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White Oils Market to Witness Robust Expansion by 2024– Top Key players like Sasol,CEPSA,KDOC,Inc.
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White Oil (sometimes also called Base Oil, White Mineral Oil, Liquid Paraffin Wax, Normal Paraffin, etc.) is a transparent, colourless, odourless, or almost odourless, oily liquid composed of saturated hydrocarbons came from petroleum, coal or natural gas etc. It is a complex composition of hydrocarbons and consists mainly of mixtures of straight-chain alkanes.
The White Oil industry concentration is not high; there are many manufacturers in the world, Sasol, Shell, Exxon Mobil, Farabi Petrochem, CNPC, Sinopec and so on, top ten players took up 3/5 of the global total market.
Many companies usually have several plants; and some plants are close to raw material source, such as China, Qatar, Saudi Arabia, India, Malaysia, etc. There are some international big companies set up factories in Middle East, such as Shell, Sasol, Exxon Mobil, etc. because of the rich oil and gas resources there.
In 2014, global White Oil sales about 2.13 million MT. As of 2019, global sales will increase to 2.594 million MT, with an CAGR of 3.97%.
There are many applications in white oil industry, Textile, Solvent Oil, Lubricants, Polystyrene and Other Polymers, Adhesive, etc. In 2018 textile accounting for 23.42% of the total consumption, it’s the biggest application area.
White Oil can be divided into Industrial Grade, Cosmetic Grade, Food Grade and pharmaceutical grade, Industrial Grade white oil is most widely used, takes 75.36% in 2018
Global White Oils market size will increase to 3722 Million US$ by 2025, from 3047 Million US$ in 2018, at a CAGR of 2.9% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for White Oils.
Market Segment by Manufacturers, this report covers
Sasol
Shell
Exxon Mobil
Farabi Petrochem
Savita
Nippon Oil
CEPSA
Eni
H&R Group
SEOJIN CHEM
Sonneborn
MORESCO
KDOC
Atlas Setayesh Mehr
Gandhar Oil
FPCC
CNPC
Sinopec
ChemChina
Yitai Petro
Market Segment by Type, covers
Industrial Grade
Cosmetic Grade
Food Grade
Pharmaceutical Grade
Market Segment by Applications, can be divided into
Textile
Solvent Oil
Lubricants
Polystyrene and Other Polymers
Adhesive
Other
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Related Information:
North America White Oils Market Growth 2019-2024
United States White Oils Market Growth 2019-2024
Asia-Pacific White Oils Market Growth 2019-2024
Europe White Oils Market Growth 2019-2024
EMEA White Oils Market Growth 2019-2024
Global White Oils Market Growth 2019-2024
China White Oils Market Growth 2019-2024
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