-- The global white mineral oil market size is considered to rise at over 3.0% CAGR by the end of 2025. Cosmetics & personal care, adhesives, pharmaceutical, and polymer sectors are projected to be the key growth favoring white mineral oil (petroleum) market trends, in the future. The white mineral oil market size in the cosmetics & personal care segment exceeded USD 400 million in 2017.
The white mineral oil (petroleum) market trends report is an exhaustive research study comprising market estimates from 2015 to 2025 in terms of revenue (USD Million) and volume (Kilo Tons). The study covers an in-detail market segmentation by end-user industry, which is provided at the global, regional, and country level. The report includes qualitative and quantitative white mineral oil (petroleum) market trends for key countries including the US, China, South Korea, India, Germany, Russia, and Brazil. The research study further provides white mineral oil (petroleum) market shares by end-user industry and region, for 2017 and 2025.
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The Asia Pacific cosmetics & personal care industry is likely to witness strong growth of over 5% CAGR over the coming years. Asia Pacific witnessed remarkable white mineral oil (petroleum) market trends in 2017. Ever increasing population coupled with high consumer spending patterns by the millennial generation especially in countries such as India and China have propelled the usage of cosmetics and personal care products. This, in turn, is expected to increase the cosmetic white oil market demand in Asia Pacific by 2025.
Agriculture is projected to account for increased white mineral oil (petroleum) market share by the end of 2025. White mineral oil is used in crop protection applications as an effective spray oil for grain dust suppression. Sonneborn, Inc. is one of the key product suppliers that offer USP and technical grades of white mineral oil for the agriculture and animal feed industries.
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A significant white mineral oil (petroleum) market share has been captured by regional and local players depicting high fragmentation. ExxonMobil, Sinopec Corporation, Petro-Canada, and Sonneborn, Inc. are a few of the global market players. These players have implemented various growth strategies such as product enhancement, technology licensing, and distribution agreement in order to sustain across the globe. For instance, Petro-Canada uses its “HT Purity Process” for producing 99.9% ultra-pure formulation of base fluids including white oils and others.
Key segments of the global white mineral oil (petroleum) market trends report
End-user Overview, 2015-2025 (Kilo Tons) (USD Million)
• Pharmaceutical
• Cosmetics & personal care
• Food
• Adhesives
• Agriculture
• Polymers
• Textile
• Others
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
• North America
• U.S.
• Europe
• Germany
• Russia
• Asia Pacific
• China
• South Korea
• India
• Latin America
• Brazil
• Middle East & Africa (MEA)
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Table Of Contents:
1 Research Methodology
2 Executive Summary
3 Market Outlook
4 End-user Overview
5 Regional Overview
6 Market Competition
7 Company Profiles
What does the report include?
• The study on the global white mineral oil (petroleum) market includes qualitative market dynamics such as drivers, restraints, and opportunities
• Additionally, the market has been evaluated using the value chain and Porter’s Five Forces analysis
• The study includes qualitative and quantitative analysis of the market categorized on the basis of end-user industry and region. Actual market sizes and forecast figures have been provided for all the afore-mentioned market segments
• The report also covers profiling of key industry players that have a significant global and/or regional presence
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