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2025-11-17 13:51:53 · Translate ·

Base Oil Market Market Growth Analysis & Outlook 2024–2032

The Global Base Oil Market, valued at USD 20.86 billion in 2023, is projected to reach USD 33.20 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period 2024–2032. The market growth is being driven by increasing demand across automotive, industrial, and metalworking sectors, along with the rising need for high-performance lubricants and...

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