The White Oil Market was valued at USD 2 Bn in 2021, at CAGR of 3.9% during the forecast period (2022-2030), and the Market is projected to be worth USD 2.82 Bn by 2030.
The highly purified mineral oil witnesses an augmented demand from multiple end-use industries such as cosmetics, plant spray oil, textile auxiliaries, aerosols, paper and ink industry, dye intermediates, specialty lubricants and plastics, perfumery, and others. Thus, the features like moisture-resistant properties, non-toxic nature along with favorable certifications by the authoritative bodies greatly contribute to the expanding market size.
White oil is referred to as the premium quality and highly refined mineral oil produced by the mixture of naphthenic molecules and paraffinic isoalkanes. The oil is used in multiple applications such as consumer products, food processing plants, and others. Typically, white oil is a colorless, odorless, and tasteless oil with excellent color stability and non-staining property. In several regions, this oil is known by multiple names like paraffin oil, liquid paraffin, paraffinum liquidum, and liquid petroleum. Furthermore, oil offers features such as oxidation, chemical, and light stability, which accelerates the high demand, especially in bulk drugs, agrochemicals, personal care products, and other applications.
White Oil Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Grade (Food, Pharmaceutical, Technical), By Application (Plastics & Polymers, Pharmaceuticals, Personal Care & Cosmetics, Food Industry, Textile), By Product Type (Light Paraffinic, Heavy Paraffinic, Naphthenic), and companies (Chevron USA Inc., China Petroleum & Chemical Corporation (Sinopec), Adinath Chemicals, Asian Oil Company, Castrol Limited, Eastman Chemical Company, Exxon Mobil Corporation, Lanxess, Savita Oil Technologies Limited, Sonneborn LLC, TOTAL ENERGIES, Lodha Petro, Nandan Petrochem Ltd., RENKERT OIL, Royal Dutch Shell Plc.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 3.9%, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||2.82 Billion|
|By Product Type||Light Paraffinic, Heavy Paraffinic, Naphthenic|
|By Application||Plastics & Polymers, Pharmaceuticals, Personal Care & Cosmetics, Food Industry, Textile|
|By Grade||Food, Pharmaceutical, Technical|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Chevron USA Inc., China Petroleum & Chemical Corporation (Sinopec), Adinath Chemicals, Asian Oil Company, Castrol Limited, Eastman Chemical Company, Exxon Mobil Corporation, Lanxess, Savita Oil Technologies Limited, Sonneborn LLC, TOTAL ENERGIES, Lodha Petro, Nandan Petrochem Ltd., RENKERT OIL, Royal Dutch Shell Plc.|
The COVID-19 pandemic has had a substantial negative influence on the White Oil market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Chevron USA Inc., China Petroleum & Chemical Corporation (Sinopec), Adinath Chemicals, Asian Oil Company, Castrol Limited, Eastman Chemical Company, Exxon Mobil Corporation, Lanxess, Savita Oil Technologies Limited, Sonneborn LLC, TOTAL ENERGIES, Lodha Petro, Nandan Petrochem Ltd., RENKERT OIL, Royal Dutch Shell Plc.
Market Segment Analysis:
- By Grade
By Product Type
- Heavy Paraffinic
- Light Paraffinic
- Personal Care and Cosmetics
- Food and Beverages
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of White Oil industries in the region.
Key White Oil Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global White Oil Market segments.
– Largest Market Share Held by Industry to Industry for White Oil
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the White Oil Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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