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White Oil Market Expected To Grow Significantly | Big Company Profiled Shell, Sasol, Exxonmobil, Repsol Sinopec Brasil, Chevron , BP, Suncor Energy, Total

White Oil Market

White Oil Market

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.

The commercialization graph of the APAC white oil market is also expected to depict a major upsurge on account of the transformation of the continent into a vital manufacturing hub that can irrefutably be credited to the robust influx of FDI policies which are bound to generate lucrative opportunities for major industry participants.

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Yet another region that has been projected to amass substantial revenue over 2018-2024 is North America. As a matter of fact, North America white oil market share is anticipated to register a CAGR of 2.5% over 2018-2024. This growth can be undeniably credited to the presence of pivotal manufacturing companies in the region, such as Sonneborn, Chevron Corporation, Exxon Mobil, and more. Reportedly, these companies have taken to adopt vital growth strategies such as capacity expansions in a bid to meet the exponential demand from end-use industries like personal care & cosmetics, pharmaceuticals, plastics & polymers, etc.

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

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

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.

White oil market is gaining remarkable impetus lately, perhaps on account of its exponentially surging demand from a plethora of industry verticals. White oil, often referred to as baby oil or mineral white oil is a mixture of highly refined paraffinic and naphthenic hydrocarbons which are derived from crude oil and are extremely versatile & pure. The odorless, tasteless, and colorless properties of white oil have significantly enhanced its penetration across several end-use industries, thereby paving the path for the extensive expansion of white oil industry over 2018-2024.

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

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Enumerating three principal application trends of the white oil market:

Increasing white oil consumption as a moisturizer and cleanser in emollient creams & lotions has propelled the growth of white oil industry from personal care & cosmetic applications. Equipped with excellent skin compatibility, low irritancy, and resistance to bacteria, white oil finds significant usage in the cosmetic domain. Powered by its superior smoothness, moisture resistance, and extraordinary lubricity, white oil is often used as a base material in baby oils, massage creams, skin creams, and lotions. The rising consumption of the aforementioned products is certain to drive white oil market size from personal care & cosmetic applications, which was pegged at a modest USD 1.5 billion in 2017.

The food industry is a pivotal application avenue for the growth of the white oil industry . White oil is extensively used in food processing, food packaging, food grade lubes, and release agents. Additionally, the approval from regulatory bodies such as the FDA for white oil to be used in applications requiring direct and indirect contact with food will also augment white oil industry size from food applications. Incidentally, the food industry is estimated to account for more than 6% of the white oil market revenue share by 2024.

The global white oil industry is also gaining considerable traction from the plastics & polymers sector, owing to the growing demand for mold release agents and extrusion aids. Back in 2017, white oil market share from plastic and polymer applications was pegged at USD 750 million, powered by the low volatility, high purity, and the paraffinic base of the product that make it ideal to be deployed in plastic applications. As the demand for mold release agents and extrusion aids increases in the plastic manufacturing arena, the commercialization graph of white oil industry from plastics & polymer applications is bound to accelerate in the years to come.

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

Enumerating white oil market trends from a regional perspective, it is prudent to mention that Asia Pacific has emerged as one of major terrains for the expansion of this industry. As per estimates, Asia Pacific white oil industry size was pegged at over USD 2.5 billion in the year 2017, propelled by the product’s extensive adoption rate across the textiles, plastics, food processing, and agricultural industries.

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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