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.
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.
Europe White oil market Revenue and Forecast to 2028
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
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.
Table of Contents
1. Introduction
3. Research Methodology
4. Europe White Oil Market Landscape
5. Europe White Oil Market - Key Market Dynamics
6. White Oil - Europe Market Analysis
7. Europe White Oil Market Analysis - By Grade
8. Europe White Oil Market Analysis - By Application
9. Europe White Oil Market - Country Analysis
10. Industry Landscape
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Calumet Specialty Product Partners.
- Chevron Corporation.
- EXXON Mobil Corporation.
- Petro-Canada Lubricants Inc.
- RENKERT OIL.
- APAR.
- Sasol.
- Sonneborn LLC.
- H&R GROUP
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 131 |
| Published | October 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 528.2 Million |
| Forecasted Market Value ( USD | $ 652.87 Million |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Europe |
