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Europe Process Oil Market By Type, by Application Forecast to 2020

  • January 2016
  • -
  • Micro Market Monitor
  • -
  • 133 pages

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Base oil is used for manufacturing various types of oil, such as motor oil, lubricating greases, and metal processing fluids, among others. Base oil helps in reducing volatility of emulsions, leading to their stability.Base oil is also used as additives for advanced lubricant formulations to enhance properties of the products.The European base oil market is highly concentrated and is significantly price sensitive. This is due to less number of participants in this market, owing to high entry barriers, which make it difficult for the new entrants to enter into the market.

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