White Oil Market Sales, Growing Demand Analysis and Revenue Status 2021 | ExxonMobil Corporation, H&R Group, HollyFrontier Corporation (Sonneborn), Nynas AB

The Global White Oil Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The market globally for White Oil is expected to grow at a CAGR of approximately 1.5 % during the forecast period of 2019 - 2024.

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Key Players:

Bharat Petroleum Corporation Ltd (BPCL), Calumet Specialty Products Partners, Columbia Petro Chem Pvt. Ltd, ExxonMobil Corporation, H&R Group, HollyFrontier Corporation (Sonneborn), Nynas AB, Oxiteno, Renkert Oil, Royal Dutch Shell PLC, Sasol, Savita Oil, Sinopec Petrochemical & Chemical Corporation and others.

Key Market Trends

Increasing Demand from Personal Care across the Globe

- White oils are an important part of many cosmetic formulations and are commonly used in almost all types of cosmetic and personal care products, from emulsions to anhydrous cosmetics, such as lip balm, baby oil, skin care, hair care, creams, lotions, and emollients.
- This oil is used in hand and body care cosmetics at levels ranging from 1% to 99%, depending on the quality of the product needed. For example, pressed powders, mascara, eyeliner, and foundations have up to 60% white oil, and eye makeup remover contains 99% white mineral oil. Cosmetic-grade white oil is used in this application, which is refined to meet specifications appropriately.
- In Europe, the white oil used in the cosmetic lip care products should be in line with the purity specifications on polycyclic aromatic hydrocarbons, as reflected in the safety requirements given in EU cosmetic regulation 1223/2009. In 2009 and 2013, the European Food Safety Authority had established an ADI (Acceptable Daily Intake) of 12 mg/kg bw/day for high viscosity and medium viscosity white mineral oils.
- Exxon Mobil Corporation and Sonneborn LLC (HollyFrontier Corporation) are the major manufacturers offering white oil products for personal care and cosmetics applications.
- The personal care segment accounted for the second-largest share, in terms of application, in 2018. Globally, the cosmetics market has been growing continuously with a significant Y-o-Y growth rate. In 2018, the market for cosmetic products had observed a growth rate of 5.50% over 2017, according to LOreal. This, in turn, is expected to drive the market for white oil in the manufacturing of cosmetic products.

Asia Pacific to Dominate the Market

- Asia Pacific region is both the largest and fastest growing market for White Oil.
- Asia-Pacific region accounted for around 61% of the white oil consumption. China is the largest consumer of white oil in the Asia-Pacific region.
- China is becoming the largest market for cosmetics and skincare products, globally. The beauty sector in the country has witnessed a growth of around 5% over the past ten years, and it is set to grow at around the same rate throughout the upcoming years too.
- In India, the largest application of white oils in the country is the hair oil, which is a part of the cosmetics and personal care industry. The overall cosmetics and pharmaceutical industries account for around three-fourths of the white oil consumption in the country.
- Japan is the worlds third-largest cosmetics market. Although Japanese demographics are shrinking, an upturn in consumer confidence and the demand from incoming tourists have been driving the growth of the cosmetics market.
- Japan has more than 2,500 cosmetics manufacturers, of which Shiseido and Kao rank 7th and 9th, respectively, among global cosmetics companies.
- Moreover, with the growing demand for Japan-made cosmetics from Asian consumers, manufacturers are investing in cosmetics production in the country. Recently, one of the largest cosmetics producers in the country, Shiseido, has announced an investment of JPY 40 billion to 50 billion to open a new factory in the southern main island of Kyushu around 2021. The company is also planning to build two other plants in Tochigi Prefecture, by 2019 and Osaka Prefecture, by 2020 to double its production capacity in the country.
- Owing to the increasing demand for textiles, plastics/polymers, cosmetics, pharmaceuticals, and adhesives, the demand for white oils is likely to increase during the forecast period.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global White Oil market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Personal Protective Equipment market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global White Oil market.

Market Segments: This part of the report discusses product type and application segments of the global White Oil market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches White Oil used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

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Finally, the White Oil Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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