Global White Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global white oil market in its upcoming report titled, “Global White Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global white oil market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global white oil market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global white oil market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global white oil market report has been segmented on the basis of type, application, and region.
White oil is a high-quality colourless mineral oil developed for use in consumer products, food processing plants, and other application which requires pure white mineral oil. White oil is produced by the mixture of naphthenic and paraffinic hydrocarbons of highest purity. White oil is nontoxic and has better storage stability. The oil has Vitamin-E as a natural oxidation inhibitor and remains colorless, tasteless, and odourless during standard storage and service life.
Growing consumption of white oil as moisturizer, insulator, and lubricator in various end use industries such as pharmaceutical, textile, and cosmetic is a key factor driving growth of the global white oil market. In addition, advancement in production process and increasing adoption of white oil in the manufacturing of elastomers and specialty adhesives are major factors expected to boost growth of the global white oil market over forecast period.
However, strict government regulations on production of white oil is a key factor restraining growth of the global white oil market. Additionally, changing raw material prices and lack of awareness about benefits of white oil are major factors expected to hamper growth of the global white oil market over forecast period.
The market in Asia Pacific is expected to dominate the global white oil market in revenue terms, owing to growing adoption of white oil in various end use industries such as pharmaceutical, polymer, adhesive, personal care, and agriculture in emerging economies in the region. The market in North America accounts for the second highest revenue share contribution in the global white oil market. This can be attributed to technological advancements and product innovation in healthcare industry in the region, followed by Middle East & Africa.
Global White Oil Market Segmentation:
Global white oil market segmentation by type:
- Light paraffinic
- Heavy paraffinic
Global white oil market segmentation by application:
- Plastic & polymer
- Personal care & cosmetics
- Food industry
Global white oil market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Exxon Mobil Corporation
- BP p.l.c.
- Renkert Oil
- Sonneborn LLC.
- SEOJIN CHEMICAL CO., LTD.
- Nynas AB
- Petro‐Canada Lubricants Inc.
- Royal Dutch Shell N.V.
- Sasol Limited
- JX Nippon Oil & Energy Corporation
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