White oil, also known as liquid paraffin or mineral oil, is a highly refined petroleum product that finds applications across a wide range of industries. Its unique properties and versatility have made it an indispensable component in various manufacturing processes and consumer products. In this article, we will explore the white oil market, its uses, and its significance in different sectors. The global white oil market is projected to reach USD 2.08 billion by 2027, at a CAGR of 4.7% from USD 1.58 billion in 2022, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “White Oil Market”
254 – Tables
65 – Figures
List of Key Players in White Oil Market:
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Royal Dutch Shell (Netherlands),
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ExxonMobil Corporation (US),
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Petro-Canada (Canada),
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Sasol (South Africa) and
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Renkert Oil, Inc. (US) have undertaken various strategies in the white oil market.
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White Oil Market Dynamics:
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Driver: Developing pharmaceutical industry
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Restraints: Allergic reactions to white oil
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Opportunities: Rising demand from plastic industry
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Challenges: Volatile raw material prices
White oil is a colorless, odorless, and tasteless liquid that is produced through a refining process that removes impurities and contaminants. This refinement results in a high degree of purity, making it suitable for applications where cleanliness and non-toxicity are critical factors. White oil is typically obtained from crude oil, and the refining process involves distillation, filtration, and other purification methods. One of the primary uses of white oil is in the pharmaceutical and personal care industries. It serves as an important ingredient in ointments, creams, lotions, and various cosmetic products. In the food industry, white oil plays a crucial role as a lubricant and release agent. It is used in the production of food packaging materials, such as films and coatings, to prevent sticking and ensure smooth operation of processing equipment.
The demand for white oil is driven by the growth of the industries it serves. As the pharmaceutical, personal care, food, plastics, rubber, and textile industries continue to expand, the need for white oil is expected to rise correspondingly. Additionally, stringent regulations regarding product safety and quality in these sectors further contribute to the increasing demand for high-quality white oil.
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“Based on application, adhesives are projected to grow at highest CAGR during the forecast period”
Adhesives application is projected to grow at highest CAGR during the forecast period. The increase in demand for the product as diluents for the manufacturing of hot melt and pressure-sensitive adhesives is blamed for the surge. White oil induces transparency, maintains colour stability, and is well suited to human skin, all of which are necessary for achieving the appropriate manufacturing yield of adhesives.
“Asia Pacific is expected to be the fastest growing market for white oil during the forecast period, in terms of value and volume.”
During the forecast period, Asia Pacific is projected to grow at highest CAGR, in terms of value. During the forecast period, China and India are anticipated to be the leading investment destinations in the market. This is due to the presence of a growing customer base in sectors including the pharmaceutical, personal care, and cosmetic industries. Major industrial players are also present in the region, particularly in China.
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