North America White Oil Market Size, Share & Trends Analysis Report By Grade (Technical and Pharmaceutical), By Application (Cosmetics & Personal Care, Food, Pharmaceutical, Plastic & Polymer, Textile, and Others), By Country and Growth Forecast, 2024 - 2031
The North America White Oil Market would witness market growth of 4.0% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 175.76 kilo tonnes, showcasing a growth of 16.4% (2020-2023).
One of its primary uses is as a lubricant and anti-sticking agent in food machinery to ensure smooth operation and prevent adhesion of food products. Additionally, white oil is utilized as a release agent in baking pans and molds, facilitating easy removal of baked goods without sticking. Thus, the US market utilized 25.45 kilo tonnes of white oil in food application in 2023.
The US market dominated the North America White Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $368.2 Million by 2031. The Canada market is experiencing a CAGR of 4.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5% during (2024 - 2031).
White oil is a textile lubricant used in the textile industry. It aids in fiber processing, yarn spinning, and fabric weaving operations. Its lubricating properties reduce friction and static electricity during textile manufacturing, enhancing yarn cohesion, tensile strength, and weaving efficiency.
Additionally, White oil-based textile lubricants improve production throughput, reduce yarn breakage, and minimize fabric defects, resulting in higher-quality finished products and increased manufacturing productivity.
The growth of the cosmetics sector often entails continuous product innovation and formulation development to meet evolving consumer needs and preferences. To enhance product performance and efficacy, white oil may be used to develop new cosmetic formulations, such as serums, balms, and facial oils. Therefore, as cosmetic companies in Canada invest in R&D for new products, the demand for white oil in formulation development may rise.
Based on Grade, the market is segmented into Technical and Pharmaceutical. Based on Application, the market is segmented into Cosmetics & Personal Care, Food, Pharmaceutical, Plastic & Polymer, Textile, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Castrol Ltd. (BP P.L.C.)
- Sinopec Group (China Petrochemical Corporation)
- Eastman Chemical Company
- Exxon Mobil Corporation
- Lanxess AG
- Shell plc
- TotalEnergies SE
- Indian Oil Corporation Ltd.
- Sasol Limited
- Reliance Petrochem Industries (Pvt) Limited
By Grade (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Technical
- Pharmaceutical
- Cosmetics & Personal Care
- Food
- Pharmaceutical
- Plastic & Polymer
- Textile
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America White Oil Market, by Grade
- 1.4.2 North America White Oil Market, by Application
- 1.4.3 North America White Oil Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America White Oil Market by Grade
- 4.1 North America Technical Market by Country
- 4.2 North America Pharmaceutical Market by Country
- Chapter 5. North America White Oil Market by Application
- 5.1 North America Cosmetics & Personal Care Market by Country
- 5.2 North America Food Market by Country
- 5.3 North America Pharmaceutical Market by Country
- 5.4 North America Plastic & Polymer Market by Country
- 5.5 North America Textile Market by Country
- 5.6 North America Others Market by Country
- Chapter 6. North America White Oil Market by Country
- 6.1 US White Oil Market
- 6.1.1 US White Oil Market by Grade
- 6.1.2 US White Oil Market by Application
- 6.2 Canada White Oil Market
- 6.2.1 Canada White Oil Market by Grade
- 6.2.2 Canada White Oil Market by Application
- 6.3 Mexico White Oil Market
- 6.3.1 Mexico White Oil Market by Grade
- 6.3.2 Mexico White Oil Market by Application
- 6.4 Rest of North America White Oil Market
- 6.4.1 Rest of North America White Oil Market by Grade
- 6.4.2 Rest of North America White Oil Market by Application
- Chapter 7. Company Profiles
- 7.1 Castrol Ltd. (BP P.L.C.)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
- 7.2 Sinopec Group (China Petrochemical Corporation)
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Research & Development Expenses
- 7.2.4 Recent strategies and developments:
- 7.2.4.1 Partnerships, Collaborations, and Agreements:
- 7.2.5 SWOT Analysis
- 7.3 Eastman Chemical Company
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 SWOT Analysis
- 7.4 Exxon Mobil Corporation
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
- 7.5 Lanxess AG
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 SWOT Analysis
- 7.6 Shell plc
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 SWOT Analysis
- 7.7 TotalEnergies SE
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 SWOT Analysis
- 7.8 Indian Oil Corporation Ltd.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expenses
- 7.8.5 SWOT Analysis
- 7.9 Sasol Limited
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 SWOT Analysis
- 7.10. Reliance Petrochem Industries (Pvt) Limited
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
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