White Oil Market, By Application (Plastics and Elastomers, Adhesives, Personal Care, Agriculture, Textile, Food and Beverage, Pharmaceutical, Metalworking Applications, Other Applications), By Grade (Technical/Industrial Grade, Pharmaceuticals Grade), By Base Oil (Group I, Group II, Group III, Naphthenic), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
White oil is an excellent emollient, chemical contact inhibitor, and softening agent. It also possesses superior properties for the manufacturing of water-resistant creams. In addition, it is a great choice for hot melt adhesives. It also induces transparency and maintains color stability. This makes white oil an ideal candidate for cosmetics applications. They are colorless, odorless, and tasteless, and are non-toxic.
Market Dynamics:
The increasing demand for personal care products and the expansion of the textile and pharmaceutical industries are major drivers of the market growth. The pharmaceutical industry is one of the most important sectors driving the market growth. The market is also expected to get benefit from increased demand for polymers in various applications across the globe.
On the other hand, availability of substitute products is projected to hamper the market growth over the forecast period.
Key features of the study:
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