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

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.

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

Related Reports:

North America White Oil Market Size, Share | Data Set 2031

• May-2024
• 114 Pages

LAMEA White Oil Market Size | Trend Analysis Report - 2031

• May-2024
• 126 Pages

Europe White Oil Market Size | Industry Research to 2031

• May-2024
• 127 Pages

Asia Pacific White Oil Market Size | Growth Report - 2031

• May-2024
• 127 Pages