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Market Growth Supported by Advancements in Synthetic and Bio-Based Oil Formulations
The global process oil market continues to expand as industries rely heavily on process oils for lubrication, compounding, softening, and functional performance enhancement. Estimated at around USD 5.07 billion in 2024, the market is projected to reach nearly USD 6.70 billion by 2032, growing at a CAGR of approximately 3.55% over the forecast...
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