White Oil Market
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
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.
Market Dynamics:
Driver:
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.
Restraint:
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.
Opportunity:
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.
Threat:
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.
Region with largest share:
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.
Region with highest CAGR:
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
Key Developments:
In February 2024, Eastman partners with mechanical recycler Dentis Group/Nord Pal Plast to unlock new feedstock for its planned facility in France. These materials, which currently lack a circular solution, will be recycled at Eastman's molecular recycling facility in Port-Jérôme-sur-Seine, Normandy.
In November 2023, Ostium Group partners with Eastman to integrate sustainable packaging solution for medical devices. The collaboration aims to incorporate Eastman’s sustainable packaging solution, Eastar™ 6763 Renew copolyester, into Ostium Group’s innovative CILLAR® Acetabular and Femoral kits for total hip replacements.
In April 2021, bp and Infosys Announce Strategic Collaboration to Drive Integrated Energy Offers to Reduce Emissions at Campuses and Cities. To be piloted at Infosys’ Pune campus, and later be scaled to other Infosys campuses, cities, and industrial and business parks
Types Covered:
• Heavy Paraffinic Oil
• Light Paraffinic Oil
• Aromatic Oil
• Naphthenic Oil
• Other Types
Grades Covered:
• Technical Grade
• Food & Pharmaceutical Grade
• Industrial Grade
• Other Grades
Applications Covered:
• Lubricants & Coolants
• Textile Processing
• Food Additives
• Cosmetics & Personal Care
• Household Products
• Other Applications
End Users Covered:
• Automotive
• Plastics & Polymer Industries
• Wood & Furniture Manufacturers
• Agriculture
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global White Oil Market, By Type
5.1 Introduction
5.2 Heavy Paraffinic Oil
5.3 Light Paraffinic Oil
5.4 Aromatic Oil
5.5 Naphthenic Oil
5.6 Other Types
6 Global White Oil Market, By Grade
6.1 Introduction
6.2 Technical Grade
6.3 Food & Pharmaceutical Grade
6.4 Industrial Grade
6.5 Other Grades
7 Global White Oil Market, By Application
7.1 Introduction
7.2 Lubricants & Coolants
7.3 Textile Processing
7.4 Food Additives
7.5 Cosmetics & Personal Care
7.6 Household Products
7.7 Other Applications
8 Global White Oil Market, By End User
8.1 Introduction
8.2 Automotive
8.3 Plastics & Polymer Industries
8.4 Wood & Furniture Manufacturers
8.5 Agriculture
8.6 Other End Users
9 Global White Oil Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Asian Oil Company
11.2 Bharat Petroleum Corporation Limited
11.3 British Petroleum
11.4 Calumet Refining, LLC
11.5 Castrol Company
11.6 China Petroleum and Chemical Corporation
11.7 Eastman Chemical Company
11.8 Exxon Mobil Corporation
11.9 JX Nippon Oil & Energy Corporation
11.10 Lanxess
11.11 Nynas AB
11.12 Petro-Canada
11.13 Renkert Oil, Inc.
11.14 Repsol
11.15 Royal-Dutch Shell N.V.
11.16 S.A. White Oil Company
11.17 Sasol
11.18 Shell plc
11.19 Sinopec Corporation
11.20 TotalEnergies
List of Tables
1 Global White Oil Market Outlook, By Region (2021-2030) ($MN)
2 Global White Oil Market Outlook, By Type (2021-2030) ($MN)
3 Global White Oil Market Outlook, By Heavy Paraffinic Oil (2021-2030) ($MN)
4 Global White Oil Market Outlook, By Light Paraffinic Oil (2021-2030) ($MN)
5 Global White Oil Market Outlook, By Aromatic Oil (2021-2030) ($MN)
6 Global White Oil Market Outlook, By Naphthenic Oil (2021-2030) ($MN)
7 Global White Oil Market Outlook, By Other Types (2021-2030) ($MN)
8 Global White Oil Market Outlook, By Grade (2021-2030) ($MN)
9 Global White Oil Market Outlook, By Technical Grade (2021-2030) ($MN)
10 Global White Oil Market Outlook, By Food & Pharmaceutical Grade (2021-2030) ($MN)
11 Global White Oil Market Outlook, By Industrial Grade (2021-2030) ($MN)
12 Global White Oil Market Outlook, By Other Grades (2021-2030) ($MN)
13 Global White Oil Market Outlook, By Application (2021-2030) ($MN)
14 Global White Oil Market Outlook, By Lubricants & Coolants (2021-2030) ($MN)
15 Global White Oil Market Outlook, By Textile Processing (2021-2030) ($MN)
16 Global White Oil Market Outlook, By Food Additives (2021-2030) ($MN)
17 Global White Oil Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
18 Global White Oil Market Outlook, By Household Products (2021-2030) ($MN)
19 Global White Oil Market Outlook, By Other Applications (2021-2030) ($MN)
20 Global White Oil Market Outlook, By End User (2021-2030) ($MN)
21 Global White Oil Market Outlook, By Automotive (2021-2030) ($MN)
22 Global White Oil Market Outlook, By Plastics & Polymer Industries (2021-2030) ($MN)
23 Global White Oil Market Outlook, By Wood & Furniture Manufacturers (2021-2030) ($MN)
24 Global White Oil Market Outlook, By Agriculture (2021-2030) ($MN)
25 Global White Oil Market Outlook, By Other End Users (2021-2030) ($MN)
26 North America White Oil Market Outlook, By Country (2021-2030) ($MN)
27 North America White Oil Market Outlook, By Type (2021-2030) ($MN)
28 North America White Oil Market Outlook, By Heavy Paraffinic Oil (2021-2030) ($MN)
29 North America White Oil Market Outlook, By Light Paraffinic Oil (2021-2030) ($MN)
30 North America White Oil Market Outlook, By Aromatic Oil (2021-2030) ($MN)
31 North America White Oil Market Outlook, By Naphthenic Oil (2021-2030) ($MN)
32 North America White Oil Market Outlook, By Other Types (2021-2030) ($MN)
33 North America White Oil Market Outlook, By Grade (2021-2030) ($MN)
34 North America White Oil Market Outlook, By Technical Grade (2021-2030) ($MN)
35 North America White Oil Market Outlook, By Food & Pharmaceutical Grade (2021-2030) ($MN)
36 North America White Oil Market Outlook, By Industrial Grade (2021-2030) ($MN)
37 North America White Oil Market Outlook, By Other Grades (2021-2030) ($MN)
38 North America White Oil Market Outlook, By Application (2021-2030) ($MN)
39 North America White Oil Market Outlook, By Lubricants & Coolants (2021-2030) ($MN)
40 North America White Oil Market Outlook, By Textile Processing (2021-2030) ($MN)
41 North America White Oil Market Outlook, By Food Additives (2021-2030) ($MN)
42 North America White Oil Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
43 North America White Oil Market Outlook, By Household Products (2021-2030) ($MN)
44 North America White Oil Market Outlook, By Other Applications (2021-2030) ($MN)
45 North America White Oil Market Outlook, By End User (2021-2030) ($MN)
46 North America White Oil Market Outlook, By Automotive (2021-2030) ($MN)
47 North America White Oil Market Outlook, By Plastics & Polymer Industries (2021-2030) ($MN)
48 North America White Oil Market Outlook, By Wood & Furniture Manufacturers (2021-2030) ($MN)
49 North America White Oil Market Outlook, By Agriculture (2021-2030) ($MN)
50 North America White Oil Market Outlook, By Other End Users (2021-2030) ($MN)
51 Europe White Oil Market Outlook, By Country (2021-2030) ($MN)
52 Europe White Oil Market Outlook, By Type (2021-2030) ($MN)
53 Europe White Oil Market Outlook, By Heavy Paraffinic Oil (2021-2030) ($MN)
54 Europe White Oil Market Outlook, By Light Paraffinic Oil (2021-2030) ($MN)
55 Europe White Oil Market Outlook, By Aromatic Oil (2021-2030) ($MN)
56 Europe White Oil Market Outlook, By Naphthenic Oil (2021-2030) ($MN)
57 Europe White Oil Market Outlook, By Other Types (2021-2030) ($MN)
58 Europe White Oil Market Outlook, By Grade (2021-2030) ($MN)
59 Europe White Oil Market Outlook, By Technical Grade (2021-2030) ($MN)
60 Europe White Oil Market Outlook, By Food & Pharmaceutical Grade (2021-2030) ($MN)
61 Europe White Oil Market Outlook, By Industrial Grade (2021-2030) ($MN)
62 Europe White Oil Market Outlook, By Other Grades (2021-2030) ($MN)
63 Europe White Oil Market Outlook, By Application (2021-2030) ($MN)
64 Europe White Oil Market Outlook, By Lubricants & Coolants (2021-2030) ($MN)
65 Europe White Oil Market Outlook, By Textile Processing (2021-2030) ($MN)
66 Europe White Oil Market Outlook, By Food Additives (2021-2030) ($MN)
67 Europe White Oil Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
68 Europe White Oil Market Outlook, By Household Products (2021-2030) ($MN)
69 Europe White Oil Market Outlook, By Other Applications (2021-2030) ($MN)
70 Europe White Oil Market Outlook, By End User (2021-2030) ($MN)
71 Europe White Oil Market Outlook, By Automotive (2021-2030) ($MN)
72 Europe White Oil Market Outlook, By Plastics & Polymer Industries (2021-2030) ($MN)
73 Europe White Oil Market Outlook, By Wood & Furniture Manufacturers (2021-2030) ($MN)
74 Europe White Oil Market Outlook, By Agriculture (2021-2030) ($MN)
75 Europe White Oil Market Outlook, By Other End Users (2021-2030) ($MN)
76 Asia Pacific White Oil Market Outlook, By Country (2021-2030) ($MN)
77 Asia Pacific White Oil Market Outlook, By Type (2021-2030) ($MN)
78 Asia Pacific White Oil Market Outlook, By Heavy Paraffinic Oil (2021-2030) ($MN)
79 Asia Pacific White Oil Market Outlook, By Light Paraffinic Oil (2021-2030) ($MN)
80 Asia Pacific White Oil Market Outlook, By Aromatic Oil (2021-2030) ($MN)
81 Asia Pacific White Oil Market Outlook, By Naphthenic Oil (2021-2030) ($MN)
82 Asia Pacific White Oil Market Outlook, By Other Types (2021-2030) ($MN)
83 Asia Pacific White Oil Market Outlook, By Grade (2021-2030) ($MN)
84 Asia Pacific White Oil Market Outlook, By Technical Grade (2021-2030) ($MN)
85 Asia Pacific White Oil Market Outlook, By Food & Pharmaceutical Grade (2021-2030) ($MN)
86 Asia Pacific White Oil Market Outlook, By Industrial Grade (2021-2030) ($MN)
87 Asia Pacific White Oil Market Outlook, By Other Grades (2021-2030) ($MN)
88 Asia Pacific White Oil Market Outlook, By Application (2021-2030) ($MN)
89 Asia Pacific White Oil Market Outlook, By Lubricants & Coolants (2021-2030) ($MN)
90 Asia Pacific White Oil Market Outlook, By Textile Processing (2021-2030) ($MN)
91 Asia Pacific White Oil Market Outlook, By Food Additives (2021-2030) ($MN)
92 Asia Pacific White Oil Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
93 Asia Pacific White Oil Market Outlook, By Household Products (2021-2030) ($MN)
94 Asia Pacific White Oil Market Outlook, By Other Applications (2021-2030) ($MN)
95 Asia Pacific White Oil Market Outlook, By End User (2021-2030) ($MN)
96 Asia Pacific White Oil Market Outlook, By Automotive (2021-2030) ($MN)
97 Asia Pacific White Oil Market Outlook, By Plastics & Polymer Industries (2021-2030) ($MN)
98 Asia Pacific White Oil Market Outlook, By Wood & Furniture Manufacturers (2021-2030) ($MN)
99 Asia Pacific White Oil Market Outlook, By Agriculture (2021-2030) ($MN)
100 Asia Pacific White Oil Market Outlook, By Other End Users (2021-2030) ($MN)
101 South America White Oil Market Outlook, By Country (2021-2030) ($MN)
102 South America White Oil Market Outlook, By Type (2021-2030) ($MN)
103 South America White Oil Market Outlook, By Heavy Paraffinic Oil (2021-2030) ($MN)
104 South America White Oil Market Outlook, By Light Paraffinic Oil (2021-2030) ($MN)
105 South America White Oil Market Outlook, By Aromatic Oil (2021-2030) ($MN)
106 South America White Oil Market Outlook, By Naphthenic Oil (2021-2030) ($MN)
107 South America White Oil Market Outlook, By Other Types (2021-2030) ($MN)
108 South America White Oil Market Outlook, By Grade (2021-2030) ($MN)
109 South America White Oil Market Outlook, By Technical Grade (2021-2030) ($MN)
110 South America White Oil Market Outlook, By Food & Pharmaceutical Grade (2021-2030) ($MN)
111 South America White Oil Market Outlook, By Industrial Grade (2021-2030) ($MN)
112 South America White Oil Market Outlook, By Other Grades (2021-2030) ($MN)
113 South America White Oil Market Outlook, By Application (2021-2030) ($MN)
114 South America White Oil Market Outlook, By Lubricants & Coolants (2021-2030) ($MN)
115 South America White Oil Market Outlook, By Textile Processing (2021-2030) ($MN)
116 South America White Oil Market Outlook, By Food Additives (2021-2030) ($MN)
117 South America White Oil Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
118 South America White Oil Market Outlook, By Household Products (2021-2030) ($MN)
119 South America White Oil Market Outlook, By Other Applications (2021-2030) ($MN)
120 South America White Oil Market Outlook, By End User (2021-2030) ($MN)
121 South America White Oil Market Outlook, By Automotive (2021-2030) ($MN)
122 South America White Oil Market Outlook, By Plastics & Polymer Industries (2021-2030) ($MN)
123 South America White Oil Market Outlook, By Wood & Furniture Manufacturers (2021-2030) ($MN)
124 South America White Oil Market Outlook, By Agriculture (2021-2030) ($MN)
125 South America White Oil Market Outlook, By Other End Users (2021-2030) ($MN)
126 Middle East & Africa White Oil Market Outlook, By Country (2021-2030) ($MN)
127 Middle East & Africa White Oil Market Outlook, By Type (2021-2030) ($MN)
128 Middle East & Africa White Oil Market Outlook, By Heavy Paraffinic Oil (2021-2030) ($MN)
129 Middle East & Africa White Oil Market Outlook, By Light Paraffinic Oil (2021-2030) ($MN)
130 Middle East & Africa White Oil Market Outlook, By Aromatic Oil (2021-2030) ($MN)
131 Middle East & Africa White Oil Market Outlook, By Naphthenic Oil (2021-2030) ($MN)
132 Middle East & Africa White Oil Market Outlook, By Other Types (2021-2030) ($MN)
133 Middle East & Africa White Oil Market Outlook, By Grade (2021-2030) ($MN)
134 Middle East & Africa White Oil Market Outlook, By Technical Grade (2021-2030) ($MN)
135 Middle East & Africa White Oil Market Outlook, By Food & Pharmaceutical Grade (2021-2030) ($MN)
136 Middle East & Africa White Oil Market Outlook, By Industrial Grade (2021-2030) ($MN)
137 Middle East & Africa White Oil Market Outlook, By Other Grades (2021-2030) ($MN)
138 Middle East & Africa White Oil Market Outlook, By Application (2021-2030) ($MN)
139 Middle East & Africa White Oil Market Outlook, By Lubricants & Coolants (2021-2030) ($MN)
140 Middle East & Africa White Oil Market Outlook, By Textile Processing (2021-2030) ($MN)
141 Middle East & Africa White Oil Market Outlook, By Food Additives (2021-2030) ($MN)
142 Middle East & Africa White Oil Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
143 Middle East & Africa White Oil Market Outlook, By Household Products (2021-2030) ($MN)
144 Middle East & Africa White Oil Market Outlook, By Other Applications (2021-2030) ($MN)
145 Middle East & Africa White Oil Market Outlook, By End User (2021-2030) ($MN)
146 Middle East & Africa White Oil Market Outlook, By Automotive (2021-2030) ($MN)
147 Middle East & Africa White Oil Market Outlook, By Plastics & Polymer Industries (2021-2030) ($MN)
148 Middle East & Africa White Oil Market Outlook, By Wood & Furniture Manufacturers (2021-2030) ($MN)
149 Middle East & Africa White Oil Market Outlook, By Agriculture (2021-2030) ($MN)
150 Middle East & Africa White Oil Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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