The new report by EMR titled, ‘Global White Oil Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global white oil market, assessing the market based on its segments like grade, type, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2021-2026)
- Historical Market Size (2020): USD 1.3 Billion
- Forecast CAGR (2021-2026): 3%
- Forecast Market Size (2026): USD5 Billion
The global white oil market is primarily driven by the demand from personal care products market. Due to utilisation of white oil in various personal care products such as facial cream, hair oil, hair cream, body lotion, the market is expected to grow due to fast growth in demand of these products. Additionally, factors such as increasing disposable income, increasing awareness towards personal hygiene and easy availability of personal care products will aid to the white oil market. Moreover, demand from pharmaceutical sector, due to application of white oil in ointments, eye lubricants and in penicillin production process with push the growth in the forecast period.
Industry Definition and Major Segments
White oils are highly distilled colourless, odourless mineral or synthetic oils that consist of base stocks of paraffinic or naphthenic. They find application in various sectors owing to chemically and biologically stable properties and does not allow any pathogenic growth.
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White oil on the basis of grade, can be divided as follows:
- Industrial Grade
- Pharmaceutical Grade
On the basis of product type, white oil can be segmented into:
- Light Paraffinic
- Heavy Paraffinic
- Naphthenic
White oil on the basis of application, can be classified into the following:
- Personal Care and Cosmetic
- Pharmaceutical
- Adhesive
- Textile
- Polymers
- Agriculture
- Food and Beverage
- Others
The regional markets for white oil include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Regionally, Asia Pacific region is both the largest and fastest growing region for white oil. This can be attributed to China being the largest consumers of white oil within the region owing to its cosmetic and skincare products industry. Additionally, India and Japan are next largest consumers of white oil. Moreover, due to the increasing demand form textiles, plastics polymers, cosmetics, pharmaceuticals, and adhesives sector, white oils market is expected to grow in the forecast period.
Key Market Players
The major players in the market are Exxon Mobil Corporation, Royal Dutch Shell plc., Bharat Petroleum Corporation Limited, Sonneborn LLC, Sasol LTD, Petro-Canada Lubricants, Panama Petrochem Ltd., Apar Industries Ltd., and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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