The global mineral oils market is expected to reach USD 7,352,184.11 Thousand by 2030 from USD 5,185,206.28 Thousand in 2022, growing at a CAGR of 4.6% in the forecast period of 2023 to 2030
Market Segmentation:
Global Mineral Oils Market, By Class (Paraffinic Oil, Aromatic Oil and Naphthenic Oil), Grade (Industrial Grade, Pharmaceutical Grade, Cosmetic Grade and Food Grade), Application (Lubricants, Pharmaceuticals, Cosmetics & Personal Care, Food Industry, Electrical and Industrial, Tires/Rubbers, Agriculture, Polymers, Packaging, Textile, Adhesives, Coatings/Inks and Others), Country (U.S., Canada, Mexico, China, India, Japan, South Korea, Indonesia, Australia, Thailand, Singapore, Philippines, New Zealand, Malaysia, Vietnam, Taiwan, Rest of Asia- Pacific, Saudi Arabia, Egypt, South Africa, United Arab Emirates, Qatar, Kuwait, Oman, Bahrain, Rest of Middle East and Africa, Germany, France, Netherlands, Switzerland, Belgium, Austria, Luxembourg, Monaco, Liechtenstein, U.K., Sweden, Norway, Denmark, Finland, Latvia, Estonia, Iceland, Rest of Northern Europe, Croatia, Bosnia And Herzegovina, Albania, Andorra, Greece, Rest of Southern Europe, Russia, Poland, Romania, Czech Republic, Hungary, Ukraine, Slovakia, Bulgaria, Belarus, Moldova, Rest of Eastern Europe, Brazil, Argentina, Rest of South America) Industry Trends and Forecast to 2030
Overview of Global Mineral Oils Market Dynamics:
Driver
Emerging consumption of mineral oil in personal care and cosmetics products
Rising adoption in pharmaceutical markets
Positive outlook toward the lubricants industry
Restrain
Fluctuation in raw material prices
Availability of substitutes
Opportunity
Novel applications of mineral oils in advanced battery system manufacturing
Market Players:
The key players operating in the global mineral oils market are:
Eastern Petroleum
Shanghai Bojing Chemical Industry Co., Ltd
ALLWIN TRADE SOLUTIONS
PetroCanada Lubricants Inc.
NANDAN PETROCHEM LTD,
AP SAIGON PETRO
Gandhar Oil Refinery (India) Limited
Eni Benelux B.V.
APAR Industries Limited
Exxon Mobil Corporation
Calumet Specialty Products Partners, L.P.
LODHA Petro
RENKERT OIL
Cepsa
LANXESS
The International Group, Inc.
CARMEL Industries
H&R GROUP
Indian Oil Corporation Ltd
Unicorn.
Adinath Chemicals
savita.com
Repsol
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