DUBLIN--(BUSINESS WIRE)--The "Global White Oil Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The global white oil market is expected to witness an exponential growth at a CAGR of 3.86%. The market was valued at US$1.662 in 2017 and is expected to reach US$2.064 billion by 2023, due to escalating demand for personal care and pharmaceutical products, and polymers among others.
The global white oil market is divided into various segments on the basis of purity of product for diverse consumption across various verticals. The pharmaceutical grade segment is expected to grow at a moderate CAGR due to a wide acceptance of white oil in the industry over the forecast period.
The white oil market in pharmaceutical is projected to grow at a significant rate over the next five years. The demand for white oil in pharmaceutical is mainly driven by its increased application as a lubricant in medical or pharmaceutical industry instruments, base materials for oil and ointments and others.
Asia Pacific region was the major market for white oil in 2017 accounting for a significant share of the global white oils market. North America region is also expected witness considerable demand for white oil by personal care and cosmetics manufacturers owing to technical advancements in production and product innovation.
- China Petroleum & Chemical Corporation
- Exxon Mobil Corporation
- Sonneborn LLC
- EC21 Inc.
- Nynas AB
- Petro-Canada Lubricants Inc.
- Shell International B.V.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global White Oil Market Forecast by Grade (US$ Billion)
6. Global White Oil Market Forecast by Industry (US$ Billion)
7. Global White Oil Market Forecast by Regions (US$ Billion)
8. Competitive Analysis
9. Major Global Companies
For more information about this report visit https://www.researchandmarkets.com/research/sm9wrw/global_white_oil?w=4