The PAG Base Oil Market is anticipated to grow at a CAGR of 3.8% from 2017 to 2030, when it is value
The page base oil market is experiencing significant growth driven by its essential role in lubricant formulations across various industries. Base oils serve as the primary component in lubricants, providing crucial properties such as viscosity, thermal stability, and lubricity. These oils are categorized into different groups based on their refining processes and chemical composition, with each group catering to specific application requirements in automotive, industrial machinery, metalworking, and other sectors.
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