The global white oil market is projected to grow at a CAGR of 3.72% to reach US$2.152 billion by 2024, from US$1.729 billion in 2018. The escalating demand for personal care and pharmaceutical products, and polymers among others. The global white oil market growth is also complemented by advancements in the production process that allows complete removal of dust particles, superior purity, odorless, and tasteless products. However, the growth of global white oil in the global market will observe restraint due to strict government policies in developed nations, economic uncertainty, and fluctuating petroleum prices. Furthermore, the pharmaceutical grade segment is expected to grow at a moderate CAGR due to a wide acceptance of global white oil in the industry over the forecast period. North America is expected witness considerable demand for global white oil by personal care and cosmetics manufacturers owing to technical advancements in production and product innovation.
The “Global white oil Market – Forecasts from 2019 to 2024” is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by grade, application, and geography.
The global white oil market has been segmented based on grade, application, and geography. By grade, the market has been segmented into pharmaceutical grade, technical grade, and food grade. By industry vertical, the market is segmented into cosmetics, pharmaceuticals, food, textile, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the global white oil market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the global white oil market.
Global white oil market has been segmented on the basis of material, process, industry vertical, and geography as follows: