Malaysia white oil market is anticipated to grow significantly
rate in the projected period of 2028 which is driven by the increasing demand from personal care & cosmetic sector.
In 2021, 92.1% sales of beauty and personal care product occurred offline in
Malaysia.
Malaysia white oil market is
expected to expand during the projected period due to increasing demand from personal
care & cosmetic sector as it is utilized as a base ingredient and as an
emollient during the processing of various personal care products such as
cosmetics, skincare creams, moisturizers, baby products, body lotions, hair
oils, shampoos, fragrances, and water-resistant creams. Along with this, white
oil plays a vital role in pharmaceuticals industry due to its excellent
miscibility property and hence it is used as a base for most of the ointments
which are frequently applied in case of skin burns, scars, cuts, and others. Moreover,
it can be mixed with various polymers and can be utilized for manufacturing
various chemicals which are the main components of medicines and are used for
curing specific diseases result in propelling the growth of Malaysia white oil market in the projected
period.
Malaysia white oil market is
a dynamic and competitive sector that offers opportunities for growth and
innovation. The market players are focusing on expanding their product portfolio,
enhancing their quality standards, improving their distribution network, and
increasing their market share. Along with this, merger, and acquisition
activity in the white oil market enhances companies' presence in the region as
these acquisitions help companies to better serve their customers and meet the
growing demand for White Oil in Malaysia in the forecasted period.
Growing Demand in Food &
Beverages Industry
Rising demand for healthy and
safe food among the people has increased the utility of packaged food items.
White oil is applied on the food packets to soften the polymeric packaging material
and serves as a release agent in food processing, preventing food products from
sticking to molds, trays, and surfaces during production. It enables easy
demolding and contributes to the preservation of product integrity.
Additionally, several studies on the use of white oil in food packaging have
shown that it increases the food's storage life and preserves the freshness of
various food products, including fruits, vegetables, poultry, meats, and fish.
Improvement in appearance and shelf life of food after using white oil during
its packaging have attracted many key players of packed food industry. Food
grade white oil is used as a lubricant for equipment parts that come into
direct contact with food. It ensures the safe and efficient functioning of machinery
while adhering to stringent food safety regulations.
For instance, Davor offers high purity, low-viscosity,
highly refined paraffinic process oil namely Lubtex Mineral oil (White oil) for
food processing.
Therefore, increasing
utilization of white oil in the food & beverage sector propel the demand of
the Malaysia white oil market in the upcoming years.
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Rising Demand from Pharmaceutical
& Personal Care Sector
White oil serves multiple
purposes in the pharmaceutical industry, as white oil is widely used in the
formulation of pharmaceutical products, including creams, ointments, lotions,
and gels. It serves as a base ingredient, providing a smooth and uniform
texture while ensuring optimal stability and compatibility with other active
ingredients. White oil's inert and hypoallergenic properties make it suitable
for topical applications in dermatological and skincare medications. White
oil acts as a lubricant for medical equipment, including syringes, needles, and
other devices used in healthcare settings. Its low viscosity and excellent
lubricating properties facilitate smooth and precise operation, reducing
friction and enhancing patient comfort during medical procedures. In addition
to this, white oil also used as an excipient in oral medications, serving as a
carrier for active pharmaceutical ingredients. It aids in the uniform
distribution of drugs, ensuring consistent dosing and bioavailability.
Furthermore, white oil's odorless and tasteless nature contributes to the
palatability and acceptance of oral medications by patients. Moreover, white
oil's excellent stability and resistance to oxidation make it an ideal ingredient
for extending the shelf life of pharmaceutical products. It helps protect
sensitive active ingredients from degradation caused by exposure to light,
heat, and air, ensuring the potency and effectiveness of medications over time.
This stability is particularly crucial for medications that require a longer
shelf life or need to withstand various environmental conditions.
For instance, the Malaysian government
has allocated USD 7.14 billion to the Health Ministry (MoH) for operating and
development expenditure including pharmacy and supplies.
Additionally, increasing demand
for various personal care products including grooming products and changing
consumer preferences for organic and natural products led to the demand of
natural ingredient based personal care products which is expected to result in
significant supply of mineral based white oil. Moisture resistant property of white
oil encourages cosmetic manufacturers to use this oil in personal care
products. Thus, white oil is used as a moisturizer for treating rough, dry,
scaly itchy, and other minor skin irritations. White oil is helpful for
softening polymer and rubber-based products. Also, it is used to manufacture
emollients, for penicillin production process, and in eye lubricants, as well
as this oil used in baby products, hair care products, neutral and protective diluents
for essential oils, and in other applications such as bath cubes,
antiperspirant and deodorant sticks which are expected to boost demand for
white oil in this industry.
For instance, ExxonMobil
introduced the Marcol series of white oils (Marcol 52 and Marcol 82) which are used
as a component of many cosmetic products, including cleansers, hair care
products, makeup and makeup removers.
Moreover, the plastics
industry uses low-volatility white oils to produce plastics and various other
polymers to improve and control the melt flow rate of the finished polymer to
provide release properties or change the physical characteristics. Along with
this, white oils also play a vital role in the manufacture of thermoplastic
elastomers, as elastomeric materials that can be processed without
vulcanization use white oil as an extender to facilitate fabrication,
particularly when light color or food approval is required.
Thus, increasing demand of white
oil from pharmaceutical and personal care sector dominate the growth of the Malaysia
white oil market in the forecast period.
Increasing Demand from Automotive Industry
White oil is used as a
lubricant in automotive engines, providing excellent protection against
friction and wear. Its low viscosity ensures smooth operation, reducing
internal component friction and optimizing engine performance and prolonging
the lifespan of engine parts, contributing to increased fuel efficiency and reduced
maintenance costs. This oil also used to protect metal components from
moisture, humidity, and corrosive substances, thereby preventing rust and
extending the longevity of various automotive parts, including gears, chains,
and bearings due to its excellent rust and corrosion inhibiting properties. Along
with this, white oil is employed for lubricating seals and O-rings in
automotive systems. It helps maintain seal flexibility, preventing leaks and
ensuring proper functioning of components such as gaskets, O-rings, and seals.
White oil's compatibility with various rubber and elastomeric materials makes
it suitable for these applications. Moreover, this oil is serves as a key
ingredient in polish and protectant formulations, providing a shiny and protective
coating for surfaces such as dashboards, trims, and use by tire manufacturing
industry.
For instance, Shell developed Risella X high-quality technical
white oils based on gas to liquids (GTL) technology for automobile application.
Thus, all such factors are
expected to drive the demand for white oil in the projected years.
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. Moreover, 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.
Recent Development
- In 2020, FUCHS strengthens
specialty business by acquiring the lubricants business of WELPONER SRL, Italy.
Market Segmentation
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. Based on region, the market
is segregated into East Malaysia, and West Malaysia.
Company Profiles
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, and S K Lub & Chem Sdn Bhd are some of the key players
in Malaysia white oil market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast,
Company shares, competitive landscape, growth factors, and trends
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Segments Covered
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Application
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Region Scope
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East Malaysia,
West Malaysia
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Key Companies Profiled
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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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Customization Scope
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10% free report customization with purchase. Addition
or alteration to country, regional & segment scope.
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Pricing and Purchase
Options
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Avail customized
purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
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Report Scope:
In this report, Malaysia white oil market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
- Malaysia White Oil Market, By Application:
- Personal Care & Cosmetics
- Pharmaceuticals
- Food & Beverage
- Agricultural
- Automotive
- Others
- Malaysia White Oil Market, By Region:
- East Malaysia
- West Malaysia
Competitive landscape
Company Profiles: Detailed analysis of the major companies in Malaysia
white oil market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company
Information
- Detailed analysis
and profiling of additional market players (up to five).
Malaysia white oil market is an upcoming
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confirm the date of release, please contact us at [email protected]