White Oil Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Application (Personal Care & Cosmetics, Pharmaceuticals, Food & Beverage, Others), By Region and Competition

  • Industry : Chemicals
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Summary

Report Description

Global rise in health awareness among people is expected to register an impressive growth of Global White Oil Market during the forecast period. As per the report published by India Brand Equity Foundation, the pharmaceutical sector is expected to reach $372 billion by 2022, driven by rise in healthcare and increasing income.

White oils are mineral oils made non-toxic, colorless, odorless, stable, and pure after excessive refining. They are growing as one of the key ingredients in making of various moisturizers and lotions which have their application in cosmetics and other personal care products including baby cream, suntan lotions, make up removers and many more. Other names for white oil which are generally used in the market are liquid paraffin, paraffin oil, liquid petroleum, and paraffinum perliquidum.

Development in Pharmaceutical and Cosmetics Industry

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. White oils are obtained in pure form after distillation with improved viscosity/temperature characteristics, it makes them suitable for various cosmetic applications such as hair products, beauty creams and skin lotions which is further driving the market. The ability of white oils being applied at different viscosity levels in various other healthcare and medicinal products are more likely to propel the growth of Global White Oil Market in upcoming years. According to American Academy of Dermatology Association, it has been reported that almost 50 million Americans are affected by acne every year. Among them approximately 85 percent of people are of 12-24 years age group and 15 percent of adult women are suffering from severe acne conditions. Dermatologists believe that most skin rashes and skin diseases can be cured by using white oil which is available in the form of petroleum jelly in the market, fueling the market growth.

Rapidly Growing Food and Beverage Industry

Development of healthy eating habits among people all over the world has increased the utility of packaged food items. White oil is applied on the food packets to soften the polymeric packaging material and can be used in bakery pan oils and food grade lubricants. 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 in recent times which is expected to bolster the growth of Global White Oil Market in the forecast period.

Increasing Demand in Agricultural Industry

Due to non-harmful properties and non-toxic nature, white oil is majorly used in agricultural industry for production of spray oils to protect and treat fruit trees. Several other key factors of white oil such as protecting the crops and plants from insects without sun damage, treatment of grain to limit dust hazards without compromising with its quality, maintaining a secure working environment for silo operators, and maintaining the color stability of animal feeds can further boost the growth of Global White Oil Market in upcoming years. As per the study reported by Environmental Science and Pollution Research in 2022, in field trials 5-year-old citrus trees were infested by the citrus leafminer. Phyllocnistis citrella Stainton was sprayed along with petroleum oils and imidacloprid, chlorpyrifos, and abamectin with different concentration of insecticide added in 100 liters of water (0.1–0.9% v/v) ranging from 100 to 900ml. As a result, considerable damage reduction was observed despite of the insecticide used but the obtained results were comparable only when oils were applied at a rate of ≥ 0.65% v/v in water. Therefore, this improving factor added to the agriculture/horticulture industry after application of white oil is expected to drive growth of the market.  

Development in Textile Industry

Use of white oil plays a major role in textile industry as it behaves as a fiber lubricant and can be used as an oil for sewing machine and yarn lubrication. Moreover, it provides the oxidative stability to the materials which decreases the chances of staining, helping further in pulverization of cotton bales and manufacturing of wool which can further boost the growth of Global White Oil Market in upcoming years.


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Market Segmentation

Global White Oil Market is segmented based on application, company, and region. In terms of application, the White Oil Market is categorized into personal care & cosmetics, pharmaceuticals, food & beverage, and others.

Market Players

China Petroleum & Chemical Corporation, ExxonMobil Corporation, Renkert Oil, Inc., BP p.l.c., Petro-Canada Corporation, S-Oil Corporation, Sasol Limited, Nynas AB, JX Nippon Oil & Energy Corporation, Royal Dutch Shell NV are some of the major market players.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2018 – 2028F

Quantitative Units

Revenue in USD Million, Volume in tons and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, Volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Application

Regional scope

North America; Asia Pacific; Europe; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia;

Key companies profiled

China Petroleum & Chemical Corporation, ExxonMobil Corporation, Renkert Oil, Inc., BP p.l.c., Petro-Canada Corporation, S-Oil Corporation, Sasol Limited, Nynas AB, JX Nippon Oil & Energy Corporation, Royal Dutch Shell NV

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Global White Oil has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • White Oil Market, By Application:

o   Personal Care & Cosmetics

o   Pharmaceuticals

o   Food & Beverage

o   Others

  • Global White Oil Market, By region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Australia
      • Japan
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global 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).
Global White Oil Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Global White Oil Market

5.    Global White Oil Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Application (Personal Care & Cosmetics, Pharmaceuticals, Food & Beverage, Others)

5.2.2.     By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.3.     By Company (2022)

5.3.  Market Map

5.3.1.     By Application

5.3.2.     By Region

5.4.  Pricing Analysis

6.    Europe White Oil Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Application

6.2.2.     By Region

6.3.  Pricing Analysis

6.4.  Europe: Country Analysis

6.4.1.     France White Oil Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value & Volume

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.            By Application

6.4.2.     Germany White Oil Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value & Volume

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.            By Application

6.4.3.     United Kingdom White Oil Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value & Volume

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.            By Application

6.4.4.     Italy White Oil Market Outlook

6.4.4.1.         Market Size & Forecast

6.4.4.1.1.             By Value & Volume

6.4.4.2.         Market Share & Forecast

6.4.4.2.1.            By Application

6.4.5.     Spain White Oil Market Outlook

6.4.5.1.         Market Size & Forecast

6.4.5.1.1.             By Value & Volume

6.4.5.2.         Market Share & Forecast

6.4.5.2.1.            By Application

7.    Asia-Pacific White Oil Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Application

7.2.2.     By Region

7.3.  Pricing Analysis

7.4.  Asia-Pacific: Country Analysis

7.4.1.     China White Oil Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.            By Application

7.4.2.     India White Oil Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.            By Application

7.4.3.     Japan White Oil Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.            By Application

7.4.4.     South Korea White Oil Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & Volume

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.            By Application

7.4.5.     Australia White Oil Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value & Volume

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.            By Application

8.    North America White Oil Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Application

8.2.2.     By Region

8.3.  Pricing Analysis

8.4.  North America: Country Analysis

8.4.1.     United States White Oil Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.            By Application

8.4.2.     Canada White Oil Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.            By Application

8.4.3.     Mexico White Oil Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.            By Application

9.    South America White Oil Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Application

9.2.2.     By Region

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.     Brazil White Oil Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.            By Application

9.4.2.     Argentina White Oil Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.            By Application

9.4.3.       Colombia White Oil Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.            By Application

10.  Middle East and Africa White Oil Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Application

10.2.2.  By Region

10.3.              Pricing Analysis

10.4.              MEA: Country Analysis

10.4.1.  Saudi Arabia White Oil Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.          By Application

10.4.2.  UAE White Oil Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.          By Application

10.4.3.     South Africa White Oil Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Application

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Global White Oil Market: SWOT Analysis

14.  Porter’s Five Forces Analysis

14.1.              Competition in the Industry

14.2.              Potential of New Entrants

14.3.              Power of Suppliers

14.4.              Power of Customers

14.5.              Threat of Substitute Products

15.  Competitive Landscape

15.1.              Business Overview

15.2.              Company Snapshot

15.3.              Products & Services

15.4.              Financials (As Reported)

15.5.              Recent Developments

15.6.              SWOT Analysis

15.6.1.     China Petroleum & Chemical Corporation

15.6.2.     ExxonMobil Corporation

15.6.3.     Renkert Oil, Inc.

15.6.4.     BP p.l.c.

15.6.5.     Petro-Canada Corporation

15.6.6.     S-Oil Corporation

15.6.7.     Sasol Limited

15.6.8.     Nynas AB

15.6.9.     JX Nippon Oil & Energy Corporation

15.6.10.  Royal Dutch Shell NV

16.  Strategic Recommendations

17.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Growing personal healthcare and pharmaceutical advancements in the industry are driving the demand for the Global White Oil Market.

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China Petroleum & Chemical Corporation, ExxonMobil Corporation, Renkert Oil, Inc., BP p.l.c., Petro-Canada Corporation, S-Oil Corporation, Sasol Limited, Nynas AB, JX Nippon Oil & Energy Corporation, Royal Dutch Shell NV are some of the key players operating in the Global White Oil Market.

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The major factors such as growing preference of applying white oil in food and beverage industry for maintaining the appearance and freshness of several food products are affecting the growth of the Global White Oil Market in the forecast period.

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The Asia-Pacific region is dominating the market and is expected to maintain its dominance over the next five years due to the need for the product in the growing pharmaceutical industry.

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May, 2023

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