White Oil Market Growth by Key Players: Exxon Mobil, Sinopec, British Petroleum, Sonneborn, Renkert, JX Nippon and Petro-Canada

White oil market is estimated to witness a steady annual growth rate of more than 4% over the period of 2016-2024. White Oil Market is gaining remarkable impetus due to its exponentially surging demand from personal care & cosmetic, pharmaceutical, food, and textile industries. White oil, often referred to as baby oil or mineral white oil is a mixture of highly refined paraffinic and naphthenic hydrocarbons which are derived from crude oil and are extremely versatile & pure. The odorless, tasteless, and colorless properties of white oil have significantly enhanced its penetration across several end-use industries.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1192

Below mentioned are the five application trends of white oil industry:

• Increasing white oil consumption as moisturizer and cleansers in emollient creams & lotions has propelled the personal care & cosmetics white oil market size. Excellent skin compatibility, low irritancy, and resistance to bacteria are the prime properties of white oil which has boosted its demand in the cosmetics industry. The personal care & cosmetics white oil market is anticipated to grow at a rate of 2.5% over the period of 2016-2024. Moreover, high consumption of white oil in baby oil products, bath oil, massage oil, sunscreens, makeup & hair care products is the major driving force behind the industry growth. Increase in consumer spending for durable, consistent, and pure quality products is another supporting factor leading to white oil industry growth.

• Food industry is another segment which is positively influencing the growth of white oil market. Rising application scope of the product in animal feed, egg shell sealants, and sugar refining sectors has further fortified white oil demand in this sector. The wide use of white oil in filling & packaging equipment, lubes, and wrappers has also expanded the business scope of for the industry.

• The textile sector is also one of the key targets for white oil market where this oil is used as an anti-oxidant, anti-wear, and anti-rust lubricant. The mounting demand for apparels, garments, and fabrics especially in Asia Pacific countries has spurred the usage of white oil in this industry. The textile white oil market is foreseen to register a CAGR of 2% over the period of 2016-2024.

• This market is also gaining considerable traction from the plastics & polymers industry, owing to growing demand for mold release agents and extrusion aids. White oil market from the plastics & polymers application collected revenue worth USD 450 million in 2015 and is estimated to witness high product demand over the coming seven years.

• With an estimation to exhibit an annual growth rate of 2.8% over 2016-2024, the pharmaceutical sector has emerged as one of the prominent application areas for white oil industry. Increasing utilization of white oil in the manufacturing of emollients, ointments, medical devices, laxatives, and several excipients has complimented the industry growth. High prevalence of diseases especially in Asia Pacific region is expected to influence pharmaceutical white oil market demand over the coming years.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1192

Partial Chapter of the Table of Content

Chapter 3. White Oil Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Raw materials downstream analysis

3.3.2. Midstream analysis

3.3.3. Downstream analysis

3.3.4. Vendor matrix

3.3.4.1. Key manufacturers

3.3.4.2. Key suppliers

3.3.4.3. Production capacity of key players

3.4. Global petroleum product market outlook

3.4.1. Basic petroleum product capacity

3.4.2. Petroleum product capacity

3.4.3. Petroleum product costs

3.5. Global personal care market share analysis & forecast, 2013 - 2024

3.6. Trade statistics

3.6.1. Net exports

3.6.2. Net imports

3.7. Technology & innovation landscape

3.7.1. Current white oil production procedures overview

3.8. Regulatory landscape

3.8.1. Environmental indicators of white oil production

3.8.2. FDA and EPA

3.8.2.1. U.S.

3.8.2.2. Canada

3.8.2.3. EU

3.8.2.4. Japan

3.8.2.5. China

3.9. Pricing trends

3.9.1. North America

3.9.2. Europe

3.9.3. Latin America

3.9.4. APAC

3.9.5. MEA

3.9.6. Cost structure analysis

3.9.6.1. Petroleum needs & budget

3.10. Raw material trends

3.10.1. Paraffinic hydrocarbons

3.10.2. Naphthenic hydrocarbons

3.11. White oil industry impact forces

3.11.1. Growth drivers

3.11.1.1. Supply side drivers

3.11.1.2. Demand side drivers

3.11.2. Industry pitfalls & challenges

3.12. Growth potential analysis

3.13. Porter's analysis

3.14. Competitive landscape, 2016

3.14.1. Market share analysis

3.14.2. Strategy dashboard

3.14.2.1. Expansion through supply agreements, acquisitions, and joint ventures

3.14.3. Potential customer overview

3.15. White Oil Market, By Specification

3.15.1. Type I

3.15.2. Type II

3.15.3. Type III

3.16. PESTEL analysis

Browse Full Report @ https://bit.ly/2owZFWo

Asia Pacific led by China, India and Taiwan accounted for more than 60% of the overall white oil market consumption. Expansion in textile, agriculture and cement industry will enhance the revenue growth in this region.

U.S. will witness a significant market growth at over 4.5%, with strong consumption in protective diluents, emollients, moisturizers, baby care and hair care products will propel the regional demand. Regulatory compliance accompanied by product innovations particularly in healthcare industry will surge the white oil market growth.

The major industry participants are British Petroleum, Exxon Mobil, JX Nippon Sinopec, Petro-Canada, Royal Dutch Shell, Sasol, TOTAL, Sonneborn and Renkert. The companies are focused on growth strategies including mergers & acquisitions, product innovations and product portfolio expansion.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.