Consumption of naphthenic base oils is projected to increase at a CAGR of 3.9% from 2022 to 2031. At present, the global naphthenic base oil market stands at US$ 2.55 billion, and is slated to reach a market valuation of US$ 3.6 billion by the end of 2031. Process oils are anticipated to account for a major market share across the forecast period. Increasing demand for...