Press release
White Oil Market Trends, Industry Analysis and Opportunity Assessment 2018 – 2024 By Top Key Players : ExxonMobil, Chevron , BP, Shell, Repsol Sinopec Brasil, Sasol, Suncor Energy, Total
White Oil Market
Plastics & polymers sector, which contributed to more than 50% of the overall white oil market share in 2015, is expected to remarkably influence the business growth. Rising product demand for PVC lubricants, rubbers, extenders, thermoplastic elastomers, and plastic annealing will boost the industry landscape. High usage of the product as mold release agents as well as extrusion aids in the plastic production will also push the revenue.
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By Application
• Plastics & Polymers
• Pharmaceuticals
• Personal Care & Cosmetics
• Food Industry
• Textile
• Others
White Oil Market revenue is projected to observe a massive surge over the next few years, driven by the escalating product popularity in the healthcare, cement, pharmaceuticals, textile, plastic & polymer, food, precision equipment, bakery, wood, and personal care & cosmetics sectors.
The product also finds massive utilization in tanks, gears, compressor cylinders, hydraulic equipment, vats, medical equipment, and packaging. Pertaining to the broad application spectrum alone, white oil industry exhibits the competence to flourish over the forthcoming years. As per estimates, white oil industry, which accumulated a revenue of more than USD 1.1 billion in 2015, is anticipated to surpass USD 2 billion by 2024.
Growth drivers
1. Growth in cosmetics and personal care industry
2. Expansion of plastics & elastomers market
3. Rising demand for white oil as adhesives in food packaging
The rapid expansion of certain industries such as those of cement, textiles, and farming has brought about an appreciable change in the dynamics of white oil industry in the Asia Pacific region, which accounted for over 60% of the overall industry share in 2015. The introduction of the beneficial government schemes is certain to support the regional growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ExxonMobil
2. Chevron
3. Sonneborn, LLC
4. BP
5. Shell
6. Repsol Sinopec Brasil
7. Sasol
8. Renkert Oil
9. JX Nippon Oil & Energy USA, Inc.
10. Suncor Energy
11. Nynas AB
12. Seojin Chemical Co., Ltd
13. LUBLINE LLC
14. Total
15. Apar Industries Limited
16. Panama Petrochem Ltd
17. M S Savita Chemicals Limited
18. Eastern Petroleum Corporation
MEA white oil market is projected to register notable gains of nearly 2.6% over the coming seven years. Intense demand for the product from the end-use sectors such as petroleum and petrochemicals along with its surging application in personal care & cosmetic items will push the revenue. Saudi Arabia and South Africa are likely to be key regional growth drivers.
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High product popularity across food & packaging and healthcare sectors along with a greater urge for refined as well as clean oil will augment the growth of Europe white oil industry. North America white oil industry is projected to expand at a CAGR of over 2.7% over the period of 2016-2024, subject to the introduction of new products specifically in the healthcare sector. The U.S. is predicted to make remarkable contributions toward the regional revenue.
White oil industry size in the personal care & cosmetics sector is projected to experience gains of more than 2.5% during the period from 2016 to 2024. Favorable features such as chemical & biological stability, softness, good emollient effect, and resistance to toxicity & germs will boost the growth.
Food applications are expected to contribute more than USD 68 million towards white oil market revenue by 2024. Rising product application in wrappers, packaging & filling equipment, sugar refining, and the egg-coating will boost the business trends. The thriving animal feed sector will further augment the revenue.
Growing product use in garments, apparels, and fabrics will boost white oil industry size in the textile sector, which is expected to grow at a rate of nearly 2% over the coming timeline. Anti- corrosive features of the product are expected to enhance its use as an anti-rust lubricant in sewing machines, thereby lucratively influencing the business space.
British Petroleum Plc, Exxon Mobil Corporation, Renkert Oil Incorporation, Sasol Limited, Sinopec Limited, Royal Dutch Shell plc, JXTG Nippon Oil & Energy Corporation, and Seojin Chemical Company Limited are the major players of white oil industry.
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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.
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Global Market Insights, Inc.
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