Transparency Market Research (TMR) in one of its recent reports reveals the global naphthenic base oil market to be largely consolidated with the dominance of a few large players. These players are investing substantially in research and development to launch new products and also to improve existing products. For example, in 2016, Nynas AB introduced two new products namely T22 that can be used in formulation of metal working fluids and Nytex 810 which is a heavy naphthenic tire oil. ... Read more