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White Mineral Oil Market Size, Share - Global Industry Analysis 2025

Author: Simone Singh
by Simone Singh
Posted: Jan 31, 2019

The global white mineral oil market size is considered to rise at over 3.0% CAGR by the end of 2025. Cosmetics & personal care, adhesives, pharmaceutical, and polymer sectors are projected to be the key growth favoring white mineral oil (petroleum) market trends, in the future. The white mineral oil market size in the cosmetics & personal care segment exceeded USD 400 million in 2017.

The Asia Pacific cosmetics & personal care industry is likely to witness strong growth of over 5% CAGR over the coming years. Asia Pacific witnessed remarkable white mineral oil (petroleum) market trends in 2017. Ever increasing population coupled with high consumer spending patterns by the millennial generation especially in countries such as India and China have propelled the usage of cosmetics and personal care products. This, in turn, is expected to increase the cosmetic white oil market demand in Asia Pacific by 2025.

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Agriculture is projected to account for increased white mineral oil (petroleum) market share by the end of 2025. White mineral oil is used in crop protection applications as an effective spray oil for grain dust suppression. Sonneborn, Inc. is one of the key product suppliers that offer USP and technical grades of white mineral oil for the agriculture and animal feed industries.

A significant white mineral oil (petroleum) market share has been captured by regional and local players depicting high fragmentation. ExxonMobil, Sinopec Corporation, Petro-Canada, and Sonneborn, Inc. are a few of the global market players. These players have implemented various growth strategies such as product enhancement, technology licensing, and distribution agreement in order to sustain across the globe. For instance, Petro-Canada uses its "HT Purity Process" for producing 99.9% ultra-pure formulation of base fluids including white oils and others.

Key segments of the global white mineral oil (petroleum) market trends report

End-user Overview, 2015-2025 (Kilo Tons) (USD Million)

  • Pharmaceutical
  • Cosmetics & personal care
  • Food
  • Adhesives
  • Agriculture
  • Polymers
  • Textile
  • Others

Regional Overview, 2015-2025 (Kilo Tons) (USD Million)

  • North America
  • U.S.
  • Europe
  • Germany
  • Russia
  • Asia Pacific
  • China
  • South Korea
  • India
  • Latin America
  • Brazil
  • Middle East & Africa (MEA)

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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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Author: Simone Singh

Simone Singh

Member since: Nov 25, 2018
Published articles: 72

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