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Chicago, March 17, 2022 (GLOBE NEWSWIRE) — According to Arizton’s recent research report, the re-refined base oil market is expected to grow at a CAGR of 6.5% during 2022-2027. Rising awareness towards environmental sustainability, waste oil recyclability, and demand for high-quality base oils is driving the market for re-refined base oil. The market is witnessing increased demand from sectors such as the automotive, and manufacturing industries.
| REPORT ATTRIBUTES | DETAILS | |
| MARKET SIZE (2027) | $8.8 Billion | |
| CAGR (2022-2027) | 6.5% | |
| BASE YEAR | 2021 | |
| FORECAST YEAR | 2022-2027 | |
| MARKET SEGMENTS | Group, Technology, and End-User | |
Full story available on Benzinga.com
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