+1-888-308-5802     
News Contact Us

North America white oil market 2018 to Showcase Significant Growth in the healthcare industry by 2024

Author : Ronak Bora | Published Date : 2019-05-14 

North America white oil market will witness substantial growth due to favorable regulatory compliance coupled with continued product innovations, particularly in the healthcare industry. Rising spending on personal care along with the cosmetic industry expansion will create new avenues for white oil market growth. Additionally, presence of key manufacturing companies such as Exxon Mobil, Sonneborn, and Chevron Corporation will drive regional growth.

The global white oil market is moderately fragmented in nature owing to the presence of several multinational companies and regional manufacturers. Key players are Sinopec Corporation, Exxon Mobile, Chevron, Sonneborn, JX Nippon, Royal Dutch Shell., British Petroleum and Sasol. Numerous companies are involved in partnerships, collaborations, mergers & acquisition, product innovation and portfolio expansion to enhance their industry footprint over the forecast period. For instance, in 2018, FUCHS PETROLUB acquired Chevron's white oils and food machinery specialty lubricant business to enhance their product offerings to food lubricant customers.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1192

White Oil Market revenue is projected to observe a massive surge over the next few years, driven by the escalating product popularity in the healthcare, cement, pharmaceuticals, textile, plastic & polymer, food, precision equipment, bakery, wood, and personal care & cosmetics sectors. The product also finds massive utilization in tanks, gears, compressor cylinders, hydraulic equipment, vats, medical equipment, and packaging. Pertaining to the broad application spectrum alone, white oil industry exhibits the competence to flourish over the forthcoming years. As per estimates, white oil industry, which accumulated a revenue of more than USD 1.1 billion in 2015, is anticipated to surpass USD 2 billion by 2024.

White oil market value in the pharmaceuticals sector is projected to surge at a rate of more than 2.8% over the years ahead. Rising health consciousness among the consumers along with the rising need for laxatives, excipients, and medical ointments are forecast to generate immense growth opportunities for the business.

Plastics & polymers sector, which contributed to more than 50% of the overall white oil market share in 2015, is expected to remarkably influence the business growth. Rising product demand for PVC lubricants, rubbers, extenders, thermoplastic elastomers, and plastic annealing will boost the industry landscape. High usage of the product as mold release agents as well as extrusion aids in the plastic production will also push the revenue.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1192

MEA white oil market is projected to register notable gains of nearly 2.6% over the coming seven years. Intense demand for the product from the end-use sectors such as petroleum and petrochemicals along with its surging application in personal care & cosmetic items will push the revenue. Saudi Arabia and South Africa are likely to be key regional growth drivers.

Food applications are expected to contribute more than USD 68 million towards white oil market revenue by 2024. Rising product application in wrappers, packaging & filling equipment, sugar refining, and the egg-coating will boost the business trends. The thriving animal feed sector will further augment the revenue.

 

Browse Full Report @ https://www.gminsights.com/industry-analysis/white-oil-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Antimicrobial Coatings Market Size is driven by strong application trends in healthcare application segment

Published Date: 2019-08-09         Author: Ronak Bora

Global antimicrobial coatings market is segmented into medical & healthcare application, indoor air quality application, food application, antimicrobial textile application, mold remediation application and construction. Medical & healthcare application segment can experience substantial ... Read More

Aromatic Solvents Market Size to witness heavy growth prospects via paints & coatings sectors

Published Date: 2019-08-09         Author: Ronak Bora

Aromatic solvents market finds extensive application in varied sectors such as automotive, oilfield chemical, pharmaceutical, and paints & coatings. Pharmaceutical application will exhibit a CAGR of more than 2% over 2016- 2024, owing to its significant usage in drug formulation. Paints & co... Read More

Synthetic Lubricants Market in Europe Will Touch $1.67 Billion Up To 2023

Published Date: 2019-08-09         Author: Ronak Bora

Europe synthetic lubricants market price is predicted to surpass $1.67 billion by end of 2023 due to presence of key automobile and airplaneproducing firms like Audi, Airbus, Volkswagen, Rolls Royce, Mercedes and BMW. Asia Pacific, led by India and China synthetic lubricants market, is predicted ... Read More

© 2019 Fractovia. All Rights Reserved