White Oil Market Report, Global Size, Growth, Opportunity and Forecast 2022-2027

According to the latest report by IMARC Group, titled “White Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the white oil market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Year considered to estimate the market size:

• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027

The global white oil market size reached US$ 2.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2027, exhibiting a growth rate (CAGR) of 3.26% during 2022-2027. 

Market Outlook: 

White oil represents a highly refined mineral oil derived from the production of sulfonates as a by-product. It is typically formed upon treating paraffinic or naphthenic base oils with sulfuric acid. This removes the natural oxidation inhibitors, toxic, unsaturated, aromatic, and color-forming compounds, nitrogen and sulfur impurities, etc. White oil is colorless, odorless, pure, non-toxic, stable, and chemically inert in nature. Owing to this, this oil finds extensive applications across several industries, including agriculture, food, pharmaceutical, personal care, textile, etc.

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Market Trends and Growth Drivers: 

The growing applications of white oil across diverse industrial verticals are primarily driving the global market. For instance, white oil is being increasingly used to produce laxatives and ointments and as a carrier for curative drug formulations in the medical and pharmaceutical industries. Apart from this, it is also gaining traction in the food industry for producing egg, fruit, and vegetable coatings, food packing materials, food-grade lubricants and greasers, etc.

Additionally, due to white oil’s excellent lubricity, ability to prevent moisture, chemical inertness, etc., it is used as an essential ingredient in the cosmetics industry for manufacturing topical skincare products, such as body lotions, creams, etc. Besides this, the escalating product utilization in the manufacturing of plastics and elastomers, PVC external lubricants, polystyrene internal lubricants, etc., will further continue to positively impact the white oil market growth in the coming years.

Competitive Analysis and Segmentation:

List of Key Companies Covered in this Market Report:

  • 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
  • Total SE

Key Highlights of the Market Segmentation:

The report has segmented the global white oil market on the basis of application and region.

Based on Application:

  • Adhesive
  • Agriculture
  • Food
  • Pharmaceutical
  • Personal Care
  • Textile
  • Polymers
  • Others

Geographical Analysis: 

  • 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

Make inquiry before purchase of this report: https://www.imarcgroup.com/request?type=report&id=3915&flag=F

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.


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Publicado en Default Category en enero 23 at 09:13
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