Europe White Oil Market by SWOT Analysis, Segmentations, Development Status and Outlook -2028

 

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 the Pharmaceuticals Industry

White oil plays a crucial role in the pharmaceutical industry, serving as a spray and ointment carrier, capsule adjuvant, and release agent. As one of the fastest-growing sectors, the pharmaceutical industry has seen uninterrupted expansion in recent years. Companies in this sector focus on producing generics, therapeutic medicines, active pharmaceutical ingredients, and traditional medicines.

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Germany stands as a global leader in pharmaceutical manufacturing, with the UK also ranking among the top producers worldwide. The UK pharmaceutical industry significantly contributes to the country's annual economic turnover. Additionally, India holds a strong position in the global pharmaceuticals market and is the largest supplier of generic drugs. The continuous growth of the pharmaceutical sector across these regions is driving the demand for white oil in pharmaceutical formulations.

Market Overview

Key contributors to the European white oil market include Germany, France, the UK, Italy, and Russia. Europe boasts a well-established personal care industry, making it the largest market for cosmetics and personal care products globally. White oil used in cosmetic lip care products must comply with the EU cosmetic regulation 1223/2009, ensuring adherence to polycyclic aromatic hydrocarbon purity specifications. Additionally, the European Food Safety Authority has set an Acceptable Daily Intake (ADI) of 12 mg/kg body weight per day for medium and high-viscosity white mineral oils. Such regulatory support drives consumer preference for white oil-infused products, increasing demand in the personal care sector and positively influencing the European white oil market.

Beyond personal care, white oil is widely used in adhesives, animal vaccines, pharmaceuticals, and polystyrene. Its high purity and cost-effectiveness make it an attractive ingredient for various applications, creating significant revenue opportunities in the European market. Furthermore, rising demand from the food sector has fueled the need for food-grade lubricants, further boosting white oil consumption in the food industry.

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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 & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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