Process Oil Market Outlook (2024–2031): Forecasting Growth & Innovations
The global process oil market was valued at USD 5.89 billion in 2023 and is expected to grow from USD 6.12 billion in 2024 to USD 8.47 billion by 2031, reflecting a CAGR of 4.76% during the forecast period. This growth is driven by increasing demand across industries such as automotive, rubber, and personal care, along with advancements in refining technologies and a shift toward sustainable...
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