Global Demand for Base Oils to Reach 39,614 Kilo Tons by 2020 Fueled by Rapid Growth of Automotive Industry: Transparency Market Research
While the global demand for base oils is anticipated to rise by 2020, the value of the base oil market is likely to witness a slump, according to Transparency Market Research. In a report titled "Base Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2020", Transparency Market Research states that the demand for base oil was pegged at 36,614.3 kilo tons in 2014 and is anticipated to rise to 39,614.7 kilo tons by 2020,...
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