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Base Oil Market - Projections & Estimations, 2014-2025

Base oil market is defined as the oil with a boiling point range between 550 and 1050 F. Base oil is extracted from heavy oil residue, which is obtained by refining of crude oil. The chemical structure of the constituents of base oil impart a naphthenic or paraffinic nature to it. Base oil is a major constituent of lubricating oils.

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