The global market for Base Oil was estimated at USD 30 Billion in the year 2022 and is projected to reach USD 39.31 Billion by 2028, growing at a CAGR of 4.6 % over the forecast period.
Base oils are used to make lubricating greases, motor oil, and metal processing fluids, among other things. Varied products required different oil compositions and qualities. The viscosity of the liquid at...
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