Press release
Mineral Oil Global Market 2023 - Latest Trends, Technological Advancement, Driving Factors And Forecast To 2032
Mineral Oil Market
As per the Mineral Oil Global market report by The Business Research Company, rising demand for personal care products such as skin care is expected to propel the growth of the mineral oil market going forward. Personal care products refer to creams and lotions that are used to protect the skin.
The global mineral oil market size grew from $3.72 billion in 2022 to $3.97 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The mineral oil market size is expected to grow to $4.9 billion in 2027 at a CAGR of 5.4%.
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Major competitors in the Mineral Oil Global market include Shell, Renkert Oil Inc., British Petroleum, Petro-Canada, Sinopec, BASF, Chevron Corporation, Clariant, Seojin Chemical, Exxon Mobil Corporation, Fuchs, Eastman, Eni Oil Products, Sasol Limited, and Unicorn Petroleum.
The Mineral Oil Global market is segmented -
• By Type: Paraffinic Oil, Naphthenic Oil, Aromatic Oil
• By Grade: Technical Oil, White Oil
• By End User: Personal Care, Food and Beverages, Industrial, Pharmaceutical, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Mineral Oil Global market.
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Mineral oil refers to a kind of oil produced from petroleum that contains a mixture of oily liquids. It is a colorless, transparent liquid that is odorless and tasteless. Mineral oil is insoluble in water and ethanol. Mineral oils are used in the manufacture of various products such as bulk drugs, cosmetics, textile auxiliaries, and plant spray oil, agrochemicals, aerosols, dye intermediates, and the paper industry.The main types of mineral oil are paraffinic oil, naphthenic oil, and aromatic oil. Paraffin oil refers to a hydrocarbon-based liquid from the fractional distillation of crude oil.
The Table Of Content For The Mineral Oil Global Market Include:
1. Executive Summary
2. Mineral Oil Market Characteristics
3. Mineral Oil Market Trends And Strategies
4. Mineral Oil Market - Macro Economic Scenario
5. Mineral Oil Market Size And Growth
6. Mineral Oil Market Segmentation
...........
26.1. Africa Mineral Oil Market Overview
27. Mineral Oil Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mineral Oil Market
29. Mineral Oil Market Future Outlook and Potential Analysis
30. Appendix
The "Global Mineral Oil Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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