trail in the lubricants market. The swelling ownership of electric vehicles is anticipated to hold the largest potential for the lubricants market. Other than the automotive industry, the mechanical machinery involving huge machines applied for manufacturing purposes is estimated to harness significant shares in the lubricants market. Factory and industrial automation is emerging at its full pace, with this increment in automation the employment of automatic mechanical equipment will back the lubricants market tremendously.

Lubricants are a mixture of additives in oil base. Lubricants are used to reduce friction, corrosion, and wears between two surfaces. They may exist in the form of a solid, liquid or plastic substance. According to its applications, lubricants market is segmented into automotive lubricants and industrial lubricants. Many different substances can be used for lubrication, but grease and oils are majorly preferred. Grease consist of thickening agent, which provides the consistency and oil is used to obtain lubricity in between the surface. These oils could be a mineral based, synthetic or vegetable oil or may exist as a combination of these.

Browse 63 Market Tables, 177 Figures spread through 146 slides and an in-depth TOC on “Lubricants Market (2018 - 2023)”

Lubricants Market Trends

The industrial and factory automation market was worth $129.45 billion in the fiscal year 2017 and is growing at a CAGR of 4.9%. This tremendous growth will impact massively on the lubricants market. The employment of automated machines will virtue lubricants in huge amounts. The introduction of mechanical robots in this industry is advocating the growth in the lubricants market.

The lucrative demands from the construction industry is proving to be a boon for the global market. The consistently rising construction infrastructure involves the development of lifts, doors, and windows. Lubricants are used to tackle friction at these particulars. Lubricants are extensively being applied at multiple construction points to avoid corrosion owing to their trait that prevents oxidation in metals.

The automotive industry is considered as the largest segment of the lubricants market as it is used vigorously in each and every type of motored vehicles. It is applicable at multiple locations in a vehicle such as wheels, motors, doors, and axle. Lubricants are widely used in trains and airplanes to lubricate various parts of the machinery. Polyalphaolefin is the most common synthetic lubricant used in the automotive sector. This is applied in gears, hydraulics, and bearings for the lubrication in the extreme cold or hot environment.

Due to the limited natural resources, the lubricants market is facing many regulations in the manufacturing of lubricants. Governments in developed nations are pressurizing the adoption of organic lubrications. Following the trend, the use of mineral oils has been subsequently reduced in the production of lubricants.

The enormous on-going adoption of alternate energy has been possible because of machines such as windmill and water motor turbines. Lubricants are used to assure the smooth turbine movement in these motors. The global shift towards alternative energy is booming, so will the application of lubricants shall increase.

Lubricants are used to reduce friction between surfaces during movement. These majorly exist of two types; automotive and industrial lubricants. The automotive industry is the major growth driver for the lubricants market. The introduction of organic lubricants is being proposed by the major OEM’s as a result of the regulation imposed by various governments.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://industryarc.com/support.php?id=11709

Related Reports:

Synthetic Lubricants Market: By Base Oil (PAO, Esters, Group III, PAG, and Others); By Application (Engine Oils, Metalworking Fluids, Industrial Oils and Others); By Geography - Forecast(2018 - 2023)

https://industryarc.com/Report/16281/synthetic-lubricants-market.html

Industrial Lubricants Market: By Type (Gear, compressor, hydraulic, turbine, metalworking, bearing, coolants, penetrating oils); By compound (fluids, greases, oils); By applications (air compressors, bearings, food machinery, gas engines, gears, hydraulics, machining, turbines, power generation); By end-user Industry (automotive, aerospace, military, marine, chemicals, food processing, textiles, railroads, construction, agriculture, timber and logging); By Geography - Forecast (2018-2023)

https://industryarc.com/Report/15901/industrial-lubricants-market.html

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager
Email: sales@industryarc.com
Contact Sales: 1-614-588-8538 (Ext-101)

Analyst Commentary

One of the major purpose of lubricants is to diminish the friction as well as offer protection against wear & tear in order to increase the runtimes of machine and thus safeguards the raw materials. However, sometimes, movement of 2 bearing surfaces can only be made if it has lubricant. On the other hand, as per the current scenario, when sustainability is becoming a major driving force in the market, preservation of energy as well as resources and lessening emissions has grown into essential environmental concerns. Hence, the insufficiency of resources along with the accountability towards future generations are also a major point of focus for any corporate action.

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Moreover, lubricants are continuously attracting people’s awareness at a rapid pace, as it supports sustainability goals of economic, green and social regions. Lubricants make a contribution to the sparing use of resources and thereby to sustainability.

As per the scientific research, it was founded that around 1 percent of gross domestic product can be hoarded in terms of energy in industrialized economies in western region, if the present tribological data, specifically science of friction, wear & lubrication, remained applied to lubricated procedures. Besides, other than certain key applications including inner combustion engines, turbines or hydraulic structures, compressors, vehicle & industrialized gearboxes, there are a huge number of additional applications that mostly necessitates specifically tailor-made lubricants. This is exemplified by the large number of different types of greases or else different lubricants that are meant for chip-forming as well as chip-free metalworking processes. Approximately 5000–10 000 unlike lubricant preparations are required to fulfill more than 90 percent of the entire lubricant applications.

Report Description

The global lubricants market growth is also driven rapidly by the stringent rules and regulations standardized by the governments across the world. The guidelines standardized by the U.S. Environment Protection Agency (EPA) have drastically reduced the carbon emissions from vehicles as per the Clean Air Act, applied from October 2008 and has increased the value and demand for fuel-efficient cars. The new age of digitalization has promoted the sales of intelligent and connected cars with joint electronic systems which imply safety and control for purchasers. The global lubricants market size is predicted to benefit from this development and the consumer demand for upgraded passenger cars with efficient functioning will be on a rise.

The global lubricants market size is predicted to grow to a value of $ xx billion by 2025, rising at a CAGR of xx% over the forecast period.

Browse the complete report @ https://www.adroitmarketresearch.com/industry-reports/lubricants-market

Market Segments Analyzed in Upcoming Report on global lubricants market

On the basis of products, the global lubricants market has been generating the maximum revenue from mineral oil lubricants which accounted for more than 80% followed by synthetic, bio-based lubricants. As per the market analysis, the bio based lubricants section is predicted to grow with the highest CAGR over the forecast period due to the increasing number of supporting regulations.

On the basis of applications lubricants markets has been sub-segmented into automotive sector held the largest market share in 2017 and is anticipated to grow with a CAGR of xx% in the coming years. The demand for bio based lubricants amongst consumers is increasing given to their renewable and bio degradable nature thus making them stay in the environment for a shorter period of time. They can also be consumed in lessor quantities compared to traditional lubricants. In BRIC countries, fast growth in demand for energy is anticipated to drive the lubricants industry over the forecast period.

Key players profiled in the upcoming global lubricants market report include ConocoPhillips, Pemex, PetroChina, Kuwait Petroleum Corporation, Royal Dutch Shell, Castrol, British Petroleum, Valvoline, Petronas, Pertamina, Caltex Australia Group, Chemtura Corporation, ExxonMobil Corporation and many more.

Highlights on key segments in upcoming ‘Global Lubricants Market’ report:

Application segment

Industrial

Automotive

Marine

Product Segment

Mineral oil lubricants

Synthetic lubricants

Bio-based lubricants

Geographical Segments

North America

U.S.

Mexico

Canada

Europe

Germany

U.K.

Russia

Asia-Pacific

China

Japan

India

Central & South America

Brazil

Middle East & Africa

Saudi Arabia

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