Vegetable Base Oil Segment Projected to Lead Bio-Lubricants Market from 2020 to 2025
The global bio-lubricants market size is projected to grow from USD 2.0 billion in 2020 to USD 2.4 billion by 2025, at a CAGR of 4.1% during the forecast year. The growth of this market is attributed to the stringent regulations adopted by various countries and increasing acceptance among end users.
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