White Oil Market, By Grade (Technical/Industrial Grade and Pharmaceuticals Grade), By Application (Plastics and Elastomers, Adhesives, Personal Care & Cosmetics, Agriculture, Textile, Food and Beverage, Pharmaceutical, Metalworking Applications, and Other Applications), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Feb 2025

Code : CMI5318

Pages :154

Formats :

Excel and PDF

Industry : Bulk Chemicals

White Oil Market Size and Trends

The global white oil market is estimated to be valued at USD 1.83 Bn in 2025 and is expected to reach USD 2.57 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.0% from 2025 to 2032.

White Oil Market Regional Insights

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Factors such as increasing application in personal care products such as makeup remover, skin creams, and moisturizers is expected to drive the market growth. Further, rapid urbanization coupled with rising disposable income of consumers is also anticipated to augment the demand for white oil. New product launches catering to skin and hair care needs of the evolving demographic are projected to present lucrative opportunities for the players in the white oil industry. However, stringent regulations regarding mineral oil in personal care may hamper the market growth during the analysis period.

Rising Industrial Applications

The white oil market has been witnessing significant growth over the past few years due to its extensive industrial applications. White oil or mineral oil is used across various industries such as paints and coatings, pharma and cosmetics, food, and polymers among others. In the paints and coatings industry, white oil acts as a plasticizer and extender to improve gloss, flexibility, and durability of the finished paint product. It is also used as a rust preventive oil in the metalworking industry. Pharmaceutical and cosmetic companies utilize white oil as an emollient and lubricant in ointments, lotions, makeup products, and others. The widespread use of white oil has been rising due to its superior properties such as high thermal and oxidative stability, transparency, and colorlessness. Manufacturers are also favoring white oil as it provides a cost-effective solution for various industrial applications compared to alternatives. With rapid industrialization and growing consumption across diverse industries globally, the demand for white oil is expected to proliferate in the coming years.