White Oil Market Trends

  • Report ID: 4728
  • Published Date: Mar 14, 2023
  • Report Format: PDF, PPT

White Oil Market Trends

Growth Drivers

  • Growing Sales of Automobiles – White oil is used in the fabrication of automotive tires and in the formulation of the lubricants for the engine. Before the epidemic, it was predicted that 80 million cars would be sold internationally. Even after the pandemic, the recovery of the automotive sector was impressive, around 66 million cars were sold globally in 2022, and about 67 million units in 2021.

  • Rising Production in Pharmaceutical Industry – Premium white oils are utilized to manufacture the adjuvants used in animal immunization; these adjuvants account for up to 50% of the final product. In order to seek maximum effectiveness, it is essential that adjuvant be produced from the purest white oil possible.

  • Rising Demand for Insecticide – White oil is used to manage a variety of insect pests in gardens by working as an insecticide. The spray stops insects from breathing, which results in their asphyxia and eventual death. According to the Food and Agriculture Organization of the United States estimates, pests are responsible for up to 40% of annual losses in global crop production. Around USD 220 billion is lost to plant diseases each year, and at least USD 70 billion is lost to invasive insects.

  • Rising Need for Cosmetics & Personal Care Products – It is typically utilized as a principal or supporting ingredient in the creation of personal hygiene products, including bodywash, cream and lotion formulations, baby oil, sunblocks, cosmetics, depilatories, and bath oils. Around 80% of American women use cosmetics daily, which translates to 161 million people spending nearly USD 15,000 on them over the course of a lifetime. Moreover, the typical woman spends approximately between USD 200,000 and USD 300,000 on skincare and cosmetics.

  • Increasing Demand for Plastic – White oil is employed in the manufacture of expandable polystyrene, PVC, and thermoplastic rubber. The output of plastic rose exponentially, reaching 400 MT by 2020. If things continue as they are, plastic manufacturing may have doubled by 2040 and is likely to increase 2.5 times by 2050.


  • Environmental Concerns associated with white oil production - A mining boom has been sparked by the need for lithium supplies for electric cars, and wherever it is found, the hunt for "white oil" poses a threat to the environment. To reduce carbon emissions, countries are pushing electric cars into the market and even turning fuel cars into electric ones. Anyone owning an electric vehicle entails a significant amount of mining, refining, and other harmful operations. The mining procedure harms humans, animals, and their habitat.
  • Availability of Alternative Products
  • Lack of Sufficient Raw Materials

White Oil Market : Key Insights

  Base Year


  Forecast Year




  Base Year Market Size (2022)

  ~ USD 2 Billion

  Forecast Year Market Size (2035)

  ~ USD 3 Billion

  Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:

Author Credits:  Rajrani Baghel

  • Report ID: 4728
  • Published Date: Mar 14, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing use of white oil in the manufacturing of personal care products, plastics, the automobile sector, and pharmaceuticals are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2035.

Lack of raw material, presence of various substitutes, and environmental threats owing to excessive mining of white oil are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Calumet Specialty Products Partners, L.P, Chevron Corporation, ExxonMobil Corporation, Petro-Canada Lubricants Inc., Renkert Oil, Atlantic Performance Oils, Sasol, Sonneborn LLC, H & R GROUP, NYNAS AB, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product type, application, grade, and by region.

The personal care segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Inquiry Before Buying Request Free Sample

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying