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2023-09-06 07:41:51

Base Oil Market Demand, Comprehensive Analysis on Global Report, by Region and Forecast

The global base oil market is valued at US$ 35.26 Million in FY 2022, up from USD 34.47 Billion in 2021.During the past year, the industry registered a Y-o-Y increase of 2%. From 2022 to 2032, base oil sales are expected to flourish at a CAGR of 2.3% to reach a value of US$ 44 Billion by the end of 2032.Base oil is a critical component in the lubricants and automotive industries, playing a...

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