What is Industrial White Oil?
Industrial White Oil is a highly refined and colorless mineral oil derived from paraffinic crude and naphthenic feedstock. Because the product is highly hydrophobic, odorless, colorless, and chemically inert, it can be used in a wide range of industrial applications. Because of its low aromatic and sulfur content, the product can be easily blended with other oils to improve the performance of finished goods. The main commercial grades of white oil available worldwide are technical, pharmaceutical, and food. The expansion of the personal care, polymer processing, and pharmaceutical segments is expected to drive the white oil market over the forecast period. Industrial White Oil is an insecticide spray that is used to control a variety of insect pests in the garden. The spray kills insects by blocking their breathing pores, causing suffocation and death. Aphids, scale, mealybugs, mites, citrus leaf miners, and smooth-skinned caterpillars are all controlled by it.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Sinopec Corporation (China), BP (United Kingdom), Shell plc (United Kingdom), TotalEnergies (France), ExxonMobil (United States), Castrol (England), Sasol (South Africa), Sonneborn, Inc. (United States), Seojin Chemical Co., Ltd. (South Korea) and Nynas AB (Sweden) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Light Paraffinic, Heavy Paraffinic and Naphthenic) , by application (Plastics & Polymers, Pharmaceuticals, Personal Care, Cosmetics, Food Industry, Textile and Others) and major geographies. Research Analyst at AMA predicts that United States & United Kingdom Vendors will contribute to the maximum growth of Global Industrial White Oil market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Industrial White Oil market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Sinopec Corporation (China), BP (United Kingdom), Shell plc (United Kingdom), TotalEnergies (France), ExxonMobil (United States), Castrol (England), Sasol (South Africa), Sonneborn, Inc. (United States), Seojin Chemical Co., Ltd. (South Korea) and Nynas AB (Sweden).
Market Overview:
On 21st December 2021, Aker BP and Lundin Energy AB ("Lundin Energy") have entered into a transaction agreement under which Aker BP and Lundin Energy agree to combine parts of Lundin Energy's business operations with Aker BP via a statutory cross-border merger (the "Merger") between Aker BP and a newly established Swedish public limited liability company currently wholly owned by Lundin Energy (the "Target"). After the merger, Target will include, among other things, all of Lundin Energy's oil and gas assets.
Oil and gas drilling are recognized as critical components of the US economy, both long-term and short-term. However, in recent decades, the industry has come under fire for environmental issues such as air and water quality, offshore regulation, and chemical management. This intense focus has occurred in tandem with other measures used to promote alternative energy production and the development of shale gas infrastructure.
The market is fragmented, with numerous players focusing on technique and product quality, which could lead to an increase in the global white oil market during the forecast period.
Industrial White Oil Market Dynamics:
Attributes | Details |
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Growth Drivers | - Varying Tastes of Consumers in Daily Personal Care Products
- Rising Disposable Income of People Worldwide
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Major Trends | - Technology Advancement of Industrial White Oil Products
- Demand for the PVC Lubricants, Thermoplastic Rubber, and Elastomers
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Restraints | - Strict Regulations in Industrial White Oil Regarding Safety and Precaution
- High Cost of Industrial White Oil
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Road Blocks / Challenges | - High Prices of White Oil Products
- Lack of Awareness Regarding the Benefit of Using Industrial White Oil
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Gaps & Opportunities | - Increasing Demand from Emerging Economics Such As India, China and Others
- Increasing Demand from the Developing Economies
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Key highlights of the Global Industrial White Oil market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Industrial White Oil market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Industrial White Oil market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Industrial White Oil Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Industrial White Oil market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Industrial White Oil market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Industrial White Oil Manufacturer, Industrial White Oil Distributor & Suppliers, Government Bodies, Market research Firms, Research Institutes and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.