What is White Oil Market Scope?
White oil is defined as the colorless distillate, which is obtained from petroleum, especially liquid paraffin. It is widely used in the production of laxatives, ointments as well as several cosmeceuticals. In addition, it is also used in agrochemicals, polymer, specialty lubricants, specialty chemicals, incenses, pesticides, textile auxiliaries, dye intermediates, and as a carrier solvent for industrial applications. The rising application of white oil across diverse segment, increasing demand for sugar refining & coating on eggs, food packaging materials, and fruits & vegetables are the key drivers accentuating the market growth worldwide. The global white oil market to grow at a CAGR of 4.5% during the period 2018-2025.
The White Oil market study is being classified by Type (Light Paraffinic, Heavy Paraffinic and Naphthenic), by Application (Plastics & Polymers, Pharmaceuticals, Personal Care & Cosmetics, Food Industry and Textile) and major geographies with country level break-up.
The market is fragmented with numerous players focusing on technique and quality of the product owing to which the global white oil market can witness an upsurge in the forecast period. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global White Oil market throughout the predicted period.
Exxon Mobil Corporation, (United States), British Petroleum, (United Kingdom), Seojin Chemical Co. Ltd., (China), Renkert Oil Inc. (United States), Sasol Limited (South Africa), Nynas AB (Sweden), Sonneborn Inc., (United States), Royal Dutch Shell N.V., (Netherlands), JX Nippon Oil & Energy Corporation (Japan) and Petro-Canada. (Canada) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global White Oil market by Type, Application and Region.
On the basis of geography, the market of White Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
According to National Institute for Occupational Safety and Health (NIOSH), there should be strict regulations in white mineral oil mist and heavy mineral oil mist especially in the United States and Western European countries
Influencing Market Trend
- Technology Advancement of White Oil Products
Market Drivers
- Varying Tastes of Consumers in Daily Personal Care Products
- Rising Disposable Income of People Worldwide
- Growing Demand for the PVC Lubricants, Thermoplastic Rubber, and Elastomers
Opportunities
- Increasing demand from emerging economics such as India, China and others
Restraints
- Strict Regulations in White Oil Regarding Safety and Precaution
Challenges
- High prices of white oil products
- Lack of awareness regarding the benefit of using white oil
Key Target Audience
Manufacturers of White Oil, Suppliers of White Oil, Wholesalers, Distributors and Retailers of White Oil, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.