Base Oil Market Expected to Reach $38,031 Million, Globally, by 2023
According to a new report published by Allied Market Research titled, "Base oil Market by Application, Type: Global Opportunity Analysis and Industry Forecast, 2017-2023," the base oil market was valued at $35,430 million in 2016, and is projected to reach at $38,031 million by 2023, growing at a CAGR of 1.0% from 2017 to 2023. Asia-Pacific dominates the base oil market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
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