Lucintel's latest market report analyzed that mineral-based lubricating oil provides attractive opportunities in the cosmetic and personal care, food and beverage, electrical and industrial, agriculture, textile, polymer, biomedicine, and mechanical markets. The mineral-based lubricating oil market is expected to reach $4.5 billion by 2028 with a CAGR of 4%. In this market, white oil is the largest segment by grade, whereas Cosmetics and personal care is largest by application.
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Based on grade, the
mineral-based lubricating oil market is segmented into technical oil and white
oil. The white oil segment accounted for the largest share of the market in
2023 and is expected to register the highest CAGR during the forecast period,
due to its increasing application in food, feed stock, pharmaceutical, and
cosmetic industries.
Browse in-depth TOC on
“Mineral-Based Lubricating Oil Market”
100 – Figures/Tables
150 – Pages
The Mineral-Based
Lubricating Oil Market is marked by the presence of several big and small
players. Some of the prominent players offering mineral-based lubricating oil
include ChemCeed, RENKERT OIL, SEOJIN CHEMICAL, Sonneborn, Shell Plc, Suncor
Energy, Exxon Mobil Corporation, SINOPEC, Sasol, and BP p.l.c..
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This unique research report will enable you
to make confident business decisions in this globally competitive marketplace. For
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this link helpdesk@lucintel.com.
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Lucintel,
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winning strategies for growth. It offers market assessments, competitive
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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