The Asia Pacific White Oil Market would witness market growth of 4.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 634.75 kilo tonnes, showcasing a growth of 17.1% (2020-2023).
Pharmaceutical-grade white oil, also known as USP (United States Pharmacopeia) or EP (European Pharmacopoeia) grade, is highly refined and meets stringent regulatory standards for purity and safety. Thus, the India market utilized 45.79 kilo tonnes of white oil by pharmaceutical grade in 2023.
The China market dominated the Asia Pacific White Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $354.1 Million by 2031. The Japan market is showcasing a CAGR of 4.4% during (2024 - 2031). Additionally, The India market would register a CAGR of 5.1% during (2024 - 2031).
Its low volatility and compatibility with various polymers made it an indispensable additive in plastic processing, facilitating extrusion, molding, and shaping operations while minimizing friction, surface defects, and polymer degradation.
Moreover, in the textile industry, white oil found application as a textile lubricant, facilitating fiber processing, yarn spinning, and weaving operations, thereby enhancing production efficiency and product quality.
As the textile sector in India expands and diversifies to meet domestic and international demand for a wide range of fabrics, the consumption of white oil for fabric production will likely increase. White oil is commonly used in the textile industry as a lubricant, softener, and anti-static agent during various stages of textile processing, such as spinning, weaving, and finishing.
Based on Grade, the market is segmented into Technical and Pharmaceutical. Based on Application, the market is segmented into Cosmetics & Personal Care, Food, Pharmaceutical, Plastic & Polymer, Textile, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Pharmaceutical-grade white oil, also known as USP (United States Pharmacopeia) or EP (European Pharmacopoeia) grade, is highly refined and meets stringent regulatory standards for purity and safety. Thus, the India market utilized 45.79 kilo tonnes of white oil by pharmaceutical grade in 2023.
The China market dominated the Asia Pacific White Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $354.1 Million by 2031. The Japan market is showcasing a CAGR of 4.4% during (2024 - 2031). Additionally, The India market would register a CAGR of 5.1% during (2024 - 2031).
Its low volatility and compatibility with various polymers made it an indispensable additive in plastic processing, facilitating extrusion, molding, and shaping operations while minimizing friction, surface defects, and polymer degradation.
Moreover, in the textile industry, white oil found application as a textile lubricant, facilitating fiber processing, yarn spinning, and weaving operations, thereby enhancing production efficiency and product quality.
As the textile sector in India expands and diversifies to meet domestic and international demand for a wide range of fabrics, the consumption of white oil for fabric production will likely increase. White oil is commonly used in the textile industry as a lubricant, softener, and anti-static agent during various stages of textile processing, such as spinning, weaving, and finishing.
Based on Grade, the market is segmented into Technical and Pharmaceutical. Based on Application, the market is segmented into Cosmetics & Personal Care, Food, Pharmaceutical, Plastic & Polymer, Textile, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Castrol Ltd. (BP P.L.C.)
- Sinopec Group (China Petrochemical Corporation)
- Eastman Chemical Company
- Exxon Mobil Corporation
- Lanxess AG
- Shell plc
- TotalEnergies SE
- Indian Oil Corporation Ltd.
- Sasol Limited
- Reliance Petrochem Industries (Pvt) Limited
Market Report Segmentation
By Grade (Volume, Kilo Tonnes, USD Billion, 2020-2031)- Technical
- Pharmaceutical
- Cosmetics & Personal Care
- Food
- Pharmaceutical
- Plastic & Polymer
- Textile
- Others
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific White Oil Market by Grade
Chapter 5. Asia Pacific White Oil Market by Application
Chapter 6. Asia Pacific White Oil Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Castrol Ltd. (BP P.L.C.)
- Sinopec Group (China Petrochemical Corporation)
- Eastman Chemical Company
- Exxon Mobil Corporation
- Lanxess AG
- Shell plc
- TotalEnergies SE
- Indian Oil Corporation Ltd.
- Sasol Limited
- Reliance Petrochem Industries (Pvt) Limited
Methodology
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