Global Mineral Oil Market Poised to Grow Amid Rising Demand from Industrial and Automotive Sectors
The global mineral oil market is set for steady growth, with an estimated valuation of USD 4.64 billion in 2024 and projected to reach USD 6.10 billion by 2030 , expanding at a CAGR of 4.7% from 2025 to 2030 . The market is benefitting from rising demand across multiple sectors—most notably pharmaceuticals, cosmetics, food processing, and manufacturing —as mineral oil proves essential for lubrication, formulation, and processing applications. Download Sample Pages- https://www.theresearchinsights.com/request_sample?id=89 Recent Developments September 2024 : India’s ONGC Videsh Ltd , Oil India Ltd , and Khanij Bidesh India entered into a strategic alliance with International Resources Holding RSC Ltd (UAE) . This collaboration supports India’s Critical Minerals Mission , focusing on securing essential mineral resources for industrial and technological development. Buy the report - https://www.theresearchinsights.com/license?id=89 Market Outlook & S...