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.
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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 Strategic Insights
Strategic insights for the Europe White Oil provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Europe White Oil Report Scope
| Attribute | Details |
| Market Size (2022) | US$ 528.20 Million |
| Market Size (2028) | US$ 652.87 Million |
| Global CAGR (2022-2028) | 3.6% |
| Historical Data | 2020-2021 |
| Forecast Period | 2023-2028 |
| Segments (By Grade) | Food, Pharmaceutical, Technical |
| Segments (By Application) | Personal Care & Cosmetics, Pharmaceutical & Healthcare, Food Industries, Plastic Processing, Agriculture |
| Regions Covered | Europe (UK, Germany, France, Russia, Italy, Rest of Europe) |
| Key Companies | Calumet, Chevron, ExxonMobil, Petro-Canada, RENKERT, APAR, Sasol, Sonneborn, H&R GROUP |
Europe White Oil Regional Insights
The geographic scope of the Europe White Oil refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe White Oil Market Segmentation
The Europe white oil market is categorized by grade, application, and country.
- By Grade:
The market is segmented into food grade, pharmaceutical grade, and technical grade. In 2022, the pharmaceutical grade segment accounted for the largest share of the market. - By Application:
The market is divided into personal care & cosmetics, pharmaceutical & healthcare, food industries, plastic processing, agriculture, and others. Among these, the plastic processing segment held the largest market share in 2022. - By Country:
Geographically, the market is segmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. In 2022, the rest of Europe dominated the market share.
Leading companies operating in the European white oil market include Calumet Specialty Product Partners, Chevron Corporation, ExxonMobil Corporation, Petro-Canada Lubricants Inc., Renkert Oil, APAR Industries, Sasol, Sonneborn LLC, and H&R Group.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
