White Oil Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The White Oil Market Report is Segmented by Application (plastics and Elastomers, Adhesives, Personal Care, Agriculture, Textile, Food and Beverage, Pharmaceutical, Metalworking Applications, and Other Applications (household Products)), Grade (technical/industrial Grade and Pharmaceuticals Grade), Base Oil (Group I, Group II, Group III, and Naphthenic), Viscosity (low, Medium, and High), and Geography (Asia-Pacific, North America, Europe, and the Rest of the World). The Report Offers Market Size and Forecasts for White Oil in Volume (tons) for all the Above Segments.

White Oil Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

White Oil Market Size

White Oil Market Summary
Study Period 2019 - 2030
Market Volume (2025) 1.51 Million tons
Market Volume (2030) 1.61 Million tons
CAGR 1.25 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

White Oil Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of White Oil Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

White Oil Market Analysis

The White Oil Market size is estimated at 1.51 million tons in 2025, and is expected to reach 1.61 million tons by 2030, at a CAGR of 1.25% during the forecast period (2025-2030).

The COVID-19 pandemic negatively impacted the white oil market. Many countries took a wide variety of restrictive measures, which had, in general, a negative effect on demand to prevent the spread of the COVID-19 pandemic. Thus, industrial production in many areas. Moreover, the steel industry is one of the major victims of this pandemic. Steel production declined due to production halts and decreased demand from various end-user industries because of the COVID-19 crisis. Similarly, the food and beverage industry was negatively affected due to significant disruptions in the supply chain. Thus, these disruptions hindered the white oil market.

  • Over the medium term, the major factors driving the growth of the white oil market are the growing demand from the cosmetics and personal care industry and the growing pharmaceutical industry.
  • However, the availability of substitute products and price volatility of raw materials are acting as restraints to the market studied.
  • The potential usage of white oil in the food and beverage industry and increasing usage from the textiles and apparel industry are expected to provide opportunities for the white oil market.
  • The Asia-Pacific region is expected to dominate the white oil market owing to the rapid growth of countries like China, India, and Japan.

White Oil Industry Overview

The white oil market is partially consolidated with many healthy competitions in the market. The major companies (not in any particular order) are China Petrochemical & Chemical Corporation (Sinopec), HF Sinclair Corporation, Calumet Specialty Products Partners, Savita Oil Technologies Limited, and Exxon Mobil Corporation.

White Oil Market Leaders

  1. HF Sinclair Corporation

  2. Savita Oil Technologies Limited

  3. Exxon Mobil Corporation

  4. Calumet Specialty Products Partners

  5. China Petrochemical & Chemical Corporation (Sinopec)

  6. *Disclaimer: Major Players sorted in no particular order
White Oil Market Concentration
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White Oil Market News

  • April 2022: Indorama Ventures Public Company Limited (IVL) announced the completion of the acquisition of Oxiteno SA. Through the acquisition, IVL broadens its development profile into lucrative markets in Latin America and the United States. It established itself as the continent's top producer of surfactants with additional opportunities to improve in Europe and Asia.

White Oil Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand from Cosmetics and Personal Care Industry
    • 4.1.2 Growing Pharmaceutical Industry
  • 4.2 Restraints
    • 4.2.1 Availability of Substitute Products
    • 4.2.2 Price Volatility of Raw Materials
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree Of Competition
  • 4.5 Distribution Channel Analysis
  • 4.6 Factors Affecting Purchase Decisions

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Application
    • 5.1.1 Plastics and Elastomers
    • 5.1.2 Adhesives
    • 5.1.3 Personal Care
    • 5.1.4 Agriculture
    • 5.1.5 Textile
    • 5.1.6 Food and Beverage
    • 5.1.7 Pharmaceutical
    • 5.1.8 Metalworking Applications
    • 5.1.9 Other Applications (Household Products)
  • 5.2 Grade
    • 5.2.1 Technical/Industrial Grade
    • 5.2.2 Pharmaceutical Grade
  • 5.3 Base Oil
    • 5.3.1 Group I
    • 5.3.2 Group II
    • 5.3.3 Group III
    • 5.3.4 Naphthenic
  • 5.4 Viscosity
    • 5.4.1 Low
    • 5.4.2 Medium
    • 5.4.3 High
  • 5.5 Geography
    • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 Rest of Asia-Pacific
    • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Rest of North America
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 Italy
    • 5.5.3.4 Rest of Europe
    • 5.5.4 Rest of the World
    • 5.5.4.1 South America
    • 5.5.4.2 Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Bharat Petroleum Corporation Limited
    • 6.4.2 Calumet Specialty Products Partners
    • 6.4.3 China Petrochemical Corporation (Sinopec)
    • 6.4.4 Columbia Petro Chem Pvt. Ltd.
    • 6.4.5 Exxon Mobil Corporation
    • 6.4.6 H&R Group
    • 6.4.7 HF Sinclair Corporation
    • 6.4.8 Indorama Ventures Public Company Limited (Oxiteno)
    • 6.4.9 NYNAS AB
    • 6.4.10 RENKERT OIL
    • 6.4.11 Savita Oil Technologies Limited
    • 6.4.12 Seasol
    • 6.4.13 Shell
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Potential Usage in the Food and Beverage Industry
  • 7.2 Increasing Usage from Textiles and Apparel Industry
**Subject to Availability
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White Oil Industry Segmentation

White oils are highly refined paraffinic or naphthenic base oils with minimal aromatic content. These oils are colorless, tasteless, odorless, and hydrophobic and do not change their color over time. They are also known as light mineral oils, light liquid paraffin, and light paraffin oils in different parts of the world. White oils were prepared as by-products of sulfonate production, formed when paraffinic or naphthenic base oils were treated with sulfuric acid.

The white oil market is segmented by grade, base oil, viscosity, application, and geography. By grade, the market is segmented into technical/industrial grade and pharmaceutical grade. By base oil, the market is segmented into group I, group II, group III, and naphthenic. By viscosity, the market is segmented into low, medium, and high. By application, the market is segmented into plastics and elastomers, adhesives, personal care, agriculture, textile, food and beverage, pharmaceutical, metalworking applications, and other applications (Household Products). The report also covers the market size and forecasts for the white oil market in 8 countries across major regions. For each segment, the market sizing and forecasts are done on the basis of volume (tons).

Application Plastics and Elastomers
Adhesives
Personal Care
Agriculture
Textile
Food and Beverage
Pharmaceutical
Metalworking Applications
Other Applications (Household Products)
Grade Technical/Industrial Grade
Pharmaceutical Grade
Base Oil Group I
Group II
Group III
Naphthenic
Viscosity Low
Medium
High
Geography Asia-Pacific China
India
Japan
Rest of Asia-Pacific
North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
Italy
Rest of Europe
Rest of the World South America
Middle East and Africa
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White Oil Market Research FAQs

How big is the White Oil Market?

The White Oil Market size is expected to reach 1.51 million tons in 2025 and grow at a CAGR of 1.25% to reach 1.61 million tons by 2030.

What is the current White Oil Market size?

In 2025, the White Oil Market size is expected to reach 1.51 million tons.

Who are the key players in White Oil Market?

HF Sinclair Corporation, Savita Oil Technologies Limited, Exxon Mobil Corporation, Calumet Specialty Products Partners and China Petrochemical & Chemical Corporation (Sinopec) are the major companies operating in the White Oil Market.

Which is the fastest growing region in White Oil Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in White Oil Market?

In 2025, the Asia-Pacific accounts for the largest market share in White Oil Market.

What years does this White Oil Market cover, and what was the market size in 2024?

In 2024, the White Oil Market size was estimated at 1.49 million tons. The report covers the White Oil Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the White Oil Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

White Oil Industry Report

The White Oil Market Report provides a comprehensive industry analysis, focusing on various applications such as plastics and elastomers, adhesives, personal care, agriculture, textile, food and beverage, pharmaceutical, metalworking applications, and other household products. The report segments the market by grade, including technical/industrial grade and pharmaceuticals grade, and by base oil, covering Group I, Group II, Group III, and naphthenic. The analysis includes market segmentation by viscosity levels, categorized into low, medium, and high.

The market overview highlights the global market trends and market growth, offering insights into market leaders and market share. The industry report examines the market size and market value, providing detailed industry statistics and market data. This comprehensive market report includes a market forecast outlook, predicting market growth and offering an industry outlook up to the forecast period.

Industry research and market analysis are integral parts of the report, providing valuable industry information and market predictions. The report also includes a report example and is available as a report PDF for further reference. The market review covers the geographical segmentation, including Asia-Pacific, North America, Europe, and the rest of the world, giving a detailed market overview and industry trends.

The White Oil Market Report is an essential resource for understanding the market dynamics, with a focus on industry research and market segmentation. The industry reports offer a detailed market review, emphasizing market outlook and industry trends. This industry report is crucial for research companies looking to gain insights into the white oil market, providing a thorough market analysis and industry statistics. The report is a valuable tool for understanding the industry size, industry sales, and growth rate, ensuring a comprehensive view of the market forecast and market predictions.