The global White Oil market stood around 4300 thousand tonnes in 2021 and is expected to grow at a CAGR of 4.36% during the forecast period until 2035. In March 2021, Hainan Handi Sunshine Petrochemical announced that they will begin running tests on a brand-new unit situated in South China in April 2021. This new plant will have an initial capacity of 700,000 tonnes per year and will include white oils and diesel.

White Oil is synthesized from paraffinic crude and naphthenic feedstock. White oil is a colorless mineral oil with interesting properties such as high stability, low oxidation rate, high stability, low odor, due to which it grasps interest of numerous industries such as the pharmaceutical and cosmetic industry. The applications of White Oil include cold creams, varnishes, baby oil, makeup removers, and spray tan. cleansing cream, lubricants, emollients, and more. Its application in the medicinal industry is due to its excellent miscibility property and employed as ointment base. Moreover, its mixing property with other polymers drives its application to manufacture chemicals.

Browse Full Report at https://www.chemanalyst.com/industry-report/white-oil-market-705

The primary market driving factor for the growth of White Oil market is the growing demand of personal care products, cosmetics, and pharmaceuticals in the forecast period. In 2021, the personal care products and cosmetics industry consumed about 32% of the global White Oil market and are anticipated to dominate the market. The demand for items where white oil is utilized, including the vehicle, medical, fabric, food and beverage, and chemical sectors will increase with the gradual increase of global population, propelling the demand White Oil in the forecast period. Besides, the growing demand of White Oil by the Textile industry will also result in the expansion of the White Oil market due to its growing use as a lubricant.

Based on region, Asia Pacific is dominating across all the regions around the globe and is expected to further grow in the forecast period. Growing demand of personal care items, cosmetics, and pharmaceuticals due to growing population is anticipated to swell the White Oil demand in the forecast period. Meanwhile, North America stands as another leading consumer with the White Oil demand to further grow in the forecast period.

Based on the end-user industry, the global White Oil market is segmented into Personal Care & Cosmetics, Pharmaceuticals, Food Industry, Textile, Plastics & Polymers, and others. Personal Care & Cosmetics industry is the largest consumer of the white oil market. White Oil is an ingredients in various skincare and cosmetic formulations. White oils are frequently used in practically all cosmetic and personal care products such as lip balm, skincare, baby oil, and emollients. Furthermore, it is expected that the Pharmaceutical Sector, another significant consumer of White Oil global market, will also exponentially expand in the forecast period.

Request Sample Report: White Oil Market

Major producers in the production of Global White Oil market are China Petroleum & Chemical Corp., Petro-Canada Lubricant, ExxonMobil Corp, Hainan Handi Sunshine Petrochemical, S-Oil Corporation, APAR Industries, Gandhar Oil Refinery Limited, and others.

About Us:

ChemAnalyst is a subsidiary of TechSci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße

15a Cologne, 50823, Germany

Tel: +49-221-6505-8833