These companies are focusing on new product developments, mergers and acquisitions, facility expansions, and other key strategies to gain a competitive advantage and strengthen their footprint in the global market. The strategic landscape of the white oil market is inclusive of companies such as BASF SE, British Petroleum, ExxonMobil Fuels & Lubricants, Royal Dutch Shell, Sinopec Corporation, Hainan Handi Sunshine Petrochemical, ENEOS Corporation, Suncor Energy, Nynas AB, Apar Industries Ltd., Panama Petrochem Ltd., Sasol, Calumet, and Sonneborn LLC, among others. Request for customization of this report Such factors, coupled with favorable socio-economic conditions, will augment white oil production in the region. ![]() Based on Cosmetics Europe’s study, 72% of consumers consider personal care and cosmetic products to be essential in improving quality of life, self-esteem, and social interactions. With the growing reliance on beauty products, the use of white oil as a skin oil ingredient is increasing steadily. ![]() ![]() This trend will boost the consumption of food-grade lubricants, such as white oils, to protect food processing machinery.Įurope white oil market registered revenue of over USD 340 million in 2022, due to the escalating number of new entrants and the strong focus on the development of high-efficacy white oil products. Based on the 2021 Processed Foods Consumers Survey, 23.7% of South Korean households were buying processed foods two to three times per week as compared to 20.6% in 2020. White oil market share from the food grade segment was valued at USD 140 million in 2022, owing to shifting consumer preference toward processed foods.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |