Malaysia White Oil Market to be Dominated by Agriculture Segment through 2028
Malaysia white oil market is expected to grow in
the forecast period, 2024-2028 due to its growing demand
from personal care & cosmetic sector.
According to TechSci Research
report, “Malaysia White Oil
Market- By Region, Competition, Forecast and Opportunities, 2028”, Malaysia white oil market size is anticipated to
increase at a substantial rate in the forecast period. A
significant factor fueling the growth of Malaysia white oil
market due to increasing demand from agriculture
sector. White oil is
commonly used as a horticultural oil for pest and disease management, and it
acts as an insecticide and miticide, suffocating and smothering pests like
aphids, mites, and scale insects as well as control fungal diseases by
suppressing spore germination and disrupting their lifecycle. In addition, its
efficacy, combined with its low toxicity to humans and beneficial insects,
makes it a valuable solution in integrated pest management strategies. Moreover,
white oil is used as a carrier for foliar fertilizers and plant nutrients. By
applying white oil-based solutions to plant leaves, growers can enhance
nutrient absorption and deliver targeted nutrition to crops. This practice,
known as foliar feeding, is particularly useful in situations where soil
nutrient deficiencies or poor uptake limit plant growth and yield result in
propels the growth of Malaysia white oil market.
For instance, ExxonMobil provides Marcol
82 white oil which is used in household insecticides, tree-protecting sprays, cattle
sprays, crop pesticides, and plant sprays.
Furthermore, the market is
being further stimulated by increasing demand from pharmaceutical, personal
care & cosmetic, food & beverage, automotive etc.
However, fluctuations in
crude oil prices can have a direct impact on the cost of producing white oil,
for maintain the quality many manufacturers must navigate these price
fluctuations result in restraining the growth of the market. Also, stinging,
burning, irritation, and redness can occur owing to direct use of white oil as
well as availability of various alternatives to white oil further slowdown the
market growth.
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Malaysia white oil
market is segmented based on application, and region.
Based on the application,
the market is categorized into personal care & cosmetics, pharmaceuticals,
food & beverage, agricultural, automotive, and others. Personal care &
cosmetics segment is expected to hold the largest market share in the forecast
period. As it is utilized as a base
ingredient and as an emollient during the processing of various personal care
products such as baby oils, bath oils, hair preparation, foundation, lipstick,
eye make-up, and creams.
Major
companies operating in the Malaysia white oil market are:
- Chevron Malaysia Limited
- ExxonMobil Exploration and Production
Malaysia Inc
- Fuchs Petrolube (Malaysia) Sdn. Bhd.
- H & R Malaysia Sdn. Bhd.
- Shell Malaysia Plc
- Davor Sdn Bhd
- Gouden Sdn Bhd
- Besller Marketing Sdn Bhd
- Excelube Marketing Sdn Bhd
- S K Lub & Chem Sdn Bhd
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“Malaysia
white oil market has seen significant growth in recent years, driven by the increasing
demand from pharmaceutical and personal care sector, as white oil is used in
drug manufacturing, which is a sub-part of pharmaceutical industry, and use as
base component to produce various cosmetic products due to its valuable
properties like hydrophobic nature and softening agent. Moreover,
increasing demand of white oil in the automotive sector for various application
like additives in engine oil, lubricating seals, O-rings is creating
huge prospects of market growth during the forecast period” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Malaysia White Oil
Market, By Application (Personal Care & Cosmetics, Pharmaceuticals, Food
& Beverage, Agricultural, Automotive, and Others), By Region, Competition,
Forecast and Opportunities, 2028”, has evaluated the future
growth potential of Malaysia white oil market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Malaysia white oil market.
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