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Global Base Oil Market By Production, Manufacturer, Growth, Supply, Demand, Swot Analysis Forecast Outlook 2026
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The Global Base Oil Market was valued at USD 36.55 billion in 2019 and is estimated to garner USD 41.65 billion by 2030, expanding at a CAGR of 1.1% during the forecast period, from 2020 to 2030. The volumetric turn-over of the global base oil market was 41,907.3 kilotons in 2019 and is expected to reach 48,879.3 kilotons by 2030, at a CAGR of 1.3% during the forecast period, from 2020 to 2030.
Base oil is a refined petroleum product obtained from heavy hydrocarbons by refining crude oil at extreme temperature ranges. It is extensively employed in a wide range of applications such as manufacturing automotive oil, industrial oil, metalworking fluids and lubricating greases, and other lubricant base stock. The quality standards of base oil majorly depend on parameters such as viscosity, oxidation, vitality, consistency, compatibility, pour point, seal additive, solubilit
Base Oil Market: Group I-V - Global Opportunity Analysis and Industry Forecast 2020-2030 - ResearchAndMarkets.com
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The Global Base Oil Market was valued at USD 36.55 billion in 2019 and is estimated to garner USD 41.65 billion by 2030, expanding at a CAGR of 1.1% during the forecast period, from 2020 to 2030. The volumetric turn-over of the global base oil market was 41,907.3 kilotons in 2019 and is expected to reach 48,879.3 kilotons by 2030, at a CAGR of 1.3% during the forecast period, from 2020 to 2030.
Base oil is a refined petroleum product obtained from heavy hydrocarbons by refining crude oil at extreme temperature ranges. It is extensively employed in a wide range of applications such as manufacturing automotive oil, industrial oil, metalworking fluids and lubricating greases, and other lubricant base stock. The quality standards of base oil majorly depend on parameters such as viscosity, oxidation, vitality, consistency, compatibility, p
Impact of COVID-19 on Base Oil Market 2020 to 2030: Fact.MR
The recovery in the automotive industry will determine, to a large extent, the future course of growth for base oil industry,” says an Fact.MR analyst.
Dubai, United Arab Emirates (SBWIRE) 12/10/2020 The new report on the Base Oil market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019. A new Fact.MR analysis projects base oil market to grow at approximately 2% CAGR during the forecast period from year 2020 to 2030. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Base Oil market.
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