White Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global white oil market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2022-2028.
White oil refers to the highly refined mineral oil that is obtained as a by-product in the production of sulfonates. Also known as paraffinum perliquidum or liquid paraffin, it is formed when paraffinic or naphthenic base oils are treated with sulfuric acid. The process removes the natural oxidation inhibitors, nitrogen and sulfur impurities, and unsaturated, toxic, aromatic and color-forming compounds. White oil is colorless, odorless, stable, pure, non-toxic, and chemically inert in nature. It can also be produced from a wide variety of feedstocks, depending on processes such as the two-stage hydrotreating method.
White Oil Market Trends:
The global white oil market is primarily driven by its growing applications in various industries. In the medical and pharmaceutical industry, white oil is employed in the production of ointments, laxatives and as a carrier for curative drug formulations. In the food industry, the product is applied in egg, fruit and vegetable coatings, food-grade lubricants and greasers, and within food packing materials. White oil also plays an essential role in producing plastics and elastomers, polystyrene internal lubricants, PVC external lubricants, plastic annealing, and catalyst carriers. Furthermore, white oil offers lubricity, the ability to prevent moisture, and chemical inertness. Due to these properties, it is utilized in the cosmetics industry to manufacture topical skincare products, such as body lotions, petroleum jelly, moisturizers, cold creams, hair care products and baby oil. Besides this, manufacturers are extensively investing in research and development (R&D) activities to introduce cost-efficient products.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global white oil market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on application.
Breakup by Application:
Adhesive
Agriculture
Food
Pharmaceutical
Personal Care
Textile
Polymers
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bharat Petroleum Corporation Limited, Calumet Specialty Products Partners L.P., China Petroleum & Chemical Corporation, ExxonMobil Corporation, H&R GmbH & Co. KGaA, Nynas AB, Petro-Canada Lubricants Inc. (Hollyfrontier Corporation), Renkert Oil Inc., Royal Dutch Shell Plc, Sasol Limited, Savita Oil Technologies Limited and Total SE.
Key Questions Answered in This Report:
How has the global white oil market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global white oil market?
What are the key regional markets?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global white oil market and who are the key players?
What is the degree of competition in the industry?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global White Oil Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Application
- 6.1 Adhesive
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Agriculture
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Food
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Pharmaceutical
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Personal Care
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Textile
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Polymers
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Others
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
- 7 Market Breakup by Region
- 7.1 North America
- 7.1.1 United States
- 7.1.1.1 Market Trends
- 7.1.1.2 Market Forecast
- 7.1.2 Canada
- 7.1.2.1 Market Trends
- 7.1.2.2 Market Forecast
- 7.2 Asia-Pacific
- 7.2.1 China
- 7.2.1.1 Market Trends
- 7.2.1.2 Market Forecast
- 7.2.2 Japan
- 7.2.2.1 Market Trends
- 7.2.2.2 Market Forecast
- 7.2.3 India
- 7.2.3.1 Market Trends
- 7.2.3.2 Market Forecast
- 7.2.4 South Korea
- 7.2.4.1 Market Trends
- 7.2.4.2 Market Forecast
- 7.2.5 Australia
- 7.2.5.1 Market Trends
- 7.2.5.2 Market Forecast
- 7.2.6 Indonesia
- 7.2.6.1 Market Trends
- 7.2.6.2 Market Forecast
- 7.2.7 Others
- 7.2.7.1 Market Trends
- 7.2.7.2 Market Forecast
- 7.3 Europe
- 7.3.1 Germany
- 7.3.1.1 Market Trends
- 7.3.1.2 Market Forecast
- 7.3.2 France
- 7.3.2.1 Market Trends
- 7.3.2.2 Market Forecast
- 7.3.3 United Kingdom
- 7.3.3.1 Market Trends
- 7.3.3.2 Market Forecast
- 7.3.4 Italy
- 7.3.4.1 Market Trends
- 7.3.4.2 Market Forecast
- 7.3.5 Spain
- 7.3.5.1 Market Trends
- 7.3.5.2 Market Forecast
- 7.3.6 Russia
- 7.3.6.1 Market Trends
- 7.3.6.2 Market Forecast
- 7.3.7 Others
- 7.3.7.1 Market Trends
- 7.3.7.2 Market Forecast
- 7.4 Latin America
- 7.4.1 Brazil
- 7.4.1.1 Market Trends
- 7.4.1.2 Market Forecast
- 7.4.2 Mexico
- 7.4.2.1 Market Trends
- 7.4.2.2 Market Forecast
- 7.4.3 Others
- 7.4.3.1 Market Trends
- 7.4.3.2 Market Forecast
- 7.5 Middle East and Africa
- 7.5.1 Market Trends
- 7.5.2 Market Breakup by Country
- 7.5.3 Market Forecast
- 8 SWOT Analysis
- 8.1 Overview
- 8.2 Strengths
- 8.3 Weaknesses
- 8.4 Opportunities
- 8.5 Threats
- 9 Value Chain Analysis
- 10 Porters Five Forces Analysis
- 10.1 Overview
- 10.2 Bargaining Power of Buyers
- 10.3 Bargaining Power of Suppliers
- 10.4 Degree of Competition
- 10.5 Threat of New Entrants
- 10.6 Threat of Substitutes
- 11 Price Analysis
- 12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Key Players
- 12.3 Profiles of Key Players
- 12.3.1 Bharat Petroleum Corporation Limited
- 12.3.1.1 Company Overview
- 12.3.1.2 Product Portfolio
- 12.3.1.3 Financials
- 12.3.1.4 SWOT Analysis
- 12.3.2 Calumet Specialty Products Partners L.P.
- 12.3.2.1 Company Overview
- 12.3.2.2 Product Portfolio
- 12.3.2.3 Financials
- 12.3.2.4 SWOT Analysis
- 12.3.3 China Petroleum & Chemical Corporation
- 12.3.3.1 Company Overview
- 12.3.3.2 Product Portfolio
- 12.3.3.3 Financials
- 12.3.4 ExxonMobil Corporation
- 12.3.4.1 Company Overview
- 12.3.4.2 Product Portfolio
- 12.3.4.3 Financials
- 12.3.5 H&R GmbH & Co. KGaA
- 12.3.5.1 Company Overview
- 12.3.5.2 Product Portfolio
- 12.3.5.3 Financials
- 12.3.5.4 SWOT Analysis
- 12.3.6 Nynas AB
- 12.3.6.1 Company Overview
- 12.3.6.2 Product Portfolio
- 12.3.6.3 SWOT Analysis
- 12.3.7 Petro-Canada Lubricants Inc. (Hollyfrontier Corporation)
- 12.3.7.1 Company Overview
- 12.3.7.2 Product Portfolio
- 12.3.8 Renkert Oil Inc.
- 12.3.8.1 Company Overview
- 12.3.8.2 Product Portfolio
- 12.3.9 Royal Dutch Shell Plc
- 12.3.9.1 Company Overview
- 12.3.9.2 Product Portfolio
- 12.3.9.3 Financials
- 12.3.10 Sasol Limited
- 12.3.10.1 Company Overview
- 12.3.10.2 Product Portfolio
- 12.3.11 Savita Oil Technologies Limited
- 12.3.11.1 Company Overview
- 12.3.11.2 Product Portfolio
- 12.3.11.3 Financials
- 12.3.12 Total SE
- 12.3.12.1 Company Overview
- 12.3.12.2 Product Portfolio
- 12.3.12.3 Financials
- 12.3.12.4 SWOT Analysis
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