White Oil Market Size, Trends and Insights By Product (Heavy Paraffinic, Light Paraffinic, Naphthenic), By Application (Personal Care and Cosmetic, Adhesive, Pharmaceutical, Textile, Agriculture, Polymers, Food and Beverage, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI18398

Published Date: September 2022

Pages: 220+

Category: Chemicals And Materials

Reports Description

According to Custom Market Insights (CMI), The size of the Global White Oil market was worth around USD 2.8 billion in 2021 and is predicted to grow to around USD 3.8 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.8% between 2022 and 2030.

The report analyses the White Oil market’s drivers and restraints and their impact on demand throughout the projection period. In addition, the report examines global opportunities in the global White Oil market.

White Oil Market Size

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White Oil Market: Overview

White oil is a very stable, refined, and pure mineral oil, also known as white mineral oil or mineral white oil. Depending on the procedure employed, it can be manufactured from various feedstocks and possesses colorless, odorless, and almost tasteless qualities. Because the substance is non-toxic and chemically inert, it is frequently used as an insecticide in gardens to control a variety of insect pastes. Additionally, a positive outlook in the food, pharmaceutical, polymer, cosmetics, and other industries is predicted to increase the market share for white oil.  

White Oil Market: COVID – 19 Impact Analysis

The COVID-19 pandemic significantly negatively impacted the world market for mineral oil. Nearly all key countries witnessed slower economic growth due to the COVID-19 epidemic, which impacted consumer purchasing patterns. The supply-demand gap has widened due to the lockdown enacted in several nations’ transportation systems, adversely affecting domestic and international supply chains. Thus, inadequate raw material supply is anticipated to hinder mineral oil production, negatively affecting the market’s growth. However, during the pandemic, several governments-imposed trade movements of trade, which impacted the market during 2020-2021.

The hindrance in the supply chain resulted in the scarcity of raw materials, which hampered the finished White Oil. However, with the relaxation of restrictions on lockdown and the movement of goods, the market is expected to witness strong growth during the forecast period. 

White Oil Market: Growth Drivers

High demand from the personal care industry

White oils are frequently used in practically all cosmetic and personal care products, including emulsions to anhydrous cosmetics, covering baby oil, lip balm, haircare, skincare, creams, lotions, and emollients. White oils are an essential component of several cosmetic formulations. White oil can be applied to soothe eczema and diaper rash inflammation. Liquid paraffin is also used in the cosmetic sector. The ingredient can be found in various cosmetics and beauty products, such as detergent creams, cold creams, bronzed oils, hydrating creams, and makeup.

Rising demand for medicinal use 

The product is used as a basic ingredient or an additive or in manufacturing pharmaceutical products such as internal lubricants, emollients, ointments, and laxatives. White oil is chemically stable and has useful antibacterial properties when coupled with other synthetic products. Due to the product’s outstanding mixing capabilities, it is frequently employed in therapeutic applications. As a result of the growth of the pharmaceutical industry, the demand for the product is most likely to increase throughout the projection period. 

White Oil Market (By Product)

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White Oil Market: Segmentation Analysis

The moringa market is segmented into products and applications in our research scope. By product, the Light paraffinic segment is anticipated to hold the largest share globally throughout the forecast period. Due to favorable regulatory circumstances, the naphthenic category is also anticipated to hold a significant market share in demand. The light paraffinic segment leads in volume, followed by the heavy paraffinic and naphthenic segments. 
Report Scope

Feature of the Report Details
Market Size in 2021 USD 2.8 billion
Projected Market Size in 2030 USD 3.8 billion
CAGR Growth Rate 4.8% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players British Petroleum, ExxonMobil Corporation, Renkert Oil Inc., JX Nippon Oil & Energy Corporation, Petro-Canada, Nynas AB, Royal-Dutch Shell N.V., Sinopec Corporation, and Others
Key Segment By Product, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Key Insights: 

  • Per the analysis shared by our research analyst, the White Oil market is estimated to grow annually at a CAGR of around 8% over the forecast period (2022-2030).
  • In terms of revenue, the White Oil market size was valued at around USD 2 billion in 2021 and is projected to reach USD 4.2 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on product segmentation, the light paraffinic segment was estimated to hold the maximum market share in 2021.
  • The personal care segment was the leading revenue-generating category based on application segmentation in 2021.
  • Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.

Recent Development

  • August 2022: Palmer Holland, a distributor of fine ingredients and specialty chemicals in North America, reports that it has entered into a distribution arrangement with Petro-Canada Lubricants. Palmer Holland will distribute the white mineral oil brands PURETOLTM and KRYSTOLTM from Petro-Canada throughout North America.
  • July 2021: Resolute Oil, a market leader in high-quality white mineral oil serving both industrial and consumer customers, and Flotek Industries, Inc., a leader in green specialty chemistries serving industrial, commercial, and consumer markets, have entered a long-term agreement to share resources and advance growth in related green chemistry markets. There are options for extensions through 2036 in the deal. 

Regional Landscape

In 2021, the Asia Pacific region dominated the market and had a revenue share of over 50%. The expansion is attributed to the region’s expanding pharmaceutical industry’s need for the product. The pharmaceutical sector has been primarily propelled by increased customer awareness, affordability, and purchasing power. Industry participants continually invest in R&D, release new products, and set their prices to appeal to customers with various levels of purchasing power.

Over the projected period, the Middle East and Africa are expected to experience a sizable revenue-based CAGR. The growth of the pharmaceutical industry in the MEA region is supporting the white oil market demand. In the Middle East, particularly Saudi Arabia, the pharmaceutical sector is likely to develop due to rising healthcare costs and government assistance, which is anticipated to affect market growth throughout the projection period positively. 

 

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Competitive Landscape

Creating a long-term relationship with the end-users is a top priority for the major worldwide brands in the fiercely competitive white oil market. In the upcoming years, it is projected that competition will intensify due to the continued growth of the pharmaceutical and personal care industries.

As the players are also involved in the product’s production, businesses such as Exxon Mobil Corporation, British Petroleum, and Sinopec Corporation have a high level of integration across the value chain. These businesses have made a name for themselves as leading producers and concentrate on product innovation and research.

List of the prominent players in the global White Oil market:

  • British Petroleum
  • ExxonMobil Corporation
  • Renkert Oil, Inc.
  • JX Nippon Oil & Energy Corporation
  • Petro-Canada
  • Nynas AB
  • Royal-Dutch Shell N.V.
  • Sinopec Corporation

The global White Oil market is segmented as follows:

By Product

  • Heavy Paraffinic
  • Light Paraffinic
  • Naphthenic

By Application

  • Personal Care and Cosmetic
  • Adhesive
  • Pharmaceutical
  • Textile
  • Agriculture
  • Polymers
  • Food and Beverage
  • Others

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global White Oil Market, (2022 – 2030) (USD Billion)
    • 2.2 Global White Oil Market: snapshot
  • Chapter 3. Global White Oil Market – Industry Analysis
    • 3.1 White Oil Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 High Demand From The Personal Care Industry
      • 3.2.2 High Demand From The Personal Care Industry
      • 3.2.3 Rising Demand For Medicinal Use
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global White Oil Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global White Oil Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global White Oil Market – Product Analysis
    • 5.1 Global White Oil Market overview: By Product
      • 5.1.1 Global White Oil Market share, By Product, 2021 and 2030
    • 5.2 Heavy Paraffinic
      • 5.2.1 Global White Oil Market by Heavy Paraffinic, 2022 – 2030 (USD Billion)
    • 5.3 Light Paraffinic
      • 5.3.1 Global White Oil Market by Light Paraffinic, 2022 – 2030 (USD Billion)
    • 5.4 Naphthenic
      • 5.4.1 Global White Oil Market by Naphthenic, 2022 – 2030 (USD Billion)
  • Chapter 6. Global White Oil Market – Application Analysis
    • 6.1 Global White Oil Market overview: By Application
      • 6.1.1 Global White Oil Market share, By Application, 2021 and 2030
    • 6.2 Personal Care and Cosmetic
      • 6.2.1 Global White Oil Market by Personal Care and Cosmetic, 2022 – 2030 (USD Billion)
    • 6.3 Adhesive
      • 6.3.1 Global White Oil Market by Adhesive, 2022 – 2030 (USD Billion)
    • 6.4 Pharmaceutical
      • 6.4.1 Global White Oil Market by Pharmaceutical, 2022 – 2030 (USD Billion)
    • 6.5 Textile
      • 6.5.1 Global White Oil Market by Textile, 2022 – 2030 (USD Billion)
    • 6.6 Agriculture
      • 6.6.1 Global White Oil Market by Agriculture, 2022 – 2030 (USD Billion)
    • 6.7 Polymers
      • 6.7.1 Global White Oil Market by Polymers, 2022 – 2030 (USD Billion)
    • 6.8 Food and Beverage
      • 6.8.1 Global White Oil Market by Food and Beverage, 2022 – 2030 (USD Billion)
  • Chapter 7. White Oil Market – Regional Analysis
    • 7.1 Global White Oil Market Regional Overview
    • 7.2 Global White Oil Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America White Oil Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America White Oil Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America White Oil Market, by Product, 2022 – 2030
      • 7.4.1 North America White Oil Market, by Product, 2022 – 2030 (USD Billion)
    • 7.5 North America White Oil Market, by Application, 2022 – 2030
      • 7.5.1 North America White Oil Market, by Application, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe White Oil Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe White Oil Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe White Oil Market, by Product, 2022 – 2030
      • 7.7.1 Europe White Oil Market, by Product, 2022 – 2030 (USD Billion)
    • 7.8 Europe White Oil Market, by Application, 2022 – 2030
      • 7.8.1 Europe White Oil Market, by Application, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific White Oil Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific White Oil Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific White Oil Market, by Product, 2022 – 2030
      • 7.10.1 Asia Pacific White Oil Market, by Product, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific White Oil Market, by Application, 2022 – 2030
      • 7.11.1 Asia Pacific White Oil Market, by Application, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America White Oil Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America White Oil Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America White Oil Market, by Product, 2022 – 2030
      • 7.13.1 Latin America White Oil Market, by Product, 2022 – 2030 (USD Billion)
    • 7.14 Latin America White Oil Market, by Application, 2022 – 2030
      • 7.14.1 Latin America White Oil Market, by Application, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa White Oil Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa White Oil Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa White Oil Market, by Product, 2022 – 2030
      • 7.16.1 The Middle-East and Africa White Oil Market, by Product, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa White Oil Market, by Application, 2022 – 2030
      • 7.17.1 The Middle-East and Africa White Oil Market, by Application, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 British Petroleum
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 ExxonMobil Corporation
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Renkert Oil Inc.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 JX Nippon Oil & Energy Corporation
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Petro-Canada
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Nynas AB
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Royal-Dutch Shell N.V.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Sinopec Corporation
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global White Oil Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global White Oil Market attractiveness, By Product
  • 6. Global White Oil Market attractiveness, By Application
  • 7. Global White Oil Market share by Product, 2022 and 2030 (USD Billion)
  • 8. Global White Oil Market by Heavy Paraffinic, 2022 – 2030 (USD Billion)
  • 9. Global White Oil Market by Light Paraffinic, 2022 – 2030 (USD Billion)
  • 10. Global White Oil Market by Naphthenic, 2022 – 2030 (USD Billion)
  • 11. Global White Oil Market share by Application, 2022 and 2030 (USD Billion)
  • 12. Global White Oil Market by Personal Care and Cosmetic, 2022 – 2030 (USD Billion)
  • 13. Global White Oil Market by Adhesive, 2022 – 2030 (USD Billion)
  • 14. Global White Oil Market by Pharmaceutical, 2022 – 2030 (USD Billion)
  • 15. Global White Oil Market by Textile, 2022 – 2030 (USD Billion)
  • 16. Global White Oil Market by Agriculture, 2022 – 2030 (USD Billion)
  • 17. Global White Oil Market by Polymers, 2022 – 2030 (USD Billion)
  • 18. Global White Oil Market by Food and Beverage, 2022 – 2030 (USD Billion)
  • 19. Global White Oil Market share, by Region, 2022 and 2030
  • 20. North America White Oil Market, 2022 – 2030 (USD Billion)
  • 21. Europe White Oil Market, 2022 – 2030 (USD Billion)
  • 22. Asia Pacific White Oil Market, 2022 – 2030 (USD Billion)
  • 23. Latin America White Oil Market, 2022 – 2030 (USD Billion)
  • 24. The Middle-East and Africa White Oil Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global White Oil Market: Snapshot
  • 2. Drivers of the White Oil Market: impact analysis
  • 3. North America White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 4. North America White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 5. U.S. White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 6. U.S. White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 7. Canada White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 8. Canada White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 9. Europe White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 10. Europe White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 11. Germany White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 12. Germany White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 13. France White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 14. France White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 15. U.K. White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 16. U.K. White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 17. Italy White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 18. Italy White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 19. Spain White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 20. Spain White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 22. Rest of Europe White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 25. China White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 26. China White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 27. Japan White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 28. Japan White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 29. India White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 30. India White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 31. South Korea White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 32. South Korea White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 33. South-East Asia White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 34. South-East Asia White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 37. Latin America White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 38. Latin America White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 39. Brazil White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 40. Brazil White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 41. Mexico White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 42. Mexico White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 47. GCC Countries White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 48. GCC Countries White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 49. South Africa White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 50. South Africa White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa White Oil Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa White Oil Market revenue, By Application, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

List of the prominent players in the global White Oil market:

  • British Petroleum
  • ExxonMobil Corporation
  • Renkert Oil, Inc.
  • JX Nippon Oil & Energy Corporation
  • Petro-Canada
  • Nynas AB
  • Royal-Dutch Shell N.V.
  • Sinopec Corporation

FAQs

The “Asia Pacific” region will lead the global White Oil market during the forecast period 2022 to 2030.

The key factors driving the market is the adhesives, agriculture, and textile application areas and beauty product.

The key players operating in the White Oil market are British Petroleum, ExxonMobil Corporation, Renkert Oil Inc., JX Nippon Oil & Energy Corporation, Petro-Canada, Nynas AB, Royal-Dutch Shell N.V., Sinopec Corporation.

The global White Oil market is expanding growth with a CAGR of approximately 4.8% during the forecast period (2022 to 2030).

The global White Oil market size was valued at USD 2.8 billion in 2021 and it is projected to reach around USD 3.8 billion by 2030.

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