The global base oil market has experienced significant growth, with a valuation of US$ 35.26 Million in FY 2022, representing an increase from USD 34.47 Billion in 2021.
Over the past year, the industry has demonstrated a year-on-year growth rate of 2%. Looking ahead, base oil sales are projected to continue flourishing from 2022 to 2032, with a compound annual growth rate (CAGR) of 2.3%. This...
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