Global White Oil Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Mn in the forecast period. The global White Oil Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global White Oil Market report also provides trends by market segments, technology, and investment with a competitive landscape.
Global White Oil Market Overview:
White oil is greatly used as insecticide spray to inhibit the growth of a large number of insect pests in the garden. This mechanism of insecticide spray is by blocking the breathing pores of insects and this leads to suffocation and death. White oil is also effective in controlling mealybug, mites, aphids, scale, citrus leaf miner, and smooth-skinned caterpillars. White oil is obtained from paraffinic or naphthenic bases-stock from refineries industries. White oil is highly pure, stable, non-toxic, and odorless.
Global White Oil Market Dynamics:
The global White oil market was valued at USD 1340 million in the year 2019 and is anticipated to grow with a CAGR of 3.4% in the forecast period 2020-2026. White oil is greatly used as a blending base in the pharmaceutical industry and cosmetic products. The demand for special petrochemical and refined oil product is growing and employed by the various end-user industry as white oil is versatile mineral oil. As white oil is majorly employed by the cosmetic and pharmaceutical industry the growth in the industry is boosting the consumption of white oil in the market. White oil is also used in plastic manufacturing, food service cups, and packaging, as white oil is used in rubber softening and polymer products. Besides, rising demand for personal care products and cosmetics is driving the market growth of the white oil market. Due to the high demand market players are gaining more opportunities to invest and generate revenues. Further, the fluctuating price of oil is likely to hamper the growth of the market in the forecast period.
Global White Oil Market Segment Analysis:
The pharmaceutical sector is gaining wider attraction in the application segment of the Global white oil market. White oil is majorly employed in industries like Pharmaceutical, Personal Care, Agriculture, Textile, and Adhesive. In these industries, the Pharmaceutical industry is dominating due to the wider application of white oil. In the Pharmaceutical industry white oil is used in the production of laxatives, ointments, gelatin capsules, and pomade formulas. White oil is also employed in the veterinary drug industry to produce animal vaccines. White oil is also used in the personal care industry and the industry value for 28.9 % in 2019 and cosmetics products like baby oil, creams and lotion, suntan oil, makeup removers, hair products, and bath oils. White oil is also used as a blender with coconut oil and other formulations to produce hair care products. In addition, the growing cosmetic industry and pharmaceutical industry due to wider demand and application with growing population are further boosting the demand for white oil in the forecast period. Moreover, the properties of white oil like lubricity, moisture barrier ability, and chemical inertness are further boosting the utilization in cosmetics and personal products. To know about the Research Methodology :- Request Free Sample Report
Global White Oil Market Regional Insights:
Global White Oil Market Regional Insights is segmented into North America, Asia Pacific, Latin America, Europe, Middle East, and Africa. The Asia Pacific is dominating the global white oil market due to growing pharmaceutical and cosmetic industries in the region. The Asia Pacific accounted for 53.4% market share in 2019 in terms of revenue. Moreover, the consumption of adhesives in the construction and automotive sector is fueling the market growth of white oil. White oil is also used in polymer products as they are greatly used in household product manufacturing. The dominating countries of Asia Pacific are China, Japan, India, Thailand, and South Korea further boosting the market of Asia Pacific. China is gaining more attention in the construction industry as china ranks number one in building and construction. North America is second dominating in the White oil market as the region growing in the construction industry and has a high demand for products from polymer and adhesive applications. Additionally, due to high purchasing power and huge investment by the consumers in the region in household products is motivating the market growth of white oil in the forecast period of 2020-2026. The objective of the report is to present a comprehensive analysis of the global White Oil Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global White Oil Market dynamics, structure by analyzing the market segments and project the global White Oil Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global White Oil Market make the report investor’s guide.
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Global White Oil Market, by Region
• North America • Europe • Asia Pacific • The Middle East and Africa • South America Global White Oil Market Key Player • ExxonMobil Corp. • Total SA • Honeywell, Inc. • Eni Energy • Repsol SA • Sonneborn, LLC • British Petroleum • Seo-jin Chemical Co. Ltd. • Renkert Oil Inc. • Sasol • Nynas AB • Sonneborn Inc. • Royal Dutch Shell N.V. • JX Nippon Oil Energy Corporation • Petro-Canada