Los Angeles, CA -- (SBWIRE) -- 07/24/2019 -- 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.
The global White Oils market was 3047 million US$ in 2018 and is expected to 3722 million US$ by the end of 2025, growing at a CAGR of 2.9% between 2019 and 2025.
The White Oil industry concentration is not high; there are many manufacturers in the world, Sasol, Shell, Exxon Mobil, Farabi Petrochem, CNPC, Sinopec and so on, top ten players took up 3/5 of the global total market.
Many companies usually have several plants; and some plants are close to raw material source, such as China, Qatar, Saudi Arabia, India, Malaysia, etc. There are some international big companies set up factories in Middle East, such as Shell, Sasol, Exxon Mobil, etc. because of the rich oil and gas resources there.
In 2014, global White Oil sales about 2.13 million MT. As of 2019, global sales will increase to 2.594 million MT, with an CAGR of 3.97%.
There are many applications in white oil industry, Textile, Solvent Oil, Lubricants, Polystyrene and Other Polymers, Adhesive, etc. In 2018 textile accounting for 23.42% of the total consumption, it's the biggest application area.
White Oil can be divided into Industrial Grade, Cosmetic Grade, Food Grade and pharmaceutical grade, Industrial Grade white oil is most widely used, takes 75.36% in 2018
This report studies the White Oils market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of White Oils in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
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
By the product type, the market is primarily split into
Industrial Grade
Cosmetic Grade
Food Grade
Pharmaceutical Grade
By the end users/application, this report covers the following segments
Textile
Solvent Oil
Lubricants
Polystyrene and Other Polymers
Adhesive
Other
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