[Research Report] The white oil market was valued at US$ 2030.13 million in 2021 and is projected to reach US$ 2688.01 million by 2028. It is expected to register a CAGR of 3.7% from 2021 to 2028.
The demand for white oil in end-use industries, such as pharmaceutical, food, personal care, and cosmetics products, is expected to boost the market significantly in the near future. Further, favorable regulatory compliance and ongoing product advancements, notably in the healthcare sector, in various regions will experience significant growth during the forecast period. Additionally, the increasing usage of polymer and adhesives in packaging has created lucrative opportunities for the white oil market during the forecast period.
Moreover, the increasing usage of the product as a lubricant in end-use industries, such as food, bakery, and textile, is anticipated to drive the white oil market significantly. Due to changing lifestyles in regions, such as North America, the rising need for fast food and bakery products is likely to fuel the demand for white oil over the next few years. It is used in dough handling and food handling machinery lubrication, which is utilized in the production of food products. White oil also has a low aromatic and sulfur content, making it ideal for blending with other oils to improve end-product finishing. All these properties of white are expected to boost the market during the forecast period.
In 2020, Asia Pacific held the largest share of the global white oil market. The major factor contributing to the growth of the market in this region is the growing demand for white oil from the personal care and cosmetics, pharmaceutical and healthcare, food industries, plastic processing, and other manufacturing industries. The most common use of white oils in India is hair oil, a component of cosmetics and personal care products. Three-fourths of the nation's usage of white oil is accounted for by the pharmaceutical and cosmetics industries combined.
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White Oil Market: Strategic Insights
Market Size Value in US$ 2030.13 Million in 2021 Market Size Value by US$ 2688.01 Million by 2028 Growth rate CAGR of 3.7% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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White Oil Market: Strategic Insights
| Market Size Value in | US$ 2030.13 Million in 2021 |
| Market Size Value by | US$ 2688.01 Million by 2028 |
| Growth rate | CAGR of 3.7% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on White Oil Market
The COVID-19 pandemic severely impacted the global market in 2020 due to disrupted supply chains of raw materials used to produce white oil. Ease in lockdown measures in several countries and resumption of operational activities in many industries helped revive the demand for white oil from 2021. In addition, the rapid pace of COVID-19 vaccination programs has been supporting the growth of the white oil market.
White Oil Market Breakdown – by Region
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Market Insights
Growth of Cosmetics and Personal Care Industry Favors White Oil Market
Increasing lifestyles of consumers, and further rise in per capita income in emerging countries, and quickening development of multifunctional personal care ingredients are the major factors contributing to the growth of white oil in cosmetics and personal care industry. White oil aids the easy blending of personal care and cosmetic products. Moreover, because of its inertness, it has application in cosmetic formulations white oil helps in resisting water and helps in maintaining the moisture the products. There is a huge need for high-quality ingredients, such as white oil, in North America and Europe.
Australia has a flourishing beauty industry. The country’s resilience and steady economic activity create an ideal environment for the progress of local and international beauty brands present in the country. According to Statista, the country's beauty and personal care market is expected to grow at a 3.10% CAGR from 2022 to 2026. The elevated consumer demand for different cosmetic products can be associated with the high disposable incomes of people in this country, the growing inclination toward self-care products, and the ability of social media to enhance the customer reach of products. Moreover, people are increasingly embracing online platforms to purchase cosmetics and skincare products. According to Statista, the Australian beauty industry’s revenue rose by 10.9% in 2022, and the industry is quickly recovering from the devastating blow of the COVID-19 pandemic.
Application Insights
Based on application, the market is segmented into personal care and cosmetics, pharmaceutical and healthcare, food, plastic processing, agriculture, and others. The personal care and cosmetics segment held a larger market share in 2021. The increasing adoption of white oil for the formulation of various cosmetic and personal care products due to its high hydrophobicity is one of the major factors driving the demand for white oil in the cosmetic industry. Additionally, white oil is utilized as a base ingredient and emollient while processing various personal care products. It is extensively consumed for manufacturing a wide range of personal care products such as cosmetics, skincare creams, moisturizers, baby products, body lotions, hair oils, shampoos, fragrances, and water-resistant creams. The product is also used to make lotions resistant to water due to its high hydrophobicity. Because of the product's inertness toward other chemicals in contact, color stability, and absence of odor, white oil is used as a softening agent or emollient in creams.
White Oil Market, by Application– 2021 and 2028
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A few key market players in the white oil market are Specialty Products Partners, L.P.; Chevron Corporation; ExxonMobil Corporation; Petro-Canada Lubricants Inc.; Renkert Oil; Atlantic Oil; Apar; Sasol; Sonneborn LLC; and H AND R GROUP. These companies provide a wide range of product portfolios for the white oil market. These companies have their presence in developing regions, which provides a lucrative opportunity for white oil. These market players are highly focused on developing high-quality, innovative products to fulfill customer requirements.
Report Spotlights
- Progressive industry trends in the white oil market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the white oil market from 2020 to 2028
- Estimation of global demand for white oil
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the white oil market
- Recent developments to understand the competitive market scenario
- Market trends and outlook and factors driving and restraining the growth of the white oil market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- The size of the white oil market at various nodes
- Detailed overview and segmentation of the market, as well as the white oil industry dynamics
- Size of the white oil market in various regions with promising growth opportunities
Grade
- Polyethylene Terephthalate
- Food
- Pharmaceutical
- Technical
Application
- Plastic Bottles
- Personal Care and Cosmetics
- Pharmaceutical and Healthcare
- Food Industries
- Plant Processing
- Plastic Processing
- Agriculture
- Others
Company Profiles
- 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Grade, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific is estimated to register the fastest CAGR in the global white oil market over the forecast period. The Asia Pacific white oil market comprises various potential economies, such as Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China, India, and other southeast Asian countries are the key markets in the region. Due to heavy investments from various manufacturers and the rise in government initiatives to support the production of different grades of white oil, the production capacity of the region is expected to increase in the coming years. For instance, Weifang Hongrun Petrochemical Technology Co. has recently awarded a contract to Chevron Lummus Global for the licensing and design of a 500,000-metric ton per year white oil hydro processing unit and a 200,000 t/y food-grade white oil unit in Shandong, China. Moreover, the cosmetics and personal care sector is one of the significantly growing sectors in the region. The cosmetics and personal care market, which includes a wide variety of industries, such as makeup, skincare, haircare, personal hygiene, and fragrances, has been experiencing growth over the last few years. Thus, stimulating the market demand for white oil in the region. In India, the most prominent application of white oils is hair oil, which is a part of the cosmetics and personal care industry. The overall cosmetics and pharmaceutical industries account for around three-fourths of the white oil consumption in the country.
The major players operating in the global white oil market are Calumet Specialty Products Partners, L.P.; Chevron Corporation; ExxonMobil Corporation; Petro-Canada Lubricants Inc.; Renkert Oil; Atlantic Oil; Apar; Sasol; Sonneborn LLC; and H AND R GROUP.
In 2022, Asia Pacific held the largest share of the global white oil market. The rise in the number of personal care and cosmetics industries would propel the demand of white oil in the region. The region is also flourishing owing to presence of manufacturing facilities and cheap labor. Japan is one of the largest producers of personal care and cosmetics products due to abundance of resources.
The pharmaceutical segment held the largest market share. Pharmaceutical grade white oil is high saturated paraffin oil, pharmaceutical grade white oil is odorless, colorless, and free form suspended particles and is widely used in pharmaceutical, medicinal, and personal care industries. White oil is used as an additive or a basic ingredient in manufacturing pharmaceuticals and personal care products such as emollients, internal lubricants, ointments, and laxatives.
The personal care and cosmetics segment held the largest market share. The increasing application of white oil for the formulation of various cosmetic and personal care products due to its high hydrophobicity is one of the major factors fueling the demand for white oil in the personal care and cosmetic industry. The product is also used to make lotions which are resistant to water owing to its high hydrophobicity. Because of the product's inertness toward other chemicals in contact, color stability, and absence of odor, white oil is used as a softening agent or emollient in creams.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 White Oil Market, by Grade
1.2.2 White Oil Market, by Application
1.2.3 White Oil Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 White Oil Market, by Grade, and Application
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. White Oil Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors
4.3.5 End-User
4.4 Expert Opinion
5. White Oil Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth of Cosmetics and Personal Care Industry
5.1.2 Expansion of Pharmaceuticals Industry
5.2 Market Restraints
5.2.1 Fluctuating Prices of Crude Oil
5.3 Market Opportunities
5.3.1 Elevating Demand as Adhesive in Food Packaging
5.4 Future Trends
5.4.1 Extensive Industrialization in Emerging Economies
5.5 Impact Analysis of Drivers and Restraints
6. White Oil – Global Market Analysis
6.1 White Oil Market Overview
6.2 White Oil Market –Revenue and Forecast to 2028 (US$ Mn)
6.3 White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
6.4 Competitive Positioning – Key Market Players
7. White Oil Market Analysis – By Grade
7.1 Overview
7.2 White Oil Market, By Grade (2021 and 2028)
7.3 Food
7.3.1 Overview
7.3.2 Food: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Food: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
7.4 Pharmaceutical
7.4.1 Overview
7.4.2 Pharmaceutical: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Pharmaceutical: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
7.5 Technical
7.5.1 Overview
7.5.2 Technical: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
7.5.3 Technical: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
8. White Oil Market Analysis – By Application
8.1 Overview
8.2 White Oil Market, By Application (2021 and 2028)
8.3 Personal Care & Cosmetics
8.3.1 Overview
8.3.2 Personal Care & Cosmetics: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Pharmaceutical & Health Care
8.4.1 Overview
8.4.2 Pharmaceutical & Health Care: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Food Industries
8.5.1 Overview
8.5.2 Food Industries: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Plastic Processing
8.6.1 Overview
8.6.2 Plastic Processing: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Agriculture
8.7.1 Overview
8.7.2 Agriculture: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
9. White Oil Market – Geographic Analysis
9.1 Overview
9.2 North America: White Oil Market
9.2.1 North America: White Oil Market – Analysis and Forecast to 2028 (US$ Million)
9.2.2 North America: White Oil Market, by Grade
9.2.3 North America: White Oil Market, by Application
9.2.4 North America: White Oil Market, by Key Country
9.2.4.1 US: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: White Oil Market, by Grade
9.2.4.1.2 US: White Oil Market, by Application
9.2.4.2 Canada: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: White Oil Market, by Grade
9.2.4.2.2 Canada: White Oil Market, by Application
9.2.4.3 Mexico: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: White Oil Market, by Grade
9.2.4.3.2 Mexico: White Oil Market, by Application
9.3 Europe: White Oil Market
9.3.1 Europe: White Oil Market – Analysis and Forecast to 2028 (US$ Million)
9.3.2 Europe: White Oil Market, by Grade
9.3.3 Europe: White Oil Market, by Application
9.3.4 Europe: White Oil Market, by Key Country
9.3.4.1 Germany: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: White Oil Market, by Grade
9.3.4.1.2 Germany: White Oil Market, by Application
9.3.4.2 France: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: White Oil Market, by Grade
9.3.4.2.2 France: White Oil Market, by Application
9.3.4.3 Italy: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: White Oil Market, by Grade
9.3.4.3.2 Italy: White Oil Market, by Application
9.3.4.4 U.K: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.4.1 U.K: White Oil Market, by Grade
9.3.4.4.2 U.K: White Oil Market, by Application
9.3.4.5 Russia: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: White Oil Market, by Grade
9.3.4.5.2 Russia: White Oil Market, by Application
9.3.4.6 Rest of Europe: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: White Oil Market, by Grade
9.3.4.6.2 Rest of Europe: White Oil Market, by Application
9.4 Asia-Pacific: White Oil Market
9.4.1 Asia-Pacific: White Oil Market – Analysis and Forecast to 2028 (US$ Million)
9.4.2 Asia-Pacific: White Oil Market, by Grade
9.4.3 Asia-Pacific: White Oil Market, by Application
9.4.4 Asia-Pacific: White Oil Market, by Key Country
9.4.4.1 Australia: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: White Oil Market, by Grade
9.4.4.1.2 Australia: White Oil Market, by Application
9.4.4.2 China: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: White Oil Market, by Grade
9.4.4.2.2 China: White Oil Market, by Application
9.4.4.3 India: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: White Oil Market, by Grade
9.4.4.3.2 India: White Oil Market, by Application
9.4.4.4 Japan: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: White Oil Market, by Grade
9.4.4.4.2 Japan: White Oil Market, by Application
9.4.4.5 South Korea: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: White Oil Market, by Grade
9.4.4.5.2 South Korea: White Oil Market, by Application
9.4.4.6 Rest of Asia-Pacific: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia-Pacific: White Oil Market, by Grade
9.4.4.6.2 Rest of Asia-Pacific: White Oil Market, by Application
9.5 Middle East and Africa: White Oil Market
9.5.1 Middle East and Africa: White Oil Market – Analysis and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: White Oil Market, by Grade
9.5.3 Middle East and Africa: White Oil Market, by Application
9.5.4 Middle East and Africa: White Oil Market, by Key Country
9.5.4.1 South Africa: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: White Oil Market, by Grade
9.5.4.1.2 South Africa: White Oil Market, by Application
9.5.4.2 Saudi Arabia: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: White Oil Market, by Grade
9.5.4.2.2 Saudi Arabia: White Oil Market, by Application
9.5.4.3 UAE: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: White Oil Market, by Grade
9.5.4.3.2 UAE: White Oil Market, by Application
9.5.4.4 Rest of the Middle East and Africa: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of the Middle East and Africa: White Oil Market, by Grade
9.5.4.4.2 Rest of the Middle East and Africa: White Oil Market, by Application
9.6 South and Central America: White Oil Market
9.6.1 South and Central America: White Oil Market – Analysis and Forecast to 2028 (US$ Million)
9.6.2 South and Central America: White Oil Market, by Grade
9.6.3 South and Central America: White Oil Market, by Application
9.6.4 South and Central America: White Oil Market, by Key Country
9.6.4.1.1 Brazil: White Oil Market, by Grade
9.6.4.1.2 Brazil: White Oil Market, by Application
9.6.4.2 Argentina: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: White Oil Market, by Grade
9.6.4.2.2 Argentina: White Oil Market, by Application
9.6.4.3 Rest of South and Central America: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South and Central America: White Oil Market, by Grade
9.6.4.3.2 Rest of South and Central America: White Oil Market, by Application
10. Impact of COVID-19
10.1 Overview – Impact of COVID-19
10.2 Impact of COVID-19 on White Oil Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.7 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Expansion & Collaboration
12. Company Profiles
12.1 Calumet Specialty Products Partners, L.P.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Chevron Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 EXXON MOBIL CORPORATION
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Petro-Canada Lubricants Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 RENKERT OIL
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ATLANTIC OIL
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 APAR
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sasol
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Sonneborn LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 H AND R GROUP
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. White Oil Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Table 3. Global White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 4. Global White Oil Market, by Grade–Volume and Forecast to 2028 (Kilo Tons)
Table 5. Global White Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 8. North America White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 9. US White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 10. US White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 11. US White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 14. Canada White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 17. Mexico White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 20. Europe White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 23. Germany White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 24. France White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 25. France White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 26. France White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 28. Italy White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 29. Italy White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 30. U.K White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 31. U.K White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 32. U.K White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 34. Russia White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 35. Russia White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Europe White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 38. Rest of Europe White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia-Pacific White Oil Market, by Grade– Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia-Pacific White Oil Market, by Grade– Volume and Forecast to 2028 (Kilo Tons)
Table 41. Asia-Pacific White Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 44. Australia White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 45. China White Oil Market, by Grade– Revenue and Forecast to 2028 (US$ Million)
Table 46. China White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 47. China White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 48. India White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 49. India White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 50. India White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 53. Japan White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 56. South Korea White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of Asia-Pacific White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of Asia-Pacific White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 59. Rest of Asia-Pacific White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 60. Middle East and Africa White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 61. Middle East and Africa White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 62. Middle East and Africa White Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 65. South Africa White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 68. Saudi Arabia White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 71. UAE White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of the Middle East and Africa White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of the Middle East and Africa White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 74. Rest of the Middle East and Africa White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 75. South and Central America White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 76. South and Central America White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 77. South and Central America White Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 78. Brazil White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 79. Brazil White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 80. Brazil White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 81. Argentina White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 83. Argentina White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 84. Rest of South and Central America White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of South and Central America White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 86. Rest of South and Central America White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 87. Glossary of Terms, Global White Oil Market
LIST OF FIGURES
Figure 1. White Oil Market Segmentation
Figure 2. White Oil Market Segmentation – By Geography
Figure 3. Global White Oil Market Overview
Figure 4. Global White Oil Market, By Application
Figure 5. Global White Oil Market, by Geography
Figure 6. Global White Oil Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis of White Oil Market
Figure 8. White Oil Market, Ecosystem
Figure 9. Expert Opinion
Figure 10. PHARMACEUTICAL INDUSTRY SALES, BY COUNTRY, 2020 (% SHARE)
Figure 11. Indian Pharmaceutical Market (US$ Billion)
Figure 12. White Oil Market Impact Analysis of Drivers and Restraints
Figure 13. Geographic Overview of White Oil Market
Figure 14. White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 15. White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 16. White Oil Market Revenue Share, By Grade (2021 and 2028)
Figure 17. Food: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Food: White Oil Market –Volume and Forecast To 2028 (Kilo Tons)
Figure 19. Pharmaceutical: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Pharmaceutical: White Oil Market –Volume and Forecast To 2028 (Kilo Tons)
Figure 21. Technical: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Technical: White Oil Market –Volume and Forecast To 2028 (Kilo Tons)
Figure 23. White Oil Market Revenue Share, By Application (2021 and 2028)
Figure 24. Personal Care & Cosmetics: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Pharmaceutical & Health Care: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Food Industries: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 27. Plastic Processing: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 28. Agriculture: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 29. Others: White Oil Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 30. Global White Oil Market Revenue Share, by Region (2021 and 2028)
Figure 31. North America: White Oil Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America: White Oil Market Revenue Share, by Grade (2021 and 2028)
Figure 33. North America: White Oil Market Revenue Share, by Application (2021 and 2028)
Figure 34. North America: White Oil Market Revenue Share, by Key Country (2021 and 2028)
Figure 35. US: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. US: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 37. Canada: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Canada: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 39. Mexico: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Mexico: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 41. Europe: White Oil Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: White Oil Market Revenue Share, by Grade (2021 and 2028)
Figure 43. Europe: White Oil Market Revenue Share, by Application (2021 and 2028)
Figure 44. Europe: White Oil Market Revenue Share, by Key Country (2021 and 2028)
Figure 45. Germany: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 46. Germany: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 47. France: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. France: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 49. Italy: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50. Italy: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 51. U.K: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 52. U.K: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 53. Russia: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 54. Russia: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 55. Rest of Europe: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 56. Rest of Europe: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 57. Asia-Pacific: White Oil Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Asia-Pacific: White Oil Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 59. Asia-Pacific: White Oil Market Revenue Share, by Application (2021 and 2028)
Figure 60. Asia-Pacific: White Oil Market Revenue Share, by Application (2021 and 2028)
Figure 61. Asia-Pacific: White Oil Market Revenue Share, by Key Country (2021 and 2028)
Figure 62. Australia: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 63. Australia: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 64. China: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 65. China: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 66. India: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 67. India: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 68. Japan: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 69. Japan: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 70. South Korea: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 71. South Korea: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 72. Rest of Asia-Pacific: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 73. Rest of Asia-Pacific: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 74. Middle East and Africa: White Oil Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. Middle East and Africa: White Oil Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 76. Middle East and Africa: White Oil Market Revenue Share, by Grade (2021 and 2028)
Figure 77. Middle East and Africa: White Oil Market Revenue Share, by Application (2021 and 2028)
Figure 78. Middle East and Africa: White Oil Market Revenue Share, By Key Country (2021 And 2028)
Figure 79. South Africa: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 80. South Africa: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 81. Saudi Arabia: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 82. Saudi Arabia: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 83. UAE: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 84. UAE: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 85. Rest of the Middle East and Africa: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 86. Rest of the Middle East and Africa: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 87. South and Central America: White Oil Market – Revenue and Forecast to 2028 (US$ Million)
Figure 88. South and Central America: White Oil Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 89. South and Central America: White Oil Market Revenue Share, by Grade (2021 and 2028)
Figure 90. Middle East and Africa: White Oil Market Revenue Share, by Application (2021 and 2028)
Figure 91. South and Central America: White Oil Market Revenue Share, By Key Country (2021 And 2028)
Figure 93. Brazil: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 94. Argentina: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 95. Argentina: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 96. Rest of South and Central America: White Oil Market –Revenue and Forecast to 2028 (US$ Million)
Figure 97. Rest of South and Central America: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 98. Impact of COVID-19 Pandemic on White Oil Market in North America
Figure 99. Impact of COVID-19 Pandemic on White Oil Market in Europe
Figure 100. Impact of COVID-19 Pandemic on White Oil Market in Asia Pacific
Figure 101. Impact of COVID-19 Pandemic on White Oil in Middle East and Africa
Figure 102. Impact of COVID-19 Pandemic on White Oil in South America
The List of Companies - White Oil Market
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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