Base Oil Market Projected to Reach $44.51 Billion by 2029, Driven by Demand for High-Performance Lubricants
The global base oil market is poised for steady growth, expected to reach nearly US$44.51 billion by 2029. This translates to a Compound Annual Growth Rate (CAGR) of 5% from 2023, fueled by the increasing demand for high-quality lubricants across various industries.
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