White Oil Market, By Grade, By Application, By Geography

Description

The global white oil market is estimated to be valued at USD 1.74 Bn in 2024 and is expected to reach USD 2.41 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 1.74 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	4.80%	2031 Value Projection:	US$ 2.41 Bn

Figure. White Oil Market Share (%), By Region, 2024

The global white oil market has witnessed significant growth in the recent years. White oil refers to refined mineral oil or petroleum that undergoes minimal processing to remove contaminants and colorful compounds. It is colorless, odorless, and tasteless with applications across various industries such as personal care and cosmetics, pharmaceuticals, food processing, and others. Growing demand from personal care and cosmetics industry along with increasing spending on skincare and hair care products has been a key factor augmenting the demand for white oils. Additionally, rising focus on R&D activities to develop new application areas has further propelled the market growth. However, volatility in crude oil prices remains a major challenge. Still, ongoing initiatives towards capacity expansion and new product launches are expected to offer lucrative opportunities for market players over the forecast period.

Market Dynamics:

Rising consumption of personal care products has been a key factor driving the growth of global white oil market. Personal care industry has witnessed tremendous expansion in both developed as well as developing economies on the back of changing lifestyles, increasing disposable incomes, and growing awareness about beauty and appearance. White oil, due to its excellent emollient properties and skin compatibility, is widely used as a base oil in formulations of various personal care products including skin care creams, lotions, and hair conditioners. Moreover, growing demand from the pharmaceutical industry has further augmented the product demand. However, fluctuations in crude oil prices remain a key challenge. Significant volatility in crude oil feedstock prices leads to inconsistent white oil prices impacting the profitability of end-use sectors. Nevertheless, ongoing R&D activities towards new production technologies and development of value-added grades are expected to offer lucrative opportunities for market players in the coming years.

Key Features of the Study:

This report provides an in-depth analysis of the global white oil market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global white oil market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Bharat Petroleum Corporation Ltd. (BPCL), Calumet Specialty Products Partners, China Petrochemical & Chemical Corporation (Sinopec), Columbia Petro Chem Pvt Ltd., Exxon Mobil Corporation, H&R GROUP, HF Sinclair Corporation, Nynas AB, Oxiteno (Indorama Ventures), Renkert Oil, Shell PLC, Sasol, Savita Oil Technologies Limited, VELVEX, Gandhar Oil Refinery (India) Limited, and Raj Petro Specialities Pvt. Ltd
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global white oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global white oil market

Detailed Segmentation-

By Grade:
- Technical/Industrial Grade
- Pharmaceuticals Grade
By Application:
- Plastics and Elastomers
- Adhesives
- Personal Care & Cosmetics
- Agriculture
- Textile
- Food and Beverage
- Pharmaceutical
- Metalworking Applications
- Other Applications
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Bharat Petroleum Corporation Ltd. (BPCL)
- Calumet Specialty Products Partners
- China Petrochemical & Chemical Corporation (Sinopec)
- Columbia Petro Chem Pvt Ltd.
- Exxon Mobil Corporation
- H&R GROUP
- HF Sinclair Corporation
- Nynas AB
- Oxiteno (Indorama Ventures)
- Renkert Oil
- Shell PLC
- Sasol
- Savita Oil Technologies Limited
- VELVEX
- Gandhar Oil Refinery (India) Limited
- Raj Petro Specialities Pvt. Ltd

Product Code: CMI5318

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Grade
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global White Oil Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global White Oil Market
Impact Analysis

5. Global White Oil Market, By Grade, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Technical/Industrial Grade
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Pharmaceuticals Grade
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global White Oil Market, By Application, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Plastics and Elastomers
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Adhesives
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Personal Care & Cosmetics
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Agriculture
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Textile
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Food and Beverage
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Pharmaceutical
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Metalworking Applications
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Other Applications
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global White Oil Market, By Region, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Bn & KT))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Bharat Petroleum Corporation Ltd. (BPCL)
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Calumet Specialty Products Partners
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- China Petrochemical & Chemical Corporation (Sinopec)
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Columbia Petro Chem Pvt Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Exxon Mobil Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- H&R GROUP
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- HF Sinclair Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Nynas AB
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Oxiteno (Indorama Ventures)
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Renkert Oil
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Shell PLC
- Sasol
- Savita Oil Technologies Limited
- VELVEX
- Gandhar Oil Refinery (India) Limited
- Raj Petro Specialities Pvt. Ltd

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global White Oil Market" - Global forecast to 2031.