Market Overview:
The Global Food Grade Penetrating Oil Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for food grade penetrating oil in commercial and industrial areas across the globe. In terms of type, the 200 °C class segment is projected to lead the market during the forecast period, owing to its properties such as high thermal stability and low volatility. By application, commercial area is projected to lead the market during 2018-2030 due its growing demand from end-use industries such as food & beverage, pharmaceuticals, and cosmetics.
Product Definition:
Food grade penetrating oil is a type of oil that is specifically designed for use with food. It is used to lubricate and protect food from corrosion and oxidation. Penetrating oils can also help to reduce the likelihood of bacteria growth on food surfaces.
200 °C Class:
200 °C class is a type of hot oil cooking which means the temperature of the cooking medium is higher than 200 degrees Celsius and lower than 300 degrees Celsius. The 200-300 degree range oil is commonly used in deep fat frying, making breaded food items like chicken and fish crustaceans, breading for meat products such as beef or pork.
250 °C Class:
250 °C class is the temperature range where vegetable oils and fats are completely solidified. It's also used in food processing to preserve fruits, vegetables, meat & seafood products by preventing their natural decomposition. 250 °C is considered as the best temperature for long-term storage of perishable foods and beverages.
Application Insights:
The other application segment covers the non-food grade applications of PEI, such as in cosmetics and pharmaceuticals. The penetration of PEI in these industries is relatively low as compared to food industry. However, increasing demand for cosmetic products with enhanced properties is expected to drive the demand for industrial grade PEIs over the forecast period.
The penetration of PEIs in commercial areas was around 40% in 2017 and this trend is anticipated to continue over the forecast period. Commercial areas include hotels, hospitals and restaurants among others where cleanliness & hygiene are important aspects considered before making any investment or consuming any service provided by a establishment.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to high product demand from various end-use industries such as construction, automotive and marine. High penetration of penetrating oil in North American construction industry can be attributed to increasing number of renovation projects and new constructions across U.S., which will drive product demand further.
Asia Pacific is projected to expand at the highest CAGR during the forecast period due to rapid industrialization coupled with infrastructure development activities in emerging economies such as China.
Growth Factors:
- Increasing demand for food grade penetrating oil from the food and beverage industry as a result of its ability to reduce friction and improve performance.
- Rising popularity of penetrating oils as a versatile tool in automotive, industrial, and household applications.
- Growing research and development investments for new product innovations in the penetrating oil market.
- Increasing number of mergers and acquisitions among key players to consolidate their positions in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade Penetrating Oil Market Research Report
By Type
200 °C Class, 250 °C Class, 300 °C Class, 400 °C Class
By Application
Commercial Area, Industries Area, Other
By Companies
WEG Motors, TECO, Siemens, ABB, Regal Beloit, Tatung Electric, Wolong Electric, Nidec, VEM, ATB, Havells
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade Penetrating Oil Market Report Segments:
The global Food Grade Penetrating Oil market is segmented on the basis of:
Types
200 °C Class, 250 °C Class, 300 °C Class, 400 °C Class
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Area, Industries Area, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WEG Motors
- TECO
- Siemens
- ABB
- Regal Beloit
- Tatung Electric
- Wolong Electric
- Nidec
- VEM
- ATB
- Havells
Highlights of The Food Grade Penetrating Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 200 °C Class
- 250 °C Class
- 300 °C Class
- 400 °C Class
- By Application:
- Commercial Area
- Industries Area
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Grade Penetrating Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food grade penetrating oil is a type of oil that is used to penetrate the surface of food. It can be used to help remove food particles from surfaces, and it can also be used as a lubricant.
Some of the major companies in the food grade penetrating oil market are WEG Motors, TECO, Siemens, ABB, Regal Beloit, Tatung Electric, Wolong Electric, Nidec, VEM, ATB, Havells.
The food grade penetrating oil market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Grade Penetrating Oil Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Food Grade Penetrating Oil Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Food Grade Penetrating Oil Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Food Grade Penetrating Oil Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Food Grade Penetrating Oil Market Size & Forecast, 2020-2028 4.5.1 Food Grade Penetrating Oil Market Size and Y-o-Y Growth 4.5.2 Food Grade Penetrating Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 200 °C Class
5.2.2 250 °C Class
5.2.3 300 °C Class
5.2.4 400 °C Class
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Area
6.2.2 Industries Area
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Grade Penetrating Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Grade Penetrating Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 200 °C Class
9.6.2 250 °C Class
9.6.3 300 °C Class
9.6.4 400 °C Class
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Area
9.10.2 Industries Area
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 200 °C Class
10.6.2 250 °C Class
10.6.3 300 °C Class
10.6.4 400 °C Class
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Area
10.10.2 Industries Area
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 200 °C Class
11.6.2 250 °C Class
11.6.3 300 °C Class
11.6.4 400 °C Class
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Area
11.10.2 Industries Area
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 200 °C Class
12.6.2 250 °C Class
12.6.3 300 °C Class
12.6.4 400 °C Class
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Area
12.10.2 Industries Area
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 200 °C Class
13.6.2 250 °C Class
13.6.3 300 °C Class
13.6.4 400 °C Class
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Area
13.10.2 Industries Area
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Grade Penetrating Oil Market: Competitive Dashboard
14.2 Global Food Grade Penetrating Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WEG Motors
14.3.2 TECO
14.3.3 Siemens
14.3.4 ABB
14.3.5 Regal Beloit
14.3.6 Tatung Electric
14.3.7 Wolong Electric
14.3.8 Nidec
14.3.9 VEM
14.3.10 ATB
14.3.11 Havells