市場調查報告書
商品編碼
1447152
2030 年白油市場預測:按類型、等級、應用、最終用戶和地區進行的全球分析White Oil Market Forecasts to 2030 - Global Analysis By Type (Heavy Paraffinic Oil, Light Paraffinic Oil, Aromatic Oil, Naphthenic Oil and Other Types), Grade, Application, End User and By Geography |
根據Stratistics MRC預測,2023年全球白油市場規模將達16.8億美元,預計2030年將達到26.5億美元,預測期內年複合成長率為6.7%。
白油,又稱礦物油或液體石蠟,是一種無色、無臭、無味的石油衍生物。它由高度精製和精製的碳氫化合物組成,在各種行業中有多種用途。在化妝品和製藥領域,白油被用作護膚品、瀉藥和藥膏的基質,因為它沒有刺激性和低過敏性。
據世界衛生組織稱,非傳染性疾病每年導致東南亞約 900 萬人死亡,其中一半是早產。
對化妝品、護膚品和嬰兒護理產品的需求不斷成長
作為這些配方中的關鍵成分,白油的純度和低過敏性使其成為敏感應用的理想選擇,從而促進其在嬰兒護理產品中的應用。由於消費者優先考慮高品質和安全的成分,美容和護膚行業的持續擴張進一步增加了對白油的需求。這種需求的激增,特別是在化妝品和嬰兒護理領域,使白油成為關鍵成分,並且其持續成長以滿足尋求安全有效的個人護理解決方案的消費者不斷變化的偏好。
含有刺激皮膚的雜質
即使是微量的雜質也會引起皮膚刺激、副作用,並損害產品的純度聲譽。消費者對皮膚敏感性和與雜質相關的健康風險的擔憂可能會降低信任和需求。為了緩解這個問題,製造商必須優先考慮嚴格的精製工藝,遵守嚴格的品質標準,並與消費者進行透明的溝通。
食品級白油的潛力不斷成長
隨著消費者越來越重視食品安全和品質,食品加工產業對白油作為食品級潤滑劑、脫模劑和消泡劑的需求不斷增加。白油符合嚴格的監管標準,具有惰性、無味、無臭的特性,是食品製造應用的理想選擇。食品領域應用的擴大有助於白油需求的多樣化和增加。
替代產品和替代品的開發
隨著行業尋求具有類似性能的替代品,傳統白油應用的市場佔有率可能會下降。生物基潤滑劑和環保替代品的出現可能會抑制需求並影響市場成長。為了避免這種負面影響,白油製造商必須適應不斷變化的市場動態,並專注於創新、效率和永續性。
COVID-19 的影響
疫情最初擾亂了供應鏈和製造業,但隨後對衛生和醫療保健的關注增加了需求。白油是藥品、個人護理和消毒產品的重要成分,其使用量增加。向線上零售的轉變也影響了市場動態。然而,經濟的不確定性和原物料價格的波動帶來了挑戰。隨著該行業適應不斷變化的大流行後形勢,白油市場預計將持續成長。
重石蠟油領域預計將在預測期內成為最大的領域
重質石蠟油具有相似的特性,例如潤滑性和穩定性,因此它們可能具有成本優勢。這種轉變可能會導致白油市場內的價格壓力,並影響傳統白油生產商的報酬率。此外,有關環境永續性和監管合規性的考慮可能會影響消費者對推動市場成長的替代品的偏好。
潤滑油和冷卻油領域預計在預測期內年複合成長率最高
由於對高性能潤滑油和冷卻劑的需求,預計潤滑油和冷卻劑領域在預測期內將出現最高的年複合成長率。包括製造和工業在內的工業應用嚴重依賴這些配方,推動了對高品質白油的需求。此外,技術進步和永續性議題正在進一步影響市場動態,製造商尋求環保替代品來推動市場成長。
預計亞太地區在預測期內將佔據最大的市場佔有率。製藥業的主要促進因素是購買力的提高、支付能力的提高以及消費者意識的提高。產業公司不斷投資研發、推出新產品並制定價格,以適應不同購買力的消費者。
預計北美地區在預測期內的年複合成長率最高,因為食品、烘焙和紡織等多個行業擴大使用潤滑劑產品,從而推動了行業需求。在北美,由於生活方式的改變,對速食和烘焙產品的需求正在增加,並且在未來幾年,對用於麵團處理和食品加工機械潤滑的產品的需求將會增加。此外,由於藥品支出增加,美國的製藥業正在成長,預計這將對市場成長產生積極影響。
According to Stratistics MRC, the Global White Oil Market is accounted for $1.68 billion in 2023 and is expected to reach $2.65 billion by 2030 growing at a CAGR of 6.7% during the forecast period. White oil, also known as mineral oil or liquid paraffin, is a colourless, odourless, and tasteless petroleum derivative. Comprising highly refined and purified hydrocarbons, it finds versatile applications in various industries. In the cosmetic and pharmaceutical sectors, white oil serves as a base for skincare products, laxatives, and medicinal ointments due to its non-irritating and hypoallergenic properties.
According to the WHO, NCDs cause an estimated 9 million deaths per year, half of which are premature, in Southeast Asia.
Rising demand for cosmetics, skincare products, and baby care items
As a crucial component in these formulations, white oil's purity and hypoallergenic properties make it ideal for sensitive applications, driving its adoption in baby care products. The beauty and skincare industry's continuous expansion further amplifies the need for white oil as consumers prioritize high-quality and safe ingredients. This surge in demand, particularly in the cosmetics and baby care sectors, positions white oil as a vital ingredient, ensuring its sustained growth and relevance in meeting the evolving preferences of consumers seeking safe and effective personal care solutions.
Contains impurities that can irritate the skin
Impurities, even in trace amounts, can lead to skin irritation and adverse reactions, undermining the product's reputation for purity. Consumer concerns about skin sensitivity and health risks associated with impurities may result in reduced trust and demand. To mitigate this, manufacturers must prioritize rigorous purification processes, adhere to stringent quality standards, and communicate transparently with consumers hamper the growth of the market.
Growing potential for food-grade white oil
As consumers increasingly prioritize food safety and quality, the demand for white oil as a food-grade lubricant, release agent, and anti-foaming agent rises in the food processing industry. Its compliance with strict regulatory standards and its inert, tasteless, and odorless properties make it an ideal choice for applications in food production. This expanding usage in the food sector contributes to the diversification and increased demand for white oil.
Development of alternative products or substitutes
As industries explore alternatives with comparable properties, there is a risk of market share erosion for traditional white oil applications. The emergence of bio-based lubricants and environmentally friendly substitutes may divert demand, impacting the market's growth. To navigate this negative effect, white oil manufacturers must focus on innovation, efficiency, and sustainability, adapting to changing market dynamics.
Covid-19 Impact
While the pandemic initially disrupted supply chains and manufacturing, the subsequent emphasis on hygiene and healthcare bolstered demand. White oil, a crucial component in pharmaceuticals, personal care, and sanitization products, saw increased use. The shift towards online retail further influenced market dynamics. However, economic uncertainties and fluctuations in raw material prices posed challenges. As industries adapt to the evolving post-pandemic landscape, the White Oil market anticipates continued growth.
The heavy paraffinic oil segment is expected to be the largest during the forecast period
The heavy paraffinic oil segment is estimated to have a lucrative growth, as heavy paraffinic oils share similar properties, such as lubrication and stability, they may offer cost advantages. This shift could lead to pricing pressures within the White Oil market, affecting profit margins for traditional white oil producers. Moreover, considerations related to environmental sustainability and regulatory compliance may influence consumer preferences, favouring alternatives which propel the growth of the market.
The lubricants & coolants segment is expected to have the highest CAGR during the forecast period
The lubricants & coolants segment is anticipated to witness the highest CAGR growth during the forecast period, owing to the demand for high-performance lubricants and coolants. Industrial applications, including manufacturing and metalworking, heavily rely on these formulations, propelling the need for quality white oil. Additionally, technological advancements and sustainability concerns further impact market dynamics, as manufacturers seek eco-friendly alternatives encourage the market growth.
Asia Pacific is projected to hold the largest market share during the forecast period owing to the growth is attributed to the increase in demand for the product by the pharmaceutical industry in the region. The pharmaceutical industry has mainly been driven by improved purchasing power, increasing affordability, and rising awareness among consumers. Industry players are continuously spending on R&D and are coming out with new products and pricing these products to suit consumers across different levels of purchasing power.
North America is projected to have the highest CAGR over the forecast period, owing to increasing usage of the product as a lubricant in several industries such as food, bakery, and textile will drive the industry demand. Growing demand for fast food and bakery products in North America on account of changing lifestyles will augment the demand for the product to be used for handling dough and for food handling machinery lubrication over the upcoming years. Moreover the growing pharmaceutical industry in the U.S. as a result of the increased spending on medicines is expected to have a positive impact on the market growth.
Key players in the market
Some of the key players in the White Oil Market include Asian Oil Company, Bharat Petroleum Corporation Limited, British Petroleum, Calumet Refining, LLC, Castrol Company, China Petroleum and Chemical Corporation, Eastman Chemical Company, Exxon Mobil Corporation, JX Nippon Oil & Energy Corporation, Lanxess, Nynas AB, Petro-Canada, Renkert Oil, Inc., Repsol, Royal-Dutch Shell N.V., S.A. White Oil Company, Sasol, Shell plc , Sinopec Corporation and TotalEnergies
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