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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1287666
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1287666
White Oil Market Share, Size, Trends, Industry Analysis Report, By Application (Adhesives, Agriculture, Food, Pharmaceuticals, Personal Care, Textile, Polymers, Others); By Grade; By Region; Segment Forecast, 2023-2032
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The global white oil market size is expected to reach USD 3,268.25 million by 2032, according to a new study by Polaris Market Research. The report "White Oil Market Share, Size, Trends, Industry Analysis Report, By Application (Adhesives, Agriculture, Food, Pharmaceuticals, Personal Care, Textile, Polymers, and Others); By Grade; By Region; Segment Forecast, 2022-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rapidly growing use of the product in the production of pharmaceutical goods that includes internal lubricants, emollients, ointments, and laxatives as a major raw material, along with the increasing booming demand for the product in the agriculture, adhesives, and textile applications across the globe are among the major factors propelling the growth of the market. In addition, the extensive rise in the number of government-supportive initiatives and increasing implementation of new product launches and product expansion of major manufacturers of the market by tapping into emerging economies of the world are further projected to fuel the market's growth opportunities.
For instance, in October 2022, Luberef established its new production facility in Yambu, which will produce transformer oil & white oil used in pharmaceutical, food, and power generation. The new production facility will enable the localization of such types of specialty products in the country and will further attract the producers & operators of oil-related products.
In recent years, white oils have become essential to many cosmetic formulations. Additionally, a surge in consumers preferring personal care and cosmetic products to enhance their health and support their self-esteem, especially in the European region, is also rapidly boosting the demand for the product. For instance, according to the "Cosmetic Europe" & the "Personal Care Association," over 500 million people in Europe use cosmetic & personal care products daily.
Moreover, the growing proliferation of low-volatility white oils to manufacture plastics and a wide range of polymers for enhancing and regulating the melt flow rate of the end product to modify the physical properties and give release qualities are also anticipated to fuel the growth and demand for the market.
White Oil Market Report Highlights
- Personal care segment accounted for highest market share in 2022, which is highly accelerated by growing prevalence and penetration among variety of new developing products mainly among young generation
- Technical grade segment is expected to grow at a fastest CAGR during the projected period, owing to its higher adoption as a lubricant in textile industry and growing use of white oil in several industrial applications
- Asia Pacific region dominated the white oil market in 2022, which is mainly driven by extensive growth of the pharmaceutical industry and continuously increasing spending on healthcare in countries like India and China
- The global key market players include: JX Nippon Oil & Energy Corporation, Sinopec Corporation, Chevron Corporation, ExxonMobil Corporation, and Calumet Specialty Products Partners
Polaris Market Research has segmented the White Oil market report based on application, grade, and region:
White Oil, Form Outlook (Revenue - USD Million, 2019 - 2032)
- Adhesives
- Agriculture
- Food
- Pharmaceuticals
- Personal Care
- Textile
- Polymers
- Others
White Oil, Grade Outlook (Revenue - USD Million, 2019 - 2032)
- Technical
- Pharmaceutical
White Oil, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3153
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global White Oil Market Insights
- 4.1. White Oil Market - Industry Snapshot
- 4.2. White Oil Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growth of the global pharmaceutical market
- 4.2.1.2. Consumption in personal care industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Stringent regulations on occupational exposure
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. White Oil Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global White Oil Market, by Grade
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global White Oil, by Grade, 2019-2032 (USD Million)
- 5.3. Technical
- 5.3.1. Global White Oil Market, by Technical, by Region, 2019-2032 (USD Million)
- 5.4. Pharmaceutical
- 5.4.1. Global White Oil Market, by Pharmaceutical, by Region, 2019-2032 (USD Million)
6. Global White Oil Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global White Oil Market, by Application, 2019-2032 (USD Million)
- 6.3. Adhesives
- 6.3.1. Global White Oil Market, by Adhesives, by Region, 2019-2032 (USD Million)
- 6.4. Agriculture
- 6.4.1. Global White Oil Market, by Agriculture, by Region, 2019-2032 (USD Million)
- 6.5. Food
- 6.5.1. Global White Oil Market, by Food, by Region, 2019-2032 (USD Million)
- 6.6. Pharmaceuticals
- 6.6.1. Global White Oil Market, by Pharmaceuticals, by Region, 2019-2032 (USD Million)
- 6.7. Personal Care
- 6.7.1. Global White Oil Market, by Personal Care, by Region, 2019-2032 (USD Million)
- 6.8. Textile
- 6.8.1. Global White Oil Market, by Textile, by Region, 2019-2032 (USD Million)
- 6.9. Polymers
- 6.9.1. Global White Oil Market, by Polymers, by Region, 2019-2032 (USD Million)
- 6.10. Others
- 6.10.1. Global White Oil Market, by Others, by Region, 2019-2032 (USD Million)
7. Global White Oil Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. White Oil Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. White Oil Market - North America
- 7.3.1. North America: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.3.3. White Oil Market - U.S.
- 7.3.3.1. U.S.: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.3.4. White Oil Market - Canada
- 7.3.4.1. Canada: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.3.4.2. Canada: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.4. White Oil Market - Europe
- 7.4.1. Europe: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.4.3. White Oil Market - UK
- 7.4.3.1. UK: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.4.3.2. UK: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.4.4. White Oil Market - France
- 7.4.4.1. France: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.4.4.2. France: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.4.5. White Oil Market - Germany
- 7.4.5.1. Germany: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.4.5.2. Germany: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.4.6. White Oil Market - Italy
- 7.4.6.1. Italy: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.4.6.2. Italy: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.4.7. White Oil Market - Spain
- 7.4.7.1. Spain: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.4.7.2. Spain: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.4.8. White Oil Market - Netherlands
- 7.4.8.1. Netherlands: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.4.9. White Oil Market - Russia
- 7.4.9.1. Russia: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.4.9.2. Russia: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.5. White Oil Market - Asia Pacific
- 7.5.1. Asia Pacific: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.5.3. White Oil Market - China
- 7.5.3.1. China: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.5.3.2. China: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.5.4. White Oil Market - India
- 7.5.4.1. India: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.5.4.2. India: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.5.5. White Oil Market - Malaysia
- 7.5.5.1. Malaysia: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.5.6. White Oil Market - Japan
- 7.5.6.1. Japan: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.5.6.2. Japan: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.5.7. White Oil Market - Indonesia
- 7.5.7.1. Indonesia: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.5.8. White Oil Market - South Korea
- 7.5.8.1. South Korea: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.6. White Oil Market - Middle East & Africa
- 7.6.1. Middle East & Africa: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.6.3. White Oil Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.6.4. White Oil Market - UAE
- 7.6.4.1. UAE: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.6.4.2. UAE: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.6.5. White Oil Market - Israel
- 7.6.5.1. Israel: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.6.5.2. Israel: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.6.6. White Oil Market - South Africa
- 7.6.6.1. South Africa: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.7. White Oil Market - Latin America
- 7.7.1. Latin America: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.7.3. White Oil Market - Mexico
- 7.7.3.1. Mexico: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.7.4. White Oil Market - Brazil
- 7.7.4.1. Brazil: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: White Oil Market, by Grade, 2019-2032 (USD Million)
- 7.7.5. White Oil Market - Argentina
- 7.7.5.1. Argentina: White Oil Market, by Application, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: White Oil Market, by Grade, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. British Petroleum
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Renkert Oil
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. JX Nippon Oil
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Nynas AB
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Sinopec Corporation
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. ExxonMobil Corporation
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Petro-Canada
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Calumet Specialty
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Atlantic Oil
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Sonneborn
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. H and R Group
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Chevron Corporation
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Adinath Chemicals
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Eastman Chemical
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Royal Dutch Shell
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Savita Oil
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
- 9.17. Castrol Limited
- 9.17.1. Company Overview
- 9.17.2. Financial Performance
- 9.17.3. Product Benchmarking
- 9.17.4. Recent Development
Product Code: PM3153
List of Tables
- Table 1 Global White Oil Market, by Application, 2019-2032 (USD Million)
- Table 2 Global White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 3 White Oil Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 5 North America: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 6 U.S.: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 7 U.S.: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 8 Canada: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 9 Canada: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 10 Europe: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 11 Europe: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 12 UK: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 13 UK: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 14 France: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 15 France: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 16 Germany: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 17 Germany: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 18 Italy: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 19 Italy: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 20 Spain: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 21 Spain: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 22 Netherlands: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 23 Netherlands: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 24 Russia: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 25 Russia: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 26 Asia Pacific: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 27 Asia Pacific: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 28 China: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 29 China: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 30 India: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 31 India: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 32 Malaysia: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 33 Malaysia: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 34 Japan: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 35 Japan: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 36 Indonesia: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 37 Indonesia: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 38 South Korea: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 39 South Korea: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 44 UAE: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 45 UAE: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 46 Israel: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 47 Israel: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 48 South Africa: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 49 South Africa: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 50 Latin America: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 51 Latin America: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 52 Mexico: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 53 Mexico: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 54 Brazil: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 55 Brazil: White Oil Market, by Grade, 2019-2032 (USD Million)
- Table 56 Argentina: White Oil Market, by Application, 2019-2032 (USD Million)
- Table 57 Argentina: White Oil Market, by Grade, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global White Oil Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global White Oil Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Market by Grade
- Figure 9 Global White Oil Market, by Grade, 2022 & 2032 (USD Million)
- Figure 10 White Oil Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - White Oil Market
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