Industry Background:
White oil is an odorless and tasteless decolorized mineral oil, which is highly refined and commonly acquired from the paraffinic crude feedstock. There are numerous applications of cosmetic white oil in foot care formulations, lotions, creams, hair oils, hair food formulations, bath oils, massage oils, and baby oils. Increasing demand for cosmetics owing to changing climatic conditions expected to drive the demand for cosmetic white oil during the forecasted period.This growth is primarily driven by Growing Need for Skin Care Products Owing To Changing Climatic Conditions and Increasing Demand for Organic and Natural Cosmetic Products.
Globally, a noticeable market trend is evident Increasing Application Scope in the Personal Care Products
. Major Vendors, such as ExxonMobil Corporation (United States), Sinopec (China), Sonneborn LLC (United States), Royal Dutch Shell Plc (Netherlands), Renkert Oil (United States), Seojin Chemical (South Africa) and Chevron (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Jan 2019, HollyFrontier Corporation announced that its subsidiaries have completed the previously announced acquisition of Sonneborn US Holdings Inc. and Sonneborn Coӧperatief U.A.
Market Drivers
- Growing Need for Skin Care Products Owing To Changing Climatic Conditions
- Increasing Demand for Organic and Natural Cosmetic Products
Market Trend
- Increasing Application Scope in the Personal Care Products
- Product Innovation According To Customer Preferences
Restraints
- Stringent Government Regulations Regarding Cosmetic Additives
- High Cost of Cosmetic White Oil
Opportunities
Cosmetic Industry Growth Owing To the Growing Focus on Skin Nourishing and Care Products and Increasing Demand from the Developing Economies
Challenges
Lack of Awareness in the Developing Economies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cosmetic White Oil Study Sheds Light on
— The Cosmetic White Oil Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cosmetic White Oil industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Cosmetic White Oil industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.