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...