The global industrial vaseline market size was USD 490.8 Million in 2022 and is expected to register a revenue CAGR of 4.2% during the forecast period, according to the latest analysis by Emergen Research. Rising demand from the energy sector for renewable energy sources are major factors driving the market revenue growth. Industrial vaseline can find applications in the energy sector, particularly in maintaining and lubricating equipment used in various energy production and distribution processes. For instances, in solar power facilities, vaseline-based lubricants are used in tracking systems that adjust solar panel positions to follow the sun’s path. Proper lubrication is essential to ensure these systems operate smoothly and efficiently. In addition, industrial vaseline is used in hydroelectric power generation facilities to lubricate the gates, valves, and other moving parts of dams and turbines. It helps reduce wear and corrosion in these harsh environments. https://www.emergenresearch.com/industry-report/industrial-vaseline-market