Global Mineral Oils Market - Industry Trends and Forecast to 2030
The global mineral oils market is expected to reach USD 7,352,184.11 Thousand by 2030 from USD 5,185,206.28 Thousand in 2022, growing at a CAGR of 4.6% in the forecast period of 2023 to 2030
Market SegmentationGlobal Mineral Oils Market, By Class (Paraffinic Oil, Aromatic Oil and Naphthenic Oil), Grade (Industrial Grade, Pharmaceutical Grade, Cosmetic Grade and Food Grade), Application (Lubricants, Pharmaceuticals, Cosmetics & Personal Care, Food Industry, Electrical and Industrial, Tires/Rubbers, Agriculture, Polymers, Packaging, Textile, Adhesives, Coatings/Inks and Others), Country (U.S., Canada, Mexico, China, India, Japan, South Korea, Indonesia, Australia, Thailand, Singapore, Philippines, New Zealand, Malaysia, Vietnam, Taiwan, Rest of Asia- Pacific, Saudi Arabia, Egypt, South Africa, United Arab Emirates, Qatar, Kuwait, Oman, Bahrain, Rest of Middle East and Africa, Germany, France, Netherlands, Switzerland, Belgium, Austria, Luxembourg, Monaco, Liechtenstein, U.K., Sweden, Norway, Denmark, Finland, Latvia, Estonia, Iceland, Rest of Northern Europe, Croatia, Bosnia And Herzegovina, Albania, Andorra, Greece, Rest of Southern Europe, Russia, Poland, Romania, Czech Republic, Hungary, Ukraine, Slovakia, Bulgaria, Belarus, Moldova, Rest of Eastern Europe, Brazil, Argentina, Rest of South America) Industry Trends and Forecast to 2030
Overview of Global Mineral Oils Market Dynamics
Driver• Emerging consumption of mineral oil in personal care and cosmetics products
• Rising adoption in pharmaceutical markets
• Positive outlook toward the lubricants industry
Restrain• Fluctuation in raw material prices
• Availability of substitutes
Opportunity• Novel applications of mineral oils in advanced battery system manufacturing
Market PlayersThe key players operating in the global mineral oils market are
• Eastern Petroleum
• Shanghai Bojing Chemical Industry Co., Ltd
• ALLWIN TRADE SOLUTIONS
• Petro‐Canada Lubricants Inc.
• NANDAN PETROCHEM LTD,
• AP SAIGON PETRO
• Gandhar Oil Refinery (India) Limited
• Eni Benelux B.V.
• APAR Industries Limited
• Exxon Mobil Corporation
• Calumet Specialty Products Partners, L.P.
• LODHA Petro
• RENKERT OIL
• Cepsa
• LANXESS
• The International Group, Inc.
• CARMEL Industries
• H&R GROUP
• Indian Oil Corporation Ltd
• Unicorn.
• Adinath Chemicals
• savita.com
• Repsol
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