Base Oil Market Projected to Reach US$44.51 Billion by 2029: Maximize Market Research The global base oil market is on track for steady growth, with a projected CAGR of 5% from 2023 to 2029. This expansion will see the market reach a value of nearly US$44.51 billion by 2029, up from US$31.63 billion in 2022. This growth is driven by the increasing demand for high-performance lubricants across...