Base Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2020

The global base oil market, titled “Base Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2020”. According to the report estimates, the market, which had a valuation of US$34.5 bn in 2014, will be worth US$30.9 bn by 2020, depreciating in valuation during the forecast horizon. By volume, however, the demand for base oils will expand at a CAGR of 1.40% from 2015 to 2020 to rise to 39,614.7 kilo tons by 2020.The report points out that the flourishing automobile industry has been exhibiting increased demand for finished lubricants for improved vehicle performance. With strict emission standards in place across the globe, lubricant formulation methods have undergone significant change in recent years, thereby complementing growth of the market. In-depth research report on Global Base Oil Market with Full TOC at : http://www.transparencymarketresearch.com/base-oils-lubes-market.html

Base Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2020

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