White Oil Market to hit $2bn by 2024: Global Market Insights, Inc.
SELBYVILLE, Del., Dec. 12, 2017 /PRNewswire-iReach/ -- White Oil Market revenue is projected to observe a massive surge over the next few years, driven by the escalating product popularity in the healthcare, cement, pharmaceuticals, textile, plastic & polymer, food, precision equipment, bakery, wood, and personal care & cosmetics sectors. The product also finds massive utilization in tanks, gears, compressor cylinders, hydraulic equipment, vats, medical equipment, and packaging. Pertaining to the broad application spectrum alone, white oil industry exhibits the competence to flourish over the forthcoming years. As per estimates, white oil industry, which accumulated a revenue of more than USD 1.1 billion in 2015, is anticipated to surpass USD 2 billion by 2024.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1192
White oil is used in manufacturing medical devices, laxatives, ointments and various excipients in healthcare industry. Prevalence of disease and demographic rise in APAC is expected to initiate the pharmaceuticals market demand in China and India.
Rapid industrialization and urbanization particularly in the emerging countries have supported the product development. High product usage as hydraulic fluids and gear lubricants in industrial applications including compressors, machinery, vats and tanks will further favour white oil market growth.
Plastics & polymers dominates the white oil market share, accounted for over 50% in 2015. Surging demand for PVC lubricants, extenders, plastic annealing, thermoplastic elastomers, rubber and catalyst carriers are he stimulating factors of business demand. Moreover, mold release agents and extrusion aids are extensively used in the polymer production.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1192
High product popularity across food & packaging and healthcare sectors along with a greater urge for refined as well as clean oil will augment the growth of Europe white oil industry. North America white oil industry is projected to expand at a CAGR of over 2.7% over the period of 2016-2024, subject to the introduction of new products specifically in the healthcare sector. The U.S. is predicted to make remarkable contributions toward the regional revenue.
Asia Pacific led by China, India and Taiwan accounted for more than 60% of the overall white oil market consumption. Expansion in textile, agriculture and cement industry will enhance the revenue growth in this region.
U.S. will witness a significant market growth at over 4.5%, with strong consumption in protective diluents, emollients, moisturizers, baby care and hair care products will propel the regional demand. Regulatory compliance accompanied by product innovations particularly in healthcare industry will surge the white oil market growth.
MEA white oil market will witness growth over 2.5% by 2024. Technological advancement in production process accompanied by substantial petroleum reserves will drive the regional demand size. Changing consumer tastes along with increased cosmetics and personal care product consumption has also enhanced regional product penetration.
Browse key industry insights spread across 160 pages with 83 market data tables & 10 figures & charts from the report, "White Oil Market Share & Forecast, 2016 – 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/white-oil-market
Browse Related Reports:
Personal Care Ingredients Market Forecast, 2017 – 2024
Personal Care Ingredients Market size was over USD 8 billion in 2016 and is anticipated to witness growth at a CAGR of 5.4% over the forecast timeframe. Personal care ingredients market growth is propelled by its increased demand in cosmetic industry. The exponential rise in population is expected to boost the product market between 2017 and 2024.
https://www.gminsights.com/industry-analysis/personal-care-ingredients-market
Alpha Hydroxy Acid (AHA) Market Forecast, 2017 – 2024
Global Alpha Hydroxy Acid Market size was worth over USD 1.5 billion in 2016 and will surpass 800 kilo tons by 2024. Growth in global cosmetic industry remains the key driver for alpha hydroxy acid market growth, owing to increasing AHA usage in skin care products. As per analysis, global cosmetic industry was valued over USD 290 billion in 2016 and is projected to reach USD 344.4 billion by 2021.
https://www.gminsights.com/industry-analysis/alpha-hydroxy-acid-aha-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
Connect with us: Facebook | Google+ | LinkedIn | Twitter
Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Market Insights
iReach LastName, iReachCompany, 111-222-3333, [email protected]
Share this article