Malaysia White Oil Market, By Application (Personal Care & Cosmetics, Pharmaceuticals, Food & Beverage, Agricultural, Automotive, and Others), By Region, Competition, Forecast and Opportunities 2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMalaysia White Oil Market, By Application (Personal Care & Cosmetics, Pharmaceuticals, Food & Beverage, Agricultural, Automotive, and Others), By Region, Competition, Forecast and Opportunities 2028
In 2021, 92.1% sales of beauty and personal care product occurred offline in Malaysia.
Malaysia white oil market is expected to expand during the projected period due to increasing demand from personal care & cosmetic sector as it is utilized as a base ingredient and as an emollient during the processing of various personal care products such as cosmetics, skincare creams, moisturizers, baby products, body lotions, hair oils, shampoos, fragrances, and water-resistant creams. Along with this, white oil plays a vital role in pharmaceuticals industry due to its excellent miscibility property and hence it is used as a base for most of the ointments which are frequently applied in case of skin burns, scars, cuts, and others. Moreover, it can be mixed with various polymers and can be utilized for manufacturing various chemicals which are the main components of medicines and are used for curing specific diseases result in propelling the growth of Malaysia white oil market in the projected period.
Malaysia white oil market is a dynamic and competitive sector that offers opportunities for growth and innovation. The market players are focusing on expanding their product portfolio, enhancing their quality standards, improving their distribution network, and increasing their market share. Along with this, merger, and acquisition activity in the white oil market enhances companies' presence in the region as these acquisitions help companies to better serve their customers and meet the growing demand for White Oil in Malaysia in the forecasted period.
Growing Demand in Food & Beverages Industry
Rising demand for healthy and safe food among the people has increased the utility of packaged food items. White oil is applied on the food packets to soften the polymeric packaging material and serves as a release agent in food processing, preventing food products from sticking to molds, trays, and surfaces during production. It enables easy demolding and contributes to the preservation of product integrity. Additionally, several studies on the use of white oil in food packaging have shown that it increases the food's storage life and preserves the freshness of various food products, including fruits, vegetables, poultry, meats, and fish. Improvement in appearance and shelf life of food after using white oil during its packaging have attracted many key players of packed food industry. Food grade white oil is used as a lubricant for equipment parts that come into direct contact with food. It ensures the safe and efficient functioning of machinery while adhering to stringent food safety regulations.
For instance, Davor offers high purity, low-viscosity, highly refined paraffinic process oil namely Lubtex Mineral oil (White oil) for food processing.
Therefore, increasing utilization of white oil in the food & beverage sector propel the demand of the Malaysia white oil market in the upcoming years.
Download Free Sample ReportRising Demand from Pharmaceutical & Personal Care Sector
White oil serves multiple purposes in the pharmaceutical industry, as white oil is widely used in the formulation of pharmaceutical products, including creams, ointments, lotions, and gels. It serves as a base ingredient, providing a smooth and uniform texture while ensuring optimal stability and compatibility with other active ingredients. White oil's inert and hypoallergenic properties make it suitable for topical applications in dermatological and skincare medications.
For instance, the Malaysian government has allocated USD 7.14 billion to the Health Ministry (MoH) for operating and development expenditure including pharmacy and supplies.
Additionally, increasing demand for various personal care products including grooming products and changing consumer preferences for organic and natural products led to the demand of natural ingredient based personal care products which is expected to result in significant supply of mineral based white oil. Moisture resistant property of white oil encourages cosmetic manufacturers to use this oil in personal care products. Thus, white oil is used as a moisturizer for treating rough, dry, scaly itchy, and other minor skin irritations. White oil is helpful for softening polymer and rubber-based products. Also, it is used to manufacture emollients, for penicillin production process, and in eye lubricants, as well as this oil used in baby products, hair care products, neutral and protective diluents for essential oils, and in other applications such as bath cubes, antiperspirant and deodorant sticks which are expected to boost demand for white oil in this industry.
For instance, ExxonMobil launched the Marcol series of white oils (Marcol 52 and Marcol 82) which are used as a component of many cosmetic products, including cleansers, hair care products, makeup and makeup removers.
Moreover, the plastics industry uses low-volatility white oils to produce plastics and various other polymers to improve and control the melt flow rate of the finished polymer to provide release properties or change the physical characteristics. Along with this, white oils also play a vital role in the manufacture of thermoplastic elastomers, as elastomeric materials that can be processed without vulcanization use white oil as an extender to facilitate fabrication, particularly when light color or food approval is required.
Thus, increasing demand of white oil from pharmaceutical and personal care sector dominate the growth of the Malaysia white oil market in the forecast period.
Increasing Demand from
White oil is used as a lubricant in automotive engines, providing excellent protection against friction and wear. Its low viscosity ensures smooth operation, reducing internal component friction and optimizing engine performance and prolonging the lifespan of engine parts, contributing to increased fuel efficiency and reduced maintenance costs. This oil also used to protect metal components from moisture, humidity, and corrosive substances, thereby preventing rust and extending the longevity of various automotive parts, including gears, chains, and bearings due to its excellent rust and corrosion inhibiting properties. Along with this, white oil is employed for lubricating seals and O-rings in automotive systems. It helps maintain seal flexibility, preventing leaks and ensuring proper functioning of components such as gaskets, O-rings, and seals. White oil's compatibility with various rubber and elastomeric materials makes it suitable for these applications. Moreover, this oil is serves as a key ingredient in polish and protectant formulations, providing a shiny and protective coating for surfaces such as dashboards, trims, and use by tire manufacturing industry.
For instance, Shell developed Risella X high-quality technical white oils based on gas to liquids (GTL) technology for automobile application.
Thus, all such factors are expected to drive the demand for white oil in the projected years.
However, fluctuations in crude oil prices can have a direct impact on the cost of producing white oil, for maintain the quality many manufacturers must navigate these price fluctuations result in
Recent Development
- In 2020, FUCHS strengthensspecialty business by acquiring the lubricants business of WELPONER SRL, Italy.
Market Segmentation
Malaysia white oil market
Company Profiles
Chevron Malaysia Limited, ExxonMobil Exploration and Production Malaysia Inc, Fuchs Petrolube (Malaysia) Sdn. Bhd., H & R Malaysia Sdn. Bhd., Shell Malaysia Plc, Davor Sdn Bhd, Gouden Sdn Bhd, Besller Marketing Sdn Bhd, Excelube Marketing Sdn Bhd, and S K Lub & Chem Sdn Bhd
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, Company shares, competitive landscape, growth factors, and trends |
| Segments Covered | Application |
| Region Scope | East Malaysia, West Malaysia |
| Key Companies Profiled | Chevron Malaysia Limited, ExxonMobil Exploration and Production Malaysia Inc, Fuchs Petrolube (Malaysia) Sdn. Bhd., H & R Malaysia Sdn. Bhd., Shell Malaysia Plc, Davor Sdn Bhd, Gouden Sdn Bhd, Besller Marketing Sdn Bhd, Excelube Marketing Sdn Bhd, S K Lub & Chem Sdn Bhd |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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