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2024-02-15 06:04:16 -

Base Oil Market Growth Potential: Revenue to Reach USD 44.51 Bn by 2029, 5% CAGR - Nynas, Repsol, Ergon Spearhead Market Expansion
Base Oil Market to Reach Nearly US$44.5 Billion by 2029, Driven by Industrial Growth and High-Grade Lubricant Demand Market Overview: The global Base Oil market is poised for steady growth, reaching an estimated US$44.51 billion by 2029. This expansion is fueled by several key factors: Rising demand for high-grade lubricants: Advancements in engine technology necessitate lubricants...

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2024-03-06 05:03:43 -

Base Oil Market Size | US$ 44.51 Bn. Revenue Expected by 2029, Key Players: Chevron, Exxon Mobil
Base Oil Market Projected to Reach 44.51Billionby2029,DrivenbyDemandinEmergingEconomiesandHigh−PerformanceLubricants **Market Overview** The global base oil market size was valued at US 31.63 billion in 2022 and is expected to reach US$ 44.51 billion by 2029, growing at a CAGR of 5%. Base oils are crucial components of lubricants, making up 70-97% of their formulation. They play...

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