North America White Oil Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Grade (Food, Pharmaceutical, and Technical) and Application (Personal Care and Cosmetics, Pharmaceutical and Healthcare, Food Industries, Plastic Processing, Agriculture, and Others)
The white oil market in North America is expected to grow from US$ 427.47 million in 2022 to US$ 516.09 million by 2028. It is estimated to grow at a CAGR of 3.2% from 2022 to 2028.
Expansion of Pharmaceuticals Industry
In the pharmaceuticals industry, white oil is used as a spray and ointment carrier, a capsule adjuvant, and a release agent. The pharmaceutical market is one of the fastest-growing markets in the region. According to the Pharm approach, the US has the world’s largest pharmaceutical industry in terms of drug development, production, and revenue generation. According to Investopedia, the US leads the position in medical research and development in the global pharmaceutical industry. The pharmaceutical market has also grown without any interruption in recent years. The pharmaceutical companies are primarily involved in producing generics, therapeutic medicines, active pharmaceutical ingredients, and traditional medicines. Therefore, the robust growth of the pharmaceuticals industry in various countries creates the need for white oil in pharmaceutical formulations.
Market Overview
US, Canada, and Mexico are the key contributors to the white oil market in the North America. North America is one of the prominent markets for white oil due to its increasing application in various end-use industries across the region. The increasing emphasis on health and wellbeing and the willingness of customers in the region to pay more for high-end products will help increase the rate at which consumers adopt pharmaceuticals, food, personal care, and cosmetics products. Due to favorable regulatory compliance and ongoing product advancements, notably in the healthcare sector, the region will experience significant growth. Additionally, the region's rising polymer and adhesive usage will open up lucrative opportunities for the North America white oil market in the forecast period. The North America white oil market is witnessing high growth due to the presence of leading companies, including ExxonMobil Fuels & Lubricants, Sonneborn, and Chevron Corporation. The increasing demand for protective diluents, moisturizers, emollients, hair care, and baby care products is projected to propel the North America market in the years to come. The rise in spending on personal care and cosmetic products will create new avenues for market growth in the region. White oil can be used to ease diaper rash and eczema irritation. According to the National Eczema Association, 31.6 million people in the US (10.1%) have eczema. Eczema is a chronic skin problem in which the skin becomes dry, discolored, itchy, and inflamed. White oil can be administered to the affected area to reduce eczema symptoms. These factors are boosting the North America white oil market in North American countries.
North America White oil market Revenue and Forecast to 2028 (US$ Million)
North America White oil market Segmentation
The North America white oil market is segmented into grade, application, and country.
Based on grade, the market is segmented into food, pharmaceutical, and technical. The pharmaceutical segment registered the largest market share in 2022. Based on application, the market is segmented into personal care and cosmetics, pharmaceutical and healthcare, food industries, plastic processing, agriculture, and others. The personal care and cosmetics segment held a largest market share in 2022. Based on country, the market is segmented into U.S, Canada, and Mexico. U.S dominated the market share in 2022. Calumet Specialty Product Partners, Chevron Corporation; EXXON Mobil Corporation; Petro-Canada Lubricants Inc; RENKERT OIL; APAR; Sasol; Sonneborn LLC; and H AND R GROUP are the leading companies operating in the white oil market in the North America.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America white oil market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America white oil market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the white oil market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
- 1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
- 1.2.1 North America White Oil Market, by Grade
- 1.2.2 North America White Oil Market, by Application
- 1.2.3 North America White Oil Market, by Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Scope of the Study
- 3.1.1 White Oil Market, by Grade, and Application
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:
- 4. North America White Oil Market Landscape
- 4.1 Market Overview
- 4.2 Porter’s Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Suppliers:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
- 4.3 Ecosystem Analysis
- 4.3.1 Overview:
- 4.3.2 Raw Material Suppliers:
- 4.3.3 Manufacturers
- 4.3.4 Distributors
- 4.3.5 End-User
- 4.4 Expert Opinion
- 5. North America White Oil Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growth of Cosmetics and Personal Care Industry
- 5.1.2 Expansion of Pharmaceuticals Industry
- 5.2 Market Restraints
- 5.2.1 Fluctuating Prices of Crude Oil
- 5.3 Market Opportunities
- 5.3.1 Elevating Demand as Adhesive in Food Packaging
- 5.4 Future Trends
- 5.4.1 Extensive Industrialization in Emerging Economies
- 5.5 Impact Analysis of Drivers and Restraints
- 6. White Oil – North America Market Analysis
- 6.1 White Oil Market –Revenue and Forecast to 2028 (US$ Mn)
- 6.2 White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
- 7. North America White Oil Market Analysis – By Grade
- 7.1 Overview
- 7.2 White Oil Market, By Grade (2021 and 2028)
- 7.3 Food
- 7.3.1 Overview
- 7.3.2 Food: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
- 7.3.3 Food: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
- 7.4 Pharmaceutical
- 7.4.1 Overview
- 7.4.2 Pharmaceutical: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
- 7.4.3 Pharmaceutical: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
- 7.5 Technical
- 7.5.1 Overview
- 7.5.2 Technical: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
- 7.5.3 Technical: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
- 8. North America White Oil Market Analysis – By Application
- 8.1 Overview
- 8.2 White Oil Market, By Application (2021 and 2028)
- 8.3 Personal Care & Cosmetics
- 8.3.1 Overview
- 8.3.2 Personal Care & Cosmetics: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.4 Pharmaceutical & Health Care
- 8.4.1 Overview
- 8.4.2 Pharmaceutical & Health Care: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.5 Food Industries
- 8.5.1 Overview
- 8.5.2 Food Industries: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.6 Plastic Processing
- 8.6.1 Overview
- 8.6.2 Plastic Processing: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.7 Agriculture
- 8.7.1 Overview
- 8.7.2 Agriculture: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
- 9. North America White Oil Market – Country Analysis
- 9.1 North America: White Oil Market
- 9.1.1 North America: White Oil Market, by Key Country
- 9.1.2 North America: White Oil Market, by Key Country
- 9.1.2.1 US: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
- 9.1.2.1.1 US: White Oil Market, by Grade
- 9.1.2.1.2 US: White Oil Market, by Application
- 9.1.2.2 Canada: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
- 9.1.2.2.1 Canada: White Oil Market, by Grade
- 9.1.2.2.2 Canada: White Oil Market, by Application
- 9.1.2.3 Mexico: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
- 9.1.2.3.1 Mexico: White Oil Market, by Grade
- 9.1.2.3.2 Mexico: White Oil Market, by Application
- 10. Industry Landscape
- 10.1 Overview
- 10.2 Expansion & Collaboration
- 11. Company Profiles
- 11.1 Calumet Specialty Products Partners, L.P.
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Chevron Corporation
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 EXXON MOBIL CORPORATION
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Petro-Canada Lubricants Inc.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 RENKERT OIL
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 APAR
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Sasol
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Sonneborn LLC
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 H AND R GROUP
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
- LIST OF TABLES
- Table 1. North America White Oil Market –Revenue and Forecast to 2028 (US$ Mn)
- Table 2. North America White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
- Table 3. US White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
- Table 4. US White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
- Table 5. US White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
- Table 6. Canada White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Canada White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
- Table 8. Canada White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
- Table 9. Mexico White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
- Table 10. Mexico White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
- Table 11. Mexico White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
- Table 12. Glossary of Terms, Global White Oil Market
- LIST OF FIGURES
- Figure 1. North America White Oil Market Segmentation
- Figure 2. North America White Oil Market Segmentation, By Country
- Figure 3. North America White Oil Market Overview
- Figure 4. North America White Oil Market, By Application
- Figure 5. North America White Oil Market, by Country
- Figure 7. North America Porter’s Five Forces Analysis of White Oil Market
- Figure 8. North America White Oil Market, Ecosystem
- Figure 9. Expert Opinion
- Figure 10. North America White Oil Market Impact Analysis of Drivers and Restraints
- Figure 11. North America White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
- Figure 12. North America White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
- Figure 13. North America White Oil Market Revenue Share, By Grade (2021 and 2028)
- Figure 14. North America Food: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 15. Food: White Oil Market –Volume and Forecast To 2028 (Kilo Tons)
- Figure 16. North America Pharmaceutical: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 17. North America Pharmaceutical: White Oil Market –Volume and Forecast To 2028 (Kilo Tons)
- Figure 18. North America Technical: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 19. North America Technical: White Oil Market –Volume and Forecast To 2028 (Kilo Tons)
- Figure 20. North America White Oil Market Revenue Share, By Application (2021 and 2028)
- Figure 21. North America Personal Care & Cosmetics: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 22. North America Pharmaceutical & Health Care: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 23. North America Food Industries: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 24. North America Plastic Processing: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 25. North America Agriculture: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 26. North America Others: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 27. North America: White Oil Market Revenue Share, by Key Country (2021 and 2028)
- Figure 28. North America: White Oil Market Revenue Share, by Key Country (2021 and 2028)
- Figure 29. US: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 30. US: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
- Figure 31. Canada: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 32. Canada: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
- Figure 33. Mexico: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 34. Mexico: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
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