Global Base Oil Market size was valued at US$ 28.7 Bn. in 2020 and the total revenue is expected to grow at 5% through 2021 to 2027, Base Oil Market is reaching nearly US$ 40.38 Bn. by 2027. Global Base Oil Market Overview: The  Global Base Oil Market research analysis report examines historical data as well as emerging technology to determine what...

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...