The global white oil market is experiencing steady growth, driven by its expanding role in various industrial applications beyond its traditional use as a lubricant. Mordor Intelligence, a leading market research firm, forecasts the market to reach a substantial size of USD 1.58 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of over 1.25% during the forecast period (2024-2029). This growth signifies the versatility and diverse functionalities of white oil across a range of industries.
From Gears to Greener Solutions: White Oil's Expanding Industrial Uses
White oil's properties such as high purity, low volatility, and good oxidation resistance make it a valuable material for numerous industrial applications:
Plastics Industry: White oil acts as a plasticizer, improving the flexibility and processing characteristics of plastics.
Textile Industry: Used as a lubricant in textile machinery and for enhancing the feel and finish of fabrics.
Pharmaceutical & Personal Care: White oil serves as a base for various ointments, creams, and cosmetics due to its non-irritating and non-toxic nature.
Metalworking: Employed as a coolant and cutting fluid during metal machining processes.
Mordor Intelligence's Report Offers Valuable Insights:
Mordor Intelligence's comprehensive report on the "White Oil Market" provides a detailed analysis of the key trends shaping the industry:
Market Segmentation: The report segments the market by grade (technical white oil, pharmaceutical white oil), application (lubricants, textiles, pharmaceuticals & personal care), and region.
Focus on Sustainability: The report explores the growing demand for sustainable and readily biodegradable white oil grades.
Technological Advancements: The report analyzes advancements in white oil refining processes that enhance its purity and performance.
Competitive Landscape: The report profiles leading manufacturers and suppliers of white oil, highlighting their production capacities and geographic reach.
For more information and to access the full report, please visit: https://www.mordorintelligence.com/industry-reports/white-oil-market
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