According to our latest market study, titled “White Oil Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Grade (Food, Pharmaceutical, and Technical), and Application (Personal Care and Cosmetics, Pharmaceutical and Healthcare, Food Industries, Plastic Processing, Agriculture, and Others),” the white oil market size is expected to grow from US$ 2030.13 million in 2021 to 2688.01 million by 2028. It is expected to grow at a CAGR of 3.7% from 2021 to 2028. The report highlights key factors governing the white oil market growth. It also profiles prominent market players, along with their developments, in the white oil market.
Expansion of Pharmaceuticals Industry Contributes to White Oil Market Growth
White oil is a highly refined mineral oil that is extremely pure, stable, colorless, odorless, non-toxic, and chemically inert. These attributes of white oil make them suitable for application that values these properties, such as pharmaceuticals, cosmetics, and chemical processing. White oils are widely used in plastic, food, pharmaceutical, and medicinal applications. In the plastic industry, it is used for polystyrene manufacturing. It is also employed for the protective packaging of fruits and vegetables, food preservatives, etc., in the food industry. Evolving consumers' lifestyles, rising purchasing power in developing countries, and quickening development of multifunctional personal care ingredients are the major factors contributing to the flourishment of the cosmetics and personal care industry. There is a huge need for high-quality ingredients, such as white oil, in North America and Europe. White oil aids the easy blending of personal care and cosmetic products.
Moreover, because of its inertness, it has application in cosmetic formulations as it resists moisture and maintains the smoothness of the products. Calumet Specialty Products Partners, L.P.; Chevron Corporation; ExxonMobil Corporation; Petro-Canada Lubricants Inc.; Renkert Oil; Atlantic Oil; Apar; Sasol; Sonneborn LLC; H AND R GROUP are the key players in the white oil market. These market players emphasize on developing high-quality and innovative products and expanding their product portfolios to address continuously evolving customer demands.
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Major Product Type of White Oil Market Research report:
- Food
- Pharmaceutical
- Technical
Application White Oil Market Research Report:
- Personal Care and Cosmetics
- Pharmaceutical and Healthcare
- Food Industries
- Plastic Processing
- Agriculture
- Others
Key Offerings:
- Market Size & Forecast by Revenue | 2028
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors.
The purposes of this analysis are:
- To characterize, portray, and check the White Oil market based on product type, application, and region.
- To estimate and inspect the size of the White Oil market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.
- To estimate and inspect the White Oil markets at country-level in every region.
- To strategically investigate every sub-market about personal development trends and its contribution to the White Oil market.
- To look at possibilities in the White Oil market for shareholder by recognizing excessive-growth segments of the market.
Key Offerings:
- Market Size & Forecast by Revenue | 2020−2028
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
White Oil Regional and Country-wise Analysis:
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)
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Top Points Covered in the Global White Oil Market:
- Industry Overview of Global White Oil Market;
- Classification, Specifications and Definition of White Oil Market Segment by Regions;
- Process and Structure
- Research Findings/Conclusion, White Oil deals channel, traders, distributors, dealer’s analysis;
- Complete Market Research, Capacity, Sales and Sales Price Analysis with Company Segment;
- Analysis of Regional Market that contains the United States, Europe, India, China, Japan, Korea & Taiwan;
- White Oil Market Analysis by Major Players, The White Oil Segment Market Analysis (by Type) and (by Application);
- Regional Market Trend Analysis, Market Trend by Product Type and by Application:
- Supply Chain Analysis, Regional Marketing Type Analysis, Global Trade Type Analysis;
- The Global White Oil industry consumers Analysis;
- Appendix and data source of White Oil market.
Market share assessments for the regional and country-level segments.
- Supply chain trends mapping the latest technological advancements.
- Strategic recommendations for the new entrants.
- Market share analysis of the top industry players.
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
- Company profiling with detailed strategies, financials, and recent developments.
- Competitive landscaping mapping the key common trends.
- Strategic recommendations in key business segments based on market estimations.
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