Global Base Oil Market to Reach US$30.9 bn by 2020, Rise in Automotive Industry to Drive Demand
Transparency Market Research (TMR) has recently published a research report on the global base oil market and estimates the market to rise at a CAGR of 1.40% during the period from 2015 to 2020. The market is likely to increase from a value of US$34.5 bn in 2014 to an estimated value of US$30.9 bn by the end of the forecast period.The market study, titled "Base Oil Market by Product - Global Industry Analysis, Size, Share, Growth, Trends and Forecast...
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