Press release
Opportunity-Growth assessment of the global white oil market During the Forecast Period 2017-2025
White Oil Market - Forecast Period 2017-2025
Light paraffinic segment by product type is anticipated to show dominance in the global white oil market by product type, with a comparatively higher growth rate than other segments in this category, and is poised to exhibit a CAGR of 3.9% during the period of forecast. The heavy paraffinic segment by product type comes second with a value of more than US$ 500 Mn by the end of 2025. The naphthenic segment is also expected to hold a dominant share with respect to the demand side of the market, due to favorable regulatory conditions. Volume wise too, the light paraffinic segment stays ahead followed by the heavy paraffinic and naphthenic segments.
The global white oil market is anticipated to reach a value of almost US$ 2 Bn by the end of 2025 and is expected to register a CAGR of 3.5% during the period of forecast 2017 to 2025. There are several factors that have influence over the growth of the global white oil market. Several opportunities, trends, challenges, and restraining factors are present within the global white oil market that have an impact on the dynamics of the market. North America and Asia Pacific (APAC) are the major markets for white oil.
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However, there are certain loopholes that can act as restraints in the growth of the global white oil market. The high costs associated with the formulation of consumer care products, unavailability of quality crude oil, price volatility in crude oil, instability in oil prices that influences the production of white oil are few of the restraints that challenge the growth of the global white oil market.
Asia Pacific anticipated to be the most lucrative region for white oil products
As far as product type is concerned, the Asia Pacific (APAC) region is expected to be the most lucrative region and is poised to grow at a higher growth rate than other regions, reflecting a CAGR of 3.9% to reach a value of more than US$ 1 Bn by the end of 2025. The region shows higher market attractiveness index and is also poised to dominate the global white oil market. In this region too, the light paraffinic segment by product type shows higher growth and market share by value and volume.
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Global White Oil Market: Competitive Landscape
The research report on the global white oil market profiles tier players involved in the white oil market such as China Petroleum & Chemical Corp (Sinopec Corporation), Calumet Specialty Products Partners, L.P., Chevron Corp, Exxon Mobil Corporation, Total S.A., Royal Dutch Shell plc., Fuchs Perlolub SE, Nynas AB, H&R GmbH & Co. KGaA, Savita Oil Technologies Ltd., Panama Petrochem Ltd., Apar Industries Limited, C J Robinson Company Inc., Morris Lubricants, Petroliam Nasional Berhad (PETRONAS), Raj Petro Specialties P. LTD., Lubline, Sonneborn, Petro-Canada Lubricants (Subsidiary of Suncor Energy) and Kerax Limited.
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