Global White Oil Market Size -
Industry Trends & Outlook Report 2027
Global White Oil Market is
estimated to be USD 1.55 Billion by 2027 from USD 1.23 Billion in 2020, at a
CAGR of 3.40% from 2020 to 2027. Increasing demand for personal care products,
combined with the expanding personal care and medical industry around the
globe, has directed a rise in demand for white oils. Increasing demand from the
cosmetic industry due to the substantial moisture-resistant property of white
oils is likely to push the market too during the estimated period. White oils
are also extensively used in the manufacturing of specialty adhesives and
elastomers due to their water- and moisture-resistant properties, which is also
likely to fuel the global white oil market's growth. Conversely, shifting oil
prices have hindered the expansion of the white oil market significantly and
are acting as a principal limit for the white oil market.
White oils are a vital part of
many cosmetic formulations. They are usually used in almost all cosmetic and
personal care products, from emulsions to anhydrous cosmetics, such as lip
balm, creams, baby oil, skincare, haircare, lotions, and emollients.
Global White Oil Market: Market
Outlook and Trends
White oil is an essential
product used in the cosmetics, chemical, pharmaceutical, and food processing
industries. White oils are usually known as a class of highly refined and
versatile mineral oils and are generally formed from paraffinic or naphthenic
base-stocks from the refineries. The primary chemical configuration of white
oils includes saturated aliphatic hydrocarbons and alicyclic nonpolar, which
are odorless, tasteless, chemically inert, colorless, and biologically stable.
White oils have brilliant storage life, and they also do not change color over
Global White Oil Market
constantly inventing white oil features, providing new chances for many uses in
many industries. The execution of advanced technologies and surge in the acceptance
of group II base oil by many manufacturers has impacted the worldwide white oil
market share. Lubrication experts extensively use them as both synthetic and
mineral-based lubricants in their plants. The product is also used to treat
elastomers and specialty adhesives due to its dampness and water resistance
Growth in the cosmetics and
personal care industry
possibility in many industries, including personal care, pharmaceutical, and
textile industry is anticipated to fuel the white oil market growth. Welfares
such as extraordinary skin compatibility, low irritancy, low environmental
impact, and struggle with bacteria and other unwanted elements make the
ingredient vital for personal care uses.
Cosmetic industry growth due to
the growing focus on skincare and nutritious products for coloring products,
hair styling, and sun-tan products fostering the industry share. White oil has
become an essential constituent in different applications, including cosmetics
and personal care. Rising demand for sunscreens, body lotion, cleansers,
emollient, and makeup products with long sturdiness moisturizing benefits will
boost the white oil request. Also, infant skincare products like lotions and
emollients will push the white oil market outlook.
Fluctuating prices of crude oil
Factors such as extreme costs
concerning the research of personal care products, lack of high-quality crude
lubricant, price instability, and uncertainty in prices may confine the white
oil market growth.
Impact of COVID-19 in industry
COVID-19 has impacted the market
adversely. The weaker consumer request for lifestyle and well-being products
due to the obligation of lockdown and social limits will damage the demand for
cosmetics and automotive part production. The COVID-19 pandemic has crippled
many industries, along with Personal care Industries. The movement will likely
stop due to the obligation of lockdown and social distancing. Work will stop
owing to the supply chain disturbance, the expiry of contracts to control
expenses, and the lack of subcontractors and materials. However, the ease in
limits and the government creativities to start the economic actions in the
consumer goods market creates hope for the pending recovery of the market.
Global White Oil Market:
Based on Application, the
personal care sector is varied in nature. It is rising at a steady rate,
largely attributed to the high focus of several cosmetic product manufacturers
across Asian countries, such as India, China, Indonesia, Japan, and South
Korea. Growing demand for personal care products in these countries has helped
the cosmetic formulators towards invention and new product growth. Properties
of white oil, such as moisture barrier abilities, lubricity, and chemical
inertness, enable its utilization in cosmetics and beauty products.
Geographically, the Global White
Oil Market has been divided into North America, Europe, Asia Pacific, South
America, and the Middle East & Africa.
Global White Oil Market: Regional
The Asia Pacific region is
likely to see a significant request for white oil due to an increased ingesting
of white oils and their byproducts. The personal care and medical industries in
APAC are overgrowing. APAC has also shown an amplified request for cosmetics
and personal care products, which has faster the intake of white oils in the
region over time. APAC is anticipated to control the market for white oils with
a healthy CAGR during the forecast period. North America is the additional largest
region in terms of production and ingesting white oil globally. An increase in
the use of the white oil market in North America is anticipated to be
significant during the forecast period due to vital demand from the food,
cosmetics, and chemical industries. The white oil market in Europe is expected
to expand consistently during the forecast period. Economic and industrial
growth in the Middle East & Africa, coupled with the rising demand for
polymers and specialty chemicals in the area are projected to push the white
oil market throughout the forecast period. The Latin American white oil market
is likely to enlarge at a sluggish speed during the prediction period.
The leading players in the White
Oil Market include ExxonMobil Fuels & Lubricants, Sonneborn, Chevron
Corporation, BP, Royal Dutch Shell, Sinopec Corporation, Sasol, Renkert Oil, JX
Nippon Oil & Energy Corporation, Suncor Energy, Nynas AB, Seojin Chemical,
Lubline, Total SA, Apar Industries Limited, Panama Petrochem Limited, Savita
Chemicals, Eastern Petroleum Private Limited, BASF, Hainan Handi Sunshine
Petrochemical, Farabi Petrochemicals, Calumet, H&R AG, and other prominent
27 May 2020, London – ExxonMobil
is introducing Mobilgard™ 540 X, the latest addition to its advanced MobilGard™
cylinder oil range. The lubricant is specifically formulated for use with both
0.10% and 0.50% sulphur fuels and liquefied natural gas (LNG) and will be
available from June 2020. Mobilgard 540 X is designed to meet the advanced
cleanliness and protection needs of newer engine designs and meets WinGD’s
requirements for all three fuel types.
Scope of the Report
Historical data – 2016-2018
Base Year – 2020
Forecast – 2020 – 2027
Revenue in USD Billion
U.S, Canada, Germany, UK, France, Italy,
Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa,
Saudi Arabia .
By Application, By Region
leading players considered for market analysis are ExxonMobil Fuels & Lubricants, Sonneborn,
Chevron Corporation, BP, Royal Dutch Shell, Sinopec Corporation, Sasol,
Renkert Oil, JX Nippon Oil & Energy Corporation, Suncor Energy, Nynas AB,
Seojin Chemical, Lubline, Total SA, Apar Industries Limited, Panama Petrochem
Limited, Savita Chemicals, Eastern Petroleum Private Limited, BASF, Hainan
Handi Sunshine Petrochemical, Farabi Petrochemicals, Calumet, H&R AG and many
ü Personal Care
Middle East &
objective of the Study:
analyze and forecast the Global White Oil Market size of the market in terms of
examine the careful market segmentation and forecast the market size, in terms
of value, based on the region by segmenting.
Global White Oil Market segmented into five regions, namely, North America,
Europe, Asia Pacific, Middle East, South America, and their leading countries.
outline, categorized, and forecast the Global White Oil Market based on By Application and by Regional.
examine competitive developments like By
Application and By Regional within the Global White Oil Market.
highlight the impact analysis of the factors affecting the market dynamics such
as growth drivers.
strategically profile the key players and comprehensively analyze their market
shares along with detailing the competitive landscape for market leaders.
Questions Answer by the Report
How will the market drivers, restraints,
and opportunities affect the market dynamics?
What will be the market size in terms of
value and volume and market statistics with a detailed classification?
Which segment dominates the market or
region, and one will be the fastest - growing, and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key
player and their impact on other players.
Scope for the Client
Client satisfaction is our first and last
priority, and that is why BlueWeave Consulting offers customization according
to Company’s specific needs. The following customization options are available
for the report:
• With five additional company detail
• Additional country analysis
• Detailed segment analysis