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Global White Oil Market to surpass $6bn by 2024 | Key Players Are Sasol, Suncor Energy, Total, ExxonMobil, Chevron, BP, Shell, Sonneborn, LLC, Nynas AB, Calumet Specialty Products Partners, L.P.

White Oil Market

White Oil Market

White Oil Market to exceed USD 6 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing product innovations in the personal care industry along with the enhancement of cosmetics quality across the globe have resulted in an increasing demand for white oil based products. Benefits such as skin compatibility, low irritant, and resistance to bacteria and other unwanted elements are projected to boost the white oil market growth. Increasing demand for durable, pure, and sustainable lotions, oils, emollients, and creams has improved the industry development.

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

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.

White oil market value in the pharmaceuticals sector is projected to surge at a rate of more than 2.8% over the years ahead. Rising health consciousness among the consumers along with the rising need for laxatives, excipients, and medical ointments are forecast to generate immense growth opportunities for the business.

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

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

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.

Asia Pacific market registered more than USD 2.5 billion in terms of revenue in 2017. High product adoption rate in agricultural, textile, plastic and food processing industries will foster business growth. Furthermore, the transformation of the region into a manufacturing hub owing to favorable FDI policies will create lucrative opportunities for industry participants.

The global white oil market is moderately fragmented in nature due to the presence of several multinational companies and regional manufacturers. Key industry players include Sinopec Corporation, Exxon Mobile, Chevron, Sonneborn, JX Nippon, Royal Dutch Shell., British Petroleum and Sasol. Numerous companies are involved in partnerships, collaborations, mergers & acquisition, product innovation and portfolio expansion to enhance their industry footprint. For instance, in 2018, FUCHS PETROLUB acquired Chevron’s white oils and food machinery specialty lubricant business to enhance their product offerings to food lubricant customers.

By Application
• Plastics & Polymers
• Pharmaceuticals
• Personal Care & Cosmetics
• Food Industry
• Textile

Browse key industry insights spread across 208 pages with 182 market data tables & 16 figures & charts from the report, “White Oil Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/white-oil-market

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
Blog: http://technologymagazine.org/

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