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White Mineral Oil (Petroleum) Market 2019 Growth by Key Players: ExxonMobil, Sinopec Corporation, Petro-Canada, and Sonneborn, Inc.
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The white mineral oil (petroleum) market trends report is an exhaustive research study comprising market estimates from 2015 to 2025 in terms of revenue (USD Million) and volume (Kilo Tons). The study covers an in-detail market segmentation by end-user industry, which is provided at the global, regional, and country level. The report includes qualitative and quantitative white mineral oil (petroleum) market trends for key countries including the US, China, South Korea, India, Germany, Russia, and Brazil. The research study further provides white mineral oil (petroleum) market shares by end-user industry and region, for 2017 and 2025.
The global white mineral oil market size is considered to rise at over 3.0% CAGR by the end of 2025. Cosmetics & personal care, adhesives, pharmaceutical, and polymer sectors are projected to be the key growth favoring white mineral oil (petroleum) market trends, in the future. The white mineral oil market size in the cosmetics & personal care segment exceeded USD 400 million in 2017.
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The Asia Pacific cosmetics & personal care industry is likely to witness strong growth of over 5% CAGR over the coming years. Asia Pacific witnessed remarkable white mineral oil (petroleum) market trends in 2017. Ever increasing population coupled with high consumer spending patterns by the millennial generation especially in countries such as India and China have propelled the usage of cosmetics and personal care products. This, in turn, is expected to increase the cosmetic white oil market demand in Asia Pacific by 2025.
Nearly 29% of the white mineral oil (petroleum) market share was captured by the cosmetics & personal care industry in 2017. Rise in the consumer spending on various make-up and cosmetics, skin care, baby care, and hair care products, especially in the developing regions has been driving the cosmetic white oil market demand over the recent past. Royal Dutch Shell N.V., Sonneborn, Inc., Apar Industries, and Sinopec Corporation are some of the key producers operating in the global cosmetic white oil market. For instance, Royal Dutch Shell N.V. offers Ondina X, a medicinal grade of white mineral oil exclusively for cosmetics & personal care applications.
Pharmaceutical, polymer processing, and textile manufacturing sectors are the next significant end-users, which have been influencing the white mineral oil (petroleum) market trends. Companies such as Calumet Specialty Product Partners, L.P., offer technical and light product grades that are supplied under the Peneteck and Drakeol brand names. Active ingredient carriers, laxatives, gelatin capsule lubricants, and topical ointments are some of the pharmaceutical applications targeted by the company. Petro-Canada another leading player, provides Puretol, a medicinal white oil grade for the pharmaceutical sector.
Agriculture is projected to account for increased white mineral oil (petroleum) market share by the end of 2025. White mineral oil is used in crop protection applications as an effective spray oil for grain dust suppression. Sonneborn, Inc. is one of the key product suppliers that offer USP and technical grades of white mineral oil for the agriculture and animal feed industries.
A significant white mineral oil (petroleum) market share has been captured by regional and local players depicting high fragmentation. ExxonMobil, Sinopec Corporation, Petro-Canada, and Sonneborn, Inc. are a few of the global market players. These players have implemented various growth strategies such as product enhancement, technology licensing, and distribution agreement in order to sustain across the globe. For instance, Petro-Canada uses its “HT Purity Process” for producing 99.9% ultra-pure formulation of base fluids including white oils and others.
Key segments of the global white mineral oil (petroleum) market trends report
End-user Overview, 2015-2025 (Kilo Tons) (USD Million)
• Pharmaceutical
• Cosmetics & personal care
• Food
• Adhesives
• Agriculture
• Polymers
• Textile
• Others
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
• North America
• U.S.
• Europe
• Germany
• Russia
• Asia Pacific
• China
• South Korea
• India
• Latin America
• Brazil
• Middle East & Africa (MEA)
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What does the report include?
• The study on the global white mineral oil (petroleum) market includes qualitative market dynamics such as drivers, restraints, and opportunities
• Additionally, the market has been evaluated using the value chain and Porter’s Five Forces analysis
• The study includes qualitative and quantitative analysis of the market categorized on the basis of end-user industry and region. Actual market sizes and forecast figures have been provided for all the afore-mentioned market segments
• The report also covers profiling of key industry players that have a significant global and/or regional presence
About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
Contact Information:
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Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX75204, U.S.A.
Phone No.: USA: +1 (214) 884-6068 / +91 9665341414
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