Global Mineral Oil Market Outlook & Forecast 2022-2027: Growing Demand from the Pharmaceutical Industry & Increasing Demand for White Oil - ResearchAndMarkets.com
The global mineral oil market to grow at a CAGR of 3.9% during 2021-2027.
- The global mineral oil market to grow at a CAGR of 3.9% during 2021-2027.
- The personal care industry is the fastest growing segment projected at a CAGR of 4.25% during the forecast period.
- Mineral oil is used in the pharmaceutical industry for specific formulations such as bulk drugs, lotions, ointments, laxatives, etc.
- Growth in the personal care industry in Europe and North America provides an opportunity to increase the consumption of white mineral oil.