White Oil Market Analysis

Application (Plastics & Elastomers, Adhesives, Personal Care, Agriculture, Textile, Food & Beverage, Pharmaceutical, Metalworking)

The global white oil market is segmented and analyzed for demand and supply by application into plastics & elastomers, adhesives, personal care, agriculture, textile, food & beverage, pharmaceutical, metalworking applications, and other applications. Out of the nine applications of white oil, the personal care segment is estimated to gain the largest market share in the year 2037. Moreover, the segment grew at a CAGR of nearly 25% in 2022. The growth of the segment can be attributed to the increasing demand for personal care products from both adults and children. These products include shampoo, hair oils, fragrances, moisturizers, baby oil, and other baby products. White oil have anti-bacterial properties therefore it is used in baby products to increase the product’s benefits. In 2020, around 4 million Americans used store-brand shampoo at least eight times a week. Moreover, Johnson & Johnson, a multinational American corporation that manufactures medical equipment, pharmaceuticals, and consumer packaged goods, made sales of baby care items of around 2 billion US dollars in 2021.

Product Type (Light Paraffinic, Heavy Paraffinic, Naphthenic)

The global white oil market is also segmented and analyzed for demand and supply by product type into light paraffinic, heavy paraffinic, and naphthenic. Amongst these three segments, the naphthenic segment is expected to garner a significant share of in the year 2037. These oils' exceptional low-temperature performance enhances the low-temperature properties of the lubricant formulations. In addition, naphthenic base oils perform better at low temperatures than paraffinic oils, which makes them suitable for the formulation of hydraulic and automatic transmission fluids. Naphthenic base oils are widely utilized in many industries, including the fabrication of tires, industrial equipment, and automobiles. The growth of the segment is expected on the account of rising manufacturing of tires. As per the estimated volume of tires sold worldwide in 2022 is close to 2.7 billion units.

Our in-depth analysis of the global market includes the following segments: