Europe White Oil Market Trends, Size, Segment and Growth by Forecast to 2030

 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.

๐Ÿ“šDownload Full PDF Sample Copy of Market Report @
https://www.businessmarketinsights.com/sample/BMIRE00027123

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.



Can you see this our reports –


North America Mushroom Market – https://postyourarticle.com/north-america-mushroom-market-trends-size-segment-and-growth-by-forecast-to-2030-3/


North America Medical Imaging Market – https://medium.com/@geetanjalibhushan447/north-america-medical-imaging-market-trends-size-segment-and-growth-by-forecast-to-2030-494a7682556a


North America Ice Cream Market – https://sites.google.com/view/businessmarketinsight-124/home 


North America Animal Health Market – https://www.linkedin.com/feed/update/urn:li:activity:7322847985770348544?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFnAfesBPBegb3I50Jdly9_3GfM-XJp-Z-4




North America Flavored Syrup Market – https://www.openpr.com/news/3958678/north-america-flavored-syrup-market-trends-size-segment




About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Dรฉfense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights

Comments

Post a Comment

Popular posts from this blog

Benelux Heavy Construction Equipment Market Trends, Size, Segment and Growth by Forecast to 2030

  The BENELUX Heavy Construction Equipment market was worth US$ 3.70 billion in 2024 and is projected to reach US$ 6.20 billion by 2031; it is expected to register a CAGR of 7.70% from 2025 to 2031. Executive Summary and BENELUX Heavy Construction Equipment Market Analysis: The growth of the heavy construction equipment market in Belgium is attributed to ongoing infrastructure projects and development in various industrial sectors. In addition, the rising government investment in infrastructure development has contributed to the market growth. For instance, in June 2022, the European Commission funded the Belgium government with US$ 125.37 million for six transport infrastructure projects in the country. This funding aimed to strengthen and modernize the European transport network. Also, in 2023, the construction sector investment was valued at ~US$ 73.07 billion. According to the data published by the European Federation in 2023, the construction industry witnessed contracted...
Read more

North America Meat Extract Market Trends, Size, Segment and Growth by Forecast to 2030

  The North America meat extract market is on a steady growth trajectory, projected to rise from US$ 570.67 million in 2021 to US$ 795.62 million by 2028 , reflecting a CAGR of 4.9% . ๐ƒ ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐๐ƒ๐… ๐๐ซ๐จ๐œ๐ก๐ฎ๐ซ๐ž - https://www.businessmarketinsights.com/sample/BMIRE00025889 Key Growth Drivers: Rising Meat Consumption: With a growing global population and an expanding middle class, the demand for protein-rich, affordable food options is increasing. Popularity of Poultry: Poultry is gaining traction as a healthier and cost-effective protein source, leading to greater demand for poultry-based meat extracts. Flavor Enhancement Trend: As consumers seek healthier lifestyles without compromising on taste, food manufacturers are leveraging meat extracts to enhance flavors in ready-to-eat meals, soups, sauces, and snacks . Natural Alternative: Meat extracts are emerging as a healthier substitute for s...
Read more

North America Animal Feed Market Trends, Size, Segment and Growth by Forecast to 2030

 Market Overview and Dynamics The North America animal feed market is expected to reach US$ 118,570.29 million by 2027 from US$ 85,635.32 million in 2018. The market is anticipated to grow with a CAGR of 3.6% from 2019 to 2027.  Rise in industrial livestock production and  increasing demand for protein rich animal feedare some of the factors driving the market growth in North America. However,  implementation of stringent regulations on animal husbandry is likely to have a negative impact on the market growth. ๐Ÿ“š Download Full PDF Sample Copy of Market Report @ https://www.businessmarketinsights.com/sample/TIPRE00012209 Market Introduction The food given to domestic or farm animals in the course of animal husbandry is called an animal feed. Fodder and forage are the two main types of animal feed. Animal feed is mostly of vegetarian origin prepared for farm animals. The supply of good quality animal feed ensures improvements such as production, metabolism, a...
Read more