Mineral Oils Market Holistic Growth and Strong CAGR by 2024-2031: Navigating the US Tariff Impact

The Global Mineral Oils Market reached US$ 5.1 billion in 2022 and is expected to reach US$ 7.1 billion by 2030, growing with a CAGR of 4.2% during the forecast period 2024-2031.

Mineral Oils Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Mineral Oils Market refers to the global trade and use of colorless, odorless oils derived from refining petroleum. These oils are widely used in cosmetics, pharmaceuticals, food processing, and industrial applications due to their excellent lubricating and moisture-retaining properties. The market continues to grow, driven by rising demand across personal care and manufacturing sectors.

List of the Key Players in the Mineral Oils Market:

ExxonMobil, Royal Dutch Shell, Chevron Corporation, Total Energies, BP, Sinopec Group, Nynas AB, Repsol, Hindustan Petroleum Corporation Limited (HPCL) and Indian Oil Corporation Limited (IOCL).

Industry Development:

In September 2022, Sitio Royalties Corp. and Brigham Minerals, Inc. announced a definitive all-stock merger agreement, forming a company with an aggregate enterprise value of approximately US$ 4.8 billion (based on share prices as of September 2, 2022). This merger united two of the largest public players in the oil and gas mineral and royalty sector, combining their complementary, high-quality assets primarily in the Permian Basin and other oil-rich regions. The resulting entity is poised to become an industry leader with a strong history of consolidating mineral and royalty interests from diverse exploration and production (E&P) companies.

In October 2023, during the inaugural session of IMARC 2023, a panel of international experts highlighted Australia's strategic role in meeting the rising global demand for key minerals. They emphasized that Australia can strengthen global supply chains and bolster its position through enhanced national collaboration, positioning the country as a crucial player in the global energy transition and critical mineral development.

Assessing the Effects of U.S. Tariffs on the Market

The U.S. tariff war is reshaping how businesses analyze trends and make strategic decisions. As tariffs drive up costs and disrupt supply chains, companies are increasingly focused on understanding consumer behavior, identifying new sourcing opportunities, and adjusting their operations to remain competitive. The ongoing uncertainty has created a stronger demand for timely insights and data-driven strategies to navigate shifting trade dynamics and economic pressures.

Research Process:

Both primary and secondary data sources have been used in the global Mineral Oils Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Mineral Oils Market:

By Class: Paraffinic Oil, Aromatic Oil, Naphthenic Oil.

By Grade: Industrial Grade, Pharmaceutical Grade, Cosmetic Grade, Food Grade.

By Application: Lubricants, Pharmaceuticals, Cosmetics and Personal Care, Electrical, Automotive, Agriculture, Others.

Regional Analysis for Mineral Oils Market:

The regional analysis of the Mineral Oils Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Mineral Oils market?

➠ Who are the leading manufacturers in the global Mineral Oils industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Mineral Oils industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Mineral Oils market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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