White Oil Market will grow at 3% CAGR in Personal & cosmetic market till 2024

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White Oil Market share to cross 6bn by 2024
Global Market Insights Inc.
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Industry Overview

• White Oil Market to exceed USD 6 billion by 2024
  according to a new research report by Global
  Market Insights, Inc. Increasing product
  innovations in the personal care industry along
  with the enhancement of cosmetics quality across
  the globe have resulted in an increasing demand
  for white oil based products. Benefits such as
  skin compatibility, low irritant, and resistance
  to bacteria and other unwanted elements are
  projected to boost the white oil market growth.
  Increasing demand for durable, pure, and
  sustainable lotions, oils, emollients, and creams
  has improved the industry development.
• High application potential in plastic polymer
  industry, particularly in synthetic aromatic
  polymer applications including polystyrene (PS)
  will propel the white oil market growth. The
  product is also significantly used in
  manufacturing PVC, LDPE, and TPE. The high
  product usage as gear lubricants and hydraulic
  fluids in industrial applications including
  machinery, compressors, and tanks will boost
  industry share.

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• White oils are used in several laxatives,
  ointments, and excipients under the
  pharmaceutical industry. Increasing consumption
  for the treatment of bee mites is expected to
  provide a positive outlook for product demand.
  Increased use of high-grade white oil in
  aromatherapy and the production of biomedicines,
  gelatin capsules, ointment and lotions are
  projected to provide new opportunities for the
  market growth in the specified time frame.
• Fluctuating crude oil prices due to political and
  economic uncertainties may impact the product
  price trends. Geopolitical events often result in
  supply disruption, output loss, and incompetency
  in market functioning might restrain the white
  oil market growth.
• Personal care cosmetic applications registered
  more than USD 1.5 billion revenue in 2017. White
  oil provides superior smoothness, resistance to
  moisture and exceptional lubricity when used as a
  base material in skin creams, lotions, baby oil
  massage. Increasing consumption of these personal
  care products will drive the product demand.

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Browse Full Market Research Report Of White Oil
Market _at_ https//bit.ly/2owZFWo Request
for a Sample of this Research report _at_
https//bit.ly/2qnbtPy
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North America White Oil Market, By Application,
2017 2024 (USD Million)

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Industry Coverage

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• Food industry will capture more than 6 revenue
  white oil market share by 2024. The product has
  strong application scope in processing, release
  agents, packaging and food grade lubes. Moreover,
  approval from regulatory organizations such as
  FDA for use in applications that require indirect
  and direct contact with food will augment
  business growth over the forecast timeline.
• Plastic and polymer application reported over USD
  750 million revenue share in 2017. High purity,
  low volatility and the paraffinic base of the
  product make it ideal for plastic applications.
  The rising demand for module release agents and
  extrusion aids in plastic manufacturing will
  supplement product adoption rate.
• North America white oil market will witness
  growth over 2.5 CAGR from 2018 to 2024. The
  presence of key manufacturing companies such as
  Exxon Mobil, Sonneborn, and Chevron Corporation
  will drive regional growth. These players have
  implemented capacity expansion strategy to meet
  high demand from end-use industries such as
  cosmetics personal care, plastic polymers and
  pharmaceuticals, thereby fostering product
  penetration.

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• Asia Pacific market registered more than USD 2.5
  billion in terms of revenue in 2017. High product
  adoption rate in agricultural, textile, plastic
  and food processing industries will foster
  business growth. Furthermore, the transformation
  of the region into a manufacturing hub owing to
  favorable FDI policies will create lucrative
  opportunities for industry participants.
• The global white oil market is moderately
  fragmented in nature due to the presence of
  several multinational companies and regional
  manufacturers. Key industry players include
  Sinopec Corporation, Exxon Mobile, Chevron,
  Sonneborn, JX Nippon, Royal Dutch Shell., British
  Petroleum and Sasol. Numerous companies are
  involved in partnerships, collaborations, mergers
  acquisition, product innovation and portfolio
  expansion to enhance their industry footprint.
  For instance, in 2018, FUCHS PETROLUB acquired
  Chevrons white oils and food machinery specialty
  lubricant business to enhance their product
  offerings to food lubricant customers.

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