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White Oil Market Report 2022-2027, Industry Share, Size, Demand, Outlook and Revenue Forecast | Bharat Petroleum Corporation Limited, Calumet Specialty Products Partners L.P., China Petroleum & Chemical Corporation and More
White Oil Market Share, Size and Report 2022-2027
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The global white oil market size reached US$ 2.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2027, exhibiting a growth rate (CAGR) of 3.26% during 2022-2027.
Market Outlook:
White oil represents a highly refined mineral oil derived from the production of sulfonates as a by-product. It is typically formed upon treating paraffinic or naphthenic base oils with sulfuric acid. This removes the natural oxidation inhibitors, toxic, unsaturated, aromatic, and color-forming compounds, nitrogen and sulfur impurities, etc. White oil is colorless, odorless, pure, non-toxic, stable, and chemically inert in nature. Owing to this, this oil finds extensive applications across several industries, including agriculture, food, pharmaceutical, personal care, textile, etc.
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Market Trends and Growth Drivers:
The growing applications of white oil across diverse industrial verticals are primarily driving the global market. For instance, white oil is being increasingly used to produce laxatives and ointments and as a carrier for curative drug formulations in the medical and pharmaceutical industries. Apart from this, it is also gaining traction in the food industry for producing egg, fruit, and vegetable coatings, food packing materials, food-grade lubricants and greasers, etc.
Additionally, due to white oil's excellent lubricity, ability to prevent moisture, chemical inertness, etc., it is used as an essential ingredient in the cosmetics industry for manufacturing topical skincare products, such as body lotions, creams, etc. Besides this, the escalating product utilization in the manufacturing of plastics and elastomers, PVC external lubricants, polystyrene internal lubricants, etc., will further continue to positively impact the white oil market growth in the coming years.
White Oil Market 2022-2027 Competitive Analysis and Segmentation:
List of Key Companies Covered in this Market Report:
• Bharat Petroleum Corporation Limited
• Calumet Specialty Products Partners L.P.
• China Petroleum & Chemical Corporation
• ExxonMobil Corporation
• H&R GmbH & Co. KGaA
• Nynas AB
• Petro?Canada Lubricants Inc. (Hollyfrontier Corporation)
• Renkert Oil Inc.
• Royal Dutch Shell Plc
• Sasol Limited
• Savita Oil Technologies Limited
• Total SE
Key Highlights of the Market Segmentation:
The report has segmented the global white oil market on the basis of application and region.
Based on Application:
• Adhesive
• Agriculture
• Food
• Pharmaceutical
• Personal Care
• Textile
• Polymers
• Others
Geographical Analysis:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Explore Full Report Description At: https://www.imarcgroup.com/white-oil-market
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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