Europe White Oil Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Grade (Food, Pharmaceutical, and Technical) and Application (Personal Care and Cosmetics, Pharmaceutical and Healthcare, Food Industries, Plastic Processing, Agriculture, and Others)
Market Report I 2022-10-12 I 131 Pages I The Insight Partners
The white oil market in Europe is expected to grow from US$ 528.20 million in 2022 to US$ 652.87 million by 2028. It is estimated to grow at a CAGR of 3.6% from 2022 to 2028.
Expansion of Pharmaceuticals Industry
In the pharmaceuticals industry, white oil is used as a spray and ointment carrier, a capsule adjuvant, and a release agent. The pharmaceutical market is one of the fastest-growing markets in the region. The pharmaceutical market has also grown without any interruption in recent years. The pharmaceutical companies are primarily involved in producing generics, therapeutic medicines, active pharmaceutical ingredients, and traditional medicines. Germany is one of the most prominent pharmaceutical manufacturing countries in the world and Europe. The UK is one of the world's top global producers of pharmaceuticals. Moreover, in the UK, this industry adds a huge value to the overall annual turnover every year. India also has a prominent position in the global pharmaceuticals industry and is the largest provider of generic drugs. Therefore, the robust growth of the pharmaceuticals industry in various countries creates the need for white oil in pharmaceutical formulations.
Market Overview
Germany, France, UK, Italy, Russia, and Rest of Europe are the key contributors to the white oil market in the Europe. Europe has a well-established personal care industry and is the largest market for cosmetics and other personal care products worldwide. In Europe, the white oil used in cosmetic lip care products should be in line with the purity specifications of polycyclic aromatic hydrocarbons, as reflected in the safety requirements given in the EU cosmetic regulation 1223/2009. In 2009 and 2013, the European Food Safety Authority established an Acceptable Daily Intake (ADI) of 12 mg/kg bw/day for high viscosity and medium viscosity white mineral oils. Thus, such government support encourages people to opt for white oil-infused products, increasing the demand for white oil in the personal care industry, positively impacting the Europe white oil market in this region. White oil is used in various end products, such as adhesives, animal vaccines, pharmaceuticals, and polystyrene. These are highly purified and cost-effective, which makes them highly appealing and, therefore, creates great opportunities for revenue generation in the Europe market. In addition, the continuous increase in the demand from the food sector is leading to increased production of food-grade lubricants, fueling the need for white oil in food industries.
Europe White oil market Revenue and Forecast to 2028 (US$ Million)
Europe White Oil Market Segmentation
The Europe white oil market is segmented into grade, application, and country.
Based on grade, the market is segmented into food, pharmaceutical, and technical. The pharmaceutical segment registered the largest market share in 2022.
Based on application, the market is segmented into personal care and cosmetics, pharmaceutical and healthcare, food industries, plastic processing, agriculture, and others. The plastic processing segment held a largest market share in 2022.
Based on country, the market is segmented into Germany, France, UK, Italy, Russia, and rest of Europe. Rest of Europe dominated the market share in 2022.
Calumet Specialty Product Partners, Chevron Corporation; EXXON Mobil Corporation; Petro-Canada Lubricants Inc; RENKERT OIL; APAR; Sasol; Sonneborn LLC; and H AND R GROUP are the leading companies operating in the white oil market in the Europe.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 Europe White Oil Market, by Grade
1.2.2 Europe White Oil Market, by Application
1.2.3 Europe White Oil Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 White Oil Market, by Grade, and Application
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe White Oil Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors
4.3.5 End-User
4.4 Expert Opinion
5. Europe White Oil Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth of Cosmetics and Personal Care Industry
5.1.2 Expansion of Pharmaceuticals Industry
5.2 Market Restraints
5.2.1 Fluctuating Prices of Crude Oil
5.3 Market Opportunities
5.3.1 Elevating Demand as Adhesive in Food Packaging
5.4 Future Trends
5.4.1 Extensive Industrialization in Emerging Economies
5.5 Impact Analysis of Drivers and Restraints
6. White Oil - Europe Market Analysis
6.1 White Oil Market -Revenue and Forecast to 2028 (US$ Mn)
6.2 White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
7. Europe White Oil Market Analysis - By Grade
7.1 Overview
7.2 White Oil Market, By Grade (2021 and 2028)
7.3 Food
7.3.1 Overview
7.3.2 Food: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Food: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
7.4 Pharmaceutical
7.4.1 Overview
7.4.2 Pharmaceutical: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Pharmaceutical: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
7.5 Technical
7.5.1 Overview
7.5.2 Technical: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
7.5.3 Technical: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
8. Europe White Oil Market Analysis - By Application
8.1 Overview
8.2 White Oil Market, By Application (2021 and 2028)
8.3 Personal Care & Cosmetics
8.3.1 Overview
8.3.2 Personal Care & Cosmetics: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Pharmaceutical & Health Care
8.4.1 Overview
8.4.2 Pharmaceutical & Health Care: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Food Industries
8.5.1 Overview
8.5.2 Food Industries: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Plastic Processing
8.6.1 Overview
8.6.2 Plastic Processing: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
8.7 Agriculture
8.7.1 Overview
8.7.2 Agriculture: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
9. Europe White Oil Market - Country Analysis
9.1 Europe: White Oil Market
9.1.1 Europe: White Oil Market, by Key Country
9.1.2 Europe: White Oil Market, by Key Country
9.1.2.1 Germany: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
9.1.2.1.1 Germany: White Oil Market, by Grade
9.1.2.1.2 Germany: White Oil Market, by Application
9.1.2.2 France: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
9.1.2.2.1 France: White Oil Market, by Grade
9.1.2.2.2 France: White Oil Market, by Application
9.1.2.3 Italy: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
9.1.2.3.1 Italy: White Oil Market, by Grade
9.1.2.3.2 Italy: White Oil Market, by Application
9.1.2.4 U.K: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
9.1.2.4.1 U.K: White Oil Market, by Grade
9.1.2.4.2 U.K: White Oil Market, by Application
9.1.2.5 Russia: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
9.1.2.5.1 Russia: White Oil Market, by Grade
9.1.2.5.2 Russia: White Oil Market, by Application
9.1.2.6 Rest of Europe: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
9.1.2.6.1 Rest of Europe: White Oil Market, by Grade
9.1.2.6.2 Rest of Europe: White Oil Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Expansion & Collaboration
11. Company Profiles
11.1 Calumet Specialty Products Partners, L.P.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Chevron Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 EXXON MOBIL CORPORATION
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Petro-Canada Lubricants Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 RENKERT OIL
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 APAR
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Sasol
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Sonneborn LLC
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 H AND R GROUP
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe White Oil Market -Revenue and Forecast to 2028 (US$ Mn)
Table 2. Europe White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
Table 3. Germany White Oil Market, by Grade - Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany White Oil Market, by Grade - Volume and Forecast to 2028 (Kilo Tons)
Table 5. Germany White Oil Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 6. France White Oil Market, by Grade - Revenue and Forecast to 2028 (US$ Million)
Table 7. France White Oil Market, by Grade - Volume and Forecast to 2028 (Kilo Tons)
Table 8. France White Oil Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy White Oil Market, by Grade - Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy White Oil Market, by Grade - Volume and Forecast to 2028 (Kilo Tons)
Table 11. Italy White Oil Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 12. U.K White Oil Market, by Grade - Revenue and Forecast to 2028 (US$ Million)
Table 13. U.K White Oil Market, by Grade - Volume and Forecast to 2028 (Kilo Tons)
Table 14. U.K White Oil Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia White Oil Market, by Grade - Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia White Oil Market, by Grade - Volume and Forecast to 2028 (Kilo Tons)
Table 17. Russia White Oil Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe White Oil Market, by Grade - Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe White Oil Market, by Grade - Volume and Forecast to 2028 (Kilo Tons)
Table 20. Rest of Europe White Oil Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 21. Glossary of Terms, Global White Oil Market
LIST OF FIGURES
Figure 1. Europe White Oil Market Segmentation
Figure 2. Europe White Oil Market Segmentation, By Country
Figure 3. Europe White Oil Market Overview
Figure 4. Europe White Oil Market, By Application
Figure 5. Europe White Oil Market, by Country
Figure 7. Europe Porter's Five Forces Analysis of White Oil Market
Figure 8. Europe White Oil Market, Ecosystem
Figure 9. Expert Opinion
Figure 10. Europe White Oil Market Impact Analysis of Drivers and Restraints
Figure 11. Europe White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 12. Europe White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 13. Europe White Oil Market Revenue Share, By Grade (2021 and 2028)
Figure 14. Europe Food: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Europe Food: White Oil Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Europe Pharmaceutical: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Europe Pharmaceutical: White Oil Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Europe Technical: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Europe Technical: White Oil Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Europe White Oil Market Revenue Share, By Application (2021 and 2028)
Figure 21. Europe Personal Care & Cosmetics: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Europe Pharmaceutical & Health Care: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Europe Food Industries: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Europe Plastic Processing: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Europe Agriculture: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Europe Others: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 27. Europe: White Oil Market Revenue Share, by Key Country (2021 and 2028)
Figure 28. Europe: White Oil Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. Germany: White Oil Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. Germany: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 31. France: White Oil Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. France: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 33. Italy: White Oil Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. Italy: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 35. U.K: White Oil Market -Revenue and Forecast to 2028 (US$ Million)
Figure 36. U.K: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 37. Russia: White Oil Market -Revenue and Forecast to 2028 (US$ Million)
Figure 38. Russia: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 39. Rest of Europe: White Oil Market -Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of Europe: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
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