White Mineral Oil (Petroleum) Market 2021 Revenue Share, SWOT Analysis, Product Types, Analysis and Forecast Presumption till 2026
Market dynamics of white mineral oil vary significantly in each geography. Asia Pacific is the key producer as well the largest consumer of white mineral oil.
Dallas, United States – April 27, 2021 /MarketersMedia/ —
The biggest drivers of the white mineral oil market are the pharmaceutical and cosmetics industry. Petroleum and petroleum products are used in the pharmaceutical and cosmetics industries and white mineral oil is no exception. White mineral oil is highly refined, colorless, odorless paraffinic mineral oil. The base used for manufacturing the white mineral oil is paraffinic base oils. It is smooth, soft, and acts as a lubricant in cosmetic and personal care products. The oil has a zero tolerance for pathogenic bacteria thus, it is an essential raw material used for making body lotions, hair oils, baby oils, and many such cosmetic and personal care products.
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The other driving segments of the white mineral oil market are the Food industry and the Plastics and Elastomers industry. In the food industry, white mineral oil is used for packaging food products, meat products and as a preservative in egg coating whereas, in the Plastics and Elastomers industry, white mineral oil is used as an additive agent. Also, it is commonly used for the production of thermoplastic rubbers, PVC production, for producing polystyrene, and more such grades of white mineral oil to meet varied industry requirements.
The largest suppliers in the white mineral oil market are the countries like China, Pakistan, the U.S, India, Netherlands, South Africa, France, and more. Additionally, the top companies producing the white mineral and that is considerably performing well in the market are Total S.A., Sonneborn LLC, Sasol Limited, Royal Dutch Shell plc, Renkert Oil, Inc, Panama Petrochem Ltd, Exxon Mobil Corporation, Eastern Petroleum Pvt Ltd, China Petroleum & Chemical Corporation, Chevron Corporation among others. However, government regulations and laws regarding white mineral oil are very stringent and the companies involved in the production have to comply with the regulations which may hinder the white mineral oil market.
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Vertical integration across the white oil market value chain is expected to increase the intensity of rivalry during the forecast period. Sinopec Corporation, Petro Canada, Royal Dutch Shell N.V., and Sonneborn, Inc. are a few of the fully integrated players operating in the value chain. Furthermore, there is a significant presence of different regional market players especially those that are based in India, China and other developing countries. This scenario is expected to intensify the market rivalry and ultimately the overall competitive environment for white oil in the next couple of years.
Categorization of global white mineral (petroleum) oil market:
End-user Overview, 2015-2025 (Kilo Tons) (USD Million)
• Personal care
• Pharmaceutical
• Adhesives
• Polymers
• Agriculture
• Food
• Textile
• Others
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
• North America
o U.S.
• Europe
o Germany
o Russia
• Asia Pacific
o China
o South Korea
o India
• Latin America
o Brazil
• Middle East & Africa (MEA)
o Saudi Arabia
o South Africa
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Reasons for the study
The study emphases on the white oil market dynamics and its penetration across industry verticals.
• Market growth of cosmetics & personal care, pharmaceutical, and polymers, and application of white mineral oil in these sectors are the key trends analyzed
• Consumer awareness coupled with the overall spending patterns on personal care products were studied to analyze growth driving patterns. This further helped us to track trend variations in each region.
• Geographic presence, product brands, and grades offered by major players and presence of several local players are some of the parameters studying in order to evaluate the overall market competitiveness
• The effect of regulations governing the use of synthetic based skin care and hair care products in Europe have also been taken into account for understanding their impact on the growth of the white mineral oil market
What does the report include?
• The global white mineral oil (petroleum) market report is a holistic study comprising:
• In-depth qualitative analysis on the market drivers, restraining factors, and opportunities
• Evaluation of the industry by using the industry value chain and Porter’s Five Forces analysis models
• Impact of political, socio-economical, technological, environmental, and legal factors on the market via PESTEL analysis
• Actual market sizing and forecast estimates by application and region
About Us:
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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