Base Oil Market 2030: Key Drivers of Growth in Asia’s Manufacturing Hub
The global base oil market was valued at USD 19.46 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. This growth is primarily driven by the rising demand for engine oils across various industries, including metallurgy, automotive, chemicals, heavy equipment, and power generation. These industries increasingly rely on high-quality base...
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