Global Market For Mineral Oil Over The Period 2017 - 2019

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Mineral oil is a mixture of different alkanes obtained from petroleum distillation process. It is a colorless, transparent liquid and formed as a byproduct during petroleum distillation to manufacture petroleum based products. Mineral oil has applications in biomedicine, cosmetics, mechanical & industrial use as thermic fluid, food preparation and others.

Growing demand from cosmetics and food industry is expected to drive the mineral oil market. Owing to rising consumer demand from the growing young population and changing lifestyle is driving the cosmetics industry. Acceptance from FDA for food grade mineral oil to use in food preparation is expected to drive the market in developed countries. Use of mineral oil as thermic fluid in industrial and mechanical applications owing to its advantages over steam systems is expected to fuel the mineral oil market. However, volatility in crude oil prices and toxicity of mildly treated mineral oil may hamper the market growth. Growing end use industries in Asia Pacific region and use of high grade oils in biomedicine are expected to open new opportunities for the players in this market in the near future.

North America was the largest consumer of mineral oil owing to demand from cosmetics and food industry. The U.S. FDAs’ approval for high grade mineral oils’ use in foods is expected to boost the market in this region. Asia Pacific region followed North America in terms of consumption and is expected to grow at higher growth rate owing to increasing population and rising demand from end use industries. Mineral oil market in Europe is expected to grow at moderate rate due food agency regulations related to toxicity of the mineral oil.

Some of the key players in this market include Dow Chemical, Solutia Inc., Petro Canada, BASF SE, Huntsman Corporation, Flowserve Corporation, Radco Industries, Clariant AG and Applied Thermal Control among others.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America
Asia Pacific
Europe
Rest of the World

This report provides comprehensive analysis of

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

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