According to the current analysis of Introspective Market Research, the global Base Oil Market was valued at USD 30 Billion in 2021 and is expected to reach USD 41.10 Billion by the year 2028, at a CAGR of 4.6%.
Base Oil refers to all forms, grades, viscosities, and quality of paraffinic-based lubricant stock suitable for mixing into finished oils (e.g., passenger car motor oil,...
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