Global White Oil Market, By Application (Adhesives, Agriculture, Food, Pharmaceutical, Personal Care, Textile, Polymers, Others), Product (Light Paraffinic, Heavy Paraffinic, Naphthenic), Grade (65/75 (ISO VG 10/15), 50/60 (ISO VG 7), 200/215 (ISO VG 32/46), 80/90 (ISO VG 15), 340/365 (ISO VG 68), Viscosity (Low, Medium, High), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global White Oil Market
The white oil market is expected to be growing at a growth rate of 3.84% in the forecast period of 2021 to 2028. The white oil market report analyses the growth, which is currently being growing due to the rising demand for specialty petrochemicals and refined oil products.
White oil is a mineral lubricant that is utilized as a blending base for the pharmaceutical and cosmetic products. White oils are commonly recognized as a class of highly refined and versatile mineral oils and are generally produced from paraffinic or naphthenic base-stocks from the refineries. White oils have excellent storage life, and they also do not change color over time.
Major factors that are expected to boost the growth in the white oil market in the forecast period are the growing demand for the product applications like the personal care cream, lotions, and laxatives that has enhanced product utilization, the increase in the demand for specialty petrochemicals and refined oil products and the escalating personal care and pharmaceutical industry across the world. Furthermore, the growing demand from the cosmetic industry because of the strong moisture-resistant property of white oils and the white oils are also broadly used in the manufacturing of specialty adhesives and elastomers which are further anticipated to propel the growth of the white oil market. On the other hand, the instability of the oil prices are one of the factors further estimated to impede the growth of the white oil market in the near future.
This white oil market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the white oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
White Oil Market Scope and Market Size
The white oil market is segmented on the basis of application, product, grade and viscosity. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on the application, the white oil market is segmented into adhesives, agriculture, food, pharmaceutical, personal care, textile, polymers, others.
- Based on the product, the white oil market is segmented into light paraffinic, heavy paraffinic, naphthenic.
- Based on the grade, the white oil market is segmented into 65/75 (ISO VG 10/15), 50/60 (ISO VG 7), 200/215 (ISO VG 32/46), 80/90 (ISO VG 15), 340/365 (ISO VG 68.
- Based on the viscosity, the white oil market is segmented into low, medium, high.
White Oil Market Country Level Analysis
The white oil market is analysed and market size, volume information is provided by country, application, product, grade and viscosity as referenced above.
The countries covered in the white oil market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific dominates the white oil market because of the increasing demand for pharmaceutical and personal care products. Furthermore, the growing consumption of adhesives in the construction and automotive sector and the rising polymer demand from the household product manufacturers will further boost the growth of the white oil market in the region during the forecast period. North America is projected to observe significant amount of growth in the white oil market because of the product has high demands from the polymers and adhesive applications because of the swiftly developing household goods sector. Moreover, the great dependence of the regional population on the e-commerce for purchasing essentials which has led to a higher consumption of packaging products which is further anticipated to propel the growth of the white oil market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and White Oil Market Share Analysis
The white oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to white oil market.
The major players covered in the white oil market report are Calumet Specialty Products Partners, L.P., Chevron Corporation., Exxon Mobil Corporation., SEOJINCORP.CO.LTD., Royal Dutch Shell plc, FUCHS, H&R GROUP, savita.com, Panama Petrochem Ltd., Apar Industries, C.J. Robinson Co Inc, Morris Lubricants, Petroliam Nasional Berhad, Raj Petro Specialities Pvt. Ltd., Kerax Limited, Petro-Canada Lubricants Inc., LubLine, Sonneborn LLC., Sasol LimitedJX Nippon & Energy Exploration Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.