Press release
White Oil Market to Show Tremendous Growth by 2026 | Leading Players - FUCHS, H&R GROUP, savita.com, Panama Petrochem Ltd, Apar Industries Ltd., C J Robinson Co Inc
White Oil Market
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Market Analysis: Global White Oil Market
Global white oil market is set to witness a stable CAGR of 4.45% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand of white oil in cosmetic industry and pharmaceutical industry due to its superior blending characteristic are the factors fuelling the growth of this market.
Key Market Competitors: Global White Oil Market
Few of the major competitors currently working in the global white oil market are Calumet Specialty Products Partners, L.P., Chevron Limited., Exxon Mobil Corporation, Total, Royal Dutch Shell, FUCHS, H&R GROUP, savita.com, Panama Petrochem Ltd, Apar Industries Ltd., C J Robinson Co Inc, Morris Lubricants, Petroliam Nasional Berhad, Raj Petro Specialities Pvt. Ltd., Kerax Limited, Petro-Canada Lubricants Inc., Lub Line, Sonneborn LLC.
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Market Definition: Global White Oil Market
White oil is those mineral oils which are colorless, odourless and tasteless in nature. They are widely used for the preparation of cosmetics, pharmaceutical and medicines. This white oil is usually made from different feedstocks and depending upon those different processes are used. They are widely used industries such as food, personal care, polymers, textile, among others. They are usually formed by the refining of paraffinic and naphthenic crude oil feedstock. Increasing demand for packed food among population is also fuelling the growth of this market.
Segmentation: Global White Oil Market
White Oil Market : By Application
Adhesives
Agriculture
Food
Pharmaceutical
Personal Care
Textile
Polymers
Others
White Oil Market : By Product
Light Paraffinic
Heavy Paraffinic
Naphthenic
White Oil Market : By Grade
65/75 (ISO VG 10/15)
50/60 (ISO VG 7)
200/215 (ISO VG 32/46)
80/90 (ISO VG 15)
340/365 (ISO VG 68)
White Oil Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Developments in the Market:
In November 2018, HollyFrontier Corp. announced that they have acquired Sonneborn US Holdings Inc. and Sonneborn Cooperatief UA. This acquisition will help the company to strengthen their position in the market and with new technologies they can advance their high- specialty products
In July 2017, Indian Oil Corp. Ltd announced the launch of their Servo Whitepol which is white oil made from highly refined paraffinic base stocks. It is the first 100% Indian LLP which is made from base oil from IndianOil's flagship Haldia refinery
White Oil Market Drivers:
Rising demand for packed food among population will drive the market
Increasing prevalence for personal care products among population will propel market
Increasing research and development activities on white oils will also enhance market growth
Rising disposable income will also accelerate the growth of this market
White Oil Market Restraints:
Unavailability of the quality crude oil will restrain the market growth
Fluctuation in the price of oil will hamper the market growth
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