The global white oil market is estimated to grow at a CAGR of 3% during the forecast period. Owing to the emerging application of white oil in personal care and cosmetic products. The personal care and cosmetic industry are creating significant demand for white oil products as it is shown that medicinal white oils have no sensitization potential in human skin, which signifies that they do not elicit allergic reactions. The purification of white mineral oil results in a liquid of adequately superior quality that is normally safe for use as an over-the-counter (OTC) skin protectant.
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In the cosmetic sector, it is often utilized as auxiliary or primary material in the production of lotion and cream formulations, makeup products and sun protection creams. Additionally, it is used in the production of baby oil, suntanning products, bath oils, and depilatories. It has been recognized as an important part of several cosmetic formulations owing to ready availability and low cost. It offers emolliency and moisturization in personal care formulations.
Moreover, the purification process of white mineral oil is considered natural as compared to the purification of other natural ingredients and is primarily extracted and purified from the mixture of crude oil. Owing to these benefits, white oil find application in several personal care formulations, which in turn, is driving the growth of the global white oil market.
There are some personal care and cosmetic firms using mineral oils for a different purpose in their products. For instance, L’Oréal S.A. is using mineral oils of high quality which is corresponding to the pharmaceutical or food grades and contains a remarkable purity, thus considered safe for skin. These oils have been safely applied in cosmetics for over 100 years as it is not concerned with significant allergies. Due to this, mineral oils are used on fragile and sensitive skin types.
However, the question may arise regarding the quality of mineral oils coupled with the possible presence of impurities and polycyclic aromatic compounds that are cancerous. Therefore, a better purification process is required for mineral oil production which can support to make the product ideal for use in personal care products.
Moreover, significant R&D investments for skincare products are further increasing the demand for more natural ingredients and hence driving the growth of the global white oil market. For instance, in 2018, L’Oréal invested $1 billion for research and innovation, amounted to 3.4% of sales. The company has filed 505 patents in 2018. The company has generated nearly $30.8 billion in 2018, of which 39% of its revenue generated from skincare, 21% from hair care, 19% from makeup, 11% from fragrances and 10% from hygiene products. The company uses naturally sourced ingredients in their personal care products. Therefore, significant R&D investment is expected to reinforce the demand for mineral oils and thereby will likely to positively influence the global white oil market.
White Oil Market Segmentation
By Application
- Plastics & Polymers
- Personal Care & Cosmetics
- Pharmaceuticals
- Food Industry
- Others (Textile and Animal Feed)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
