市场调查报告书
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2030 年白油市场预测:按类型、等级、应用、最终用户和地区进行的全球分析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 |
根据Stratistics MRC预测,2023年全球白油市场规模将达16.8亿美元,预计2030年将达到26.5亿美元,预测期内复合年增长率为6.7%。
白油,又称矿物油或液体石蜡,是一种无色、无臭、无味的石油衍生物。它由高度精製和精製的碳氢化合物组成,在各种行业中有多种用途。在化妆品和製药领域,白油被用作护肤品、泻药和药膏的基质,因为它没有刺激性和低过敏性。
据世界卫生组织称,非传染性疾病每年导致东南亚约 900 万人死亡,其中一半是早产。
对化妆品、护肤品和婴儿护理产品的需求不断增长
作为这些配方中的关键成分,白油的纯度和低过敏性使其成为敏感应用的理想选择,从而促进其在婴儿护理产品中的应用。由于消费者优先考虑高品质和安全的成分,美容和护肤行业的持续扩张进一步增加了对白油的需求。这种需求的激增,特别是在化妆品和婴儿护理领域,使白油成为关键成分,并且其持续增长以满足寻求安全有效的个人护理解决方案的消费者不断变化的偏好。
含有刺激皮肤的杂质
即使是微量的杂质也会引起皮肤刺激、副作用,并损害产品的纯度声誉。消费者对皮肤敏感性和与杂质相关的健康风险的担忧可能会降低信任和需求。为了缓解这个问题,製造商必须优先考虑严格的精製工艺,遵守严格的品质标准,并与消费者进行透明的沟通。
食品级白油的潜力不断成长
随着消费者越来越重视食品安全和品质,食品加工产业对白油作为食品级润滑剂、脱模剂和消泡剂的需求不断增加。白油符合严格的监管标准,具有惰性、无味、无臭的特性,是食品製造应用的理想选择。食品领域应用的扩大有助于白油需求的多样化和增加。
替代产品和替代品的开发
随着行业寻求具有类似性能的替代品,传统白油应用的市场占有率可能会下降。生物基润滑剂和环保替代品的出现可能会抑制需求并影响市场成长。为了避免这种负面影响,白油製造商必须适应不断变化的市场动态,并专注于创新、效率和永续性。
COVID-19 的影响
疫情最初扰乱了供应链和製造业,但随后对卫生和医疗保健的关注增加了需求。白油是药品、个人护理和消毒产品的重要成分,其使用量增加。向线上零售的转变也影响了市场动态。然而,经济的不确定性和原物料价格的波动带来了挑战。随着该行业适应不断变化的大流行后形势,白油市场预计将持续成长。
重石蜡油领域预计将在预测期内成为最大的领域
重质石蜡油具有相似的特性,例如润滑性和稳定性,因此它们可能具有成本优势。这种转变可能会导致白油市场内的价格压力,并影响传统白油生产商的报酬率。此外,有关环境永续性和监管合规性的考虑可能会影响消费者对推动市场成长的替代品的偏好。
润滑油和冷却油领域预计在预测期内复合年增长率最高
由于对高性能润滑油和冷却剂的需求,预计润滑油和冷却剂领域在预测期内将出现最高的复合年增长率。包括製造和工业在内的工业应用严重依赖这些配方,推动了对高品质白油的需求。此外,技术进步和永续性议题正在进一步影响市场动态,製造商寻求环保替代品来推动市场成长。
预计亚太地区在预测期内将占据最大的市场占有率。製药业的主要驱动因素是购买力的提高、支付能力的提高以及消费者意识的提高。产业公司不断投资研发、推出新产品并制定价格,以适应不同购买力的消费者。
预计北美地区在预测期内的复合年增长率最高,因为食品、烘焙和纺织等多个行业越来越多地使用润滑剂产品,从而推动了行业需求。在北美,由于生活方式的改变,对速食和烘焙产品的需求正在增加,并且在未来几年,对用于麵团处理和食品加工机械润滑的产品的需求将会增加。此外,由于药品支出增加,美国的製药业正在成长,预计这将对市场成长产生积极影响。
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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