White Oil Market Size, Share & Trends Report

White Oil Market Size, Share & Trends Analysis Report By Application (Pharmaceutical, Adhesives, Agriculture, Food, Personal Care, Textile, Polymers), By Region (MEA, North America, APAC, Europe), And Segment Forecasts, 2019 - 2025

  • Published Date: Apr, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-1-68038-203-7
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 80

Industry Insights

The global white oil market size was estimated at USD 2.03 billion in 2018 and is projected to expand at a CAGR of 4.2% from 2019 to 2025. Rising product demand in production of personal care products is anticipated to drive the global market over the forecast years. Personal care is a diverse industry that is anticipated to witness robust growth, owing to a broad consumer base, especially in Asia Pacific countries including China, India, Malaysia, Singapore, and Vietnam.

White oil is a tasteless and odorless decolorized mineral oil, which is highly refined and generally acquired from the paraffinic crude feedstock. Various properties, such as good hydrophobicity and bio-stability, increase its usage in a wide range of applications. Furthermore, it comprises sulfur content and can be mixed with other oils to enhance the finishing of end products. Technical, food, and medicinal are the major product grades available commercially.

U.S. white oil market

The market in North America is expected to witness rapid growth owing to the presence of major companies, such as Proctor & Gamble and Unilever, coupled with an increased focus on product development in cosmetic and personal care sector. U.S. is one of the most promising markets due to the rising pharmaceutical sector. Large geriatric population base, increasing cases of chronic/lifestyle diseases, and technological advancements are the factors expected to spur pharmaceutical industry in the region. Moreover, robust manufacturing base in the country is expected to boost the demand for pharmaceutical products.

White oil is manufactured from the refining of paraffinic and naphthenic crude oil feedstock and can be processed from natural gas by Gas to Liquid (GTL) conversion technology. Royal Dutch Shell N.V. manufactures white oil from natural gas by using the Fischer-Tropsch process, which converts natural gas to highly purified products with low aromatic hydrocarbon content. Volatile prices of raw material coupled with geophysical and political conflicts among key oil trading regions is expected to affect the overall supply-demand scenario in future. This, in turn, is anticipated to have a negative impact on the production and consumption of white oil.

Positive outlook towards the growth of the personal care, pharmaceutical, food, and polymer processing sectors has resulted in boosting the demand for white oil in various developing and developed regions. Furthermore, rising product demand in agriculture, adhesives, and textile applications are projected to be another significant factor supporting the market growth during the forecast period. Technological breakthrough is also anticipated to contribute toward the growth of the global market over the next couple of years.

Application Insights

The product is primarily used as a base ingredient for manufacturing a large array of personal care products. It finds application as an active ingredient during the processing of petroleum jellies, baby oils, topical skin care body lotions, moisturizing creams, cold creams, cosmetics, and hair care products. Personal care application segment led the market, in terms of revenue and volume, in 2018. It is used for the manufacturing of water-resistant creams owing to its excellent hydrophobicity. The demand for personal care products is majorly driven by the rising awareness regarding the importance of skin care.

Regional Insights

The positive outlook towards pharmaceutical and personal care industry of China, India, Japan, and South Korea is expected to boost the product demand in Asia Pacific. Increasing population in China and India coupled with favorable government initiatives aimed at the development of industries, such as food, bakery, animal feed, and textiles, is expected to fuel the demand further. South Korea is emerging as a pharmaceutical hub and this is expected to boost the market growth in the region.

Emergence of the industrial sector in the country is expected to fuel demand for packaged foods, which in turn, will drive the market in food processing and packaging sectors. Moreover, improving economic conditions and increasing employment in South Korea stimulated demand for beauty and personal care products, which is anticipated augment the market growth further. Rising trend of online shopping in Europe has contributed significantly to the sales of personal care and cosmetics products, which will drive the market.

Global white oil market

Growing interest of male consumers in skin and hair care products to relieve fatigue, stress, and prevent aging is expected to contribute to the product demand. Presence of global cosmetic and personal care brands, such as Maybelline, Nivea, L’Oréal, and Garnier, in the region will aid in market augmentation. In addition, new product launches along with robust distribution channels are further expected to boost growth.

White Oil Market Share Insights

The market is highly fragmented in nature due to the presence of numerous global and regional companies. Factors, such as application dynamics, consumption, dominance of manufacturers, and intensity of rivalry, influence the competition. Major manufacturers aim to maintain their market positions by widening their customer base. Petro-Canada, ExxonMobil Corporation, Sinopec Petroleum & Chemical Corporation, Sonneborn LLC, BP LLC (British Petroleum), Royal Dutch Shell Plc, and Renkert Oil are some of the top companies present in the global market.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Volume in Kiloton, Revenue in USD Million, and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Country scope

U.S., Canada, U.K., Germany, Russia, France, China, India, South Korea, Japan, and Brazil

Report coverage

Volume and revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global white oil market report on the basis of application and region:

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Adhesives

    • Agriculture

    • Food

    • Pharmaceutical

    • Personal Care

    • Textile

    • Polymers

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S

      • Canada

    • Europe

      • U.K.

      • Germany

      • Russia

      • France

    • Asia Pacific

      • China

      • India

      • South Korea

      • Japan

    • Latin America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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