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Global White Oil Market Anticipated to Reach a Value of Almost US$ 2 Bn by the end of 2025
Asia Pacific (APAC) region is expected to be the most lucrative region and is poised to grow at a higher growth rate than other regions, reflecting a CAGR of 3.9% to reach a value of more than US$ 1 Bn by the end of 2025., 6/14/2018 - A latest research report titled as “Global Market Study on White Oil: Light Paraffinic Oil Expected to Account for High Market Value Share During the Forecast Period 2017-2025” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.

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The global white oil market is anticipated to reach a value of almost US$ 2 Bn by the end of 2025 and is expected to register a CAGR of 3.5% during the period of forecast 2017 to 2025. There are several factors that have influence over the growth of the global white oil market. Several opportunities, trends, challenges, and restraining factors are present within the global white oil market that have an impact on the dynamics of the market. North America and Asia Pacific (APAC) are the major markets for white oil.

Opportunity-Growth assessment of the global white oil market

Significant growth potential lurks within the emerging economies. A high demand for white oil in counties such as India, China and South Korea is observed, which is more likely to drive the global white oil market in these regions

As the market for white oil is consolidated, investments in product development by key manufacturers could create a significant opportunity for end use industries as a rise in the demand for thermoplastic polymer, personal care & cosmetic products and pharmaceutical products will lead to an increase in the consumption of white oil

The rise in population will result in rise in the demand for goods in different industries where white oil is used – industries such as automotive, pharmaceuticals, textile, food and beverage as well as chemicals. This will spur the demand for white oils thereby driving the growth of the global white oil market

Naphthenic oil, which contains less PAH content is expected to show potential opportunities and is expected to grow in regions such as Europe and North America owing to the environmental benefits, especially less carbon emissions during the manufacturing process

A paradigm shift from polymer processing to oil-based processing along with the rising number of end-use industries such as automotive, pharmaceuticals, textiles etc., has a significant impact on the global white oil market growth scenario

The personal care industry, which uses white oil is growing significantly. This has contributed to the growth of the white oil market

Increase in research and development activities has led to the development of new performance based cost-efficient products based on white oil

However, there are certain loopholes that can act as restraints in the growth of the global white oil market. The high costs associated with the formulation of consumer care products, unavailability of quality crude oil, price volatility in crude oil, instability in oil prices that influences the production of white oil are few of the restraints that challenge the growth of the global white oil market.

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