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White Oil Market Share - Global Industry Size Report 2018-2024 | Key Players ExxonMobil, Chevron, BP, Shell, Sasol, Suncor Energy, Total, Sonneborn

White Oil Market

White Oil Market

White Oil Market to exceed USD 2 billion by 2024, translating in volume of over 2,000 kilo tons; according to a new research report by Global Market Insights, Inc. Increasing white oil consumption as lubricator, moisturizer and insulator in cosmetics, pharmaceutical and textile industries will propel the industry growth. Continuing growth of cosmetics including sunscreens, emollient creams, suntans lotions, cleansers, makeup & hair care products will provide new opportunities for the industry. Advancement in production process enables complete removal of dust particles, improving its purity, odorless and tasteless properties, which enhances white oil market penetration in various end use industries.

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

Strong application outlook in food, adhesives, paper, bakery, precision machinery, cement, wood and textile industries will surge the revenue growth. Increased product usage in consumer goods including food packaging, coating on vegetables, animal food and medications will drive white oil market demand size. Technical grade white oil approved by the FDA are used in the food & beverage applications.

White oil is used in manufacturing medical devices, laxatives, ointments and various excipients in healthcare industry. Prevalence of disease and demographic rise in APAC is expected to initiate the pharmaceuticals market demand in China and India.

Plastics & polymers dominates the white oil market share, accounted for over 50% in 2015. Surging demand for PVC lubricants, extenders, plastic annealing, thermoplastic elastomers, rubber and catalyst carriers are he stimulating factors of business demand. Moreover, mold release agents and extrusion aids are extensively used in the polymer production.

Personal care & cosmetics white oil market is set to observe growth exceeding 2.5% up to 2024. Rising demand for pure, durable and consistent products along with growing consumer spending has enhanced the industry growth. High consumption in bath & baby oil, lotions, creams and emollients are the supporting factors of the product development.

Global white oil market will witness significant gains from food industry in the forecast period. Rising food grade product scope in sugar refining, egg shell sealants and animal feed has encouraged the business demand. Increased product usage in lubes, wrappers, filling & packaging equipment are the driving factors of the product penetration.

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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.

MEA white oil market will witness growth over 2.5% by 2024. Technological advancement in production process accompanied by substantial petroleum reserves will drive the regional demand size. Changing consumer tastes along with increased cosmetics and personal care product consumption has also enhanced regional product penetration.

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

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