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

List of Tables

The white oil market in North America is expected to grow from US$ 427.47 million in 2022 to US$ 516.09 million by 2028. It is estimated to grow at a CAGR of 3.2% 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. According to the Pharm approach, the US has the world's largest pharmaceutical industry in terms of drug development, production, and revenue generation. According to Investopedia, the US leads the position in medical research and development in the global pharmaceutical industry. 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. Therefore, the robust growth of the pharmaceuticals industry in various countries creates the need for white oil in pharmaceutical formulations.

Market Overview

US, Canada, and Mexico are the key contributors to the white oil market in the North America. North America is one of the prominent markets for white oil due to its increasing application in various end-use industries across the region. The increasing emphasis on health and wellbeing and the willingness of customers in the region to pay more for high-end products will help increase the rate at which consumers adopt pharmaceuticals, food, personal care, and cosmetics products. Due to favorable regulatory compliance and ongoing product advancements, notably in the healthcare sector, the region will experience significant growth. Additionally, the region's rising polymer and adhesive usage will open up lucrative opportunities for the North America white oil market in the forecast period. The North America white oil market is witnessing high growth due to the presence of leading companies, including ExxonMobil Fuels & Lubricants, Sonneborn, and Chevron Corporation. The increasing demand for protective diluents, moisturizers, emollients, hair care, and baby care products is projected to propel the North America market in the years to come. The rise in spending on personal care and cosmetic products will create new avenues for market growth in the region. White oil can be used to ease diaper rash and eczema irritation. According to the National Eczema Association, 31.6 million people in the US (10.1%) have eczema. Eczema is a chronic skin problem in which the skin becomes dry, discolored, itchy, and inflamed. White oil can be administered to the affected area to reduce eczema symptoms. These factors are boosting the North America white oil market in North American countries.

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

North America White oil market Segmentation

The North America 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 personal care and cosmetics segment held a largest market share in 2022. Based on country, the market is segmented into U.S, Canada, and Mexico. U.S 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 North America.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America 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: BMIRE00027173

1. Introduction

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

9.1 North America: White Oil Market
- 9.1.1 North America: White Oil Market, by Key Country
- 9.1.2 North America: White Oil Market, by Key Country
  - 9.1.2.1 US: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.1.2.1.1 US: White Oil Market, by Grade
    - 9.1.2.1.2 US: White Oil Market, by Application
  - 9.1.2.2 Canada: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.1.2.2.1 Canada: White Oil Market, by Grade
    - 9.1.2.2.2 Canada: White Oil Market, by Application
  - 9.1.2.3 Mexico: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.1.2.3.1 Mexico: White Oil Market, by Grade
    - 9.1.2.3.2 Mexico: 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