Report Code: A15469 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Food Grade Mineral Oil Market
Request Now !Food grade mineral oil, also known as "white oil" or "liquid paraffin," is a refined product derived from non-vegetable mineral sources such as petroleum or a blend of middle spectrum alkanes. These oils go through a complicated process over time that results in molecules joining together to form bigger chemical chains. When compared to other derivatives derived by distilling petroleum, food grade mineral oils have a lower value in the industrial world.
These oils are colorless, odorless, tasteless, and hydrophobic, and their color does not change over time. When paraffinic or naphthenic base oils were treated with sulfuric acid, food-grade mineral oils were created as by-products of sulfonate synthesis. All unsaturated and aromatic chemicals, nitrogen and sulphur impurities, hazardous chemicals, and color-forming substances are removed during this process.
Natural oxidation inhibitors are also removed.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
End-user industries' increasing demand for the product will help the food-grade mineral oil industry
The global market for food grade mineral oil is being pushed by increased demand from end user industries in expanding Latin American and Asian economies such as Malaysia, Singapore, India, Brazil, and China. These countries have set up a number of opportunities for the food-grade mineral oil business to grow. Over the projection period, the maturing use of high-end mineral oil in the manufacture of biomedicine is likely to drive the market.
The expansion of medical services in nations such as Singapore, India, and Hong Kong is projected to accelerate this trend.
North America is currently the most important market for food-grade mineral oil. This can be attributable to the food industry's increasing demand for food-grade mineral oil. The market is also seeing an upward trend as a result of the WHO and FDA's approval of the product for use in the food industry, which has increased demand for the product and expanded the market.
Market growth aided by diversified approach and high demand for food grade mineral oil
The diverse approach and strong demand for food grade mineral oil in the worldwide market drives the market. During the forecast term, this is projected to gain traction. The market is also buoyed by increased demand for food product revisions as a result of increased disposable income and a changing lifestyle among a vast worldwide population.
Furthermore, approval by the World Health Organization (WHO) and the Food and Drug Administration (FDA) for the use of food grade mineral oil in food preparation is expected to drive market growth in developing countries.
Concurrently, the growing demand for baby oils and lotions in developing economies such as China, India, Canada, and Denmark, as a result of increased personal care knowledge, is predicted to boost the food grade mineral oil market in these provinces. The toxicity of unprocessed food grade mineral oil and the unpredictability of crude oil prices have remained the principal restrictions for the food grade mineral oil industry.
Key Benefits of the Report
Questions answered in the Report
Food Grade Mineral Oil Market Report Highlights
Aspects | Details |
---|---|
By Base oil |
|
By Grade |
|
By Application |
|
By Region |
|
Key Market Players | Basf, Applied Thermal Control, Eastman Chemical, Petro Canada, Flowserve Corporation, Solutia Inc., Radco Industries,, Huntsman Corporation, Huntsman, Clariant, Dow Chemical, Flowserve, Radco Industries |
Start reading.
This Report and over 66,805+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers