Press release
APAC White Oil Market to witness heavy growth prospects from 2019 to 2024
White Oil Market
On the other hand, North America white oil market is replete with the presence of leading players, including Chevron Corporation, Exxon Mobil and Sonneborn. These companies have gracefully implemented ‘capacity expansion strategy’ to keep up with the ever-increasing demand from end-users. Nonetheless, North America white oil market is slated to expand at a moderate CAGR of over 2.5% through 2024. It is believed that product innovation and favorable regulatory compliance in healthcare industry will boost North America white oil market trend.
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Food industry is set to register over 6% CAGR in white oil market share during the forecast period 2018-2024. Inevitably, white oil is highly sought-after in release agents, processing, food-grade lubes and packaging. Notably, approval from FDA has instilled confidence among stakeholders in white oil market. Besides, rising popularity of adhesives in food packaging has complemented soaring consumption of processed and packaged foods. These factors are expected to undergird white oil market share by 2024.
White oil market size is poised for robust growth as attributes such as chemically inert, non-toxic, odorless and colorless have instilled confidence among stakeholders. Prominently, white oil is highly sought-after in pharmaceuticals, chemical processing and cosmetics industry. White oil-based products offer notable features such as low irritancy, skin compatibility, bacteria resistant and low environmental impact. Experts credit burgeoning urbanization and improving economic conditions for the proliferating white oil market share.
Technological development in the manufacturing process aimed at providing environmentally friendly and cost-effective solutions has impelled white oil market share. Besides, advent of biodegradable and non-toxic emollient products in line with the international manufacturing standards has underpinned white oil market forecast. Further, demand for white oil in the manufacturing of elastomers and specialty adhesives owing to moisture- and water-resistant properties presents a sanguine white oil market outlook.
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Soaring demand for cosmetic products with improved quality has upped the adoption rate of white oil-based products. Inevitably, demand for durable, pure and consistent products has proliferated dramatically in the recent past. Notable uptick in the consumption of bath and baby oil, lotions, creams and emollients has created favorable white oil market outlook. White oil market size is expected to surpass US$ 6 bn by 2024, according to a new research report by Global Market Insights, Inc.
Major Point From Table Of Content:
Chapter 3 White Oil Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013- 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Raw material trends
3.4.1 Paraffinic hydrocarbons
3.4.2 Naphthenic hydrocarbons
3.5 White oil industry overview, 2017
3.5.1 White oil production capacity of key players
3.5.2 White oil product, by specification
3.5.3 White oil potential customer overview, 2017
3.6 Global petroleum product market outlook
3.6.1 Major petroleum product consumption
3.6.2 Petroleum product prices
3.6.3 Petroleum product output
3.6.4 Trade statistics (Mineral Oil)
3.6.4.1 Net exports
3.6.4.2 Net imports
3.6.4.3 Petroleum needs & budget
3.7 Global personal care market share analysis & forecast, 2013 – 2024
3.8 Technology & innovation landscape
3.8.1 Current white oil production procedures overview
3.8.1.1 Two Stage Catalytic Hydrogenation
3.8.1.2 Solvent Refining Process
3.9 Regulatory landscape
3.9.1 Environmental indicators of white oil production
3.9.1.1 General indicators of sustainability
3.9.1.2 Entrepreneurial indicators of sustainability
3.9.1.3 Sustainability indicators for oil & gas industry
3.9.2 U.S.
3.9.2.1 172.878 – CFR – Code of Federal Regulations Title 21
3.9.2.2 Sec. 178.3620 Mineral oil. – CFR – Code of Federal Regulations Title 21
3.9.3 Canada
3.9.3.1 Canada Oil and Gas Operations Act (R.S.C., 1985, c. O-7)
3.9.4 Europe
3.9.4.1 High viscosity white mineral oils; CAS Number 8042-47-5; Liquid paraffin; Paraffinum Liquidum
3.9.5 Japan
3.9.5.1 Chemical Substances Control Law (CSCL)
3.9.5.2 Industrial Safety and Health Law (ISHL)
3.9.5.3 Law for PRTR and Promotion of Chemical Management (PRTR Law)
3.9.5.4 Poisonous and Deleterious Substances Control Law (PDSCL)
3.9.6 China
3.9.6.1 GB 4853-2008 Food grade white oil. GB/T12494- 1990 White oil for food-machinery
3.10 Pricing trends, by region
3.10.1 North America
3.10.2 Europe
3.10.3 APAC
3.10.4 LATAM
3.10.5 MEA
3.10.6 Cost structure analysis, 2017
3.11 Industry impact forces
3.11.1 Growth drivers
3.11.1.1 Growth in cosmetics and personal care industry
3.11.1.2 Expansion of plastics & elastomers market
3.11.1.3 Rising demand for white oil as adhesives in food packaging
3.11.2 Industry pitfalls & challenges
3.11.2.1 Fluctuating prices of crude oil
3.12 Growth potential analysis, 2017
3.13 Competitive landscape, 2017
3.13.1 Major players
3.13.2 Market share analysis, 2017
3.13.3 Strategy dashboard
3.14 Porter’s analysis
3.15 PESTEL analysis
Chapter 4 White Oil Market, By Application
4.1 Global white oil market share by application, 2017 & 2024
4.2 Plastic & polymer
4.3 Pharmaceuticals
4.4 Personal care & cosmetics
4.5 Food industry
4.6 Textiles
4.7 Others
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/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
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