Press release
Global White Oil Market anticipated to witness healthy CAGR over 2018-2024 | Key Players are ExxonMobil, Chevron, BP, Shell, Sasol, Suncor Energy, Total, Sonneborn
White Oil Market
Technological advancement in the manufacturing process to offer cost-effective and environment friendly solutions have positively impacted the global white oil market share. Further, the development of non-toxic and biodegradable emollient products in large amounts adhering to the international manufacturing standards supports the industry growth. Increasing product demand in the manufacturing of specialty adhesives and elastomers due to their water- and moisture-resistant properties will provide positive business outlook over the projected timeframe.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1192
Personal care & cosmetics industry dominates the market accounting for over 29% of the white oil market in 2017. Increasing demand for pure, durable, and consistent products coupled with the growing consumer expenditure has enhanced industry size. High consumption of lotions, bath & baby oil, emollients, and creams is a supporting factor augmenting industry expansion. Moreover, the growing demand for product in water-resistant creams due to its exceptional moisture barrier property will boost industry expansion.
Pharmaceutical industry emerged as the fastest growing segment with over 2% CAGR up to 2024. The demand is primarily driven by its rising applications as a lubricant in the medical instruments and as a base constituent for ointments and other solutions. Growth in the overall healthcare industry as a result of product diversification and continuous developments will provide stimulus to the global white oil market over the projected timeframe.
Emerging economies such as India, Indonesia and Brazil offering favorable socio-economic factors for establishing production facilities will provide new vistas for industry participants. Moreover, increasing manufacturer preference for thermoplastic elastomers over traditional elastomers and thermoplastics in numerous applications will drive the product demand. White oils have an important role in the thermoplastic elastomers production. Elastomeric materials that can be treated without vulcanization, uses the product as extenders to enable fabrication.
By Application
• Plastics & Polymers
• Pharmaceuticals
• Personal Care & Cosmetics
• Food Industry
• Textile
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1192
Rising demand for adhesives in food packaging industry owing to surge in consumption of packaged & processed food supporting business growth for industry participants. It plays the role of diluent in hotmelt adhesives, where high transparency is essential, and product is in contact with food or human skin. Furthermore, the approval from the WHO and the FDA for food-grade white oil to be used in food packaging will drive entry of new players in the market.
North America white oil market will witness substantial growth due to favorable regulatory compliance coupled with continued product innovations, particularly in the healthcare industry. Rising spending on personal care along with the cosmetic industry expansion will create new avenues for white oil market growth. Additionally, presence of key manufacturing companies such as Exxon Mobil, Sonneborn, and Chevron Corporation will drive regional growth.
The global white oil market is moderately fragmented in nature owing to the presence of several multinational companies and regional manufacturers. Key players are 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 over the forecast period. 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.
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
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/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global White Oil Market anticipated to witness healthy CAGR over 2018-2024 | Key Players are ExxonMobil, Chevron, BP, Shell, Sasol, Suncor Energy, Total, Sonneborn here
News-ID: 1631113 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Oil
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
According to Fact.MR, the sales of cooking oils are expected to increase at a steady pace during the forecast period. The global cooking oil market is projected to expand at a value CAGR of 5.5% during the period of assessment (2017-2026). Also, Fact.MR analysis has revealed that the volume sales of cooking oils is estimated to surpass 250,000,000 tons by the end of the year of assessment (2026). Health advantages associated with…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
Since several years, cooking oil section in supermarkets and hypermarkets has been a crowded spot, where individuals keep choosing on several cooking oil options available that are healthy to consume. Cooking oil is an essential component in daily cooking activity, be it a restaurant or home. This, in combination with increasing population percentage, especially in emerging economies, is expected to fuel the consumption of cooking oils. However, aspects related to…
Specialty Fats and Oils Market (Product Type - Specialty Oils (Corn Oil, Sun Flo …
The global Specialty fats and Oils Market expected to reach a value of US$ 142.1 Bn by 2026. The market projected to grow at a CAGR of 6.6 % in terms of revenue during the forecast period from 2018 to 2026, according to a new research report by Transparency Market Research (TMR). The product manufactured may vary according to the end use application of processing by specialty fats and oils.…
Europe Mosquito Repellent Candles Market by Raw Material Type : Citronella Oil, …
Albany, New York, July 17, 2017 : Recent research and the current scenario as well as future market potential of "Mosquito Repellent Candles Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" globally.
Mosquito repellent candles are having huge untapped potential for growth. In contrast to the other categories of mosquito repellent products that are available in the market such as mosquito creams, liquids, coils, and…
