27 Jun 2019 - The Global White Oil
Market is likely to grow at a
significant CAGR in the forecast period. White oil is normally referred to as a
mineral white oil or baby oil and is manufactured from highly refined
paraffinic and napthenic hydrocarbons resulting from crude oil. The product is
extremely versatile and pure. The manufacturing process either involves solvent
refining, dewaxing and hydrotreating.
The
white oil market is highly driven by rise in demand for petrochemicals and
refined oil products. Demand for white oil for miscellaneous purposes is likely
to generate more revenue in the market. It also has an industrial significance
for chemical process and formulations. It is widely used in the manufacture of
elastomers and adhesives owing to moisture-resistant and waste properties.
However, fluctuation in oil price and political instability in certain countries
are likely to hamper the market growth in the forecast period.
Geographical
segmentation for white oil market includes North America, Latin America,
Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are expected
to dominate the market in the forecast period owing to rise in use of medicine,
cosmetics, thermoplastics and textiles. North American and European market has
witnessed an upper hand due to change in lifestyle and widespread awareness
pertaining to use of white oil. Middle Eastern and African markets are likely
to gain a significant CAGR in the forecast period due to production of
specialty chemicals and polymers in the region.
The
key players in the wheat oil market include General Nutrition Centers, Inc.,
CONNOILS LLC, VIOBIN USA, Swanson Health Products, Grupo Plimon, Viobin,
Agroselprom, NOW Foods, Inlife Pharma Pvt. Ltd., Country Life LLC, NutriPlex
Formulas, Inc., CONNOILS, Arista, Henan kun Hua Technology, Kanta Enterprises
Ltd, Hebei Jiafeng Plant oils, Navchetna Kendra, Zonghoo, Anyang Jingsen, Henan
Yuanquan, KUNHUA BIOLOGICAL TECHNOLOGY CO., LTD, Henan Ingredients Group Co,
Ltd, and GNLD International LTD.
Market Segment:
Key Applications
•
Textile Auxiliaries
•
Solvent Naphtha
•
Resins & Cohesives
•
Lubricants
Key Regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Key Vendors
•
Calumet
•
CNPC Group
•
ExxonMobil
•
JX Nippon Oil & Energy
•
Nynas
•
Petro-Canada
•
Sasol
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