A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global White
Oil
Market. The
study, titled “White
Oil Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Demand
for specialty petrochemicals and refined oil products is rising
rapidly in various industrial segments. White oil is an important
product used in the chemical, pharmaceutical, cosmetics, and food
processing industries. White oils are generally recognized as a class
of highly refined and versatile mineral oils, and are generally
produced from paraffinic or naphthenic base-stocks from the
refineries. Major chemical composition of white oils comprises
saturated aliphatic hydrocarbons and alicyclic nonpolar, which are
odorless, tasteless, chemically inert, colorless, and biologically
stable in nature. White oils have excellent storage life, and they
also do not change color over time. White oils are available in five
different grades which are chemically distinct from each other: 65/75
(ISO VG 10/15), 50/60 (ISO VG 7), 200/215 (ISO VG 32/46), 80/90 (ISO
VG 15), and 340/365 (ISO VG 68).
Browse
Market Research Report @
Most
white oils contain Vitamin E, which protects it from natural
oxidation and stabilizes it during storage. White oils find
applications in a variety of products such as baby oils, food &
meat packs, protective coating on raw fruits and vegetables,
furniture polishes, creams & lotions, hair conditioners &
shampoos, liquid soaps, egg shell sealant, dog and cat food, animal
medication, makeup, and kitchen cleaners. Furthermore, white oils are
employed to provide smoothness, lubrication, and softness in many
chemical processes and formulations due to their excellent
water-resistant property.
Rising
demand for personal care products, coupled with the expanding
personal care and pharmaceutical industry around the globe, has led
to rise in demand for white oils. This rising demand is further
anticipated to increase due to expansion of the personal care product
segment, and the pharmaceutical industry. Rising demand from the
cosmetic industry due to the strong moisture-resistant property of
white oils is likely to further propel the market during the forecast
period. White oils are also widely utilized in the manufacturing of
specialty adhesives and elastomers due to their water- and
moisture-resistant properties, which are also estimated to fuel the
expansion of the global white oil market during the forecast period.
White oils are certified safe for their application in food and
dietary products attributed by the recent halal and the kosher
certification to white oil, which has resulted in its rising demand
around the globe. Conversely, fluctuating oil prices have hampered
the expansion of the white oil market significantly and are acting as
a major restraint for the white oil market.
The
Asia Pacific (APAC) region is likely to witness significant demand
for white oil due to an increased consumption of white oils and their
derivatives. The personal care and pharmaceutical industries in APAC
are expanding rapidly. APAC has also shown an increased demand for
cosmetics and personal care products, which in turn has accelerated
the consumption of white oils in the region over time. APAC is
anticipated to dominate the market for white oils with a healthy CAGR
during the forecast period. North America is the second largest
region in terms of production and consumption of white oil in the
world. Expansion of the white oil market in North America is
anticipated to be significant during the forecast period due to
significant demand from the food, cosmetics, and chemical industries.
The white oil market in Europe is anticipated to expand consistently
during the forecast period. Economic and industrial expansion in
Middle East & Africa coupled with the rising demand for polymers
and specialty chemicals in the region are estimated to propel the
white oil market during the forecast period. The white oil market in
Latin America is likely to expand at a sluggish pace during the
forecast period.
Get
accurate market forecast and analysis on the White Oil market.
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Major
market players and participants in the global white oil market are
Exxon Mobil Corporation, British Petroleum, Seojin Chemical Co. Ltd.,
Renkert Oil Inc., Sasol, Nynas AB, Sonneborn Inc., Royal Dutch Shell
N.V., JX Nippon Oil & Energy Corporation, and Petro-Canada.
Manufacturers of white oils around the globe are putting their best
efforts to strengthen their market position by acquisitions and
technology licensing, adding portfolio of value added products, and
developing an improved and robust distribution network around the
globe.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
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and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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