Covid-19 Impact on Base Oil Market Size, Sales, Share and Forecasts by 2030
Base oil market was valued at ~US$ 34 Bn in 2019 and is anticipated to expand at a CAGR of ~2% during the forecast period, Rise in production and sale of automobiles is a major factor driving the global market
tmrFebruary 1, 2021
Base Oils Fortified with New Additive Combinations for Excellent Anti-wear Performance
There is a growing demand for ultra-high viscosity lubricants that are extensively used in heavily loaded, low speed open gears. This is evident since industrial oils are estimated to account for the second-highest revenue among all applications in the base oil market, where the global value is anticipated to reach ~