#BaseOil Market, valued at USD 34.9 billion in 2022, is projected to reach USD 41.7 billion by 2030, with a 1.8% CAGR. Base oil, essential for lubricants in engines and machinery, is driving demand due to rising lubricant use in automotive, heavy equipment, and industrial sectors. The market remains highly fragmented with innovative players.

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#Lubricants #AutomotiveIndustry #heavyequipment #IndustrialGrowth #markettrends #EngineOil