Global Mineral Oil Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Mineral Oil Market 2021 (Includes Business Impact of COVID-19)
Global Mineral Oil Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global mineral oil market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global mineral oil market report has been segmented on the basis of class, application, and region.
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The global Mineral Oil market size was valued at USD$3.74 billion in 2020 and is projected to reach UDS$5.54 billion by 2030, and is anticipated to expand at a CAGR of 4.00% over the forecast period from 2020 to 2030.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Mineral oil is odorless and colorless petroleum distillate. It is derivate from crude oil. It is used in medicines application as an emollient or a laxative. Mineral oil is also applied to skin in order to retain moisture in the skin and make it more pliable and softer. It is also used as solvent, insulator, and lubricator in various industries such as F&B, cosmetic, etc. Mineral oil has many health benefits such as helps in improving skin condition, digestive system, and also helps to strengthen hair. In addition, it is use for residential purpose including sanitization of houses, prevent rusting, and remove stains.

Dynamics:

Growing demand for personal care products and cosmetics among individuals is a major factor driving growth of the global mineral oil market. Increasing use of mineral oil in skin creams, mineral oil lotions, and hair oils is the other factor supporting growth of the target market. Food grade mineral oils are approved by Food and Drug Administration and other food regulatory authority. Growing its use in food preparations is another factor fueling growth of the target market. Furthermore, growing usage of mineral oil in industrial sector as a thermic fluid is other factor expected to boost growth of the global mineral oil market in the near future.

However, changing prices of crude oil may hamper growth of the global mineral oil market. In addition, toxicity caused by prolong use of mineral oil such as irritation, redness, stinging, etc. is another factor that could affect growth of the target market. Increasing use of high grade mineral oil for aromatherapy and biomedicines is key trend witnessed in the target market.

Segment Analysis:

On the basis of application, the cosmetics and personal care segment anticipated to witness high growth in the near future. Increasing demand of personal care products and baby care products in emerging economies is a factor supporting growth of this segment in the global mineral oil market.

Regional Analysis:

Market in North America accounts for major share in terms of revenue and is expected to maintain its position over the forecast period. High use of mineral oil food industry is a key factors propelling growth of the target market in North America region. In addition, growing popularity of aromatherapy among consumers is another factor expected to support growth of the target market in the region. Asia Pacific market in expected to account for second-highest share in terms of revenue in the near future. This is primarily attributed to rising awareness regarding various types of personal care products and increasing disposable income in country in this region.


Below are the active patents related to Mineral Oil Market.


Patent Number: US20110223225A1

Solid oil powders

Abstract

The present invention relates in general to the field of oil powders. In particular, the present invention relates to an oil composition that is in powder form at room temperature. One embodiment of the present invention is a solid oil powder that has a very high oil content.

Application File Date: 2009-11-16

Application Granted Date: 2013-12-17

Current Assignee: Societe des Produits Nestle SA

Patent Number: US20060286048A1

Dustless powder materials

Abstract

This invention relates to a coated powder material containing a powder material having a surface layer that has been chemically immobilized with one or more surface-active agents and coated with an oil. The surface-active agents are present in an amount of at least about 0.1% by weight, based on the powder material; the oil is present in an amount ranging from about 0.1 to 180% by weight, based on the powder material; and the combined weight percentage of the surface-active agents and oil is at least about 4.0% by weight, based on the powder material. The oil-absorption rate of the powder material ranges from about 0.01 to about 0.70 gram of oil per gram of dry powder. The coated powder material is useful as a cosmetic

Application File Date: 2005-06-02

Application Granted Date: 2019-02-05

Current Assignee: Miyoshi America Inc

Patent Number: EP2915919A1

Mineral oil barrier

Abstract

The present invention is directed to a liquid coating composition comprising at least one terephthalate ionomer comprising anionic substituents selected from sulfonate, carboxylate and/or phosphate groups, wherein the at least one terephthalate ionomer has an acid value of at least 1 mg KOH/g ionomer, at least one calcium carbonate containing filler, and a buffer.

Application File Date: 2014-03-03

Application Granted Date: 2017-10-25

Current Assignee: Omya International AG

Global Mineral Oil Market Segmentation:

Segmentation by class:

  
Paraffinic Oils (Composed of n-Alkanes)
  
Naphthenic Oils (Comprises Mainly Cyclo-Alkanes)
  
Aromatic Oils (Composed of Aromatic Hydrocarbons)

Segmentation by application:

  
Cosmetics and Personal Care
  
Food and Beverage
  
Electrical and Industrial
  
Biomedicine
  
Mechanical


Key Market Players included in the report:


  
Bates Nut Farm
  
Farm Fresh Nuts
  
Germack Pistachio Company
  
Hellas Farms LLC
  
Horizon Growers
  
Houston Pecan Company
  
Keenan Farms Inc.
  
Meridian Growers LLC
  
Nichols Farms
  
Pistachio Provenance
  
Primex Intl Trading Corp.
  
Rasha Pistachio Co.
  
Ready Roast Nut Company
  
Santa Barbara Pistachio Company
  
Setton Pistachio of Terra Bella Inc.
  
Sierra Nut House inc.
  
Specialty Food Association Inc.
  
The Pistachio Co Food Trading LLC.
  
The Wonderful Company LLC
  
WeGotNuts
  
Whistler Foods Co.
  
Wonderful Pistachios & Almond Company LLC