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White Oil Market Size, Share & Trends Analysis Report By Grade (Technical and Pharmaceutical), By Application (Cosmetics & Personal Care, Food, Pharmaceutical, Plastic & Polymer, Textile, and Others), By Regional Outlook and Forecast, 2024 - 2031

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    Report

  • 266 Pages
  • April 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5972515
Description Jump to:
The Global White Oil Market size is expected to reach $2.2 billion by 2031, rising at a market growth of 4.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,243.79 kilo tonnes, experiencing a growth of 16.9% (2020-2023).

White oils, also known as mineral oils or liquid paraffin, are widely used in skincare and cosmetics formulations due to their excellent emollient and moisturizing properties. The personal care and cosmetics segment held 31.7% revenue share in the market in 2023. In terms of volume the cosmetics & personal care segment attained a volume of 373.98 kilo tonnes in the market 2023. They serve as base oils in various products such as lotions, creams, moisturizers, and makeup removers.



Refining and purification processes are continually refined to achieve higher purity levels in white oils. Advanced filtration techniques, such as molecular distillation and hydrotreating, enable the removal of impurities, contaminants, and undesirable components, resulting in white oils with superior clarity, cleanliness, and consistency.

Additionally, they are commonly used as carriers, solvents, and diluents in liquid and semi-solid medications such as oral suspensions, syrups, and topical preparations. Thus, these factors will boost the demand for it in the upcoming years.

However, the volatility heavily influences the market in crude oil prices, as white oils are derived from crude oil through refining. Fluctuations in crude oil prices can significantly impact the cost of production for white oils, affecting profit margins and pricing strategies within the industry. Therefore, these factors will hamper the growth of the market.

Application Outlook

Based on application, the market is segmented into plastic & polymer, pharmaceutical, food industry, cosmetics & personal care, textiles, and others. In 2023, the plastic and polymer segment garnered 14.4% revenue share in the market. In terms of volume the plastic and polymer segment would attain a volume of 261.72 kilo tonnes by 2030.



Grade Outlook

On the basis of grade, the market is bifurcated into technical and pharmaceutical. The pharmaceutical segment recorded 41.2% revenue share in the market in 2023. In terms of volume the pharmaceutical segment would attain a volume of 752.77 kilo tonnes in the market 2029.

Regional Outlook

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2023, the Europe region acquired 17.3% revenue share in the market. In terms of volume, the Europe region would attain a volume of 268.33 kilo tonnes by 2031.

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
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Cosmetics & Personal Care
  • Food
  • Pharmaceutical
  • Plastic & Polymer
  • Textile
  • Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global White Oil Market, by Grade
1.4.2 Global White Oil Market, by Application
1.4.3 Global White Oil Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global White Oil Market by Grade
4.1 Global Technical Market by Region
4.2 Global Pharmaceutical Market by Region
Chapter 5. Global White Oil Market by Application
5.1 Global Cosmetics & Personal Care Market by Region
5.2 Global Food Market by Region
5.3 Global Pharmaceutical Market by Region
5.4 Global Plastic & Polymer Market by Region
5.5 Global Textile Market by Region
5.6 Global Others Market by Region
Chapter 6. Global White Oil Market by Region
6.1 North America White Oil Market
6.1.1 North America White Oil Market by Grade
6.1.1.1 North America Technical Market by Country
6.1.1.2 North America Pharmaceutical Market by Country
6.1.2 North America White Oil Market by Application
6.1.2.1 North America Cosmetics & Personal Care Market by Country
6.1.2.2 North America Food Market by Country
6.1.2.3 North America Pharmaceutical Market by Country
6.1.2.4 North America Plastic & Polymer Market by Country
6.1.2.5 North America Textile Market by Country
6.1.2.6 North America Others Market by Country
6.1.3 North America White Oil Market by Country
6.1.3.1 US White Oil Market
6.1.3.1.1 US White Oil Market by Grade
6.1.3.1.2 US White Oil Market by Application
6.1.3.2 Canada White Oil Market
6.1.3.2.1 Canada White Oil Market by Grade
6.1.3.2.2 Canada White Oil Market by Application
6.1.3.3 Mexico White Oil Market
6.1.3.3.1 Mexico White Oil Market by Grade
6.1.3.3.2 Mexico White Oil Market by Application
6.1.3.4 Rest of North America White Oil Market
6.1.3.4.1 Rest of North America White Oil Market by Grade
6.1.3.4.2 Rest of North America White Oil Market by Application
6.2 Europe White Oil Market
6.2.1 Europe White Oil Market by Grade
6.2.1.1 Europe Technical Market by Country
6.2.1.2 Europe Pharmaceutical Market by Country
6.2.2 Europe White Oil Market by Application
6.2.2.1 Europe Cosmetics & Personal Care Market by Country
6.2.2.2 Europe Food Market by Country
6.2.2.3 Europe Pharmaceutical Market by Country
6.2.2.4 Europe Plastic & Polymer Market by Country
6.2.2.5 Europe Textile Market by Country
6.2.2.6 Europe Others Market by Country
6.2.3 Europe White Oil Market by Country
6.2.3.1 Germany White Oil Market
6.2.3.1.1 Germany White Oil Market by Grade
6.2.3.1.2 Germany White Oil Market by Application
6.2.3.2 UK White Oil Market
6.2.3.2.1 UK White Oil Market by Grade
6.2.3.2.2 UK White Oil Market by Application
6.2.3.3 France White Oil Market
6.2.3.3.1 France White Oil Market by Grade
6.2.3.3.2 France White Oil Market by Application
6.2.3.4 Russia White Oil Market
6.2.3.4.1 Russia White Oil Market by Grade
6.2.3.4.2 Russia White Oil Market by Application
6.2.3.5 Spain White Oil Market
6.2.3.5.1 Spain White Oil Market by Grade
6.2.3.5.2 Spain White Oil Market by Application
6.2.3.6 Italy White Oil Market
6.2.3.6.1 Italy White Oil Market by Grade
6.2.3.6.2 Italy White Oil Market by Application
6.2.3.7 Rest of Europe White Oil Market
6.2.3.7.1 Rest of Europe White Oil Market by Grade
6.2.3.7.2 Rest of Europe White Oil Market by Application
6.3 Asia Pacific White Oil Market
6.3.1 Asia Pacific White Oil Market by Grade
6.3.1.1 Asia Pacific Technical Market by Country
6.3.1.2 Asia Pacific Pharmaceutical Market by Country
6.3.2 Asia Pacific White Oil Market by Application
6.3.2.1 Asia Pacific Cosmetics & Personal Care Market by Country
6.3.2.2 Asia Pacific Food Market by Country
6.3.2.3 Asia Pacific Pharmaceutical Market by Country
6.3.2.4 Asia Pacific Plastic & Polymer Market by Country
6.3.2.5 Asia Pacific Textile Market by Country
6.3.2.6 Asia Pacific Others Market by Country
6.3.3 Asia Pacific White Oil Market by Country
6.3.3.1 China White Oil Market
6.3.3.1.1 China White Oil Market by Grade
6.3.3.1.2 China White Oil Market by Application
6.3.3.2 Japan White Oil Market
6.3.3.2.1 Japan White Oil Market by Grade
6.3.3.2.2 Japan White Oil Market by Application
6.3.3.3 India White Oil Market
6.3.3.3.1 India White Oil Market by Grade
6.3.3.3.2 India White Oil Market by Application
6.3.3.4 South Korea White Oil Market
6.3.3.4.1 South Korea White Oil Market by Grade
6.3.3.4.2 South Korea White Oil Market by Application
6.3.3.5 Singapore White Oil Market
6.3.3.5.1 Singapore White Oil Market by Grade
6.3.3.5.2 Singapore White Oil Market by Application
6.3.3.6 Malaysia White Oil Market
6.3.3.6.1 Malaysia White Oil Market by Grade
6.3.3.6.2 Malaysia White Oil Market by Application
6.3.3.7 Rest of Asia Pacific White Oil Market
6.3.3.7.1 Rest of Asia Pacific White Oil Market by Grade
6.3.3.7.2 Rest of Asia Pacific White Oil Market by Application
6.4 LAMEA White Oil Market
6.4.1 LAMEA White Oil Market by Grade
6.4.1.1 LAMEA Technical Market by Country
6.4.1.2 LAMEA Pharmaceutical Market by Country
6.4.2 LAMEA White Oil Market by Application
6.4.2.1 LAMEA Cosmetics & Personal Care Market by Country
6.4.2.2 LAMEA Food Market by Country
6.4.2.3 LAMEA Pharmaceutical Market by Country
6.4.2.4 LAMEA Plastic & Polymer Market by Country
6.4.2.5 LAMEA Textile Market by Country
6.4.2.6 LAMEA Others Market by Country
6.4.3 LAMEA White Oil Market by Country
6.4.3.1 Brazil White Oil Market
6.4.3.1.1 Brazil White Oil Market by Grade
6.4.3.1.2 Brazil White Oil Market by Application
6.4.3.2 Argentina White Oil Market
6.4.3.2.1 Argentina White Oil Market by Grade
6.4.3.2.2 Argentina White Oil Market by Application
6.4.3.3 UAE White Oil Market
6.4.3.3.1 UAE White Oil Market by Grade
6.4.3.3.2 UAE White Oil Market by Application
6.4.3.4 Saudi Arabia White Oil Market
6.4.3.4.1 Saudi Arabia White Oil Market by Grade
6.4.3.4.2 Saudi Arabia White Oil Market by Application
6.4.3.5 South Africa White Oil Market
6.4.3.5.1 South Africa White Oil Market by Grade
6.4.3.5.2 South Africa White Oil Market by Application
6.4.3.6 Nigeria White Oil Market
6.4.3.6.1 Nigeria White Oil Market by Grade
6.4.3.6.2 Nigeria White Oil Market by Application
6.4.3.7 Rest of LAMEA White Oil Market
6.4.3.7.1 Rest of LAMEA White Oil Market by Grade
6.4.3.7.2 Rest of LAMEA White Oil Market by Application
Chapter 7. Company Profiles
7.1 Castrol Ltd. (BP P.L.C.)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Sinopec Group (China Petrochemical Corporation)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Research & Development Expenses
7.2.4 Recent strategies and developments:
7.2.4.1 Partnerships, Collaborations, and Agreements:
7.2.5 SWOT Analysis
7.3 Eastman Chemical Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Exxon Mobil Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Lanxess AG
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 Shell plc
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 SWOT Analysis
7.7 TotalEnergies SE
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 SWOT Analysis
7.8 Indian Oil Corporation Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 Sasol Limited
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. Reliance Petrochem Industries (Pvt) Limited
7.10.1 Company Overview
7.10.2 SWOT Analysis
Chapter 8. Winning Imperatives of White Oil Market

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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