The Worldwide White Oil Market is Projected to reach USD 2.2 Billion by 2031, at a CAGR of 4.6%

08-May-2024 | Report Format: Electronic (PDF)

White Oil Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global White Oil Market size is expected to reach $2.2 billion by 2031, rising at a market growth of 4.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,243.79 kilo tonnes, experiencing a growth of 16.9% (2020-2023).

The Technical segment is leading the Global White Oil Market by Grade in 2023; thereby, achieving a market value of $1.3 billion by 2031, growing at a CAGR of 4.2 % during the forecast period. As industries adopt new technologies, materials, and production techniques, the demand for specialized lubricants, release agents, and processing aids increases. White oil-based products are crucial in facilitating advanced manufacturing processes, such as precision machining, 3D printing, and semiconductor fabrication, were stringent performance requirements and precision engineering demand high-quality lubrication and surface treatment solutions.

White Oil Market Size - By Region

The Food segment is registering a CAGR of 5.2% during (2024 - 2031). As the food sector expands, there is a need for efficient supply chains to transport raw materials, process food products, and distribute them to consumers. White oil, a key ingredient in food processing, is essential to these supply chains.

Full Report: https://www.kbvresearch.com/white-oil-market/

The Asia Pacific region dominated the Global White Oil Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,150.8 Million by 2031. The North America region is experiencing a CAGR of 4% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 4.2% during (2024 - 2031).

List of Key Companies Profiled

  • Castrol Ltd. (BP P.L.C.)
  • Sinopec Group (China Petrochemical Corporation)
  • Eastman Chemical Company
  • Exxon Mobil Corporation
  • Lanxess AG
  • Shell plc
  • TotalEnergies SE
  • Indian Oil Corporation Ltd.
  • Sasol Limited
  • Reliance Petrochem Industries (Pvt) Limited

White Oil Market Report Segmentation

By Grade (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Technical
  • Pharmaceutical

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Cosmetics & Personal Care
  • Food
  • Pharmaceutical
  • Plastic & Polymer
  • Textile
  • Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

SPECIAL PRICING & DISCOUNTS


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities
HAVE A QUESTION?

HAVE A QUESTION?

Call: +1(646) 600-5072

SPECIAL PRICING & DISCOUNTS


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities
HAVE A QUESTION?

HAVE A QUESTION?

Call: +1(646) 600-5072

Unique Offerings Unique Offerings


  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Support with 10% customization free after sale