Global White Oil Market Outlook 2017-2022

The global white oil market size is expected to display higher growth rate by next five years. The white oil market is subject to witness a substantial growth due to the growing demand for the white oil for a wide range of applications in cosmetics, oral care sector, polymers, and medicine industry. The white oil is extensively used as a primary ingredient for the processing of various cosmetics products. Some of the critical application of the white oil also involves thermoplastics elastomers and medicines. Globally, the white oil market is predicted to generate massive revenue in the forecast period, providing numerous opportunities for market players to invest in research and development of the white oil industry. 

Increasing demand for white oil from agriculture industry, packaged food industry, and textile sector is expected to stimulate market expansion over the forecast period. White oil is increasingly used as adhesives, thus driving market demand from various end-use industries, in the recent years. In addition, availability of diverse commercial grades of the white oil is gaining popularity in pharmaceutical & medicine sector, and food & beverages industry. White oil & its derivatives are possess unique physical properties such as odorless, colorlessness, lack of taste and excellent hydrophobicity. 

Due to these properties, white oil acts as a good lubricant, softener, and a release agent. However, strict laws and regulation by regional government authorities on the large-scale manufacturing and distribution of white oil, particularly in developed economies is expected to restrain market growth to a certain extent. 

Yet, increasing demand for white oil from personal care and pharmaceutical sectors is anticipated to boost market growth over the forecast period. Numerous agriculture application of white oil is considered as one of the major driving factor for market growth, in the recent years. Increasing adoption of white oil as an addictive is expected to offer lucrative growth opportunities for industry participants in the upcoming years. 

The liquid paraffin, which is an essential ingredient of white oil, is largely used as a diluent. The liquid paraffin provides required level of transparency needed during processing of adhesive formulations. The liquid paraffin largely used during production of hot melt and pressure sensitive adhesives. White oil is used in the agricultural sector acts as a base oil, which is mixed with other nutrients and chemicals. This mixture is used to protect of crops from dust and pest. The spray oil is also used in various horticultural applications as well. These factors are anticipated to foster market growth over the forecast period. 

Personal care is considered as one of the fastest growing segment in the white oil market with substantial revenue generation in last couple of years. Growing popularity of the white oil from personal care market segment is attributed to a wide range of application in various personal care products. Increasing consummation of cosmetic & skin care products from in Asia Pacific, the Middle East region is expected to drive market growth of the personal care segment. Pharmaceutical segment also witnesses massive growth in the last couple of years. 

The white oil market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in oil & gas industry, presence of reliable distribution networking, and existence of well-established industrial infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the white oil market with massive growth in forecast period. 

Countries such as India, China and Malaysia are leading the Asia-Pacific market with increasing consumer spending on luxury and skin care products, improved living standards, rising consumption of white oil from polymers and adhesives sectors, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the white oil market are Sinopec Co., Exxon Mobil Co., British Petroleum plc, Renkert Oil Incorporations, Sonneborn Incorporations, Seojin Chemical Co., Ltd., Nynas AB, Petro-Canada, Inc., Royal Dutch Shell N.V., Sasol Ltd., and JX Nippon Oil & Energy Co.

The global market for white oil will grow at a CAGR of 2.9% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (textile auxiliaries, solvent naphtha, resins & cohesives, lubricants, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the white oil market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the white oil market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the white oil market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global white oil market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the textile auxiliaries, solvent naphtha, resins & cohesives, lubricants, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global white oil market.

Key Applications
- Textile Auxiliaries
- Solvent Naphtha
- Resins & Cohesives
- Lubricants

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Calumet
- CNPC Group
- ExxonMobil
- JX Nippon Oil & Energy
- Nynas
- Petro-Canada
- Sasol
- Sinopec Group
- request free sample to get a complete list of companies

Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global white oil market?
- What are the challenges to market growth?
- Who are the key players in the white oil market?
- What are the market opportunities and threats faced by the key players?