The Base Oil Market Analysis, valued at USD 33.21 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 5% from 2024 to 2030, reaching nearly USD 46.73 billion by the end of the forecast period. This growth is primarily fueled by the escalating demand for high-grade lubricants in the automotive industry and advancements in engine technologies requiring...
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