White Oil Global Market Report 2026

White oil, also referred to as mineral white oil or liquid paraffin, is a highly refined, colorless, and odorless mineral oil derived from petroleum. It is free of aromatic compounds and exhibits strong chemical stability. Its primary use is as a base or carrier fluid in applications that demand high levels of purity.

The main types of white oil include mineral-based white oil and synthetic white oil. Mineral-based white oil is a clear, odorless, and highly refined oil obtained from petroleum, widely utilized in the cosmetic, pharmaceutical, and food industries due to its safety and purity. It is offered in light and heavy grades, performing various functions such as lubrication, moisturization, emollient, solvent, protective coating, plasticizer, and release agent. Available in low, medium, and high viscosity variants, white oil finds applications across a wide range of sectors, including pharmaceuticals, cosmetics and personal care, food processing, polymers, textiles, adhesives, and lubricants.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the white oil market by increasing the cost of imported base oils, refining inputs, and specialty packaging materials. The impact is most visible in pharmaceutical and cosmetic grade segments, particularly in Asia Pacific and Europe. Higher tariffs have influenced production costs and downstream pricing. At the same time, tariffs have encouraged domestic refining capacity expansion and local sourcing of high purity white oils.

The white oil market research report is one of a series of new reports from The Business Research Company that provides white oil market statistics, including white oil industry global market size, regional shares, competitors with a white oil market share, detailed white oil market segments, market trends and opportunities, and any further data you may need to thrive in the white oil industry. This white oil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The white oil market size has grown strongly in recent years. It will grow from $2.52 billion in 2025 to $2.67 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growth of pharmaceutical manufacturing, expansion of personal care industry, demand for high purity mineral oils, growth of food processing sector, availability of petroleum refining infrastructure.

The white oil market size is expected to see strong growth in the next few years. It will grow to $3.3 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing regulatory focus on purity standards, growth of cosmetic and skincare products, expansion of medical applications, demand for specialty lubricants, rising use in flexible packaging. Major trends in the forecast period include rising demand for pharmaceutical grade white oil, growing use in cosmetics and personal care products, expansion of food grade lubricant applications, increasing preference for odorless and colorless base oils, higher adoption in polymer and plastic processing.

The increasing demand for safe beauty and personal care products is expected to drive the growth of the white oil market in the coming years. These products are formulated without harmful chemicals or toxic ingredients, aiming to minimize health risks and allergic reactions. The growing consumer awareness of the potential dangers linked to certain ingredients is fueling the preference for safer alternatives. White oil plays a key role in such formulations due to its high purity and chemical stability, making it ideal for sensitive skin applications. It enhances product effectiveness by functioning as a gentle emollient and moisturizer, offering both safety and performance. For example, in September 2024, the Bureau of Labor Statistics, a U.S.-based government agency, reported that consumer spending on personal care products and services rose to $950 in 2023, marking a 9.7% increase from $866 in 2022. Thus, the rising demand for safe beauty and personal care products is contributing significantly to the expansion of the white oil market.

Leading companies in the white oil market are investing in cutting-edge technologies such as advanced hydroprocessing to improve product purity and operational efficiency. Hydroprocessing involves chemical refining processes that utilize hydrogen to eliminate impurities like sulfur, nitrogen, and metals from petroleum fractions while enhancing the quality of finished products. For instance, in February 2024, Chevron Lummus Global LLC, a U.S.-based chemical technology firm launched a new white oil processing unit in China. This facility employs state-of-the-art hydroprocessing techniques, including Isodewaxing and Isofinishing, to produce both industrial-grade and food-grade white oils with enhanced purity and performance.

In July 2025, Royal Dutch Shell plc, a Netherlands-based energy and petrochemicals company, acquired Raj Petro Specialities Pvt. Ltd. for an undisclosed amount. Through this acquisition, Royal Dutch Shell plc intends to reinforce its lubricants portfolio and broaden its presence in the Indian automotive and industrial lubricants market by integrating Raj Petro Specialities' established product range and distribution network. Raj Petro Specialities Pvt. Ltd. is an India-based manufacturing company that specializes in the production of automotive and industrial lubricants, including engine oils, greases, and specialty fluids.

Major companies operating in the white oil market are ExxonMobil Corporation, Shell plc, Chevron Corporation, TotalEnergies SE, ENEOS Corporation, Idemitsu Kosan Co. Ltd., Sinopec Corporation, PetroChina Company Limited, Reliance Industries Limited, Bharat Petroleum Corporation Limited, HF Sinclair Corporation, Sasol Limited, Calumet Specialty Products Partners, H&R Group, FUCHS PETROLUB SE, Apar Industries Ltd., Savita Oil Technologies Limited, Nynas AB, Gandhar Oil Refinery (India) Limited, Renkert Oil Inc., Columbia Petro Chem Pvt. Ltd., Petrobras, LUKOIL PJSC, SK Innovation Co., Ltd.

North America was the largest region in the white oil market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the white oil market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the white oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The white oil market consists of sales of polystyrene processing oils, adhesive-grade white oils, lubricant base oils, and coating and ink oils. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

White Oil Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses white oil market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for white oil ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The white oil market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Mineral-Based White Oil; Synthetic White Oil Equivalents
• 2) By Grade: Light Grade; Heavy Grade
• 3) By Functionality Type: Lubrication; Moisturization; Emollient; Protective Coating; Release Agent
• 4) By Viscosity: Low Viscosity; Medium Viscosity; High Viscosity
• 5) By Application: Pharmaceuticals; Cosmetics And Personal Care; Food Processing; Polymers; Textiles; Lubricants
• Subsegments:
• 1) By Mineral-Based White Oil: Technical Grade; Pharmaceutical Grade; Cosmetic Grade
• 2) By Synthetic White Oil Equivalents: Polyalphaolefin (PAO)-Based White Oil; Highly Refined Synthetic Hydrocarbon Fluids; Medical-Grade Synthetic White Oil; Food-Contact Approved Synthetic White Oil
• Companies Mentioned: ExxonMobil Corporation; Shell plc; Chevron Corporation; TotalEnergies SE; ENEOS Corporation; Idemitsu Kosan Co. Ltd.; Sinopec Corporation; PetroChina Company Limited; Reliance Industries Limited; Bharat Petroleum Corporation Limited; HF Sinclair Corporation; Sasol Limited; Calumet Specialty Products Partners; H&R Group; FUCHS PETROLUB SE; Apar Industries Ltd.; Savita Oil Technologies Limited; Nynas AB; Gandhar Oil Refinery (India) Limited; Renkert Oil Inc.; Columbia Petro Chem Pvt. Ltd.; Petrobras; LUKOIL PJSC; SK Innovation Co., Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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