In FY 2022, the global base oil market (ベースオイル市場) reached a value of US$ 35.26 million, showing growth from USD 34.47 billion in 2021. This represents a year-on-year increase of 2%. The market is projected to continue growing, with base oil sales expected to achieve a compound annual growth rate (CAGR) of 2.3% from 2022 to 2032, reaching a value of US$ 44 billion by the end of 2032....
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