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White Oil Market By Grade, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 263 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5712948
The global white oil market was valued at $2.2 billion in 2021, and is projected to reach $3.1 billion by 2031, growing at a CAGR of 3.7% from 2022 to 2031. White oil is colorless, odorless, and tasteless mineral oil that is used in medicine, pharmaceutical, and cosmetic preparations. It comprises of mineral oil distillate that is hydrogenated and separated into parafiins, naphthenes, and aromatics by adsorption on a solid adsorbent.

The increasing awareness of fashion consciousness has led the textile sector to witness a significant increase in demand where white oil is used as a lubricant. This may act as one of the key drivers responsible for the growth of the white oil market for technical grade. In addition, rapidly changing lifestyles have surged the demand for packed food items where technical grade white oil is widely preferred to soften the food packaging materials. Furthermore, the rise in awareness for personal care activities has increased the demand for various personal care products based on pharmaceutical grade white oil formulations. This factor may surge the utilization of pharmaceutical grade white oil in the growing personal care sector; thus, boosting the market growth.

However, the formulation of white oil requires various sophisticated chemical and physical steps that make it a relatively expensive product. This factor may hamper the growth of the white oil market during the forecast period. On the contrary, the emergence of deadly contagious diseases such as cancer, HIV/AIDS, tuberculosis, and others has led manufacturers to produce highly efficient medicines where white oil is widely used in producing various medicinal formulations. This is anticipated to increase the sales of white oil; thus, creating lucrative opportunities for the market.

The white oil market is segmented on the basis of grade, application, and region. On the basis of grade, it is fragmented into technical and pharmaceuticals grade. By application, it is classified into plastic & polymer, pharmaceuticals, food industry, personal care & cosmetics, textiles, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The global white oil market profiles leading players that include The white oil market is segmented on the basis of grade, application, and region. On the basis of grade, it is fragmented into technical and pharmaceuticals grade. By application, it is classified into plastic & polymer, pharmaceuticals, food industry, personal care & cosmetics, textiles, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The global white oil market report provides an in-depth competitive analysis as well as profiles of these major players.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the white oil market analysis from 2021 to 2031 to identify the prevailing white oil market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • An in-depth analysis of the white oil market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes an analysis of the regional as well as global white oil market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Grade

  • Technical
  • Pharmaceutical

By Application

  • Plastic and Polymer
  • Pharmaceuticals
  • Food Industry
  • Personal Care and Cosmetics
  • Textiles
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest Of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • Adinath Chemicals
  • Asian Oil Company
  • Castrol Limited
  • Chevron USA Inc.
  • China Petroleum & Chemical Corporation (Sinopec)
  • Eastman Chemical Company
  • Exxon Mobil Corporation
  • Lanxess
  • Lodha Petro
  • Nandan Petrochem Ltd.
  • RENKERT OIL
  • Royal Dutch Shell Plc
  • Savita Oil Technologies Limited
  • Sonneborn LLC
  • TOTAL ENERGIES

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
3.10. Patent Landscape

CHAPTER 4: WHITE OIL MARKET, BY GRADE
4.1 Overview
4.1.1 Market size and forecast
4.2 Technical
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Pharmaceutical
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: WHITE OIL MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Plastic and Polymer
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Pharmaceuticals
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Food Industry
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Personal Care and Cosmetics
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Textiles
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Others
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country

CHAPTER 6: WHITE OIL MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Grade
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Grade
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Grade
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Grade
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Grade
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Grade
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 UK
6.3.4.2.1 Market size and forecast, by Grade
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Grade
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Grade
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Grade
6.3.4.5.2 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Grade
6.3.4.6.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Grade
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Grade
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 India
6.4.4.2.1 Market size and forecast, by Grade
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 Japan
6.4.4.3.1 Market size and forecast, by Grade
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Grade
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Grade
6.4.4.5.2 Market size and forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size and forecast, by Grade
6.4.4.6.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Grade
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Grade
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Grade
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 South Africa
6.5.4.3.1 Market size and forecast, by Grade
6.5.4.3.2 Market size and forecast, by Application
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Grade
6.5.4.4.2 Market size and forecast, by Application

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 Adinath Chemicals
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Asian Oil Company
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Castrol Limited
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Chevron USA Inc.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 China Petroleum & Chemical Corporation (Sinopec)
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Eastman Chemical Company
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Exxon Mobil Corporation
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Lanxess
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Lodha Petro
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Nandan Petrochem Ltd.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 RENKERT OIL
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 Royal Dutch Shell Plc
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
8.13 Savita Oil Technologies Limited
8.13.1 Company overview
8.13.2 Company snapshot
8.13.3 Operating business segments
8.13.4 Product portfolio
8.13.5 Business performance
8.13.6 Key strategic moves and developments
8.14 Sonneborn LLC
8.14.1 Company overview
8.14.2 Company snapshot
8.14.3 Operating business segments
8.14.4 Product portfolio
8.14.5 Business performance
8.14.6 Key strategic moves and developments
8.15 TOTAL ENERGIES
8.15.1 Company overview
8.15.2 Company snapshot
8.15.3 Operating business segments
8.15.4 Product portfolio
8.15.5 Business performance
8.15.6 Key strategic moves and developments

List of Tables
Table 1. Global White Oil Market, by Grade, 2021-2031 ($Million)
Table 2. Global White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 3. White Oil Market, for Technical, by Region, 2021-2031 ($Million)
Table 4. White Oil Market, for Technical, by Region, 2021-2031 (Kiloton)
Table 5. White Oil Market for Technical, by Country, 2021-2031 ($Million)
Table 6. White Oil Market for Technical, by Country, 2021-2031 (Kiloton)
Table 7. White Oil Market, for Pharmaceutical, by Region, 2021-2031 ($Million)
Table 8. White Oil Market, for Pharmaceutical, by Region, 2021-2031 (Kiloton)
Table 9. White Oil Market for Pharmaceutical, by Country, 2021-2031 ($Million)
Table 10. White Oil Market for Pharmaceutical, by Country, 2021-2031 (Kiloton)
Table 11. Global White Oil Market, by Application, 2021-2031 ($Million)
Table 12. Global White Oil Market, by Application, 2021-2031 (Kiloton)
Table 13. White Oil Market, for Plastic and Polymer, by Region, 2021-2031 ($Million)
Table 14. White Oil Market, for Plastic and Polymer, by Region, 2021-2031 (Kiloton)
Table 15. White Oil Market for Plastic and Polymer, by Country, 2021-2031 ($Million)
Table 16. White Oil Market for Plastic and Polymer, by Country, 2021-2031 (Kiloton)
Table 17. White Oil Market, for Pharmaceuticals, by Region, 2021-2031 ($Million)
Table 18. White Oil Market, for Pharmaceuticals, by Region, 2021-2031 (Kiloton)
Table 19. White Oil Market for Pharmaceuticals, by Country, 2021-2031 ($Million)
Table 20. White Oil Market for Pharmaceuticals, by Country, 2021-2031 (Kiloton)
Table 21. White Oil Market, for Food Industry, by Region, 2021-2031 ($Million)
Table 22. White Oil Market, for Food Industry, by Region, 2021-2031 (Kiloton)
Table 23. White Oil Market for Food Industry, by Country, 2021-2031 ($Million)
Table 24. White Oil Market for Food Industry, by Country, 2021-2031 (Kiloton)
Table 25. White Oil Market, for Personal Care and Cosmetics, by Region, 2021-2031 ($Million)
Table 26. White Oil Market, for Personal Care and Cosmetics, by Region, 2021-2031 (Kiloton)
Table 27. White Oil Market for Personal Care and Cosmetics, by Country, 2021-2031 ($Million)
Table 28. White Oil Market for Personal Care and Cosmetics, by Country, 2021-2031 (Kiloton)
Table 29. White Oil Market, for Textiles, by Region, 2021-2031 ($Million)
Table 30. White Oil Market, for Textiles, by Region, 2021-2031 (Kiloton)
Table 31. White Oil Market for Textiles, by Country, 2021-2031 ($Million)
Table 32. White Oil Market for Textiles, by Country, 2021-2031 (Kiloton)
Table 33. White Oil Market, for Others, by Region, 2021-2031 ($Million)
Table 34. White Oil Market, for Others, by Region, 2021-2031 (Kiloton)
Table 35. White Oil Market for Others, by Country, 2021-2031 ($Million)
Table 36. White Oil Market for Others, by Country, 2021-2031 (Kiloton)
Table 37. White Oil Market, by Region, 2021-2031 ($Million)
Table 38. White Oil Market, by Region, 2021-2031 (Kiloton)
Table 39. North America White Oil Market, by Grade, 2021-2031 ($Million)
Table 40. North America White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 41. North America White Oil Market, by Application, 2021-2031 ($Million)
Table 42. North America White Oil Market, by Application, 2021-2031 (Kiloton)
Table 43. North America White Oil Market, by Country, 2021-2031 ($Million)
Table 44. North America White Oil Market, by Country, 2021-2031 (Kiloton)
Table 45. U.S. White Oil Market, by Grade, 2021-2031 ($Million)
Table 46. U.S. White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 47. U.S. White Oil Market, by Application, 2021-2031 ($Million)
Table 48. U.S. White Oil Market, by Application, 2021-2031 (Kiloton)
Table 49. Canada White Oil Market, by Grade, 2021-2031 ($Million)
Table 50. Canada White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 51. Canada White Oil Market, by Application, 2021-2031 ($Million)
Table 52. Canada White Oil Market, by Application, 2021-2031 (Kiloton)
Table 53. Mexico White Oil Market, by Grade, 2021-2031 ($Million)
Table 54. Mexico White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 55. Mexico White Oil Market, by Application, 2021-2031 ($Million)
Table 56. Mexico White Oil Market, by Application, 2021-2031 (Kiloton)
Table 57. Europe White Oil Market, by Grade, 2021-2031 ($Million)
Table 58. Europe White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 59. Europe White Oil Market, by Application, 2021-2031 ($Million)
Table 60. Europe White Oil Market, by Application, 2021-2031 (Kiloton)
Table 61. Europe White Oil Market, by Country, 2021-2031 ($Million)
Table 62. Europe White Oil Market, by Country, 2021-2031 (Kiloton)
Table 63. Germany White Oil Market, by Grade, 2021-2031 ($Million)
Table 64. Germany White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 65. Germany White Oil Market, by Application, 2021-2031 ($Million)
Table 66. Germany White Oil Market, by Application, 2021-2031 (Kiloton)
Table 67. UK White Oil Market, by Grade, 2021-2031 ($Million)
Table 68. UK White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 69. UK White Oil Market, by Application, 2021-2031 ($Million)
Table 70. UK White Oil Market, by Application, 2021-2031 (Kiloton)
Table 71. France White Oil Market, by Grade, 2021-2031 ($Million)
Table 72. France White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 73. France White Oil Market, by Application, 2021-2031 ($Million)
Table 74. France White Oil Market, by Application, 2021-2031 (Kiloton)
Table 75. Spain White Oil Market, by Grade, 2021-2031 ($Million)
Table 76. Spain White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 77. Spain White Oil Market, by Application, 2021-2031 ($Million)
Table 78. Spain White Oil Market, by Application, 2021-2031 (Kiloton)
Table 79. Italy White Oil Market, by Grade, 2021-2031 ($Million)
Table 80. Italy White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 81. Italy White Oil Market, by Application, 2021-2031 ($Million)
Table 82. Italy White Oil Market, by Application, 2021-2031 (Kiloton)
Table 83. Rest of Europe White Oil Market, by Grade, 2021-2031 ($Million)
Table 84. Rest of Europe White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 85. Rest of Europe White Oil Market, by Application, 2021-2031 ($Million)
Table 86. Rest of Europe White Oil Market, by Application, 2021-2031 (Kiloton)
Table 87. Asia-Pacific White Oil Market, by Grade, 2021-2031 ($Million)
Table 88. Asia-Pacific White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 89. Asia-Pacific White Oil Market, by Application, 2021-2031 ($Million)
Table 90. Asia-Pacific White Oil Market, by Application, 2021-2031 (Kiloton)
Table 91. Asia-Pacific White Oil Market, by Country, 2021-2031 ($Million)
Table 92. Asia-Pacific White Oil Market, by Country, 2021-2031 (Kiloton)
Table 93. China White Oil Market, by Grade, 2021-2031 ($Million)
Table 94. China White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 95. China White Oil Market, by Application, 2021-2031 ($Million)
Table 96. China White Oil Market, by Application, 2021-2031 (Kiloton)
Table 97. India White Oil Market, by Grade, 2021-2031 ($Million)
Table 98. India White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 99. India White Oil Market, by Application, 2021-2031 ($Million)
Table 100. India White Oil Market, by Application, 2021-2031 (Kiloton)
Table 101. Japan White Oil Market, by Grade, 2021-2031 ($Million)
Table 102. Japan White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 103. Japan White Oil Market, by Application, 2021-2031 ($Million)
Table 104. Japan White Oil Market, by Application, 2021-2031 (Kiloton)
Table 105. South Korea White Oil Market, by Grade, 2021-2031 ($Million)
Table 106. South Korea White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 107. South Korea White Oil Market, by Application, 2021-2031 ($Million)
Table 108. South Korea White Oil Market, by Application, 2021-2031 (Kiloton)
Table 109. Australia White Oil Market, by Grade, 2021-2031 ($Million)
Table 110. Australia White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 111. Australia White Oil Market, by Application, 2021-2031 ($Million)
Table 112. Australia White Oil Market, by Application, 2021-2031 (Kiloton)
Table 113. Rest of Asia-Pacific White Oil Market, by Grade, 2021-2031 ($Million)
Table 114. Rest of Asia-Pacific White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 115. Rest of Asia-Pacific White Oil Market, by Application, 2021-2031 ($Million)
Table 116. Rest of Asia-Pacific White Oil Market, by Application, 2021-2031 (Kiloton)
Table 117. LAMEA White Oil Market, by Grade, 2021-2031 ($Million)
Table 118. LAMEA White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 119. LAMEA White Oil Market, by Application, 2021-2031 ($Million)
Table 120. LAMEA White Oil Market, by Application, 2021-2031 (Kiloton)
Table 121. LAMEA White Oil Market, by Country, 2021-2031 ($Million)
Table 122. LAMEA White Oil Market, by Country, 2021-2031 (Kiloton)
Table 123. Brazil White Oil Market, by Grade, 2021-2031 ($Million)
Table 124. Brazil White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 125. Brazil White Oil Market, by Application, 2021-2031 ($Million)
Table 126. Brazil White Oil Market, by Application, 2021-2031 (Kiloton)
Table 127. Saudi Arabia White Oil Market, by Grade, 2021-2031 ($Million)
Table 128. Saudi Arabia White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 129. Saudi Arabia White Oil Market, by Application, 2021-2031 ($Million)
Table 130. Saudi Arabia White Oil Market, by Application, 2021-2031 (Kiloton)
Table 131. South Africa White Oil Market, by Grade, 2021-2031 ($Million)
Table 132. South Africa White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 133. South Africa White Oil Market, by Application, 2021-2031 ($Million)
Table 134. South Africa White Oil Market, by Application, 2021-2031 (Kiloton)
Table 135. Rest of LAMEA White Oil Market, by Grade, 2021-2031 ($Million)
Table 136. Rest of LAMEA White Oil Market, by Grade, 2021-2031 (Kiloton)
Table 137. Rest of LAMEA White Oil Market, by Application, 2021-2031 ($Million)
Table 138. Rest of LAMEA White Oil Market, by Application, 2021-2031 (Kiloton)
Table 139. Adinath Chemicals: Company Snapshot
Table 140. Adinath Chemicals: Operating Segments
Table 141. Adinath Chemicals: Product Portfolio
Table 142. Adinath Chemicals: Net Sales
Table 143. Adinath Chemicals: Key Strategies
Table 144. Asian Oil Company: Company Snapshot
Table 145. Asian Oil Company: Operating Segments
Table 146. Asian Oil Company: Product Portfolio
Table 147. Asian Oil Company: Net Sales
Table 148. Asian Oil Company: Key Strategies
Table 149. Castrol Limited: Company Snapshot
Table 150. Castrol Limited: Operating Segments
Table 151. Castrol Limited: Product Portfolio
Table 152. Castrol Limited: Net Sales
Table 153. Castrol Limited: Key Strategies
Table 154. Chevron Usa Inc.: Company Snapshot
Table 155. Chevron Usa Inc.: Operating Segments
Table 156. Chevron Usa Inc.: Product Portfolio
Table 157. Chevron Usa Inc.: Net Sales
Table 158. Chevron Usa Inc.: Key Strategies
Table 159. China Petroleum & Chemical Corporation (Sinopec): Company Snapshot
Table 160. China Petroleum & Chemical Corporation (Sinopec): Operating Segments
Table 161. China Petroleum & Chemical Corporation (Sinopec): Product Portfolio
Table 162. China Petroleum & Chemical Corporation (Sinopec): Net Sales
Table 163. China Petroleum & Chemical Corporation (Sinopec): Key Strategies
Table 164. Eastman Chemical Company: Company Snapshot
Table 165. Eastman Chemical Company: Operating Segments
Table 166. Eastman Chemical Company: Product Portfolio
Table 167. Eastman Chemical Company: Net Sales
Table 168. Eastman Chemical Company: Key Strategies
Table 169. Exxon Mobil Corporation: Company Snapshot
Table 170. Exxon Mobil Corporation: Operating Segments
Table 171. Exxon Mobil Corporation: Product Portfolio
Table 172. Exxon Mobil Corporation: Net Sales
Table 173. Exxon Mobil Corporation: Key Strategies
Table 174. Lanxess: Company Snapshot
Table 175. Lanxess: Operating Segments
Table 176. Lanxess: Product Portfolio
Table 177. Lanxess: Net Sales
Table 178. Lanxess: Key Strategies
Table 179. Lodha Petro: Company Snapshot
Table 180. Lodha Petro: Operating Segments
Table 181. Lodha Petro: Product Portfolio
Table 182. Lodha Petro: Net Sales
Table 183. Lodha Petro: Key Strategies
Table 184. Nandan Petrochem Ltd.: Company Snapshot
Table 185. Nandan Petrochem Ltd.: Operating Segments
Table 186. Nandan Petrochem Ltd.: Product Portfolio
Table 187. Nandan Petrochem Ltd.: Net Sales
Table 188. Nandan Petrochem Ltd.: Key Strategies
Table 189. Renkert Oil: Company Snapshot
Table 190. Renkert Oil: Operating Segments
Table 191. Renkert Oil: Product Portfolio
Table 192. Renkert Oil: Net Sales
Table 193. Renkert Oil: Key Strategies
Table 194. Royal Dutch Shell PLC: Company Snapshot
Table 195. Royal Dutch Shell PLC: Operating Segments
Table 196. Royal Dutch Shell PLC: Product Portfolio
Table 197. Royal Dutch Shell PLC: Net Sales
Table 198. Royal Dutch Shell PLC: Key Strategies
Table 199. Savita Oil Technologies Limited: Company Snapshot
Table 200. Savita Oil Technologies Limited: Operating Segments
Table 201. Savita Oil Technologies Limited: Product Portfolio
Table 202. Savita Oil Technologies Limited: Net Sales
Table 203. Savita Oil Technologies Limited: Key Strategies
Table 204. Sonneborn LLC: Company Snapshot
Table 205. Sonneborn LLC: Operating Segments
Table 206. Sonneborn LLC: Product Portfolio
Table 207. Sonneborn LLC: Net Sales
Table 208. Sonneborn LLC: Key Strategies
Table 209. Total Energies: Company Snapshot
Table 210. Total Energies: Operating Segments
Table 211. Total Energies: Product Portfolio
Table 212. Total Energies: Net Sales
Table 213. Total Energies: Key Strategies

List of Figures
Figure 1. White Oil Market Segmentation
Figure 2. White Oil Market, 2021-2031
Figure 3. White Oil Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. White Oil Mark.:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Value Chain Analysis
Figure 14. Key Regulation Analysis
Figure 15. Patent Analysis by Company
Figure 16. Patent Analysis by Country
Figure 17. White Oil Market, By Grade, 2021(%)
Figure 18. Comparative Share Analysis of Technical White Oil Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Pharmaceutical White Oil Market, 2021-2031(%)
Figure 20. White Oil Market, By Application, 2021(%)
Figure 21. Comparative Share Analysis of Plastic and Polymer White Oil Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Pharmaceuticals White Oil Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Food Industry White Oil Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Personal Care and Cosmetics White Oil Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Textiles White Oil Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Others White Oil Market, 2021-2031(%)
Figure 27. White Oil Market by Region, 2021
Figure 28. U.S. White Oil Market, 2021-2031($Million)
Figure 29. Canada White Oil Market, 2021-2031($Million)
Figure 30. Mexico White Oil Market, 2021-2031($Million)
Figure 31. Germany White Oil Market, 2021-2031($Million)
Figure 32. Uk White Oil Market, 2021-2031($Million)
Figure 33. France White Oil Market, 2021-2031($Million)
Figure 34. Spain White Oil Market, 2021-2031($Million)
Figure 35. Italy White Oil Market, 2021-2031($Million)
Figure 36. Rest of Europe White Oil Market, 2021-2031($Million)
Figure 37. China White Oil Market, 2021-2031($Million)
Figure 38. India White Oil Market, 2021-2031($Million)
Figure 39. Japan White Oil Market, 2021-2031($Million)
Figure 40. South Korea White Oil Market, 2021-2031($Million)
Figure 41. Australia White Oil Market, 2021-2031($Million)
Figure 42. Rest of Asia-Pacific White Oil Market, 2021-2031($Million)
Figure 43. Brazil White Oil Market, 2021-2031($Million)
Figure 44. Saudi Arabia White Oil Market, 2021-2031($Million)
Figure 45. South Africa White Oil Market, 2021-2031($Million)
Figure 46. Rest of LAMEA White Oil Market, 2021-2031($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Adinath Chemical.: Net Sales, ($Million)
Figure 54. Asian Oil Compan.: Net Sales, ($Million)
Figure 55. Castrol Limite.: Net Sales, ($Million)
Figure 56. Chevron Usa Inc.: Net Sales, ($Million)
Figure 57. China Petroleum & Chemical Corporation (Sinopec.: Net Sales, ($Million)
Figure 58. Eastman Chemical Compan.: Net Sales, ($Million)
Figure 59. Exxon Mobil Corporatio.: Net Sales, ($Million)
Figure 60. Lanxes.: Net Sales, ($Million)
Figure 61. Lodha Petr.: Net Sales, ($Million)
Figure 62. Nandan Petrochem Ltd.: Net Sales, ($Million)
Figure 63. Renkert Oi.: Net Sales, ($Million)
Figure 64. Royal Dutch Shell pl.: Net Sales, ($Million)
Figure 65. Savita Oil Technologies Limite.: Net Sales, ($Million)
Figure 66. Sonneborn LL.: Net Sales, ($Million)
Figure 67. Total Energie.: Net Sales, ($Million)

Executive Summary

According to the report, “White Oil Market," the white oil market was valued at $2.2 billion in 2021, and is estimated to reach $3.1 billion by 2031, growing at a CAGR of 3.7% from 2022 to 2031.

White oil or white mineral oil is a colorless, tasteless, and odorless oil that is hydrogenated and separated into paraffin, naphthenes and aromatics by adsorption on a solid adsorbent. It is widely used as catalyst carrier, lubricant, and anti-rust agent in textiles, plastic & polymer manufacturing, food packaging, and others.

An increase in the severity of diseases has led the pharmaceutical sector to witness significant growth where white oil is used for producing various medicinal formulations. In addition, increasing awareness toward skincare, beauty, and lifestyle has surged the demand for personal care & cosmetic products where white oil is used in various cosmetic formulations. These factors are predicted to contribute toward global market growth.

However, the high costs associated with the formulation of white oil in personal care products, unavailability of quality white oil, volatility in prices of white oil, and others are few of the restraints that may hamper the growth of the white oil market during the forecast period. On the contrary, the increasing trend toward packaging food products is anticipated to open up new opportunities for the white oil market in the coming future.

The white oil market is segmented on the basis of grade, application, and region. By grade, the market is segregated into technical, and pharmaceutical. The pharmaceuticals grade segment dominated the global market in terms of revenue in 2021, with 55.6% of the total share. Pharmaceutical/medicinal grade white oil is a highly saturated paraffin oil that is free of aromatic hydrocarbons. It is widely used in medicinal applications for producing various pharmaceutical formulations. Furthermore, pharmaceutical grade white oil finds application in producing various personal care products such as baby oil, suntan oils, hair products, creams & lotions, and others.

By application, the market is divided into plastic & polymer, pharmaceuticals, the food industry, personal care & cosmetics, textiles, and others. The pharmaceuticals segment dominated the global market in terms of revenue in 2021, with 33.1% of the total share. This is attributed to increasing in the severity of diseases which in turn has surged the R&D activities in the pharmaceutical sector where white oil is widely used to produce various medicinal formulations. Furthermore, both developed and developing economies have increased their spending for the development of the pharmaceutical sector which in turn may surge the demand for white oil for producing a wide range of pharmaceutical formulations.

Region-wise, the white oil market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific white oil market is projected to grow at the highest CAGR during the forecast period, and accounted for a major white oil market share in 2021, owing to the fact that China's food packaging sector is increasing rapidly which has forced the white oil manufacturers to increase their manufacturing capacities. Furthermore, the personal hygiene & beauty sector in India is witnessing significant growth owing to an increasing number of newborns and a rise in awareness regarding self-beauty and self-grooming activities where white oil is widely used to produce various cosmetic formulations such as baby oils, creams & shampoos, suntan oils, and others.

Key players operating in the global white oil market include Adinath Chemicals, Asian Oil Company, Castrol Limited, Chevron USA Inc., China Petroleum & Chemical Corporation (Sinopec), Eastman Chemical Company, Exxon Mobil Corporation, Lanxess, Lodha Petro, Nandan Petrochem Ltd., RENKERT OIL, Royal Dutch Shell Plc, Savita, Sonneborn LLC, and TOTAL ENERGIES.

COVID-19 analysis

The white oil market was negatively impacted due to the wake of the COVID-19 pandemic. However, the pharmaceutical sectors have shown impressive growth during the COVID-19 period where pharmaceutical grade white oil is used for producing various medicinal formulations. For instance, according to a report published by India Brand Equity Foundation, the pharmaceutical sector is expected to reach $372 billion by 2022, driven by rising health awareness and increasing income. This may enhance the performance of the white oil market post-COVID-19 period.

Furthermore, factors such as rise in disposable income and healthy eating habits have led the food industry to recover rapidly post COVID-19 period where white oil is used to soften the food packaging items. Furthermore, increasing popularity of white oil as a food grade lubricant among key food producing players such as Nestle, Parle, and others may surge the demand for white oil in the food industry.

Key Findings of the Study

  • By grade, the pharmaceutical grade segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 3.9% from 2021 to 2031.
  • By application, the pharmaceuticals application segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 4.1% from 2021 to 2031.
  • By region, Asia-Pacific garnered the highest share of 51.2% in 2021, in terms of revenue, growing at a CAGR of 4.1%.

Companies Mentioned

  • Adinath Chemicals
  • Asian Oil Company
  • Castrol Limited
  • Chevron USA Inc.
  • China Petroleum & Chemical Corporation (Sinopec)
  • Eastman Chemical Company
  • Exxon Mobil Corporation
  • Lanxess
  • Lodha Petro
  • Nandan Petrochem Ltd.
  • RENKERT OIL
  • Royal Dutch Shell Plc
  • Savita Oil Technologies Limited
  • Sonneborn LLC
  • TOTAL ENERGIES

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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