Press release
Mineral Oil Market 2024 Competitive Landscape, Industry Analysis, Segmentation And Forecast To 2033
"The new report published by The Business Research Company, titled ""Mineral Oil Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the mineral oil market size has grown strongly in recent years. It will grow from $3.96 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The mineral oil market size is expected to see strong growth in the next few years. It will grow to $5.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7537&type=smp
Surging Demand For Personal Care Products Fuels Growth In The Mineral Oil Market
Rising demand for personal care products such as skin care is expected to propel the growth of the mineral oil market going forward. Personal care products refer to creams and lotions that are used to protect the skin. This may involve activities specific to users, such as dressing, taking a shower, applying creams and lotions, and bathing. Personal care and skin care products use mineral oils because of their moisturizing, emollient, and soothing properties. For instance, according to Forbes, an American business magazine, the global cosmetic industry is expected to reach $390 billion by 2024. Therefore, rising demand for personal care products such as skin care is driving the growth of the mineral oil market.
Product Innovations Transforming The Mineral Oil Market
Major companies operating in the mineral oil market are developing new products such as synthetic high performance grease to gain a competitive edge in the market. Synthetic high-performance grease refers to a lubricating substance designed for demanding applications that require superior performance characteristics. For instance, in May 2022, DuPont de Nemours Inc., a US-based chemicals company, launched the MOLYKOTE Multilub Synthetic High Performance Grease, a versatile lubricant certified with the National Lubricating Grease Institute's (NLGI) HPM + LT designation. This certification signifies High-Performance Multiuse Grease with enhanced low-temperature performance, making it suitable for a wide range of applications, including gears, slides, pumps, agitators, spindles, gearboxes, bushings, actuators, and springs. The synthetic formulation offers superior performance and durability compared to mineral-oil-based greases, and its ability to operate in temperatures as low as -58°F (-50°C) adds flexibility to its applications.
The mineral oils market covered in this report is segmented -
1) By Type: Paraffinic Oil, Naphthenic Oil, Aromatic Oil
2) By Grade: Technical Oil, White Oil
3) By End User: Personal Care, Food and Beverages, Industrial, Pharmaceutical, Other End Users
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7537&type=discount
Major companies operating in the mineral oil market report are Saudi Aramco, China National Petroleum Corporation, PetroChina Company Limited, Exxon Mobil Corporation, Shell plc, TotalEnergies SE, BP plc, Chevron Corporation, ENI S.p.A. Indian Oil Corporation Limited, Rosneft Oil Company, BASF SE, JXTG Holdings Inc., OMV AG, Idemitsu Kosan Co Ltd., Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Sasol Limited, Eastman Chemical Company, Kuwait Petroleum Corporation, Clariant International AG, FUCHS PETROLUB SE Civitas Resources Inc., Petro-Canada, Idemitsu Lubricants Co Ltd., Unicorn Petroleum Company Limited, Renkert Oil Inc., CKX Lands Inc., Seojin Chemical Co Ltd., Nippon Oil Corporation, Phillips 66, EOG Resources Inc.
Contents of the report:
1. Executive Summary
2. Mineral Oil Market Report Structure
3. Mineral Oil Market Trends And Strategies
4. Mineral Oil Market - Macro Economic Scenario
5. Mineral Oil Market Size And Growth
…..
27. Mineral Oil Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/mineral-oil-global-market-report
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The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
As per the report, the mineral oil market size has grown strongly in recent years. It will grow from $3.96 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The mineral oil market size is expected to see strong growth in the next few years. It will grow to $5.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7537&type=smp
Surging Demand For Personal Care Products Fuels Growth In The Mineral Oil Market
Rising demand for personal care products such as skin care is expected to propel the growth of the mineral oil market going forward. Personal care products refer to creams and lotions that are used to protect the skin. This may involve activities specific to users, such as dressing, taking a shower, applying creams and lotions, and bathing. Personal care and skin care products use mineral oils because of their moisturizing, emollient, and soothing properties. For instance, according to Forbes, an American business magazine, the global cosmetic industry is expected to reach $390 billion by 2024. Therefore, rising demand for personal care products such as skin care is driving the growth of the mineral oil market.
Product Innovations Transforming The Mineral Oil Market
Major companies operating in the mineral oil market are developing new products such as synthetic high performance grease to gain a competitive edge in the market. Synthetic high-performance grease refers to a lubricating substance designed for demanding applications that require superior performance characteristics. For instance, in May 2022, DuPont de Nemours Inc., a US-based chemicals company, launched the MOLYKOTE Multilub Synthetic High Performance Grease, a versatile lubricant certified with the National Lubricating Grease Institute's (NLGI) HPM + LT designation. This certification signifies High-Performance Multiuse Grease with enhanced low-temperature performance, making it suitable for a wide range of applications, including gears, slides, pumps, agitators, spindles, gearboxes, bushings, actuators, and springs. The synthetic formulation offers superior performance and durability compared to mineral-oil-based greases, and its ability to operate in temperatures as low as -58°F (-50°C) adds flexibility to its applications.
The mineral oils market covered in this report is segmented -
1) By Type: Paraffinic Oil, Naphthenic Oil, Aromatic Oil
2) By Grade: Technical Oil, White Oil
3) By End User: Personal Care, Food and Beverages, Industrial, Pharmaceutical, Other End Users
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7537&type=discount
Major companies operating in the mineral oil market report are Saudi Aramco, China National Petroleum Corporation, PetroChina Company Limited, Exxon Mobil Corporation, Shell plc, TotalEnergies SE, BP plc, Chevron Corporation, ENI S.p.A. Indian Oil Corporation Limited, Rosneft Oil Company, BASF SE, JXTG Holdings Inc., OMV AG, Idemitsu Kosan Co Ltd., Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Sasol Limited, Eastman Chemical Company, Kuwait Petroleum Corporation, Clariant International AG, FUCHS PETROLUB SE Civitas Resources Inc., Petro-Canada, Idemitsu Lubricants Co Ltd., Unicorn Petroleum Company Limited, Renkert Oil Inc., CKX Lands Inc., Seojin Chemical Co Ltd., Nippon Oil Corporation, Phillips 66, EOG Resources Inc.
Contents of the report:
1. Executive Summary
2. Mineral Oil Market Report Structure
3. Mineral Oil Market Trends And Strategies
4. Mineral Oil Market - Macro Economic Scenario
5. Mineral Oil Market Size And Growth
…..
27. Mineral Oil Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/mineral-oil-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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