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

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

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More Information @ High application potential in plastic & polymer industry, particularly in synthetic aromatic polymer applications including polystyrene (PS) will propel the white oil market growth. – PowerPoint PPT presentation

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


1
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.

4

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
5
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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