Press release
Global White Oil Market to Witness a Rise of US$ 1964.3 Mn by 2025
Persistence Market Research has scrutinized the market for white oil across the important geographies of North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Asia Pacific and North America are anticipated to remain the major regions in the global white oil market with respect to demand. Europe and Middle East and Africa are expected to hold a considerable share during the period of forecast. Asia Pacific is anticipated to record US$ 1120.6 Mn in market value and is poised to register a comparatively higher growth rate of 3.9% throughout the forecast period.
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The global white oil market is segmented on the basis of product type (light paraffinic, heavy paraffinic, and naphthenic); on the basis of grade (pharmaceutical, chemical); on the basis of application (pharmaceutical, personal care and cosmetics, polymers, textiles, adhesives, food and beverages, and others) and on the basis of region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa).
The light paraffinic segment by product type is expected to witness dominance with respect to market share and is estimated to represent 2/5th of the overall global white oil market by the end of 2025; poised to register a CAGR of 3.9% during the forecast period
The pharmaceutical segment by grade is anticipated to grow at a CAGR of 3.7% during the period of forecast to slate a revenue of US$ 1206.8 Mn by the end of 2025 thereby establishing dominance
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By application, the personal care and cosmetics segment is poised to grow at a higher rate to register a CAGR of 4.3% over the forecast period and dominates the global market with respect to revenue share
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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About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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