The base oil market worldwide is expected to have a total compound annual growth rate (CAGR) of 3.67 percent between 2023 and 2032. Not only is Asia Pacific expected to reach the highest market value of any region, at 18.7 billion U.S. dollars in 2032, but it is also expected to have the highest CAGR of about 4.1 percent over the forecast period from 2023 to 2032. Meanwhile, Europe is forecast to rank second with a CAGR of 3.54 percent.
Forecast compound annual growth rate of the base oil market worldwide from 2023 to 2032, by region
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Inkwood Research. (May 17, 2023). Forecast compound annual growth rate of the base oil market worldwide from 2023 to 2032, by region [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1389314/global-base-oil-market-value-annual-growth-rate-by-region/
Inkwood Research. "Forecast compound annual growth rate of the base oil market worldwide from 2023 to 2032, by region." Chart. May 17, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1389314/global-base-oil-market-value-annual-growth-rate-by-region/
Inkwood Research. (2023). Forecast compound annual growth rate of the base oil market worldwide from 2023 to 2032, by region. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1389314/global-base-oil-market-value-annual-growth-rate-by-region/
Inkwood Research. "Forecast Compound Annual Growth Rate of The Base Oil Market Worldwide from 2023 to 2032, by Region." Statista, Statista Inc., 17 May 2023, https://www.statista.com/statistics/1389314/global-base-oil-market-value-annual-growth-rate-by-region/
Inkwood Research, Forecast compound annual growth rate of the base oil market worldwide from 2023 to 2032, by region Statista, https://www.statista.com/statistics/1389314/global-base-oil-market-value-annual-growth-rate-by-region/ (last visited November 22, 2024)
Forecast compound annual growth rate of the base oil market worldwide from 2023 to 2032, by region [Graph], Inkwood Research, May 17, 2023. [Online]. Available: https://www.statista.com/statistics/1389314/global-base-oil-market-value-annual-growth-rate-by-region/
