Base Oil Market
                     ©2019 Transparency Market Research, All Rights Reserved
Base Oil Market
- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020- 2030
©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved
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©2019 Transparency Market Research, All Rights Reserved
Base Oil Market  is anticipated to expand at a CAGR of 
~2% By 2030
The global base oil market was valued at ~US$ 34 
Bn in 2019 and is anticipated to expand at a CAGR of 
~2% during the forecast period.
Rise in production and sale of automobiles is a major 
factor driving the global base oil market. Base oils are 
used as base fluids in the formulation of various types of 
lubricants
©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved
Key players 
Key players operating in the Base Oil Market are: 
 PetroChina Company Limited
Royal Dutch Shell Plc
Nynas AB
S-OIL CORPORATION
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