Global White Oils Market, By Application (Agriculture, Adhesives, Food, Textile, Personal Care, Polymers, and Pharmaceutical) & Geography- Forecast till 2022
White Oils are extremely refined mineral oils that are versatile and pure in nature. They are derived either from paraffinic base-stocks or naphthenic base-stocks. White Oils resist moisture, and are used to provide lubrication, smoothness, and softness in many formulation processes. It comprise saturated aliphatic hydrocarbons & alicyclic nonpolar, and are chemically stable, odourless, tasteless, inert, and colourless. They are available in many grades, such as USP grade and food grade. Based on their grade, they are used in baby oils, egg shell sealants, creams & lotions, liquid soaps, and animal vaccine.
White oils are widely used in applications where products come in direct contact with human skin.
The growing pharmaceutical and personal care industry, along with the rising demand of personal care products in global market is increasing due to its application of providing lubrication and smoothness in formulation processes, which in turn driving the demand of White Oils. Lubricant is the leading market segment in terms of size as well as the growth rate. A change in customer taste in personal care products might affect the growth of the White Oils market during the forecast period. Moreover, the demand for White Oils is increasing, owing to the strong moisture resistance it offers and its usage in manufacturing of elastomers and adhesives, which will further boost the market during the forecast period.
The market is further segmented into Pharmaceutical Grade, Technical grade and Others. The report covers application areas such as Personal Care, Agriculture, Adhesives, Food, Textile, Polymers, Pharmaceutical, Textile, and Others. The market is projected to grow at a CAGR of XX.X% during 2017-2022.
White Oils market is expected to grow in Asia-Pacific region due to significant increase in the consumption of White Oils, which includes personal care and pharmaceutical. At the same time agriculture, textile and adhesives developments are also high in developing economies, i.e. India and China. North America is second in line, in terms of White Oil consumption and production.
This market research study provides a detailed qualitative and quantitative analysis of the global White Oils market. Various secondary sources, such as encyclopaedia, directories, industry journals, and databases are used to identify and collect information useful for this extensive commercial study of the mineral oils market. The primary sources include experts from related industries and suppliers who have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.
Competitive scenarios of the top players in the White Oils market have been discussed in detail. Leading players of this industry with their recent developments and other strategic industry activities are also covered in the report. Companies, such as Royal Dutch Shell plc (Netherlands), Exxon Mobil Corporation (U.S.), BP plc. (U.K.), Total S.A. (France), Petro-Canada Co., Ltd. (Canada), JX Nippon Oil & Energy Corporation (Japan), and other are operating in this market.
Please fill in the form below to receive a free copy of the Summary of this Report
Please visit http://www.micromarketmonitor.com/custom-research-services.html to specify your custom Research Requirement