Europe White Oil Market Forecast to 2028 - COVID-19 Impact and Regional Analysis

List of Tables

The white oil market in Europe is expected to grow from US$ 528.20 million in 2022 to US$ 652.87 million by 2028. It is estimated to grow at a CAGR of 3.6% from 2022 to 2028.

Expansion of Pharmaceuticals Industry

In the pharmaceuticals industry, white oil is used as a spray and ointment carrier, a capsule adjuvant, and a release agent. The pharmaceutical market is one of the fastest-growing markets in the region. The pharmaceutical market has also grown without any interruption in recent years. The pharmaceutical companies are primarily involved in producing generics, therapeutic medicines, active pharmaceutical ingredients, and traditional medicines. Germany is one of the most prominent pharmaceutical manufacturing countries in the world and Europe. The UK is one of the world's top global producers of pharmaceuticals. Moreover, in the UK, this industry adds a huge value to the overall annual turnover every year. India also has a prominent position in the global pharmaceuticals industry and is the largest provider of generic drugs. Therefore, the robust growth of the pharmaceuticals industry in various countries creates the need for white oil in pharmaceutical formulations.

Market Overview

Germany, France, UK, Italy, Russia, and Rest of Europe are the key contributors to the white oil market in the Europe. Europe has a well-established personal care industry and is the largest market for cosmetics and other personal care products worldwide. In Europe, the white oil used in cosmetic lip care products should be in line with the purity specifications of polycyclic aromatic hydrocarbons, as reflected in the safety requirements given in the EU cosmetic regulation 1223/2009. In 2009 and 2013, the European Food Safety Authority established an Acceptable Daily Intake (ADI) of 12 mg/kg bw/day for high viscosity and medium viscosity white mineral oils. Thus, such government support encourages people to opt for white oil-infused products, increasing the demand for white oil in the personal care industry, positively impacting the Europe white oil market in this region. White oil is used in various end products, such as adhesives, animal vaccines, pharmaceuticals, and polystyrene. These are highly purified and cost-effective, which makes them highly appealing and, therefore, creates great opportunities for revenue generation in the Europe market. In addition, the continuous increase in the demand from the food sector is leading to increased production of food-grade lubricants, fueling the need for white oil in food industries.

Europe White oil market Revenue and Forecast to 2028 (US$ Million)

Europe White Oil Market Segmentation

The Europe white oil market is segmented into grade, application, and country.

Based on grade, the market is segmented into food, pharmaceutical, and technical. The pharmaceutical segment registered the largest market share in 2022.

Based on application, the market is segmented into personal care and cosmetics, pharmaceutical and healthcare, food industries, plastic processing, agriculture, and others. The plastic processing segment held a largest market share in 2022.

Based on country, the market is segmented into Germany, France, UK, Italy, Russia, and rest of Europe. Rest of Europe dominated the market share in 2022.

Calumet Specialty Product Partners, Chevron Corporation; EXXON Mobil Corporation; Petro-Canada Lubricants Inc; RENKERT OIL; APAR; Sasol; Sonneborn LLC; and H AND R GROUP are the leading companies operating in the white oil market in the Europe.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe 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 Europe 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 Europe 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: BMIRE00027123

1. Introduction

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

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. Europe 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. Europe 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 - Europe Market Analysis

6.1 White Oil Market -Revenue and Forecast to 2028 (US$ Mn)
6.2 White Oil Market -Volume and Forecast to 2028 (Kilo Tons)

7. Europe 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. Europe 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. Europe White Oil Market - Country Analysis

9.1 Europe: White Oil Market
- 9.1.1 Europe: White Oil Market, by Key Country
- 9.1.2 Europe: White Oil Market, by Key Country
  - 9.1.2.1 Germany: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.1.2.1.1 Germany: White Oil Market, by Grade
    - 9.1.2.1.2 Germany: White Oil Market, by Application
  - 9.1.2.2 France: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.1.2.2.1 France: White Oil Market, by Grade
    - 9.1.2.2.2 France: White Oil Market, by Application
  - 9.1.2.3 Italy: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.1.2.3.1 Italy: White Oil Market, by Grade
    - 9.1.2.3.2 Italy: White Oil Market, by Application
  - 9.1.2.4 U.K: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.1.2.4.1 U.K: White Oil Market, by Grade
    - 9.1.2.4.2 U.K: White Oil Market, by Application
  - 9.1.2.5 Russia: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.1.2.5.1 Russia: White Oil Market, by Grade
    - 9.1.2.5.2 Russia: White Oil Market, by Application
  - 9.1.2.6 Rest of Europe: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.1.2.6.1 Rest of Europe: White Oil Market, by Grade
    - 9.1.2.6.2 Rest of Europe: White Oil Market, by Application

10. Industry Landscape

10.1 Overview
10.2 Expansion & Collaboration

11. Company Profiles

11.1 Calumet Specialty Products Partners, L.P.
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Chevron Corporation
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 EXXON MOBIL CORPORATION
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Petro-Canada Lubricants Inc.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 RENKERT OIL
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 APAR
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Sasol
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 Sonneborn LLC
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
11.9 H AND R GROUP
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Glossary of Terms