Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global White Oil Market Outlook

The global white oil market size reached approximately USD 1.50 billion in 2023. The market is projected to grow at a CAGR of 3% between 2024 and 2032.

Key Takeaways

  • White oils offer smoothness, lubrication, and softness in many chemical processes and formulations due to their excellent water-resistant properties.
  • White oils are certified safe for their application in food and dietary products ascribed by the recent halal and kosher certification.
  • Due to its inertness and skin compatibility, white oil serves as an excellent base for topical ointments, and creams.

White oils are highly refined oils made up of paraffinic or naphthenic base stocks. They are colourless, odourless mineral, or synthetic oils that are utilised in a spread of applications, are chemically and biologically stable, and don't allow pathogenic bacterial growth, which makes them a typical staple in numerous industry verticals.

The white oil market growth is driven by its growing applications in the pharmaceutical sector where white oils are used as bases for ointments, laxatives, and various topical formulations due to their purity and inertness. White oils are also readily used in the food sector as lubricants for machinery in food processing and as release agents for baking and food packaging materials. Their colourless, odourless, and tasteless properties, along with their compliance with food safety standards, make them ideal for these applications. Moreover, economic growth in emerging markets leads to increased demand for consumer goods, pharmaceuticals, food products, and industrial applications, all of which require white oils.

Global White Oil Market

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Key Trends and Developments

Innovation in applications; e-commerce and online sales growth; technological advancements in production; and rising health and safety standards are the major trends impacting the white oil market expansion

Date Company Event
Oct 2022 Luberef Luberef, the base oil subsidiary of Saudi Arabian Oil Co., is inaugurating a new speciality production plant in Yanbu, dedicated to producing transformer oil and white oil.
Jan 2024 Chevron Lummus Global LLC (CLG) Chevron Lummus Global LLC (CLG) announced the launch of the largest white oil hydroprocessing unit globally for Hongrun Petrochemical (Weifang) Co., Ltd., located in Weifang, Shandong Province, China.
Feb 2024 Pakistan State Oil (PSO) Pakistan State Oil (PSO), a state-run gas company, and a military engineering group entered into a memorandum of understanding to construct a white oil pipeline designed to carry petroleum products from Karachi to Peshawar.
Trends Impact
Innovation in applications Continuous innovation in the applications of white oil, such as in polymers, textiles, and agriculture, opens new avenues for white oil market development.
E-commerce and online sales growth The rise of e-commerce platforms has significantly impacted the distribution and sales of white oils, with personal care and cosmetics sector indulging in bulk buying via this channel.
Focus on packaging innovations As sustainability concerns grow, there is a trend toward developing more environmentally friendly packaging solutions for white oils.
Technological advancements in production Advances in refining and production technology have led to the availability of higher-purity white oils at a more competitive cost.
Rising health and safety standards This trend affects the market by pushing producers to ensure their products meet stringent regulatory requirements, particularly for applications in food, pharmaceuticals, and personal care products.

White Oil Market Trends

The advancements in refining and production technology have enabled the creation of higher-purity white oils at more competitive costs. Modern refining techniques have become more efficient and effective, enabling manufacturers to produce white oils with higher purity levels. Techniques such as hydrocracking, hydrotreating, and solvent extraction remove more impurities and contaminants from the petroleum base stocks. The result is a product that is colourless, odourless, tasteless, and free of unwanted chemicals, making it safer and more acceptable for a wide range of applications, including in sensitive areas like food processing, pharmaceuticals, and cosmetics.

Chevron Lummus Global LLC (CLG), a renowned player in the oil and gas sector, made a significant announcement in January 2024 regarding the initiation of operations for the world's largest white oil hydroprocessing unit. This state-of-the-art facility has been established for Hongrun Petrochemical (Weifang) Co., Ltd., which is based in Weifang, Shandong Province, China. The facility's designation as the largest of its kind in the world underscores the significant scale and technological advancement that CLG and Hongrun Petrochemical are bringing to the white oil market.

Global White Oil Market By Application

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Market Segmentation

“White Oil Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup Categories
Grade Industrial Grade, Pharmaceutical Grade
Product Type Light Paraffinic, Heavy Paraffinic, Naphthenic
Application Personal Care and Cosmetic, Pharmaceutical, Adhesive, Textile, Polymers, Agriculture, Food and Beverage, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

The light paraffinic segment maintains its dominance in the market due to its rising applications in multiple end-use sectors

Light paraffinic white oils typically hold the highest share in the white oil market. They are preferred for applications requiring oils with less tackiness and where easy application or absorption is necessary. They are widely used in the pharmaceutical, personal care, and food industries for products such as lotions, creams, and ointments, and as release agents in food packaging and processing. Their high purity and ability to meet stringent regulatory standards make them a preferred choice in sensitive applications, contributing to their dominant market share.

Meanwhile, heavy paraffinic white oils are commonly used in applications such as lubricants for machinery, protective coatings for fruits and vegetables, and in various industrial and automotive applications, thereby supporting the white oil market development. Their demand is driven by the need for high-performance lubricants and protective barriers in a range of industrial processes.

The personal care and cosmetic sector accounts for a major white oil market share due to its growing usage in hair care, skincare, and cosmetic products

The personal care and cosmetic sector occupies a significant market share as white oils are used as a base oil for products, like hair oils, hair creams, makeup products, facial creams, and body lotions. Rising demand for personal care products, coupled with the expanding personal care sector around the globe, has led to a rise in demand for white oils. Rising demand from the cosmetic sector due to the strong moisture-resistant properties of white oils is also expected to propel the market during the forecast period.

In the pharmaceutical sector, this oil is utilised in the manufacturing of ointments, emollients, and eye lubricants, and within the penicillin production process. White oil acts as an excipient in various medicinal formulations, where it is used to dilute the active ingredients, making them safer and more effective for patient use. Its inertness ensures that it does not interfere with the medicinal properties of the active ingredients.

Global White Oil Market By Region

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Competitive Landscape

The market players are developing production facilities and establishing partnerships to gain a competitive edge in the market

Company Founding Year Headquarters Operations
Exxon Mobil Corporation 1999 Texas, United States Exploration, production, refining, and marketing of oil and natural gas
Royal Dutch Shell Plc 1907 Hague, Netherlands Exploration, production, refining, and distribution of oil and natural gas
Bharat Petroleum Corporation Limited 1952 Maharashtra, India Exploration and production of oil, gas, and hydrocarbons
Sonneborn LLC 1903 New Jersey, United States Manufacture of high-purity speciality hydrocarbons and vegetable-based emollients

Other major players in the white oil market include Sasol LTD, Petro-Canada Lubricants Inc., Panama Petrochem Ltd., and Apar Industries Ltd., among others; these companies are also involved in the exploration and production of oil.

White Oil Market Analysis by Region

The Asia Pacific region is the fastest-growing market for white oil. China is one of the largest consumers of white oil within the Asia Pacific region as the country is a key market for cosmetics and skincare products, globally. In India, the most important application of white oils lies within hairdressing, which may be a part of the cosmetics and private care sector. The general cosmetics and pharmaceutical sector accounts for around three-fourths of the white oil consumption within the country.

Although Japanese demographics are shrinking, a surge in consumer confidence and the demand from incoming tourists are driving the expansion of the cosmetics market and consequently the white oil. Moreover, due to the increasing demand for textiles, plastics polymers, cosmetics, pharmaceuticals, and adhesives, the white oil market is expected to grow during the forecast period.

The Middle East and Africa (MEA) is expected to witness sizeable growth in the forecast period. Many countries in the MEA region are experiencing industrial growth and diversification, and white oil is crucial in numerous industrial applications, including as a lubricant in manufacturing processes, in plastics and textiles, and in the production of personal care products. The ongoing industrial expansion increases the demand for white oil as a raw material and process agent.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Grade
  • Product Type
  • Application
  • Region
Breakup by Grade
  • Industrial Grade
  • Pharmaceutical Grade
Breakup by Product Type
  • Light Paraffinic
  • Heavy Paraffinic
  • Naphthenic
Breakup by Application
  • Personal Care and Cosmetic
  • Pharmaceutical
  • Adhesive
  • Textile
  • Polymers
  • Agriculture
  • Food and Beverage
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Exxon Mobil Corporation
  • Royal Dutch Shell Plc
  • Bharat Petroleum Corporation Limited
  • Sonneborn LLC
  • Sasol LTD
  • Petro-Canada Lubricants Inc.
  • Panama Petrochem Ltd.
  • Apar Industries Ltd.
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global white oil market attained a value of nearly USD 1.50 billion.

The market is projected to grow at a CAGR of 3% between 2024 and 2032.

The major drivers of the market include the rising demand from the cosmetic industry, manufacturing of specialty adhesives and elastomers, increasing application in food and dietary products, and the increasing demand for textiles and plastics polymers.

Rising demand for personal care products and the expanding pharmaceutical industry are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Based on grade, the market can be divided into industrial grade and pharmaceutical grade.

On the basis of product type, white oil can be segmented into light paraffinic, heavy paraffinic and, naphthenic.

The white oil market can be broadly categorised based on its applications into personal care and cosmetic, pharmaceutical, adhesive, textile, polymers, agriculture, food and beverage, among others.

The major players in the market are Exxon Mobil Corporation, Royal Dutch Shell Plc, Bharat Petroleum Corporation Limited, Sonneborn LLC, Sasol LTD, Petro-Canada Lubricants Inc., Panama Petrochem Ltd., and Apar Industries Ltd., among others.

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