Reports

White Oil Market

Global White Oil Market: By Grade: Industrial Grade, Pharmaceutical Grade; By Product Type: Light Paraffinic, Heavy Paraffinic, Naphthenic; By Application: Personal Care and Cosmetic, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global White Oil Market Outlook

The global white oil industry reached a value of USD 1.37 billion in 2020. The industry is further expected to grow at a CAGR of 3% in the forecast period of 2023-2028.

 

Global White Oil Market

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Asia Pacific to Dominate the Global White Oil Market

Asia Pacific region is both the most important and fastest growing marketplace for white oil. China is one of the largest consumers of white oil within the Asia-Pacific region. China is becoming the most important marketplace for cosmetics and skincare products, globally. In India, the most important application of white oils within the country is that the hairdressing, which may be a part of the cosmetics and private care industry. The general cosmetics and pharmaceutical industries account for around three-fourths of the white oil consumption within the country. Japan is that the world's third-largest cosmetics market. Although Japanese demographics are shrinking, an upturn in consumer confidence and therefore the demand from incoming tourists are driving the expansion of the cosmetics market. Moreover, with the growing demand for Japan-made cosmetics from Asian consumers, manufacturers are investing in cosmetics production within the country. due to the increasing demand for textiles, plastics polymers, cosmetics, pharmaceuticals, and adhesives, the demand for white oils is probably going to extend during the forecast period.

 

White Oil: Industry Definition and Segments

White oils are highly refined oils made up of paraffinic or naphthenic base stocks. They are colourless, odourless mineral, or synthetic oils that are utilized in a spread of applications. White oils are chemically and biologically stable, and it doesn't allow pathogenic bacterial growth which makes it a typical staple in numerous industry verticals.

 

Global White Oil Market By Application

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White oil on the basis of grade, can be divided as follows:

  • Industrial Grade
  • Pharmaceutical Grade

On the basis of product type, white oil can be segmented into:

  • Light Paraffinic
  • Heavy Paraffinic
  • Naphthenic

White oil on the basis of application, can be classified into the following:

  • Personal Care and Cosmetic
  • Pharmaceutical
  • Adhesive
  • Textile
  • Polymers
  • Agriculture
  • Food and Beverage
  • Others

The regional markets for white oil can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global White Oil Market By Region

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Personal Care and Cosmetic Industry Boosting the Global White Oil Market

White oils are used as a base oil during a sort of products, like hair oils, hair creams, makeup products, facial creams, and body lotions. Rising demand for personal care products, coupled with the expanding personal care and pharmaceutical industry around the globe, has led to rise in demand for white oils. This rising demand is further anticipated to increase due to expansion of the personal care product segment, and the pharmaceutical industry. Rising demand from the cosmetic industry thanks to strong moisture-resistant property of white oils is probably going to further propel the market during the forecast period. In the pharmaceutical industry, it is utilized in the manufacturing of ointments, emollients, eye lubricants, and within the penicillin production process. Demand for specialty petrochemicals and refined oil products is rising speedily in numerous industrial segments.

White oils are employed to supply smoothness, lubrication, and softness in many chemical processes and formulations thanks to their excellent water-resistant property. White oils also are widely utilized within the manufacturing of specialty adhesives and elastomers thanks to their water and moisture-resistant properties, which also are estimated to fuel the expansion of the global white oil market during the forecast period. White oils are certified safe for their application in food and dietary products ascribed by the recent halal and the kosher certification to white oil, which has ensued in its increasing demand around the globe.

 

Key Industry Players in the Global White Oil Market

The report gives a detailed analysis of the following key players in the white oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Exxon Mobil Corporation 
  • Royal Dutch Shell plc. 
  • Bharat Petroleum Corporation Limited
  • Sonneborn LLC
  • Sasol LTD
  • Petro-Canada Lubricants
  • Panama Petrochem Ltd.
  • Apar Industries Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Grade, Product Type, Application, Region
Breakup by Grade Industrial Grade, Pharmaceutical Grade
Breakup by Product Type Light Paraffinic, Heavy Paraffinic, Naphthenic
Breakup by Application Personal Care and Cosmetic, Pharmaceutical, Adhesive, Textile, Polymers, Agriculture, Food and Beverage, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends-Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Exxon Mobil Corporation, Royal Dutch Shell Plc, Bharat Petroleum Corporation Limited, Sonneborn LLC, Sasol LTD, Petro-Canada Lubricants Inc., Panama Petrochem Ltd., Apar Industries Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global White Oil Market Analysis
    8.1    Key Industry Highlights
    8.2    Global White Oil Historical Market (2018-2022) 
    8.3    Global White Oil Market Forecast (2023-2028)
    8.4    Global White Oil Market by Grade
        8.4.1    Industrial Grade
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Pharmaceutical Grade
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global White Oil Market by Product Type
        8.5.1    Light Paraffinic
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Heavy Paraffinic
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Naphthenic
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global White Oil Market by Application
        8.6.1    Personal Care and Cosmetic
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Pharmaceutical
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Adhesive
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Textile
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Polymers
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    Agriculture
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2022)
            8.6.6.3    Forecast Trend (2023-2028)
        8.6.7    Food and Beverage
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2018-2022)
            8.6.7.3    Forecast Trend (2023-2028)
        8.6.8    Others
    8.7    Global White Oil Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
    12.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    12.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    12.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    12.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    12.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Exxon Mobil Corporation
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Royal Dutch Shell Plc
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Bharat Petroleum Corporation Limited
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Sonneborn LLC
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Sasol LTD
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Petro-Canada Lubricants Inc.
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Panama Petrochem Ltd.
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Apar Industries Ltd.
            13.2.8.1    Company Overview
            13.2.8.2    Product Portfolio
            13.2.8.3    Demographic Reach and Achievements
            13.2.8.4    Certifications
        13.2.9    Others
14    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global White Oil Market: Key Industry Highlights, 2018 and 2028
2.    Global White Oil Historical Market: Breakup by Grade (USD Million), 2018-2022
3.    Global White Oil Market Forecast: Breakup by Grade (USD Million), 2023-2028
4.    Global White Oil Historical Market: Breakup by Product Type (USD Million), 2018-2022
5.    Global White Oil Market Forecast: Breakup by Product Type (USD Million), 2023-2028
6.    Global White Oil Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global White Oil Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Global White Oil Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global White Oil Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America White Oil Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America White Oil Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe White Oil Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe White Oil Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific White Oil Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific White Oil Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America White Oil Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America White Oil Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa White Oil Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa White Oil Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    North America Historical Price Trends and Forecast 2018-2028
21.    Europe Historical Price Trends and Forecast 2018-2028
22.    Asia Pacific Historical Price Trends and Forecast 2018-2028
23.    Latin America Historical Price Trends and Forecast 2018-2028
24.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
25.    Global White Oil Market Structure

Key Questions Answered in the Report

What was the global white oil market size in 2020?

In 2020, the global white oil market attained a value of nearly USD 1.37 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 3% between 2023 and 2028.

What are the major industry drivers?

The major drivers of the market include the rising demand from the cosmetic industry, manufacturing of specialty adhesives and elastomers, increasing application in food and dietary products, and the increasing demand for textiles and plastics polymers.

What are the key industry trends of the global white oil market?

Rising demand for personal care products and the expanding pharmaceutical industry are the key industry trends propelling the market's growth.

What are the major regional markets of white oil, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Based on grade, what is the market division?

Based on grade, the market can be divided into industrial grade and pharmaceutical grade.

On the basis of product type, what is the market segmentation?

On the basis of product type, white oil can be segmented into light paraffinic, heavy paraffinic and, naphthenic.

What are the major applications of the market?

The white oil market can be broadly categorised based on its applications into personal care and cosmetic, pharmaceutical, adhesive, textile, polymers, agriculture, food and beverage, among others.

Who are the key industry players, according to the report?

The major players in the industry are Exxon Mobil Corporation, Royal Dutch Shell Plc, Bharat Petroleum Corporation Limited, Sonneborn LLC, Sasol LTD, Petro-Canada Lubricants Inc., Panama Petrochem Ltd., and Apar Industries Ltd., among others.

Analyst Review

The global white oil market attained a value of nearly USD 1.37 billion in 2020, driven by the rising demand for personal care products. Aided by the expanding pharmaceutical industry and the increasing application in food and dietary products, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 3%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on grade, the market can be divided into industrial grade and pharmaceutical grade. On the basis of product type, white oil can be segmented into light paraffinic, heavy paraffinic, and naphthenic. The white oil market can be broadly categorised based on its applications into personal care and cosmetic, pharmaceutical, adhesive, textile, polymers, agriculture, and food and beverage, among others. The major regional markets for the white oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Exxon Mobil Corporation, Royal Dutch Shell Plc, Bharat Petroleum Corporation Limited, Sonneborn LLC, Sasol LTD, Petro-Canada Lubricants Inc., Panama Petrochem Ltd., and Apar Industries Ltd., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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