Chicago, Sept. 21, 2022 (GLOBE NEWSWIRE) — The global white oil market is projected to reach USD 2.08 billion by 2027, at a CAGR of 4.7% from USD 1.58 billion in 2022, according to a new report by MarketsandMarkets™. There is significant development potential in emerging economies. White oil is in high demand in countries like India, China, and South Korea, which is more likely to fuel the global white oil market in these areas. Its bio-stability and high hydrophobicity enable it to be used in a wide range of applications, including pharmaceuticals, cosmetics, and chemical processing.
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Browse in-depth TOC on “White Oil Market“
254 – Tables
65 – Figures
List of Key Players in White Oil Market:
Royal Dutch Shell (Netherlands),
ExxonMobil Corporation (US),
Sasol (South Africa) and
Renkert Oil, Inc. (US) have undertaken various strategies in the white oil market.
White Oil Market Dynamics:
Driver: Developing pharmaceutical industry
Restraints: Allergic reactions to white oil
Opportunities: Rising demand from plastic industry
Challenges: Volatile raw material prices
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