Global White Oil Market: By Grade, Application, Regional Analysis; Historical Market and Forecast 2021 – 2027

Global White Oil Market: By Grade, Application, Regional Analysis; Historical Market and Forecast 2021 – 2027

An increase in product demand across the commodities and consumer products sector has paved way for an array of lucrative growth avenues for white oil market contenders. Some of the major areas with extensive application scope comprise food production, pharmaceuticals, and cosmetics industries.

Not to mention, the recent years have recorded a wide deployment of white oil 70 in the cosmetics sector, where it is used in creams and lotions, baby oil, hair products, makeup removers, suntan oils, bath oils, and other products. Considering these factors, white oil market size is anticipated to surpass USD 2.5 billion by 2027, says Global Market Insights Inc.

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Mentioned below is a brief account of a few prominent developments that are expected to drive business expansion through the coming years:

Asia Pacific regional landscape: Industry players focus on the introduction of product lineups

The APAC industry is poised to record considerable expansion over the estimated period owing to an increase in the development and rollout of new products by regional players. One such instance is Totalenergies Thailand’s medicinal white oil lineup that includes FINAVESTAN A 180 B, FINAVESTAN A 360 B, and FINAVESTAN A 520 B.

The products have been designed for catering to the requirements of various industries: plasticizer for PS and other polymers in the plastics industry, raw material in the cosmetics sector, and as an excipient in the pharmaceutical industry.

Growing partnerships in North America: LLS Beauty partners Advonex International

North America white oil market is anticipated to depict appreciable growth over the forecast period considering the increase in collaborations and partnerships across the region. For instance, in April 2021, LLS Beauty inked a partnership agreement with Advonex International Corp., a Canadian company, for the development of renewable ingredients for the personal care and beauty industry.

The Ontario-based Advonex is renowned for producing plant-based hydrocarbons through patented processes. Similar developments are expected to lead way towards innovations in the region.

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Steps taken by industry players: Examining the competitive landscape

Prominent participants in the white oil industry comprise Apar Industries Limited, BASF, Royal Dutch Shell, Total SA, Sinopec Corporation, Sonneborn LLC, Renkert oil, and others. These participants are focusing on the adoption of corporate strategies comprising mergers, acquisitions, and the development of superior quality products for the consolidation of their position in the market.

Citing an example, Shell Risella X oils are high-quality technical white oils, that are based on GTL (gas to liquids) technology and provide valuable performance advantages. The oils offer excellent performance in selected applications given that unlike other varieties, they are made from pure synthesis gas.

Escalating product usage in industrial and textile end-use

White oil lubricant is widely used in industrial settings in the process of mechanical fixing and for blades involved in paper cutting. The product also finds extensive usage across the textile industry, where it is deployed as an oil component for meshing, weaving, and spinning materials.  

Driven by these parameters, the global white oil market from textile applications is anticipated to cross a valuation of USD 275 million by 2027.

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

 

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