Global Naphthenic Base Oil Market Is Estimated To Witness High Growth Owing To Increasing Demand From Industrial Lubricants
The Global Naphthenic Base Oil market is estimated to be valued at US$ 1.26 Bn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Naphthenic base oils are refined from selected crude petroleum through vacuum distillation, extraction, and treatment processes. These oils have good oxidation...
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