Last Updated on May 21, 2022 by rabiamuzaffar
According to the latest report by IMARC Group, titled “White Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global white oil market exhibited stable growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 3% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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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.
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.
White Oil Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global white oil market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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 Market Segmentation:
The report has segmented the global white oil market on the basis of application and region.
Breakup by Application:
- Adhesive
- Agriculture
- Food
- Pharmaceutical
- Personal Care
- Textile
- Polymers
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/white-oil-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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