NA Mineral Oils Market - Industry Trends and Forecast to 2030
North America mineral oils market is expected to reach USD 2,241,149.25 Thousand by 2030 from USD 1,568,006.38 Thousand in 2022, growing at a CAGR of 4.7% in the forecast period of 2023 to 2030
Market SegmentationNorth America 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) - Industry Trends and Forecast to 2030
Overview of North America 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
OpportunityNovel applications of mineral oils in advanced battery system manufacturing
Market PlayersThe key players operating in the North America 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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