Insights on the Naphthenic Base Oil Global Market to 2027 - Strategic Recommendations for New Entrants - ResearchAndMarkets.com
The "Naphthenic Base Oil - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
- The "Naphthenic Base Oil - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
- According to the report, the Global Naphthenic base Oil Market accounted for $1,913.24 million in 2019 and is expected to reach $3,412.22 million by 2027, growing at a CAGR of 7.5% during the forecast period.
- The naphthenic base oil is those which are processed from sweet crude oil distillates.
- Naphthenic base oils also provide better low-temperature performance than paraffinic oils, which makes them ideal for formulating hydraulic fluids and automatic transmission fluids.