White Oil Market Definition
The white oil market is growing due to the increased use of this material as a lubricant in many industries, including food, bakery, and textile. The demand for fast food and bakery products is increasing. White oil is odorless and tasteless and prevents dust formation when applied directly to grain, thus preventing dust formation.
The demand in the white oil market continues to increase as the demand for products in the personal care and pharmaceutical industries increases. The demand for pharmaceutical and cosmetic products is increasing worldwide. This lubricant acts as an extension in the making of elastomeric materials, eliminating the need for vulcanization to facilitate production. As auto sales continue rising, especially in developing countries, the consumption of elastomers in automobile tires will increase. This will increase the amount of free lubricant to expand the white oil market.
White Oil Market Revenue, By Type 2024 to 2034 (USD Billion)
Subsegment | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
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Chemical Grade | - | - | - | - | - | - | - | - | - | - | - | - |
Food Grade | - | - | - | - | - | - | - | - | - | - | - | - |
Cosmetic Grade | - | - | - | - | - | - | - | - | - | - | - | - |
White Oil Market Revenue, By Application 2024 to 2034 (USD Billion)
Subsegment | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
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Plastic & Polymer | - | - | - | - | - | - | - | - | - | - | - | - |
Pharmaceuticals | - | - | - | - | - | - | - | - | - | - | - | - |
Personal Care & Cosmetics | - | - | - | - | - | - | - | - | - | - | - | - |
Food Industry | - | - | - | - | - | - | - | - | - | - | - | - |
Textile | - | - | - | - | - | - | - | - | - | - | - | - |