Light liquid paraffin oil is highly purified mixture of liquid saturated hydrocarbons obtained from petroleum and is highly paraffinic in nature. Light Liquid Paraffin oil is transparent, & free from fluorescence in daylight. It is colorless, tasteless, and odorless when cold. Light liquid paraffin oil highly refined hydro-treated oil has excellent thermal & chemical stability, having high flash point & is soluble in Chloroform & solvent Ether. It is colorless, tasteless, and odorless when cold. Light liquid paraffin oil IP highly refined hydro-treated oil has excellent thermal & chemical stability, having high flash point & is soluble in Chloroform & solvent Ether.
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Light Liquid Paraffin Oil is an inert colorless odorless fluid suitable for use as a mound releasing agent, in manufacture of antistatic oils, Petroleum Jellies and Aggravates, as insulant, as a defrosting agent in vinegars, etc. Its multiplicity of end uses makes it a product of versatile usage. Light liquid paraffin Oils are extensively used as bases for pharmaceuticals and personal care products. The inertness of the product offers properties such as good lubricity, smoothness and softness and resistance to moisture in the formulations. In various industries as under: Food Industry, Agriculture, Cosmetics, Chemical Industry, Pharmaceuticals, and Various Other Industry etc.
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Reasons of Growth in Liquid Paraffin Oil Industry
- The Liquid Paraffin market is projected to grow at a rate of 1.2% by 2026, to reach USD 2.30 billion in 2026 from USD 2.09 billion in 2018. The global cosmetic industry grew at an estimate of 4% in 2016. The Skincare products market accounted to approximately 36% of the total global cosmetics market in 2016. Skincare being the most lucrative segment is subject to increasing demand primarily in low temperature markets like North America and Europe. However, Increasing awareness, economic developments and increasing population are implying increase in demand for skincare products in regions like Asia Pacific and MEA.
- The Global Skincare products market is projected to generate approximately 21.1 Billion USD by 2020 and is anticipated to be lucrative product segment in the cosmetics industry over the forecast period. The Asia Pacific mass beauty market is expected to grow nearly to 14.9 Billion USD by 2022. The rise in cosmetics industry directly implies a rise in consumption of Liquid Paraffin. Liquid Paraffin is used in various cosmetics products like lipsticks, eye liners etc. The cosmetic market in MEA was 16.36 Billion USD with a CAGR of 6.43% from 2012 to 2016. This market is estimated to reach 25.1 Billion USD by 2022 with a CAGR of 7.57%.
- The Per capita income of USA has shown a considerable increase from USD 51,404 in 2012 to USD 59.501 in 2017 and is expected to witness a further rise to USD 70,165 by 2022. This implies an equivalent rise in the disposable income of the population in USA. The increasing disposable along with rising awareness about cosmetic product indicate a potential demand for liquid paraffin over the forecast period.
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Conclusion
“Light Liquid Paraffin Oil – Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue” is the project report by NPCS. The report covers all the major aspects of a business such as cover all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.
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