White oil is an excellent emollient, chemical contact inhibitor, and softening agent. It also possesses superior properties for the manufacturing of water-resistant creams. In addition, it is a great choice for hot melt adhesives. It also induces transparency and maintains color stability. This makes white oil an ideal candidate for cosmetics applications. They are colorless, odorless, and tasteless, and are non-toxic.
Market Dynamics:
The increasing demand for personal care products and the expansion of the textile and pharmaceutical industries are major drivers of the market growth. The pharmaceutical industry is one of the most important sectors driving the market growth. The market is also expected to get benefit from increased demand for polymers in various applications across the globe.
The global white oil market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global white oil market are Bharat Petroleum Corporation Ltd. (BPCL), Calumet Specialty Products Partners, China Petrochemical & Chemical Corporation (Sinopec), Columbia Petro Chem Pvt Ltd., Exxon Mobil Corporation, H&R GROUP, HF Sinclair Corporation, Nynas AB, Oxiteno (Indorama Ventures), Renkert Oil, Shell PLC, Sasol, and Savita Oil Technologies Limited
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