WHITE OIL MARKET ANALYSIS

White Oil Market, By Grade (Technical/Industrial Grade and Pharmaceuticals Grade), By Application (Plastics and Elastomers, Adhesives, Personal Care & Cosmetics, Agriculture, Textile, Food and Beverage, Pharmaceutical, Metalworking Applications, and Other Applications), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : May 2024
Code : CMI5318
Pages :154
Formats :
Excel and PDF
Industry : Bulk Chemicals

Challenges: Fluctuating crude oil prices and increasing regulations related to (VOC) emissions

The global white oil market is facing challenges due to fluctuating crude oil prices and increasing regulations related to volatile organic compound (VOC) emissions. Majority of white oil is produced from crude oil refining which affects its prices. Recent price swings in crude oil create uncertainty for manufacturers. Additionally, stringent environmental norms by agencies like EPA regarding VOC emissions from white oil-based products are forcing companies to invest in newer extraction technologies to produce low-VOC varieties.

Opportunities: Rising consumer demand for personal care products

Rising consumer demand for personal care products is driving volumes across the cosmetics and pharmaceutical sectors. Additionally, Fast expanding applications in plastics, rubber, and polymer industries as a process oil is another positive. Southeast Asian countries with strong GDP growth and rising disposable incomes represent emerging lucrative consumer markets. Innovation in low-cost, low-emission extraction techniques can help players counter challenges and tap new opportunities.