White Oil Market to Grow with a CAGR of 4.18% through 2030

Expanding Pharmaceutical and Personal Care Industries and Growth in Food and Beverage Processing are expected to drive the Global White Oil Market growth in the forecast period, 2026-2030

According to TechSci Research report, “White Oil Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global White Oil Market stood at USD 2.25 Billion in 2024 and is anticipated to grow with a CAGR of 4.18% in the forecast period, 2026-2030.

White oil plays a crucial functional role in the processing of various polymers such as thermoplastic elastomers (TPE), polyvinyl chloride (PVC), and polystyrene where it is used as a plasticizer, lubricant, and release agent. This utility is central to several high-growth sectors The global rise of e-commerce and food delivery services is driving demand for flexible, high-durability packaging materials, many of which are polymer-based and require white oil during formulation and extrusion. TPEs, heavily used in automotive interiors and consumer electronics casings, continue to gain traction. As production volumes increase, so does the consumption of white oil in their processing chains. In the textile industry, white oil serves as both a lubricant and anti-static agent during fiber manufacturing operations such as spinning, weaving, and knitting. With the global apparel industry expanding particularly in developing economies and synthetic fiber usage on the rise, white oil remains an essential processing aid.

Despite its widespread industrial use, the conventional white oil market is under increasing pressure from the growing global shift toward sustainability In sectors such as personal care, cosmetics, and food processing, companies are rapidly adopting plant-derived oils including coconut, sunflower, and jojoba oil as functional substitutes. These ingredients offer biodegradability and renewable sourcing and are strongly favored by eco-conscious consumers in developed markets who seek “natural” product labels.

In industrial and technical applications, high-performance synthetic fluids are being adopted for their superior thermal resistance, oxidative stability, and longer service life compared to mineral-based white oils. This trend is particularly prominent in the automotive, electronics, and precision plastics sectors, where process efficiency and equipment longevity are critical.

Although bio-based and synthetic oils often carry higher initial price points, their total cost of ownership is declining, especially in premium applications. Benefits such as reduced maintenance frequency, enhanced product performance, and strong ESG alignment are prompting end-users to shift away from traditional white oil solutions particularly in regions and product categories where brand differentiation through sustainability is a market advantage.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global White Oil Market”

The Global White Oil Market is segmented into application, regional distribution, and company.

The Middle East & Africa (MEA) region is positioned to experience the fastest growth in the global white oil market, driven by a convergence of industrial expansion, infrastructure development, and strategic localization of specialty chemical production. MEA economies, particularly Saudi Arabia and the United Arab Emirates, are heavily investing in diversifying their oil-based economies by expanding downstream value chains. White oil, being a high-value derivative, is increasingly seen as a strategic product for domestic production and export, especially as part of Vision 2030 initiatives aimed at industrial diversification.

Countries such as Saudi Arabia, Egypt, and South Africa are developing specialty chemical parks and industrial clusters that are attracting both regional and global players. The establishment of new white oil production units, packaging facilities, and distribution centers within these hubs is helping reduce import dependency and support local demand across pharmaceuticals, personal care, and plastics industries.

Major companies operating in Global White Oil Market are:

• BP International Limited
• RENKERT OIL
• Exxon Mobil Corporation
• ENEOS Corporation
• NYNAS AB
• Petro‑Canada (Suncor Energy Inc)
• Shell plc
• China Petrochemical Corporation
• S-OIL CORPORATION
• Sasol Limited

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“The Global White Oil Market is undergoing a dynamic transformation, fueled by diverse industrial demand, expanding applications in pharmaceuticals, personal care, polymers, and food processing, and regional manufacturing shifts. While the market faces growing challenges from sustainability pressures and emerging substitutes, it continues to offer strong growth opportunities for players that invest in product innovation, regulatory compliance, and strategic partnerships. As global industries increasingly prioritize purity, performance, and process efficiency, white oil remains a critical enabler across high-value sectors positioning the market for resilient and sustainable long-term growth.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“White Oil Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Application (Adhesives, Agriculture, Food, Pharmaceutical, Personal Care, Textile, Polymers, Others), By Region, & Competition, 2020-2030F”, has evaluated the future growth potential of Global White Oil Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global White Oil Market.

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