White Mineral Oil Market: By Application (Plastic and Polymer, Pharmaceuticals, Food Industry, Personal Care and Cosmetics, Textiles, Others), By Grade (Technical/Industrial Grade and Pharmaceuticals Grade), By Viscosity (Low, Medium, and High), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA), and Geography

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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.

White Mineral Oil Market Segmentation

By Application
  • Plastic and Polymer
  • Pharmaceuticals
  • Food Industry
  • Personal Care and Cosmetics
  • Textiles
  • Others
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.

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
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

Adjacent Markets