Lucintel Forecasts Mineral Oil Market To Grow A Cagr Of 3%-4%

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According to the recent study the mineral oil market is projected to grow at a CAGR of 3%-4% from 2020 to 2025. Growth in this market is primarily driven by growing demand for personal care and cosmetics products and the increasing use of mineral oil in the industrial sector.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in mineral oil market by application (cosmetics, personal care, food and beverage, electrical, industrial, biomedicine, and mechanical), grade (technical oil and white oil), and region (North America, Europe, Asia Pacific, and Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link – https://www.lucintel.com/mineral-oil-market.aspx
“White oil market is expected to remain the largest segment during the forecast period.”
Based on grade, the mineral oil market is segmented into technical oil and white oil. Lucintel forecasts that the white oil is expected to witness the largest segment over the forecast period due to its increasing use in the food and beverage industry. ...
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“Within the mineral oil market, the personal care segment is expected to remain the largest application.”
Based on application, the personal care segment is expected to witness the largest application over the forecast period due to increasing consumer consciousness regarding their personal appearance.
“Asia Pacific will dominate the mineral oil market in near future.”
Asia Pacific is expected to be the largest region over the forecast period due to growing population along with increasing health standards in the region.
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Major players of mineral oil market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BASF SE, Dow Chemical Company, Applied Thermal Control, Clariant AG, Solutia Inc., Petro Canada, Flowserve Corporation, Radco Industries, and Huntsman Corporation are among the major mineral oil providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/mineral-oil-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

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