The SNS Insider report indicates that the Base Oil Market Size was valued at USD 20.86 billion in 2023. It is projected to reach USD 31.62 billion by 2031 and grow at a CAGR of 5.3% over the forecast period 2024-2031. The base oil market is experiencing steady growth, propelled by the increasing demand for lubricants across various industries such as automotive, industrial...
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