White Oil Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Chemicals & Materials

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White Oil Market: Overview

The market size for white oil was USD 1.8 billion in 2021, and it is projected to grow at a CAGR of 4 percent during the forecast period. The growing need for product in the pharmaceutical and personal care industries is projected to be the main driver of market demand. Rising product demand from cosmetics and medical applications is anticipated to be a key market driver globally. Mineral oils that have been refined to make them pure, stable, colorless, odorless, and non-toxic are known as white oils.

The product is produced by refining paraffinic and naphthenic crude oil as feedstock, and it can also be made from natural gas using a technology known as gas-to-liquid conversion. The Fischer-Tropsch method, which turns natural gas into highly pure white oils with little aromatic hydrocarbon content, is used by Royal Dutch Shell N.V. to produce white oil from natural gas. Future supply-demand conditions are anticipated to be impacted by volatile raw material costs as well as geophysical and political unrest in important oil trade regions. In consequence, it is projected that this will have a negative impact on the product's production and consumption on the global market over the coming several years.

The demand for the product has increased in a number of developing and developed regions as a result of an optimistic prognosis for the expansion of the personal care, pharmaceutical, food, and polymer processing sectors. Another important aspect anticipated to contribute to the market's growth during the forecast period is the product's quickly rising demand in the agriculture, adhesives, and textile application areas. Although a shortage of raw resources and a price decline may limit market expansion, technical innovation is likely to support the industry's steady growth over the next few years. The product is used as an additive or a basic ingredient in the manufacture of pharmaceutical products such as emollients, internal lubricants, ointments, and laxatives. White oil is chemically stable and has effective antibacterial properties when coupled with other synthetic products. Due to the product's outstanding mixing capabilities, it is frequently employed in therapeutic applications. As a result of the expansion of the pharmaceutical industry, the demand for the product is most likely to increase throughout the projection period.

White Oil Market: COVID-19 Impact

Global demand for white oils was negatively impacted by the COVID-19 pandemic, falling by an expected 5% in 2020. From one country to the next, the rate of decline was different. Due to temporary factory closures or a reduction in production activities, developed markets like Germany, the United States, France, and the United Kingdom were among those most adversely affected during the first wave of COVID-19. As a result, the decreases, which ranged between 5% and 10%, were higher in these markets. In 2020, there was a 3% decrease in demand in China and India as well. Drops in demand, however, were not considered in other Asian nations like South Korea, Japan, and Indonesia for a variety of reasons.

White Oil Market: Drivers

Quickly Expanding Personal Care Sector to Drive Market Growth

The growing demand for pharmaceuticals and other personal care items is anticipated to fuel global revenue growth. The global market for personal care products is anticipated to increase as a result of increasing demand for grooming products and shifting consumer preferences toward organic and natural goods. This is anticipated to result in a sizable supply of white mineral oil. This oil's ability to withstand moisture motivates cosmetic companies to employ it in personal care products. In order to cure rough, dry, scaly, itchy, and other minor skin irritations, white oil is used as a moisturizer. White oil is useful for softening items made of polymers and rubber. Additionally, it is employed in the creation of emollients, penicillin, and ocular lubricants, all of which are anticipated to increase demand for white oil. The demand for tiers is increasing due to automation and the expanding auto industry, which is also helping the demand for white oil in the tier manufacturing sector. White mineral oil's numerous uses in the plastic, rubber and food packaging industries are anticipated to fuel market revenue development.

Growing Application in Pharmaceuticals Driving Market Growth

White oil is primarily utilized in the pharmaceutical industry as a primary lubricant in medical equipment and machinery. Additionally, it has uses in insecticide sprays for the management of a variety of pests and scale insects, including aphids, scale, mealybugs, mites, citrus leaf miners, and smooth-skinned caterpillars. Additionally, white oil is used in the production of medicinal formulations like laxatives, pomades, gelatin capsules, and excipients. Additionally, the demand for white mineral oil may be fueled by the pharmaceutical industry's ongoing expansion due to product variations and ongoing advancements. The white oil market is expected to experience growth due to a rise in product usage in the creation of ointments due to its advantages in the treatment of skin damage. Major businesses are consistently expanding their capacity to produce medicines, tablets, syrups, ointments, and other items, which is likely to increase their market share. The demand for gelatin capsules would also increase due to the rising incidence of health issues such as osteoarthritis, aged skin, brittle and weak bones, and obesity.

White Oil Market: Restraints

Crude Oil Supply Shock by Russia-Ukraine Conflict to Hamper Market Growth

The production of white oil from various petroleum sources was impacted by the disruption in the world's crude oil supply that occurred during the Russia-Ukraine crisis. Several nations, including the US and the UK, curtailed Russian oil supplies. A few other nations began buying in a panic, which led to a spike in the price of crude oil globally. The disruption of the global supply in various nations is anticipated to limit the use of white oil on the market. The easy accessibility of numerous white oil substitutes is also inhibiting market revenue expansion. White oil can occasionally cause stinging, burning, irritation, and redness when used directly. Untreated and lightly processed mineral oils can occasionally cause human cancer, which could partially impede market expansion in terms of sales.

White Oil Market: Segment Overview

Personal Care and Cosmetic Industry to Dominate Market due to its Rising Demand

White oils are used as a base oil in a variety of products, including body lotions, facial creams, hair oils, and hair creams. White oil consumption has increased as a result of rising personal care product demand as well as the global personal care and pharmaceutical industries' expansion. It is projected that the growing demand will continue to rise as the market for personal care products and pharmaceuticals expand. White oils' high ability to withstand moisture will likely help drive the market during the forecast period due to rising demand from the cosmetics industry. It is used in the pharmaceutical business to make ointments, emollients, and eye lubricants, and it is also used to make penicillin.

With Increased Demand for Personal Care Products, Light Paraffinic Category Dominated Market

The white oil market is divided into light paraffinic, heavy paraffinic, and naphthenic segments based on product type. The segment with the biggest revenue share in 2021 was light paraffinic. A combustible hydrocarbon that burns as fuel is paraffin, commonly referred to as kerosene or liquid paraffin. Cyclic paraffin and alkanes, which are related to petroleum jelly, make up this oil's chemical makeup. Due to the presence of these hydrocarbons, white oil is used in personal care products, specifically for skin softening in salons and for spa treatments on cuticles, hands, and feet. It also helps to relieve discomfort from stiff muscles and joints.

White Oil Market: Regional Landscape

Asia Pacific to Dominate Market due to its Growing Consumption of White Oils

The Asia Pacific area is the white oil industry's most significant and fastest-growing market. China is one of the Asia-Pacific region's biggest consumers of white oil. Globally, China is emerging as the most significant market for cosmetics and skincare goods. The largest significant use of white oils in India is in the hairdressing industry, which is a subset of the cosmetics and personal care sector. Three-fourths of the nation's usage of white oil is accounted for by the pharmaceutical and general cosmetics businesses. Japan is currently the third-largest cosmetics market in the world. Although the population of Japan is aging, the cosmetics industry is growing due to a rise in consumer confidence and, consequently, demand from foreign tourists. In addition, firms are expanding cosmetics production in Japan in response to the rising demand for Japanese cosmetics from Asian consumers. The need for white oils is likely to increase over the projected period as a result of the rising demand for textiles, plastic polymers, cosmetics, medicines, and adhesives.

Over the projected period, the Middle East and Africa are expected to experience a sizable revenue-based CAGR. The expansion of the pharmaceutical sector in the area is blamed for the rise. In the Middle East, particularly Saudi Arabia, the pharmaceutical sector is likely to develop due to rising healthcare costs and government assistance, which is anticipated to positively affect market growth throughout the projection period. The product's rising use as a lubricant in a number of industries, including the food, bakery, and textile sectors, will fuel industry demand.  Over the future years, the demand for the product used for handling dough and for lubricating food handling machinery will increase due to the rising popularity of fast food and bakery items in North America as a result of changing lifestyles. The rise of the market in North America is anticipated to be fueled by the expansion of the pharmaceutical industry. The U.S. pharmaceutical sector is expanding as a result of rising medical spending, which is anticipated to boost market expansion.

Global White Oil Market: Competitive Landscape

Sonneborn US Holdings, Inc. and Sonneborn Cooperatief U.A were purchased by HollyFrontier Corporation in February 2019. The goal of this acquisition was to improve the company's specialty goods. Sonneborn's distribution network also aided HollyFrontier Corporation's growth in North America and Europe.

Few of the players in the White Oil Market include China Petroleum & Chemical Corp (Sinopec Corporation), Exxon Mobil Corporation, Calumet Specialty Products Partners, L.P., Chevron Corp, Total S.A., Royal Dutch Shell plc., Fuchs Perlolub SE, Nynas AB, H&R GmbH & Co. KGaA, Panama Petrochem Ltd., Savita Oil Technologies Ltd., Apar Industries Limited., C J Robinson Company Inc., Morris Lubricants, Petroliam Nasional Berhad (PETRONAS), Raj Petro Specialties P. LTD., Kerax Limited, Petro-Canada Lubricants, Lubline, Sonneborn, and Others.

Regional Classification of the Global White Oil Market is Described Below:

North America

  • U.S.
  • Canada


  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability

Key Elements Included In The Study: Global White Oil Market

  • White Oil Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2018 - 2022
  • Volume Consumption at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Production Output Analysis (Major Producing Regions)
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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