The North America White Oil Market would witness market growth of 4.0% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 175.76 kilo tonnes, showcasing a growth of 16.4% (2020-2023).
One of its primary uses is as a lubricant and anti-sticking agent in food machinery to ensure smooth operation and prevent adhesion of food products. Additionally, white oil is utilized as a release agent in baking pans and molds, facilitating easy removal of baked goods without sticking. Thus, the US market utilized 25.45 kilo tonnes of white oil in food application in 2023.
The US market dominated the North America White Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $368.2 Million by 2031. The Canada market is experiencing a CAGR of 4.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5% during (2024 - 2031).
White oil is a textile lubricant used in the textile industry. It aids in fiber processing, yarn spinning, and fabric weaving operations. Its lubricating properties reduce friction and static electricity during textile manufacturing, enhancing yarn cohesion, tensile strength, and weaving efficiency.
Additionally, White oil-based textile lubricants improve production throughput, reduce yarn breakage, and minimize fabric defects, resulting in higher-quality finished products and increased manufacturing productivity.
The growth of the cosmetics sector often entails continuous product innovation and formulation development to meet evolving consumer needs and preferences. To enhance product performance and efficacy, white oil may be used to develop new cosmetic formulations, such as serums, balms, and facial oils. Therefore, as cosmetic companies in Canada invest in R&D for new products, the demand for white oil in formulation development may rise.
Free Valuable Insights: The White Oil Market is Predict to reach USD 2.2 Billion by 2031, at a CAGR of 4.6%
Based on Grade, the market is segmented into Technical and Pharmaceutical. Based on Application, the market is segmented into Cosmetics & Personal Care, Food, Pharmaceutical, Plastic & Polymer, Textile, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Grade (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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