Press release
White Oil Market Overview, Trends Analysis, Growth Factor and Forecast from 2019 to 2024, Key Players are ExxonMobil, Chevron, BP, Shell, Sasol
White Oil Market
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The food industry is a pivotal application avenue for the growth of the white oil market. 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 market 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.
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.
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
White Oil Market in pharmaceutical segment 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.
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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.
Owing to the presence of numerous prominent firms and regional manufacturers, the overall competitive hierarchy of the white oil market can be termed as moderately fragmented. Encompassing a wide range of product and application domains, the global white oil industry comprises of major companies along the likes of Sasol, British Petroleum, Royal Dutch Shell, JX Nippon, Sonneborn, Chevron, Exxon Mobile, Sinopec Corporation. As per reliable estimates, the remuneration portfolio of the white oil market is slated to surpass USD 6 billion by 2024.
Major Point From Table Of Content:
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.
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