Global Re-Refined Base Oil Market Outlook Report 2023-2028: Opportunities Emerging in Demand For High-Quality Base Oil & Growth In Re-Refining Capacity - ResearchAndMarkets.com
Growing emphasis on better fuel economy, engine oil durability, and pollution reduction is boosting demand for high-quality base oil, particularly Group II and Group III, in the re-refined base oil market.
- Growing emphasis on better fuel economy, engine oil durability, and pollution reduction is boosting demand for high-quality base oil, particularly Group II and Group III, in the re-refined base oil market.
- Regarding revenue, Group II re-refined base oil led the market, followed by Group I & Group III re-refined base oil.
- During the forecast period, Group II re-refined base oil is expected to dominate the re-refined base oil market and will witness higher growth.
- Regarding revenue, the clay treatment led the global re-refined base oil market and is primarily used to produce Group I base oil.