The global white oil market is expected to reach USD 2.60 billion by 2024, according to a new report by Grand View Research, Inc. Increasing consumption of the ingredient in a broad range of applications including adhesives, pharmaceutical, personal care, and textiles is expected to drive market growth over the forecast period.
Pharmaceutical was one of the largest applications accounting for 21.8% of the overall revenue in 2015. Rising geriatric population and prevalence of diseases is expected to drive the demand for pharmaceuticals, particularly in China, Brazil and South Africa, which in turn is likely to fuel the market for white oil.
Full Research Report On White Oil Market Analysis: www.grandviewresearch.com/industry-analysis/white-oil-market
Global white oil market volume share, by application, 2015 (%)
Further key findings from the report suggest:
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Global personal care market, 2013 – 2024 (USD Million)
Grand View Research has segmented the global white oil market on the basis of application and region:
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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