- White oil, a highly refined and pure mineral oil, is a versatile component widely utilized across various industries, including pharmaceuticals, cosmetics, personal care, plastics, textiles, and food & beverages. Its appeal stems from its colorless, odorless, tasteless, non-toxic, and chemically inert properties, making it essential for applications requiring high purity and stability
- The escalating demand for white oil is primarily fueled by the expanding pharmaceutical and personal care industries, driven by increasing health consciousness and a preference for high-purity ingredients. Furthermore, the growth of the plastics and polymer sector and the rising need for food-grade lubricants and release agents in the food industry are significant growth drivers
- Asia-Pacific dominates the white oil market with the largest market share, approximately 49% in 2024, primarily due to the rapid growth of the pharmaceutical, personal care, and plastics industries in countries like China and India, coupled with increasing disposable incomes and rising consumer awareness. The region's robust industrial expansion and growing demand for high-purity ingredients contribute to its leading position
- Europe is expected to be a fast-growing region in the white oil market during the forecast period, driven by advancements in industrial applications and healthcare, along with a strong emphasis on food safety and quality standards
- The pharmaceutical segment dominates the white oil market, holding a significant market share and expected to maintain its lead. This is attributed to the critical role of pharmaceutical-grade white oil in producing various medicinal formulations, ointments, and creams, coupled with increased R&D activities and healthcare spending globally
