South & Central America 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 2022-11-08 I 116 Pages I The Insight Partners
The white oil market in South & Central America is expected to grow from US$ 61.02 million in 2022 to US$ 70.33 million by 2028. It is estimated to grow at a CAGR of 2.4% from 2022 to 2028.
Elevating Demand as Adhesive in Food Packaging
The growing consumer inclination toward packaged products due to a shift in eating habits and the transformation of lifestyles may have an imperative impact on the demand for white oil. The oil is used in the production of adhesives for food packaging. Technical white oil mineral is permitted as an indirect food additive in a wide variety of food contact materials, including adhesives. It is also used as a defoaming agent component in paper and paperboard packaging. White oil is used in hot melt adhesives, wherein it acts as a diluent for ensuring material transparency when it is used in cosmetics or food packaging. The growing trend such as in food service cups, packaging, and utensils are all produced with white oil. It is used to soften rubber and polymer products. The packaging industry uses white oils typically in the products of polymers, thermoplastic elastomers, polyolefins and polystyrene, these packaging keep foods crisp. Furthermore, increasing focus on clean rooms and hygienic consumable goods packaging is one of the main factors that are likely to encourage the use of white oil adhesives in the food packaging industry.
Market Overview
Brazil, Argentina, and rest of SAM are the key contributors to the white oil market in the South & Central America. This region's food processing and agriculture sectors are the key contributors to its economic development. Both sectors require white oil as a raw material due to its various applications. Additionality a variety of finished products, including polystyrene, animal vaccinations, pharmaceuticals, and adhesives, require white oil. These are quite appealing because they are highly purified and cost-effective, which opens up great opportunities for revenue generation in the regional market. Moreover, White oil is widely utilized in personal care products, including cosmetics, skincare, and hair care products, which is expected to propel market expansion in the region. Furthermore, it is projected that technical advancement, particularly in the areas of refining and ultra-purification, will provide the white oil industry with improved growth possibilities in the forecast period. Due to changing lifestyles and personal care preferences, the demand for cosmetics has recorded robust growth in various South American countries, such as Brazil and Argentina. White oils are an important part of many cosmetic formulations. They are commonly used in almost all types of cosmetic and personal care products, from emulsions to anhydrous cosmetics, such as lip balm, baby oil, skincare, haircare, creams, lotions, and emollients. With the increasing demand for such cosmetics and personal care products, a huge demand for white oil has been created. White oil can be used to ease diaper rash and eczema irritation. The cosmetic industry also makes good use of liquid paraffin. The substance is used in various beauty products, including detergent, cold, hydrated, bronzed, and makeup products. Thus, these factors are expected to drive the SAM white oil market in the region.
South & Central America White oil market Revenue and Forecast to 2028 (US$ Million)
South & Central America White oil market Segmentation
The South & Central America 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 personal care and cosmetics segment held a largest market share in 2022. Based on country, the market is segmented into Brazil, Argentina, and rest of SAM. Brazil dominated the market share in 2022. Calumet Specialty Product Partners; Chevron Corporation; EXXON Mobil Corporation; Petro-Canada Lubricants Inc; APAR; Sasol; Sonneborn LLC; and H&R GROUP are the leading companies operating in the white oil market in the South & Central America.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 SAM White Oil Market, by Grade
1.2.2 SAM White Oil Market, by Application
1.2.3 SAM 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. SAM 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. SAM 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 - SAM Market Analysis
6.1 MEA White Oil Market -Revenue and Forecast to 2028 (US$ Mn)
6.2 SAM White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
7. SAM White Oil Market Analysis - By Grade
7.1 Overview
7.2 SAM 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. SAM 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. SAM White Oil Market - Country Analysis
9.1 Overview
9.1.1 South and Central America: White Oil Market, by Key Country
9.1.1.1.1 Brazil: White Oil Market, by Grade
9.1.1.1.2 Brazil: White Oil Market, by Application
9.1.1.2 Argentina: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: White Oil Market, by Grade
9.1.1.2.2 Argentina: White Oil Market, by Application
9.1.1.3 Rest of South and Central America: White Oil Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South and Central America: White Oil Market, by Grade
9.1.1.3.2 Rest of South and Central America: 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 APAR
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 Sasol
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 Sonneborn LLC
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 H&R GROUP
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
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. SAM White Oil Market -Revenue and Forecast to 2028 (US$ Mn)
Table 2. SAM White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
Table 3. Brazil White Oil Market, by Grade - Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil White Oil Market, by Grade - Volume and Forecast to 2028 (Kilo Tons)
Table 5. Brazil White Oil Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina White Oil Market, by Grade - Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina White Oil Market, by Grade - Volume and Forecast to 2028 (Kilo Tons)
Table 8. Argentina White Oil Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of South and Central America White Oil Market, by Grade - Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South and Central America White Oil Market, by Grade - Volume and Forecast to 2028 (Kilo Tons)
Table 11. Rest of South and Central America White Oil Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 12. Glossary of Terms, Global White Oil Market
LIST OF FIGURES
Figure 1. SAM White Oil Market Segmentation
Figure 2. SAM White Oil Market Segmentation - By Country
Figure 3. SAM White Oil Market Overview
Figure 4. SAM White Oil Market, By Application
Figure 5. SAM White Oil Market, by Country
Figure 7. SAM Porter's Five Forces Analysis of White Oil Market
Figure 8. SAM White Oil Market, Ecosystem
Figure 9. Expert Opinion
Figure 10. SAM White Oil Market Impact Analysis of Drivers and Restraints
Figure 11. SAM White Oil Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 12. SAM White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 13. SAM White Oil Market Revenue Share, By Grade (2021 and 2028)
Figure 14. SAM Food: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 15. SAM Food: White Oil Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 16. SAM Pharmaceutical: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. SAM Pharmaceutical: White Oil Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 18. SAM Technical: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. SAM Technical: White Oil Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 20. SAM White Oil Market Revenue Share, By Application (2021 and 2028)
Figure 21. SAM Personal Care & Cosmetics: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 22. SAM Pharmaceutical & Health Care: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 23. SAM Food Industries: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 24. SAM Plastic Processing: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 25. SAM Agriculture: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 26. SAM Others: White Oil Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 27. South and Central America: White Oil Market Revenue Share, By Key Country- Revenue (2021) (US$ Million)
Figure 28. South and Central America: White Oil Market Revenue Share, By Key Country (2021 And 2028)
Figure 30. Brazil: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 31. Argentina: White Oil Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. Argentina: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 33. Rest of South and Central America: White Oil Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of South and Central America: White Oil Market -Volume and Forecast to 2028 (Kilo Tons)
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