Global White Oils Market Growth 2023-2029

Global White Oils Market Growth 2023-2029

Product Code:455375

Published Date: Feb 08,2023

Pages: 128

Region: Global

Category: Chemical & Material

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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.

LPI (LP Information)' newest research report, the “White Oils Industry Forecast” looks at past sales and reviews total world White Oils sales in 2022, providing a comprehensive analysis by region and market sector of projected White Oils sales for 2023 through 2029. With White Oils sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world White Oils industry.

This Insight Report provides a comprehensive analysis of the global White Oils landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on White Oils portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global White Oils market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for White Oils and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global White Oils.

The global White Oils market size is projected to grow from US$ 3234.1 million in 2022 to US$ 3979.8 million in 2029; it is expected to grow at a CAGR of 3979.8 from 2023 to 2029.

Global White Oils key players include Sasol, Shell, Exxon Mobil, CNPC, Sinopec, etc. Global top five manufacturers hold a share about 40%.

Asia-Pacific is the largest market, with a share about 50%, followed by Europe and North America, both have a share about 40 percent. 
In terms of product, Industrial Grade is the largest segment, with a share over 65%. And in terms of application, the largest application is Textile, followed by Solvent Oil.

This report presents a comprehensive overview, market shares, and growth opportunities of White Oils market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Industrial Grade
    Cosmetic Grade
    Food Grade
    Pharmaceutical Grade

Segmentation by application
    Textile
    Solvent Oil
    Lubricants
    Polystyrene and Other Polymers
    Adhesive
    Other

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    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

Key Questions Addressed in this Report
What is the 10-year outlook for the global White Oils market?
What factors are driving White Oils market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do White Oils market opportunities vary by end market size?
How does White Oils break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?