Global Type 2 White Essential Oil Market Growth 2023-2029

Global Type 2 White Essential Oil Market Growth 2023-2029

Petroleum solvent oil, also known as mineral oil or mineral turpentine (MTO); is a petrochemical solvent containing C7 to C12 aliphatic, acyclic and aromatic hydrocarbons with a boiling point range of 65-230 ° C. The fractions obtained from naphtha and kerosene distillates can produce four types of liquor. Due to the different raw materials used in the production process, these types of ingredients may vary within certain specific ranges. Type 2 petroleum solvent oil, also called solvent extraction, is a mixture of hydrocarbons and is obtained as a raffinate from the solvent extraction process. Demand for Type 2 white essential oils is mainly driven by growing demand from manufacturers of paints and coatings, adhesives and cleaning chemicals. Increasing consumption of these compounds in various end-use industries such as automotive, construction, composites, and chemicals is another important factor leading to the high demand for Type 2 white essential oils.

LPI (LP Information)' newest research report, the “Type 2 White Essential Oil Industry Forecast” looks at past sales and reviews total world Type 2 White Essential Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Type 2 White Essential Oil sales for 2023 through 2029. With Type 2 White Essential Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Type 2 White Essential Oil industry.

This Insight Report provides a comprehensive analysis of the global Type 2 White Essential Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Type 2 White Essential Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Type 2 White Essential Oil market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Type 2 White Essential Oil and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Type 2 White Essential Oil.

The global Type 2 White Essential Oil market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Type 2 White Essential Oil is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Type 2 White Essential Oil is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Type 2 White Essential Oil is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Type 2 White Essential Oil players cover Royal Dutch Shell, Total SA, ExxonMobil, Idemitsu Kosan, ThaiOil Company and Bharat Petroleum Corporation Limited, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Type 2 White Essential Oil market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Low
Medium
High

Segmentation by application
Thinner and Solvent
Fuels
Cleaning Agent
Degreasing Agent
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Royal Dutch Shell
Total SA
ExxonMobil
Idemitsu Kosan
ThaiOil Company
Bharat Petroleum Corporation Limited

Key Questions Addressed in this Report

What is the 10-year outlook for the global Type 2 White Essential Oil market?

What factors are driving Type 2 White Essential Oil market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Type 2 White Essential Oil market opportunities vary by end market size?

How does Type 2 White Essential Oil break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.