Mineral Oil Market size was valued at US$ 3.81 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 4% through 2023 to 2029, reaching nearly US$ 5.02 Bn.Mineral Oil Market Characteristics:
ExxonMobil's operating revenue in 2022 was approximately to be around 178.6 billion USD. ExxonMobil is a multinational oil and gas corporation headquartered in the United States that has continuously placed among the world's largest companies in terms of revenue. The total equity of ExxonMobil was US$ 157.15 Billion in 2022.To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2029 is based on real output, demand and supply of 2022, 2022 numbers are also estimated on real numbers published by key players as well all important players across the world. Market forecasting till 2029 is done based on past data from 2018 to 2022 with the impact of global lock down on the market in 2020 and 2021.
Mineral Oil Market Overview:
The oil is utilizing in the production of petroleum-based products such as Cosmetics & Personal Care, Food & Beverages, Electrical & Industrial, and Biomedicine. The mineral oil is also used in various mechanical and industrial processes. Mineral oils are used mainly as lubricant base oils to produce further refined oil products, including engine oils, automotive and transmission fluids, industrial gear oils, hydraulic fluids. The report covers the analysis of the current Mineral oil market size and share in terms of revenues. The report also presents a 7-year outlook based on compound annual growth rates (CAGR) for each type of mineral oil covered in scope and the industry as a whole. Further, a detailed analysis of the products is provided in the report. The report covers the changing market condition and adoption by how Mineral oil manufacturers through key industry insights. The companies covered in the report are ranked and identified according to their market share and performance. Moreover, company benchmarking (company to company comparison) and Product benchmarking (product-to-product comparison) are including in the study to present key competitive factors that are important for companies to outperform in challenging market conditions.Mineral Oil Market Dynamics:
Mineral oil is used in a wide range of industries, including automotive, textiles, construction, industrial, medical, pharmaceutical, electronics, and consumer goods, resulting in rising demand. Furthermore, favourable government policies assist in growing mineral oil demand in developing economies in Asia Pacific, Latin America, and the Middle East. The Food and Drug Administration (FDA) and the World Health Organization (WHO) have both approved the use of mineral oil in food products, and the food sector is rapidly growing around the world, generating potential in the mineral oil market. These are the key major factors that drives the growth of the global mineral oil market during the forecast period. The mineral oil market is hampered by price volatility in crude oil and the toxicity of unrefined mineral oil.Mineral Oil Market Segment Analysis:
The Global Mineral Oil Market is segmented by Application, and Product. Based on the Application, the market is segmented into Cosmetics & Personal Care, Food & Beverages, Electrical & Industrial, Bio Medicine, Mechanical, and Other Applications. Mechanical and Cosmetics & Personal Care segments are expected to hold the largest market share of xx% and xx% in 2029. The regional market's growth has been supported by companies' increased focus on developing new products in the cosmetic and personal care sectors. Mineral oil is found in a variety of products, including baby lotions, cold treatments, ointments, and cosmetics. It's a cheap, odourless, and tasteless oil that's easy to use. It can be used to prevent brittleness and breaking of eyelashes, and it can also be used to remove creme make-up and temporary tattoos in cold cream form. Mineral oil is listed on various lists of comedogenic substances, which is one of the most common concerns about its use. These are the key benefits that drives the growth of the Mechanical and Cosmetics & Personal Care segments in the global market during the forecast period. Based on the Products, the market is segmented into Paraffinic Oil, Naphthenic Oil, and Aromatic Oil. Paraffinic Oil segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Constipation is commonly treated using paraffin oil as a laxative. It helps in the treatment of dandruff and other scalp problems caused by dry skin. It is good for babies since it relieves diaper rashes, irritation, and itchy skin. These are the key benefits that drive the growth of the Paraffinic Oil segment in the global market during the forecast period.Regional Insights:
Asia Pacific dominates the Global Market during the forecast period 2023-2029. Asia Pacific is expected to hold the largest market shares of xx% by 2029. During the forecast period, the region is expected to grow at a CAGR of 4.7%. The rising demand for mineral oils in India and China is expected to continue to drive the market in the region. The need for food-grade lubricants is rapidly increasing, resulting in an increase in manufacturing. The rising demand for self-care products like baby oil and lotions are creating new growth opportunities in the region. Development in the infrastructure sector and rapid urbanization in developing countries such as China, India, and South Korea are driving the mineral oil market growth in the region. North America is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The high demand for cosmetic products and processed food are driving the market growth in North America. Besides, factors such as increasing production of crude oil and government favourable policies are fuelling the market growth during the forecast period. The U.S. is the leading consumer of mineral oil in the country. These are the key factor that drives the growth of the Asia Pacific region in the global market during the forecast period. Europe is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Growing demand for cosmetics and other personal care products is expected to drive the European market, particularly in countries like Germany, Italy, France, Spain, and the United Kingdom. This is due to an increase in customer demand in personal grooming. In addition, sun care products are in great demand in Europe, owing to growing worries about skin cancer and exposure to hazardous rays. The objective of the report is to present a comprehensive analysis of the Global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Global Mineral Oil Market dynamic, structure by analyzing the market segments and project the Global Mineral Oil Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Mineral Oil Market make the report investor’s guide.Mineral Oil Market Scope: Inquire before buying
Mineral Oil Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 3.81 Bn. Forecast Period 2023 to 2029 CAGR: 4% Market Size in 2029: US $ 5.02 Bn. Segments Covered: by Product Paraffinic Oil Naphthenic Oil Aromatic Oil by Application Cosmetics & Personal Care Food & Beverages Electrical & Industrial Bio Medicine Mechanical Other Application Mineral Oil Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Key Players
1. ExxonMobil 2. Savita 3. Unicorn Petroleum 4. Suncor Energy 5. Calumet Specialty Products Partners 6. Shell 7. Chevron 8. FUCHS 9. Lubline 10.SK 11. Zhonghai Nanlian 12. Asian Oil Company 13. Chevron Corporation 14. China Petroleum & Chemical Corporation 15. Eastern Petroleum Pvt Ltd 16. Panama Petrochem Ltd. 17. Renkert Oil, Inc. 18. Royal Dutch Shell plc 19. Sasol Limited 20. Sonneborn LLC 21. Total S.A. 22. British Petroleum 23. ChemCeed 24. Seojin Chemical 25. Petro-Canada 26. SINOPEC Frequently Asked Questions: 1. Which region has the largest share in Global Mineral Oil Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Mineral Oil Market? Ans: The Global Mineral Oil Market is growing at a CAGR of 4% during forecasting period 2023-2029. 3. What is scope of the Global Mineral Oil market report? Ans: Global Mineral Oil Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Mineral Oil market? Ans: The important key players in the Global Mineral Oil Market are – ExxonMobil, Savita, Unicorn Petroleum, Suncor Energy, Calumet Specialty Products Partners, Shell, Chevron, FUCHS, Lubline, SK, Zhonghai Nanlian, 5. What is the study period of this market? Ans: The Global Mineral Oil Market is studied from 2022 to 2029.
Mineral Oil Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Mineral Oil Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Mineral Oil Market Analysis and Forecast 6.1. Mineral Oil Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Mineral Oil Market Analysis and Forecast, By Application 7.1. Introduction and Definition 7.2. Key Findings 7.3. Mineral Oil Market Value Share Analysis, By Application 7.4. Mineral Oil Market Size (US$ Mn) Forecast, By Application 7.5. Mineral Oil Market Analysis, By Application 7.6. Mineral Oil Market Attractiveness Analysis, By Application 8. Mineral Oil Market Analysis and Forecast, By Product 8.1. Introduction and Definition 8.2. Key Findings 8.3. Mineral Oil Market Value Share Analysis, By Brake Used 8.4. Mineral Oil Market Size (US$ Mn) Forecast, By Brake Used 8.5. Mineral Oil Market Analysis, By Brake Used 8.6. Mineral Oil Market Attractiveness Analysis, By Brake Used 9. Mineral Oil Market Analysis, by Region 9.1. Mineral Oil Market Value Share Analysis, by Region 9.2. Mineral Oil Market Size (US$ Mn) Forecast, by Region 9.3. Mineral Oil Market Attractiveness Analysis, by Region 10. North America Mineral Oil Market Analysis 10.1. Key Findings 10.2. North America Mineral Oil Market Overview 10.3. North America Mineral Oil Market Value Share Analysis, By Application 10.4. North America Mineral Oil Market Forecast, By Application 10.4.1. Cosmetics & Personal Care 10.4.2. Food & Beverages 10.4.3. Electrical & Industrial 10.4.4. Bio Medicine 10.4.5. Mechanical 10.4.6. Other Applications 10.5. North America Mineral Oil Market Value Share Analysis, By Product 10.6. North America Mineral Oil Market Forecast, By Product 10.6.1. Paraffinic Oil 10.6.2. Naphthenic Oil 10.6.3. Aromatic Oil 10.7. North America Mineral Oil Market Value Share Analysis, by Country 10.8. North America Mineral Oil Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Mineral Oil Market Analysis, by Country 10.10. U.S. Mineral Oil Market Forecast, By Application 10.10.1. Cosmetics & Personal Care 10.10.2. Food & Beverages 10.10.3. Electrical & Industrial 10.10.4. Bio Medicine 10.10.5. Mechanical 10.10.6. Other Applications 10.11. U.S. Mineral Oil Market Forecast, By Product 10.11.1. Paraffinic Oil 10.11.2. Naphthenic Oil 10.11.3. Aromatic Oil 10.12. Canada Mineral Oil Market Forecast, By Application 10.12.1. Cosmetics & Personal Care 10.12.2. Food & Beverages 10.12.3. Electrical & Industrial 10.12.4. Bio Medicine 10.12.5. Mechanical 10.12.6. Other Applications 10.13. Canada Mineral Oil Market Forecast, By Product 10.13.1. Paraffinic Oil 10.13.2. Naphthenic Oil 10.13.3. Aromatic Oil 10.14. North America Mineral Oil Market Attractiveness Analysis 10.14.1. By Application 10.14.2. By Product 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Mineral Oil Market Analysis 11.1. Key Findings 11.2. Europe Mineral Oil Market Overview 11.3. Europe Mineral Oil Market Value Share Analysis, By Application 11.4. Europe Mineral Oil Market Forecast, By Application 11.4.1. Cosmetics & Personal Care 11.4.2. Food & Beverages 11.4.3. Electrical & Industrial 11.4.4. Bio Medicine 11.4.5. Mechanical 11.4.6. Other Applications 11.5. Europe Mineral Oil Market Forecast, By Product 11.5.1. Paraffinic Oil 11.5.2. Naphthenic Oil 11.5.3. Aromatic Oil 11.6. Europe Mineral Oil Market Value Share Analysis, by Country 11.7. Europe Mineral Oil Market Forecast, by Country 11.7.1. Germany 11.7.2. U.K. 11.7.3. France 11.7.4. Italy 11.7.5. Spain 11.7.6. Norway 11.7.7. Russia 11.7.8. Rest of Europe 11.8. Germany Mineral Oil Market Forecast, By Application 11.8.1. Cosmetics & Personal Care 11.8.2. Food & Beverages 11.8.3. Electrical & Industrial 11.8.4. Bio Medicine 11.8.5. Mechanical 11.8.6. Other Applications 11.9. Germany Mineral Oil Market Forecast, By Product 11.9.1. Paraffinic Oil 11.9.2. Naphthenic Oil 11.9.3. Aromatic Oil 11.10. U.K. Mineral Oil Market Forecast, By Application 11.10.1. Cosmetics & Personal Care 11.10.2. Food & Beverages 11.10.3. Electrical & Industrial 11.10.4. Bio Medicine 11.10.5. Mechanical 11.10.6. Other Applications 11.11. U.K. Mineral Oil Market Forecast, By Product 11.11.1. Paraffinic Oil 11.11.2. Naphthenic Oil 11.11.3. Aromatic Oil 11.12. France Mineral Oil Market Forecast, By Application 11.12.1. Cosmetics & Personal Care 11.12.2. Food & Beverages 11.12.3. Electrical & Industrial 11.12.4. Bio Medicine 11.12.5. Mechanical 11.12.6. Other Applications 11.13. France Mineral Oil Market Forecast, By Product 11.13.1. Paraffinic Oil 11.13.2. Naphthenic Oil 11.13.3. Aromatic Oil 11.14. Italy Mineral Oil Market Forecast, By Application 11.14.1. Cosmetics & Personal Care 11.14.2. Food & Beverages 11.14.3. Electrical & Industrial 11.14.4. Bio Medicine 11.14.5. Mechanical 11.14.6. Other Applications 11.15. Italy Mineral Oil Market Forecast, By Product 11.15.1. Paraffinic Oil 11.15.2. Naphthenic Oil 11.15.3. Aromatic Oil 11.16. Spain Mineral Oil Market Forecast, By Application 11.16.1. Cosmetics & Personal Care 11.16.2. Food & Beverages 11.16.3. Electrical & Industrial 11.16.4. Bio Medicine 11.16.5. Mechanical 11.16.6. Other Applications 11.17. Spain Mineral Oil Market Forecast, By Product 11.17.1. Paraffinic Oil 11.17.2. Naphthenic Oil 11.17.3. Aromatic Oil 11.18. NorwayMineral Oil Market Forecast, By Application 11.18.1. Cosmetics & Personal Care 11.18.2. Food & Beverages 11.18.3. Electrical & Industrial 11.18.4. Bio Medicine 11.18.5. Mechanical 11.18.6. Other Applications 11.19. NorwayMineral Oil Market Forecast, By Product 11.19.1. Paraffinic Oil 11.19.2. Naphthenic Oil 11.19.3. Aromatic Oil 11.20. RussiaMineral Oil Market Forecast, By Application 11.20.1. Cosmetics & Personal Care 11.20.2. Food & Beverages 11.20.3. Electrical & Industrial 11.20.4. Bio Medicine 11.20.5. Mechanical 11.20.6. Other Applications 11.21. RussiaMineral Oil Market Forecast, By Product 11.21.1. Paraffinic Oil 11.21.2. Naphthenic Oil 11.21.3. Aromatic Oil 11.22. Rest of Europe Mineral Oil Market Forecast, By Application 11.22.1. Cosmetics & Personal Care 11.22.2. Food & Beverages 11.22.3. Electrical & Industrial 11.22.4. Bio Medicine 11.22.5. Mechanical 11.22.6. Other Applications 11.23. Rest of Europe Mineral Oil Market Forecast, By Product 11.23.1. Paraffinic Oil 11.23.2. Naphthenic Oil 11.23.3. Aromatic Oil 11.24. Europe Mineral Oil Market Attractiveness Analysis 11.24.1. By Products 11.24.2. By Application 11.25. PEST Analysis 11.26. Key Trends 11.27. Key Developments 12. Asia Pacific Mineral Oil Market Analysis 12.1. Key Findings 12.2. Asia Pacific Mineral Oil Market Overview 12.3. Asia Pacific Mineral Oil Market Value Share Analysis, By Application 12.4. Asia Pacific Mineral Oil Market Forecast, By Application 12.4.1. Cosmetics & Personal Care 12.4.2. Food & Beverages 12.4.3. Electrical & Industrial 12.4.4. Bio Medicine 12.4.5. Mechanical 12.4.6. Other Applications 12.5. Asia Pacific Mineral Oil Market Value Share Analysis, By Application 12.6. Asia Pacific Mineral Oil Market Forecast, By Product 12.6.1. Paraffinic Oil 12.6.2. Naphthenic Oil 12.6.3. Aromatic Oil 12.7. Asia Pacific Mineral Oil Market Value Share Analysis, by Country 12.8. Asia Pacific Mineral Oil Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. South Korea 12.8.5. Australia 12.8.6. Malaysia 12.8.7. Indonesia 12.8.8. Rest of Asia Pacific 12.9. Asia Pacific Mineral Oil Market Analysis, by Country 12.10. China Mineral Oil Market Forecast, By Application 12.10.1. Cosmetics & Personal Care 12.10.2. Food & Beverages 12.10.3. Electrical & Industrial 12.10.4. Bio Medicine 12.10.5. Mechanical 12.10.6. Other Applications 12.11. China Mineral Oil Market Forecast, By Product 12.11.1. Paraffinic Oil 12.11.2. Naphthenic Oil 12.11.3. Aromatic Oil 12.12. India Mineral Oil Market Forecast, By Application 12.12.1. Cosmetics & Personal Care 12.12.2. Food & Beverages 12.12.3. Electrical & Industrial 12.12.4. Bio Medicine 12.12.5. Mechanical 12.12.6. Other Applications 12.13. India Mineral Oil Market Forecast, By Product 12.13.1. Paraffinic Oil 12.13.2. Naphthenic Oil 12.13.3. Aromatic Oil 12.14. Japan Mineral Oil Market Forecast, By Application 12.14.1. Cosmetics & Personal Care 12.14.2. Food & Beverages 12.14.3. Electrical & Industrial 12.14.4. Bio Medicine 12.14.5. Mechanical 12.14.6. Other Applications 12.15. Japan Mineral Oil Market Forecast, By Product 12.15.1. Paraffinic Oil 12.15.2. Naphthenic Oil 12.15.3. Aromatic Oil 12.16. South Korea Mineral Oil Market Forecast, By Application 12.16.1. Cosmetics & Personal Care 12.16.2. Food & Beverages 12.16.3. Electrical & Industrial 12.16.4. Bio Medicine 12.16.5. Mechanical 12.16.6. Other Applications 12.17. South KoreaMineral Oil Market Forecast, By Product 12.17.1. Paraffinic Oil 12.17.2. Naphthenic Oil 12.17.3. Aromatic Oil 12.18. Australia Mineral Oil Market Forecast, By Application 12.18.1. Cosmetics & Personal Care 12.18.2. Food & Beverages 12.18.3. Electrical & Industrial 12.18.4. Bio Medicine 12.18.5. Mechanical 12.18.6. Other Applications 12.19. AustraliaMineral Oil Market Forecast, By Product 12.19.1. Paraffinic Oil 12.19.2. Naphthenic Oil 12.19.3. Aromatic Oil 12.20. Malaysia Mineral Oil Market Forecast, By Application 12.20.1. Cosmetics & Personal Care 12.20.2. Food & Beverages 12.20.3. Electrical & Industrial 12.20.4. Bio Medicine 12.20.5. Mechanical 12.20.6. Other Applications 12.21. MalaysiaMineral Oil Market Forecast, By Product 12.21.1. Paraffinic Oil 12.21.2. Naphthenic Oil 12.21.3. Aromatic Oil 12.22. Indonesia Mineral Oil Market Forecast, By Application 12.22.1. Cosmetics & Personal Care 12.22.2. Food & Beverages 12.22.3. Electrical & Industrial 12.22.4. Bio Medicine 12.22.5. Mechanical 12.22.6. Other Applications 12.23. IndonesiaMineral Oil Market Forecast, By Product 12.23.1. Paraffinic Oil 12.23.2. Naphthenic Oil 12.23.3. Aromatic Oil 12.24. Rest of Asia Pacific Mineral Oil Market Forecast, By Application 12.24.1. Cosmetics & Personal Care 12.24.2. Food & Beverages 12.24.3. Electrical & Industrial 12.24.4. Bio Medicine 12.24.5. Mechanical 12.24.6. Other Applications 12.25. Rest of Asia Pacific Mineral Oil Market Forecast, By Product 12.25.1. Paraffinic Oil 12.25.2. Naphthenic Oil 12.25.3. Aromatic Oil 12.26. Asia Pacific Mineral Oil Market Attractiveness Analysis 12.26.1. By Application 12.26.2. By Product 12.27. PEST Analysis 12.28. Key Trends 12.29. Key Developments 13. Middle East & Africa Mineral Oil Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Mineral Oil Market Overview 13.3. Middle East & Africa Mineral Oil Market Value Share Analysis, By Application 13.4. Middle East & Africa Mineral Oil Market Forecast, By Application 13.4.1. Cosmetics & Personal Care 13.4.2. Food & Beverages 13.4.3. Electrical & Industrial 13.4.4. Bio Medicine 13.4.5. Mechanical 13.4.6. Other Applications 13.5. Middle East & Africa Mineral Oil Market Forecast, By Product 13.5.1. Paraffinic Oil 13.5.2. Naphthenic Oil 13.5.3. Aromatic Oil 13.6. Middle East & Africa Mineral Oil Market Value Share Analysis, by Country 13.7. Middle East & Africa Mineral Oil Market Forecast, by Country 13.7.1. GCC 13.7.2. South Africa 13.7.3. Rest of Middle East & Africa 13.8. Middle East & Africa Mineral Oil Market Analysis, by Country 13.9. GCC Mineral Oil Market Forecast, By Application 13.9.1. Cosmetics & Personal Care 13.9.2. Food & Beverages 13.9.3. Electrical & Industrial 13.9.4. Bio Medicine 13.9.5. Mechanical 13.9.6. Other Applications 13.10. GCC Mineral Oil Market Forecast, By Product 13.10.1. Paraffinic Oil 13.10.2. Naphthenic Oil 13.10.3. Aromatic Oil 13.11. Mineral Oil Market Forecast, By Application 13.11.1. Cosmetics & Personal Care 13.11.2. Food & Beverages 13.11.3. Electrical & Industrial 13.11.4. Bio Medicine 13.11.5. Mechanical 13.11.6. Other Applications 13.12. South Africa Mineral Oil Market Forecast, By Product 13.12.1. Paraffinic Oil 13.12.2. Naphthenic Oil 13.12.3. Aromatic Oil 13.13. Rest of Middle East & Africa Mineral Oil Market Forecast, By Application 13.13.1. Cosmetics & Personal Care 13.13.2. Food & Beverages 13.13.3. Electrical & Industrial 13.13.4. Bio Medicine 13.13.5. Mechanical 13.13.6. Other Applications 13.14. Rest of Middle East & Africa Mineral Oil Market Forecast, By Product 13.14.1. Paraffinic Oil 13.14.2. Naphthenic Oil 13.14.3. Aromatic Oil 13.15. Middle East & Africa Mineral Oil Market Attractiveness Analysis 13.15.1. By Application 13.15.2. By Product 13.16. PEST Analysis 13.17. Key Trends 13.18. Key Developments 14. South America Mineral Oil Market Analysis 14.1. Key Findings 14.2. South America Mineral Oil Market Overview 14.3. South America Mineral Oil Market Value Share Analysis, By Application 14.4. South America Mineral Oil Market Forecast, By Application 14.4.1. Cosmetics & Personal Care 14.4.2. Food & Beverages 14.4.3. Electrical & Industrial 14.4.4. Bio Medicine 14.4.5. Mechanical 14.4.6. Other Applications 14.5. South America Mineral Oil Market Forecast, By Product 14.5.1. Paraffinic Oil 14.5.2. Naphthenic Oil 14.5.3. Aromatic Oil 14.6. South America Mineral Oil Market Value Share Analysis, by Country 14.7. South America Mineral Oil Market Forecast, by Country 14.7.1. Brazil 14.7.2. Mexico 14.7.3. Argentina 14.7.4. Rest of South America 14.8. South America Mineral Oil Market Analysis, by Country 14.9. Brazil Mineral Oil Market Forecast, By Application 14.9.1. Cosmetics & Personal Care 14.9.2. Food & Beverages 14.9.3. Electrical & Industrial 14.9.4. Bio Medicine 14.9.5. Mechanical 14.9.6. Other Applications 14.10. Brazil Mineral Oil Market Forecast, By Product 14.10.1. Paraffinic Oil 14.10.2. Naphthenic Oil 14.10.3. Aromatic Oil 14.11. Mexico Mineral Oil Market Forecast, By Application 14.11.1. Cosmetics & Personal Care 14.11.2. Food & Beverages 14.11.3. Electrical & Industrial 14.11.4. Bio Medicine 14.11.5. Mechanical 14.11.6. Other Applications 14.12. Mexico Mineral Oil Market Forecast, By Product 14.12.1. Paraffinic Oil 14.12.2. Naphthenic Oil 14.12.3. Aromatic Oil 14.13. Argentina Mineral Oil Market Forecast, By Application 14.13.1. Cosmetics & Personal Care 14.13.2. Food & Beverages 14.13.3. Electrical & Industrial 14.13.4. Bio Medicine 14.13.5. Mechanical 14.13.6. Other Applications 14.14. ArgentinaMineral Oil Market Forecast, By Product 14.14.1. Paraffinic Oil 14.14.2. Naphthenic Oil 14.14.3. Aromatic Oil 14.15. Rest of South America Mineral Oil Market Forecast, By Application 14.15.1. Cosmetics & Personal Care 14.15.2. Food & Beverages 14.15.3. Electrical & Industrial 14.15.4. Bio Medicine 14.15.5. Mechanical 14.15.6. Other Applications 14.16. Rest of South America Mineral Oil Market Forecast, By Product 14.16.1. Paraffinic Oil 14.16.2. Naphthenic Oil 14.16.3. Aromatic Oil 14.17. South America Mineral Oil Market Attractiveness Analysis 14.17.1. By Application 14.17.2. By Product 14.18. PEST Analysis 14.19. Key Trends 14.20. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications, and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and BackwardIntegration 15.3. Company Profiles: Key Players 15.3.1. ExxonMobil 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. Savita 15.3.3. Unicorn Petroleum 15.3.4. Suncor Energy 15.3.5. Calumet Specialty Products Partners 15.3.6. Shell 15.3.7. Chevron 15.3.8. FUCHS 15.3.9. Lubline 15.3.10. SK 15.3.11. Zhonghai Nanlian 15.3.12. Asian Oil Company 15.3.13. Chevron Corporation 15.3.14. China Petroleum & Chemical Corporation 15.3.15. Eastern Petroleum Pvt Ltd 15.3.16. Panama Petrochem Ltd. 15.3.17. Renkert Oil, Inc. 15.3.18. Royal Dutch Shell plc, 15.3.19. Sasol Limited 15.3.20. Sonneborn LLC 15.3.21. Total S.A. 15.3.22. British Petroleum 15.3.23. ChemCeed 15.3.24. Seojin Chemical 15.3.25. Petro-Canada 15.3.26. SINOPEC 16. Primary Key Insights