White Oil Market Size to Grow At 3% CAGR From 2025 to 2030

White Oil Market  (2025 – 2030)

As per our research report, the White Oil Market size is estimated to be growing at a CAGR of 3% from 2025 to 2030.

White oils are highly refined oils sourced from paraffinic or naphthenic base materials. These oils are colorless and odorless, with the option to be either mineral or synthetic. Their chemical and biological stability, combined with their ability to prevent the growth of harmful bacteria, makes them a crucial and widely used ingredient in multiple industrial applications.

White oil plays a crucial role in the pharmaceutical industry, acting as a vital component in a wide array of formulations and medications. It is primarily utilized as an inert substance, serving as a carrier or enhancing the stability and texture of medicinal products. This oil is commonly included in oral medications, ointments, creams, lotions, and other medical formulations, providing lubrication, supporting drug solubility, and improving the overall effectiveness of pharmaceutical products. Known for its safety, stability, and non-irritating characteristics, white oil is expected to remain an essential ingredient in both current and future pharmaceutical formulations. As the global population grows and ages, the demand for white oil in medications and personal care items is projected to rise.

White oil, a refined mineral oil derived from petroleum, is subject to fluctuations in crude oil prices, which directly affect its production costs. When crude oil prices rise, the cost of producing and refining white oil increases, potentially reducing the profitability of manufacturers. Additionally, shifts in oil prices may influence consumer behavior and demand for petroleum-based products, including white oil. Consumers may seek alternatives or reduce their consumption of such products, which could hinder market growth.

The white oil market was significantly impacted by the COVID-19 pandemic. The implementation of various restrictions to control the spread of the virus led to a decrease in demand. Industrial production across multiple sectors was disrupted, with the steel industry being particularly affected. The pandemic led to a notable decline in steel production due to halted operations and reduced demand from end-user industries. Similarly, the food and beverage sector faced considerable supply chain interruptions, further impacting the white oil market.

The rising demand for safe beauty and personal care products presents new growth opportunities for the white oil market. There is an increasing emphasis on using non-toxic, naturally sourced ingredients in personal care and beauty items. Despite being derived from petroleum, the inert and non-toxic properties of white oil make it suitable for inclusion in such products. Companies now have the opportunity to develop natural and organic products using white oil as a foundation. As consumer preferences shift toward clean, safe, and cruelty-free products, there is a growing tendency to select items that are naturally derived and free from toxins. This shift is expected to create new opportunities for growth in the white oil market.

KEY MARKET INSIGHTS:

• Based on the Product Grade, The pharmaceutical-grade segment dominated the global market, driven by the rising prevalence of diseases, which has fueled significant research and development efforts within the pharmaceutical industry. Pharmaceutical-grade white oil is widely utilized in the production of a variety of medicinal formulations. Furthermore, the increasing awareness of personal care has boosted the demand for personal care products that incorporate pharmaceutical-grade white oil. The technical-grade segment ranked as the second-largest contributor to revenue during the forecast period. Technical-grade white oil is a refined, colorless, and odorless paraffinic mineral oil, commonly used in numerous industrial applications.

• Based on the End-Use Industry, The pharmaceuticals segment was the primary revenue driver and is anticipated to maintain its growth throughout the forecast period. This growth is largely attributed to increased investments in pharmaceutical sector advancements in both developed and developing economies, which is expected to elevate the demand for white oil in the production of various pharmaceutical formulations. The personal care and cosmetics segment emerged as the second-largest revenue contributor during the forecast period. This growth can be attributed to the rising awareness of self-grooming, which has led to a surge in demand within the personal care industry.

• Based on the region, The Asia-Pacific region led the market, emerging as both the largest and fastest-growing area. China holds a dominant position in the global textile market, accounting for approximately 40% of the market share, with India in second place. As the world’s largest textile producer and exporter, China’s textile industry plays a crucial role in its economy, with major exports including clothing accessories, textile yarns, and textile articles. In Europe, there is a strong emphasis on food safety and quality standards. The high purity and inert properties of white oil make it ideal for various food-related applications. It is widely used as a food-grade lubricant in machinery involved in food processing, ensuring smooth operations while meeting stringent safety regulations. As the European food industry continues to adapt to consumer demands, the versatility and regulatory compliance of white oil as both an ingredient and lubricant are expected to drive sustained market growth.

• Companies playing a leading role in the White Oil Market profiled in this report are ExxonMobil Fuels & Lubricants, Sinopec Corporation and Seojin Chemical.

Global White Oil Market Segmentation: By Product Grade: