- Plastic and Polymer
- Pharmaceuticals
- Food Industry
- Personal Care and Cosmetics
- Textiles
- Others
White Mineral Oil Market size was valued at USD 2,350.6 million in 2023 and is poised to grow at a CAGR of 4.1% from 2024 to 2030. Rising demand for cosmetic products such as lotions, hair oils, creams, ointments, petroleum jelly, laxatives, and pharmaceutical products is a major factor expected to drive market revenue growth. The use of white mineral oil as a blending base in these products is increasing use of these oils in various end-use industries. These highly refined mineral oils are stable, pure, colorless, non-toxic, chemically inert, and odorless, which makes these ideal for use in manufacturing cosmetics, pharmaceuticals, and chemical processing. Cosmetic and medicinal applications of white mineral oil include manufacturing ointments, hair care products, complexion creams, baby oils, laxatives, and preparing curative drugs. The hair care industry has developed over the years with more organic, eco-friendly, and natural products according to the changing consumer preferences in the market. According to research a study 52% of the total consumers prefer to buy organic or natural shampoo which is expected to increase the adoption of white oil as an ingredient in hair care products. Rising demand for various personal care products along with pharmaceuticals is expected to drive market revenue growth. Rising demand for grooming products and changing consumer preferences for organic and natural products are expected to drive the growth of the global personal care products market, which is expected to result in a significant supply of white mineral oil. Moisture moisture-resistant properties of this oil encourage cosmetic manufacturers to use this oil in personal care products. Thus, white oil is used as a moisturizer for treating rough, dry, scaly itchy, and other minor skin irritation. White oil helps soften polymer and rubber-based products. Also, it is used to manufacture emollients, for the penicillin production process, and in eye lubricants, which are expected to boost demand for white oil in this industry. The growing car manufacturing industry and automation are accelerating demand for tiers, which is further supporting demand for white oil in the tier manufacturing industry. A wide range of applications of white mineral oil in plastic, rubber, and food packaging industries is expected to drive market revenue growth.
White Mineral Oil Market Key Developments:
- September 2022, Sitio Royalties Corp, and Brigham Minerals, Inc. announced the merger worth around USD 4.8 billion. The merger will create the largest publicly traded mineral, royalty company in the USA
White Mineral Oil Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
3.7%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
White Mineral Oil Market Dynamics
Rising demand for white mineral oil in leading economies globally is the key growth driver of Global white mineral oil market. Also, increasing demand for pharmaceutical industry is expected to create revenue-generating opportunities for prominent players in global market in the forecasted years. In addition to this, increasing use of mineral oil as plasticizer in rubber production process is anticipated to fuel the growth of global white mineral oil market in forecasted years. Also, increasing demand from cosmetic and pharmaceutical industry is project to trigger the growth of global market. Other factors such as rapid urbanization, especially in developing economies and rising disposal income can contribute to market growth.
North-America Got Significant Share of
White Mineral Oil Market Regional Analysis
Based on regions, the market share is divided into North America, Asia-pacific, Europe, and the Middle East, and the African region. The white mineral oil market in the Asia Pacific was likely to hold a significant revenue share in 2021, and is expected to continue with its dominance over the forecast period. This can be attributed to rising demand for personal care products, health care, and pharmaceuticals among consumers in this region. Strong presence of various white mineral oil manufacturers in countries such as China and India in this region and rapid expansion of several end-use industries wherein use of white mineral oil is essential are factors driving Asia Pacific market revenue growth to a significant extent. China is among the largest producer of cosmetics and skincare products at a global level, and the personal care sector in the country is expected to register a significantly fast revenue growth rate over the next ten years which is expected to result in high demand for white mineral oil.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The White Mineral Oil Market report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
- The report covers in-detail insights into the competitor’s overview, company share analysis, key market developments, and key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and startup details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
- The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
White Mineral Oil Market Segmentation
By Application
By Grade
- Technical/Industrial Grade
- Pharmaceuticals Grade
By viscosity
- Low
- Medium
- High
LOCATION
Geography
Frequently Asked Questions
The White Mineral Oil Market size was valued at USD 2,350.6 million in 2023
The White Mineral Oil Market key players are Adinath Chemicals Asian Oil Company Castrol Limited Chevron USA Inc. China Petroleum & Chemical Corporation. Eastman Chemical Company Exxon Mobil Corporation Lanxess, Lodha Petro Nandan Petrochem Ltd. Renkert oil Royal Dutch Shell Plc Savita Oil Technologies Limited Sonneborn LLC Total Energies
The White Mineral Oil Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2.Global White Mineral Oil Market Introduction |
| 2.1.Global White Mineral Oil Market - Taxonomy |
| 2.2.Global White Mineral Oil Market - Definitions |
| 2.2.1.Application |
| 2.2.2.Grade |
| 2.2.3.viscosity |
| 2.2.4.Region |
| 3.Global White Mineral Oil Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global White Mineral Oil Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global White Mineral Oil Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Plastic and Polymer |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Pharmaceuticals |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Food Industry |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Personal Care and Cosmetics |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Textiles |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global White Mineral Oil Market By Grade, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Technical/Industrial Grade |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Pharmaceuticals Grade |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global White Mineral Oil Market By viscosity, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Low |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Medium |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. High |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global White Mineral Oil Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America White Mineral Oil Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Plastic and Polymer |
| 9.1.2.Pharmaceuticals |
| 9.1.3.Food Industry |
| 9.1.4.Personal Care and Cosmetics |
| 9.1.5.Textiles |
| 9.1.6.Others |
| 9.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Technical/Industrial Grade |
| 9.2.2.Pharmaceuticals Grade |
| 9.3. viscosity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Low |
| 9.3.2.Medium |
| 9.3.3.High |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe White Mineral Oil Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Plastic and Polymer |
| 10.1.2.Pharmaceuticals |
| 10.1.3.Food Industry |
| 10.1.4.Personal Care and Cosmetics |
| 10.1.5.Textiles |
| 10.1.6.Others |
| 10.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Technical/Industrial Grade |
| 10.2.2.Pharmaceuticals Grade |
| 10.3. viscosity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Low |
| 10.3.2.Medium |
| 10.3.3.High |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) White Mineral Oil Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Plastic and Polymer |
| 11.1.2.Pharmaceuticals |
| 11.1.3.Food Industry |
| 11.1.4.Personal Care and Cosmetics |
| 11.1.5.Textiles |
| 11.1.6.Others |
| 11.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Technical/Industrial Grade |
| 11.2.2.Pharmaceuticals Grade |
| 11.3. viscosity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Low |
| 11.3.2.Medium |
| 11.3.3.High |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) White Mineral Oil Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Plastic and Polymer |
| 12.1.2.Pharmaceuticals |
| 12.1.3.Food Industry |
| 12.1.4.Personal Care and Cosmetics |
| 12.1.5.Textiles |
| 12.1.6.Others |
| 12.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Technical/Industrial Grade |
| 12.2.2.Pharmaceuticals Grade |
| 12.3. viscosity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Low |
| 12.3.2.Medium |
| 12.3.3.High |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America White Mineral Oil Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Plastic and Polymer |
| 13.1.2.Pharmaceuticals |
| 13.1.3.Food Industry |
| 13.1.4.Personal Care and Cosmetics |
| 13.1.5.Textiles |
| 13.1.6.Others |
| 13.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Technical/Industrial Grade |
| 13.2.2.Pharmaceuticals Grade |
| 13.3. viscosity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Low |
| 13.3.2.Medium |
| 13.3.3.High |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Adinath Chemicals |
| 14.2.2.Asian Oil Company |
| 14.2.3.Castrol Limited |
| 14.2.4.Chevron USA Inc. |
| 14.2.5.China Petroleum & Chemical Corporation. |
| 14.2.6.Eastman Chemical Company |
| 14.2.7.Exxon Mobil Corporation |
| 14.2.8.Lanxess, Lodha Petro |
| 14.2.9.Nandan Petrochem Ltd. |
| 14.2.10.Renkert oil |
| 14.2.11.Royal Dutch Shell Plc |
| 14.2.12.Savita Oil Technologies Limited |
| 14.2.13.Sonneborn LLC |
| 14.2.14.Total Energies |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Adinath Chemicals
- Asian Oil Company
- Castrol Limited
- Chevron USA Inc.
- China Petroleum & Chemical Corporation.
- Eastman Chemical Company
- Exxon Mobil Corporation
- Lanxess, Lodha Petro
- Nandan Petrochem Ltd.
- Renkert oil
- Royal Dutch Shell Plc
- Savita Oil Technologies Limited
- Sonneborn LLC
- Total Energies