The global naphthenic base oil market is witnessing steady growth, supported by increasing demand for automotive lubricants, industrial oils, metalworking fluids, and electrical insulating oils. The market was valued at US$ 2,391.4 million in 2020 and is projected to reach US$ 3,608.9 million by 2031, expanding at a compound annual growth rate (CAGR) of 3.9% during the forecast period from 2021...
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