Base Oil Market is anticipated to witness noteworthy growth due to...

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2024-10-09 08:16:39 - Μετάφραση -

Base Oil Market is anticipated to witness noteworthy growth due to rising popularity of fragrance products for homes

The global base oil market size was valued at USD 19.46 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. The growth is attributed to increasing utilization of engine oils from industries such as metallurgy, automotive, chemicals, heavy equipment, and power generation. The market is highly fragmented with presence of a...

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