Base Oil Industry Develop At A CAGR Of 5.5% From 2023 To 2030

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2024-09-05 07:05:23 -

Base Oil Industry Overview The global base oil market size was valued at USD 19.46 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. The growth is attributed to increasing utilization of engine oils from industries such as metallurgy, automotive, chemicals, heavy equipment, and power generation. The market is highly...

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