Press release
White Mineral Oil Market Set for Rapid Growth Forecast 2019-2030| Key Players
A report, "Global White Mineral Oil Market" has been recently published by Market Industry Reports (MIR). As per the published report, the global white mineral oil market was estimated to be over US$ 2.5 Billion in 2018 and is anticipated to grow at a moderate CAGR from 2019 to 2030.The pharmaceutical grade white mineral oil offers high purity level and is also cost-effective which increases its use across industries such as food & beverages, healthcare, animal/pet care, and beauty & personal care. Furthermore, growing technological advancements and product and process innovation are further expected to supplement market growth in the coming years.
Top Key Players:
The major players operating in the white mineral oil market include The HollyFrontier Corporation, Calumet Specialty Products Partners, Renkert Oil Inc, Phillips 66 Company, H&R Group, Royal Dutch Shell PLC, Shanghai Lulu Industrial Co., Ltd, Exxon Mobil Corporation, Petroyag Lubricants, Eastern Petroleum, among others.
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Segmentation Overview:
By Product
Pharmaceutical Grade
Technical Grade
By End Use Industry
Healthcare
Food and Beverages
Beauty and Personal Care
Agriculture
Plastic
Textile
Packaging
Others
Furthermore, the growing demand from smaller and developing economies is further expected to supplement white oils market growth in the coming years. For instance, Apar Industries Ltd. exports its white oils to countries such as Sri Lanka, Singapore, Malaysia, Nepal, Tanzania, and others. Similarly, Eastern Petroleum exports its products to countries such as the UAE, Saudi Arabia, Qatar, Iran, Egypt, Nigeria, Ethiopia, Egypt, Uganda, Mozambique, Namibia, South Africa, Brazil, Argentina, Uruguay, Peru, and others.
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APAC stands to be the largest market in terms of consumption of white mineral oil globally and is expected to witness growth during the forecast period. Factors such as growth expansion in the textiles, chemicals, and beauty & personal care industries are playing a major role in driving the demand in this region. For instance, China stands to be the largest market for chemicals globally and the increasing use of white mineral oils in adhesives, hot melts, etc. is boosting market growth. Additionally, the country also stands to be the worlds largest producer of plastics wherein white mineral oil is used as a lubricant for formulations of PS, PVC, PP, and TPE. These white oils are used to improve and control the melt rate flow of finished polymer to provide release properties or change the physical characteristics. Hence, a growing demand from the packaging industry is further expected to propel the market during the forecast period.
Table of Content:
INTRODUCTION
Market Definition
Market Classification
Geographic Scope
Years Considered for the Study: Historical Years - 2016 & 2017; Base Year - 2018; Forecast Years - 2019 to 2030
Currency Used
RESEARCH METHODOLOGY
Research Framework
Data Collection Technique
Data Sources
Secondary Sources
Primary Sources
Market Estimation Methodology
Bottom Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecast Model
Limitations/Assumptions of the Study
ABSTRACT OF THE STUDY
MARKET DYNAMICS ASSESSMENT
Overview
Drivers
Barriers/Challenges
Opportunities
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About Market Industry Reports
Market Industry Reports is a global leader in market measurement and advisory services. It is 100% subsidiary of Maniks Systems Pvt Ltd. The firm has always been at the forefront of innovation to address the worldwide industry trends and opportunities.
We offer our clients a unique depth of market intelligence in an actionable format to move their business forward. Our analysis incorporates the consumer study in more than 100 countries that provide a tactical approach to drive the sustained growth for the business. We continue to pioneer state-of theart approach in research & analysis that makes complex world simpler to stay ahead of the curve. By nurturing the perception of genius and optimized market intelligence we bring proficient contingency to our clients in the evolving world of technologies, megatrends and industry convergence. We empower and inspire Vanguards to fuel and shape their business to build and grow world-class consumer products.
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