White Oil Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Grade, and Application

List of Tables

The white oil market was valued at US$ 2030.13 million in 2021 and is projected to reach US$ 2688.01 million by 2028. It is expected to grow at a CAGR of 3.7% from 2021 to 2028.

White oil is also a refined mineral oil that is extremely pure, stable, colorless, odorless, non-toxic, and chemically inert. All these properties of white oil make it suitable for a wide range of applications, such as pharmaceuticals, cosmetics, and chemical processing. White oils are widely used in plastic, food, pharmaceutical, and medicinal applications. In the plastic industry, it is applied in polystyrene manufacturing. In the food industry, it is used for the protective packaging of fruits and vegetables, food preservatives, etc. Further, consumers' evolving lifestyles, rising purchasing power in emerging economies, such as India and China, and the development of multifunctional cosmetic products are the major factors anticipating the demand for better personal ingredients. With the increase in demand for cosmetic products white oil market will significantly, as white oil aids the easy blending of cosmetics ingredients, and it resists moisture and maintains the smoothness of the product.

In 2020, Asia Pacific held the largest revenue share of the white oil market. The regional revenue is anticipated to grow owing to the growth in the personal care industry. The cosmetics and personal care market, which includes a wide variety of products, such as makeup, skincare, haircare, personal hygiene, and fragrances, has been experiencing growth during the forecast. Thus, increasing the market demand for white oil in the region. In India, hair oil is the most prominent application of white oils, a part of the cosmetics and personal care industry. The overall cosmetics and pharmaceutical industries account for around three-fourths of the white oil consumption in the country.

Additionally, market players are investing in cosmetics and personal care products production in Japan due to the rising demand for cosmetics created in Japan from consumers in Asia Pacific. Shiseido, one of the major cosmetics manufacturers in the nation, has revealed plans to invest between US$ 387.37 billion and US$ 484.22 billion in a new factory that is expected to be built on the southern main island of Kyushu and set to open around 2021. To increase its national production capacity, the corporation also constructed two additional plants in Tochigi Prefecture in 2019 and Osaka Prefecture in 2021. Such Strategic developments by manufacturers increase the demand for white oil and are further expected to drive the white oil market in the region over the coming years.

Calumet Specialty Products Partners, L.P.; Chevron Corporation; ExxonMobil Corporation; Petro-Canada Lubricants Inc.; Renkert Oil; Atlantic Oil; Apar; Sasol; Sonneborn LLC; and H AND R GROUP are a few major players operating in the white oil market. Key market companies focus on strategies such as R&D investments and new product launches. They develop high-quality and innovative products to fulfill the customers' requirements.

The overall white oil market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the white oil market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global white oil market. Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global white oil market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the white oil market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Product Code: TIPRE00018256

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
- 1.2.1 White Oil Market, by Grade
- 1.2.2 White Oil Market, by Application
- 1.2.3 White Oil Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
- 3.1.1 White Oil Market, by Grade, and Application
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. White Oil Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Suppliers:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
- 4.3.1 Overview:
- 4.3.2 Raw Material Suppliers:
- 4.3.3 Manufacturers
- 4.3.4 Distributors
- 4.3.5 End-User
4.4 Expert Opinion

5. White Oil Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growth of Cosmetics and Personal Care Industry
- 5.1.2 Expansion of Pharmaceuticals Industry
5.2 Market Restraints
- 5.2.1 Fluctuating Prices of Crude Oil
5.3 Market Opportunities
- 5.3.1 Elevating Demand as Adhesive in Food Packaging
5.4 Future Trends
- 5.4.1 Extensive Industrialization in Emerging Economies
5.5 Impact Analysis of Drivers and Restraints

6. White Oil - Global Market Analysis

6.1 White Oil Market Overview
6.2 White Oil Market -Revenue and Forecast to 2028 (US$ Mn)
6.3 White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
6.4 Competitive Positioning - Key Market Players

7. White Oil Market Analysis - By Grade

7.1 Overview
7.2 White Oil Market, By Grade (2021 and 2028)
7.3 Food
- 7.3.1 Overview
- 7.3.2 Food: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.3.3 Food: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
7.4 Pharmaceutical
- 7.4.1 Overview
- 7.4.2 Pharmaceutical: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.4.3 Pharmaceutical: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
7.5 Technical
- 7.5.1 Overview
- 7.5.2 Technical: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.5.3 Technical: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)

8. White Oil Market Analysis - By Application

8.1 Overview
8.2 White Oil Market, By Application (2021 and 2028)
8.3 Personal Care & Cosmetics
- 8.3.1 Overview
- 8.3.2 Personal Care & Cosmetics: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Pharmaceutical & Health Care
- 8.4.1 Overview
- 8.4.2 Pharmaceutical & Health Care: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Food Industries
- 8.5.1 Overview
- 8.5.2 Food Industries: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Plastic Processing
- 8.6.1 Overview
- 8.6.2 Plastic Processing: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
8.7 Agriculture
- 8.7.1 Overview
- 8.7.2 Agriculture: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)

9. White Oil Market - Geographic Analysis

9.1 Overview
9.2 North America: White Oil Market
- 9.2.1 North America: White Oil Market - Analysis and Forecast to 2028 (US$ Million)
- 9.2.2 North America: White Oil Market, by Grade
- 9.2.3 North America: White Oil Market, by Application
- 9.2.4 North America: White Oil Market, by Key Country
  - 9.2.4.1 US: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.2.4.1.1 US: White Oil Market, by Grade
    - 9.2.4.1.2 US: White Oil Market, by Application
  - 9.2.4.2 Canada: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.2.4.2.1 Canada: White Oil Market, by Grade
    - 9.2.4.2.2 Canada: White Oil Market, by Application
  - 9.2.4.3 Mexico: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.2.4.3.1 Mexico: White Oil Market, by Grade
    - 9.2.4.3.2 Mexico: White Oil Market, by Application
9.3 Europe: White Oil Market
- 9.3.1 Europe: White Oil Market - Analysis and Forecast to 2028 (US$ Million)
- 9.3.2 Europe: White Oil Market, by Grade
- 9.3.3 Europe: White Oil Market, by Application
- 9.3.4 Europe: White Oil Market, by Key Country
  - 9.3.4.1 Germany: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.1.1 Germany: White Oil Market, by Grade
    - 9.3.4.1.2 Germany: White Oil Market, by Application
  - 9.3.4.2 France: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.2.1 France: White Oil Market, by Grade
    - 9.3.4.2.2 France: White Oil Market, by Application
  - 9.3.4.3 Italy: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.3.1 Italy: White Oil Market, by Grade
    - 9.3.4.3.2 Italy: White Oil Market, by Application
  - 9.3.4.4 U.K: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.4.1 U.K: White Oil Market, by Grade
    - 9.3.4.4.2 U.K: White Oil Market, by Application
  - 9.3.4.5 Russia: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.5.1 Russia: White Oil Market, by Grade
    - 9.3.4.5.2 Russia: White Oil Market, by Application
  - 9.3.4.6 Rest of Europe: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.6.1 Rest of Europe: White Oil Market, by Grade
    - 9.3.4.6.2 Rest of Europe: White Oil Market, by Application
9.4 Asia-Pacific: White Oil Market
- 9.4.1 Asia-Pacific: White Oil Market - Analysis and Forecast to 2028 (US$ Million)
- 9.4.2 Asia-Pacific: White Oil Market, by Grade
- 9.4.3 Asia-Pacific: White Oil Market, by Application
- 9.4.4 Asia-Pacific: White Oil Market, by Key Country
  - 9.4.4.1 Australia: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.1.1 Australia: White Oil Market, by Grade
    - 9.4.4.1.2 Australia: White Oil Market, by Application
  - 9.4.4.2 China: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.2.1 China: White Oil Market, by Grade
    - 9.4.4.2.2 China: White Oil Market, by Application
  - 9.4.4.3 India: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.3.1 India: White Oil Market, by Grade
    - 9.4.4.3.2 India: White Oil Market, by Application
  - 9.4.4.4 Japan: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.4.1 Japan: White Oil Market, by Grade
    - 9.4.4.4.2 Japan: White Oil Market, by Application
  - 9.4.4.5 South Korea: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.5.1 South Korea: White Oil Market, by Grade
    - 9.4.4.5.2 South Korea: White Oil Market, by Application
  - 9.4.4.6 Rest of Asia-Pacific: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.6.1 Rest of Asia-Pacific: White Oil Market, by Grade
    - 9.4.4.6.2 Rest of Asia-Pacific: White Oil Market, by Application
9.5 Middle East and Africa: White Oil Market
- 9.5.1 Middle East and Africa: White Oil Market - Analysis and Forecast to 2028 (US$ Million)
- 9.5.2 Middle East and Africa: White Oil Market, by Grade
- 9.5.3 Middle East and Africa: White Oil Market, by Application
- 9.5.4 Middle East and Africa: White Oil Market, by Key Country
  - 9.5.4.1 South Africa: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.5.4.1.1 South Africa: White Oil Market, by Grade
    - 9.5.4.1.2 South Africa: White Oil Market, by Application
  - 9.5.4.2 Saudi Arabia: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.5.4.2.1 Saudi Arabia: White Oil Market, by Grade
    - 9.5.4.2.2 Saudi Arabia: White Oil Market, by Application
  - 9.5.4.3 UAE: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.5.4.3.1 UAE: White Oil Market, by Grade
    - 9.5.4.3.2 UAE: White Oil Market, by Application
  - 9.5.4.4 Rest of the Middle East and Africa: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.5.4.4.1 Rest of the Middle East and Africa: White Oil Market, by Grade
    - 9.5.4.4.2 Rest of the Middle East and Africa: White Oil Market, by Application
9.6 South and Central America: White Oil Market
- 9.6.1 South and Central America: White Oil Market - Analysis and Forecast to 2028 (US$ Million)
- 9.6.2 South and Central America: White Oil Market, by Grade
- 9.6.3 South and Central America: White Oil Market, by Application
- 9.6.4 South and Central America: White Oil Market, by Key Country
  - 9.6.4.2 Argentina: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.6.4.2.1 Argentina: White Oil Market, by Grade
    - 9.6.4.2.2 Argentina: White Oil Market, by Application
  - 9.6.4.3 Rest of South and Central America: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.6.4.3.1 Rest of South and Central America: White Oil Market, by Grade
    - 9.6.4.3.2 Rest of South and Central America: White Oil Market, by Application

10. Impact of COVID-19

10.1 Overview - Impact of COVID-19
10.2 Impact of COVID-19 on White Oil Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.7 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview
11.2 Expansion & Collaboration

12. Company Profiles

12.1 Calumet Specialty Products Partners, L.P.
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Chevron Corporation
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 EXXON MOBIL CORPORATION
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Petro-Canada Lubricants Inc.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 RENKERT OIL
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 ATLANTIC OIL
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 APAR
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Sasol
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Sonneborn LLC
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 H AND R GROUP
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms