Published Date: June 2024
White Oil is a highly purified, odorless, and colorless mixture of higher alkanes, also called paraffin oil and mineral oil. Growing pharmaceutical industries coupled with the use of White Oil as an internal lubricant for laxative applications have contributed to market growth. Further, the use of White Oil as bases for creams and ointments, as carriers for solid and semi-solid components, and as a separator on tablets and capsules has given rise to demand for market growth. The presence of major players and growing market consolidation activities are expected to drive White Oil market growth in the coming years.
The report “White Oil Market, By Application (Agriculture, Personal Care, Food, Adhesives, Pharmaceutical, Polymer, Textile, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”
Analyst View:
A wide variety of applications in pharmaceutical and other end-user industries has a positive impact on target market growth. Further, the use of White Oil in cosmetic industries as a primary material in lotion formulations, baby oil, cream, makeup products, and sun protection creams has fruitful demand for White Oil market growth over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “White Oil Market, By Application (Agriculture, Personal Care, Food, Adhesives, Pharmaceutical, Polymer, Textile, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”
Key Market Insights from the report:
White Oil Market accounted for US$ 2.1 billion in 2022 and is estimated to be US$ 3.2 billion by 2032 and is anticipated to register a CAGR of 4.5%. The White Oil Market is segmented based on Application and Region.
- Based on Application, White Oil Market is segmented into Agriculture, Personal Care, Food, Adhesives, Pharmaceutical, Polymer, Textile, and Others.
- By Region, the White Oil Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Competitive Landscape & their strategies of White Oil Market:
The prominent players operating in the White Oil Market includes, Renkert Oil Inc., British Petroleum, Nynas AB, BASF SE, ExxonMobil Corporation, Petro-Canada, JX Nippon Oil & Energy Corporation, Sinopec Corporation, Royal-Dutch Shell N.V., Sasol, and Others.
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