The global white oil market is witnessing significant growth and is expected to develop across important regions in the coming years. Persistence Market Research puts forth a spectacular overview based on a thorough analysis of the global scenario of white oil in a new publication titled “White Oil Market: Global Industry Analysis (2012 – 2016) and Forecast 2017–2025”. The research report focuses on the key trends, developments, impact of drivers and restraints, various challenges etc. likely to be witnessed in the global white oil market in the next eight years.
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Global White Oil Market: Forecast
An in-depth study of the white oil market across the globe points to a revenue growth of US$ 1964.3 Mn by the end of 2025, reflecting a CAGR of 3.5% during the period of forecast, 2017 to 2025.
Global White Oil Market: Trends Observed Across Geographies
Certain trends are witnessed across geographies that are likely to impact revenue growth of the global white oil market. In Asia Pacific, there is more inclination towards the use of heavy paraffinic oil in industries for various applications. There is an increase in innovative platforms to enhance production of white oil in order to meet growing demands in the Middle East and Africa region, which has a significant impact on the global white oil market. The adoption of new technologies and increase in the adoption of group II base oil has a positive impact on the white oil market in North America. In Latin America, the demand for heavy paraffinic white oil is rising due to rising manufacturing of polymers, textile products and hot melt adhesives. This region can be considered as a low volume high growth region due to rising number of end-use industries in Latin America. In Europe, the focus on high quality products coupled with the rising number of new entrants, manufacturers and suppliers has led to an increase in the demand for high efficacy white oil.
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Global White Oil Market: Segmental Forecast
The global white oil market is segmented on the basis of product type (light paraffinic, heavy paraffinic, and naphthenic); on the basis of grade (pharmaceutical, chemical); on the basis of application (pharmaceutical, personal care and cosmetics, polymers, textiles, adhesives, food and beverages, and others) and on the basis of region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa).
Global White Oil Market: Regional Exploration
Persistence Market Research has scrutinized the market for white oil across the important geographies of North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Asia Pacific and North America are anticipated to remain the major regions in the global white oil market with respect to demand. Europe and Middle East and Africa are expected to hold a considerable share during the period of forecast. Asia Pacific is anticipated to record US$ 1120.6 Mn in market value and is poised to register a comparatively higher growth rate of 3.9% throughout the forecast period.
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