White Mineral Oil (Petroleum) Market to Exhibit Huge Growth On Account Of Rising Demand from Pharmaceutical, Cosmetics, Personal Care & Food Industry by 2025

Asia Pacific To Boost The Global White Mineral Oil Market Size By 2025

A new research report on the “Global White Mineral Oil (Petroleum) Market Trends, Segmentation By End-user (Pharmaceutical, Cosmetics & personal care, Food, Adhesives, Agriculture, Polymers, Textile, Others), By Region (Asia Pacific, Europe, North America, Latin America, Middle East & Africa (MEA)), And Forecast From 2018 to 2025”, has been added to the Adroit Market Research petrochemicals domain.

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.

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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.

Adhesives industry is considered to be one of the fast growing end-users of the global market. Versatile performance attributes offered by white oil such as better transparency, thermal stability, and lubricity have favored its usage in adhesives. Increased use of the product as a diluent during the processing of pressure sensitive and hot melt adhesives is estimated to be one of the key white mineral oil (petroleum) market trends during the forecast period.

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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Reasons for the study 

The study focuses on the market trends and penetration of white mineral oil in the global and regional markets.

• We have been analyzing the recent market trends of the cosmetics & personal care industry. This further helped us in understanding the usage of white mineral oil for manufacturing various products ranging from cosmetics to baby care products.
• Consumer awareness and rise in the overall spending on cosmetics & personal care products has been analyzed to study the product consumption patterns. This also helped us in tracking down variations in the patterns for each region.
• Competence of the top global players and presence of several local players are some of the other trends that have been taken into consideration for studying the global market competition
• Regulations on conventional or synthetic cosmetics in North America and Europe have also been taken into account for understanding their impact on personal care and pharmaceutical ingredients

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

About Adroit Market Research:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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