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White Oil Market Key Segments and Trends Analysis 2018-2024

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. 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.   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. The Global White Oil Market demand was 2,388.4 kilo tons in 2015 and is expected to show high gains on account of the rapid development of the personal care, pharmaceutical, polymers, and adhesives sectors in China, India, South Africa, Saudi Arabia, Brazil, Singapore, and Thailand Change in consumer tastes in the daily personal car...