White Oil Market
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<strong>White</strong> oils are used in several laxatives, ointments, and excipients under the<br />
pharmaceutical industry. Increasing consumption for the treatment of bee mites is<br />
expected to provide a positive outlook for product demand. Increased use of highgrade<br />
white oil in aromatherapy and the production of biomedicines, gelatin<br />
capsules, ointment and lotions are projected to provide new opportunities for the<br />
market growth in the specified time frame.<br />
Fluctuating crude oil prices due to political and economic uncertainties may impact<br />
the product price trends. Geopolitical events often result in supply disruption, output<br />
loss, and incompetency in market functioning might restrain the white oil market<br />
growth.<br />
Personal care & cosmetic applications registered more than USD 1.5 billion revenue<br />
in 2017. <strong>White</strong> oil provides superior smoothness, resistance to moisture and<br />
exceptional lubricity when used as a base material in skin creams, lotions, baby oil &<br />
massage. Increasing consumption of these personal care products will drive the<br />
product demand.<br />
Food industry will capture more than 6% revenue white oil market share by 2024.<br />
The product has strong application scope in processing, release agents, packaging<br />
and food grade lubes. Moreover, approval from regulatory organizations such as<br />
FDA for use in applications that require indirect and direct contact with food will<br />
augment business growth over the forecast timeline.<br />
North America <strong>White</strong> <strong>Oil</strong> <strong>Market</strong>, By Application, 2017 & 2024 (USD Million)<br />
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