Apar Industries Ltd., Sonneborn LLC, Phillips 66 Company, Eastern Petroleum Private Limited, and Petro-Canada Lubricants, among others, are the major players in the global food grade mineral oil market.
The global food grade mineral oil market is expected to grow at a CAGR of 3.5% in the forecast period of 2023-2028. As per the analysis by Expert Market Research, the market is being driven by the rising utilisation of food grade mineral oil in various end-use sectors.
The extensive use of food grade mineral oil in the cosmetics and personal care sector is aiding the market growth. Food grade mineral oil offers effective cleansing and moisturising effect and is known to improve the texture of end products. This, in turn, is bolstering its usage in haircare, cosmetics, and skincare products. The renewability of food grade mineral oil is further increasing its use as a substitute for vegetable oils in the personal care and cosmetics sector, hence favouring the market growth.
The rising awareness regarding the benefits of food grade mineral oil to treat eczema and hydrate and moisture dry skin is driving its utilisation in the personal care and cosmetic sector. Various research activities are also affirming the safety of food grade mineral oil for use in skincare and cosmetic products, which is anticipated to boost the market demand.
There is an increasing demand for food grade mineral oil as a lubricant laxative for the treatment of constipation. With the rising geriatric population and the surging incidences of stomach issues, the market for food grade mineral oil is expected to grow. Furthermore, the increasing manufacturing of food grade mineral oil by the leading companies is likely to positively influence the market growth in the coming years.
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Apar Industries is a company that manufactures and supplies various types of cables, conductors, specialty oils, lubricants, and polymers, among others. It is one of the largest alloys, transformer oils, and aluminium conductor manufacturers across the globe. It aims to optimise its manufacturing facilities for providing innovative solutions to clients at an affordable cost.
|Headquarters:||Pennsylvania, United States|
Sonneborn is a company that manufactures high-quality speciality products. The company’s innovative solutions and products are used in the food processing, personal care, polymer, agricultural sciences, and pharmaceutical sectors. Its products enable manufacturers to meet strict regulatory standards. It also offers the largest white mineral oil portfolio for use in food, personal care, and pharmaceutical applications.
|Headquarters:||Texas, United States|
Phillips 66 is a prominent energy manufacturer and logistics company. The company aims to provide energy and improve the lives of people. In October 2022, the company announced the installation of FreeWire ultrafast electric vehicle at its fuel station near Houston and debuted its ultrafast EV charging at a convenience fuel station.
Eastern Petroleum Pvt. Ltd. Is a company that markets and manufactures automotive, marine, and industrial lubricants, lube and fuel additives, petroleum paraffin, as well as petroleum sulphonates. It has a wide range of more than 50 products and offers 22 grades. The company aims to provide high-quality and reliable products at affordable prices.
Petro-Canada Lubricant is a company engaged in the development of high-quality specialty fluids, lubricants, and greases. Its products are made from 99.9% pure base oils, which makes them durable, high-performance, and ideal for utilisation in diverse end-use sectors. Its lubricants enable customers to enhance their productivity, reduce equipment downtime, and lower overall maintenance costs.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.