White Oil Market Size To Reach $3,386.3 Million By 2033

White Oil Market Growth & Trends

The global white oil market size is expected to reach USD 3,386.3 million by 2033, registering a CAGR of 4.2% from 2025 to 2033, according to a new report by Grand View Research, Inc. The product demand is attributed to the increase in the consumption of the product by various end-use industries such as personal care and pharmaceutical.

The personal care application segment extensively utilizes the product as a base ingredient, lubricant, softening agent, and a key processing additive for various personal care products mainly including cosmetics, make-up products, lipsticks, skin care lotions, and hair care products. Multiple uses of white oil, coupled with the growth of the personal care industry in developing countries, are driving the product demand.

White oil can be easily blended with other base oils and chemicals for use in adhesive formulations. It enables the adhesive to maintain transparency for a longer duration. Due to the performance-enhancing properties of white oil, the consumption for the same is expected to rapidly rise in the adhesive application segment in the next couple of years.

The product has a wide application scope in the personal care sector. It is primarily used as a base ingredient for manufacturing a large array of personal care products ranging from hair care to skincare product categories. The personal care segment is expected to drive the white oil industry demand in the next few years owing to the increasing use of cosmetics and skincare products, especially in developing countries such as China, India, and Brazil. However, adhesives, agriculture, and polymers are estimated to offer significant growth opportunities for the market over the forecast period.

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White Oil Market Report Highlights

• By application, the personal care and cosmetics dominated the application segment with a revenue share of 29.0% in 2024.

• The adhesives segment is experiencing the fastest growth in the market with CAGR 4.6%, driven by rising demand for industrial and construction adhesives that require low-viscosity, high-purity oils for performance and stability.

• Asia Pacific dominated the market with the largest revenue share of 53.1% in 2024, due to expansion in cosmetics, pharmaceuticals, and food processing industries directly increasing demand for high-purity white oil.

• The North America market is propelled by stringent regulatory standards across pharmaceuticals, food, and personal care products, creating strong demand for high-purity, refined oils.

White Oil Market Segmentation

Grand View Research has segmented global white oil market report based on application, and region:

White Oil Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)

• Adhesives

• Agriculture

• Food

• Pharmaceutical

• Personal Care

• Textile

• Polymers

• Others

White Oil Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • Italy

  • Spain

  • France

• Asia Pacific

  • China

  • Japan

  • South Korea

  • India

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players of White Oil Market

• ExxonMobil Corporation

• Chevron Corporation

• Shell plc

• APAR Industries Ltd.

• Savita Oil Technologies Limited

• Gandhar Oil Refinery (India) Limited

• Bharat Petroleum Corporation Limited

• Raj Petro

• Velvex

• Eastern Petroleum Pvt. Ltd.