The global white oil market size was estimated at USD 2,427.3 million in 2025 and is projected to reach USD 3,386.3 million by 2033, growing at a CAGR of 4.3% from 2026 to 2033. The market’s growth is being driven primarily by the rising global demand for skincare, haircare, and personal care products, which increasingly incorporate high-purity, safe white oils as a key ingredient.

Consumers are showing a marked preference for products formulated with gentle and non-toxic ingredients, which has positioned white oil as an essential component in lotions, creams, baby care products, and other personal care formulations. Its odorless and non-toxic characteristics also make it highly valuable in pharmaceutical applications, including ointments and laxatives, as well as in the food industry for coatings, lubricants, and other processing applications. The increasing focus on healthcare awareness, product safety, and stringent food standards is further driving the adoption of white oil across these industries.

Additionally, rapid urbanization and rising disposable incomes in emerging markets, particularly in countries such as India, China, and other Southeast Asian nations, are contributing to growth in cosmetics, personal care, and pharmaceutical sectors. This demographic and economic shift presents significant opportunities for white oil manufacturers to expand production capacities and enter new markets. The expanding middle-class population, coupled with evolving consumer lifestyles and preferences for premium, safe, and high-quality personal care and healthcare products, is expected to sustain strong demand for white oil in these regions.

Key Market Trends & Insights:

• The Asia Pacific region dominated the global white oil market in 2025, accounting for the largest revenue share of 53.2%. This leadership is driven by the region’s strong presence in the personal care, pharmaceutical, and food processing industries, coupled with growing consumer awareness of health and wellness products. Rapid urbanization, rising disposable incomes, and a large, expanding middle-class population in countries such as China, India, and Southeast Asian nations are further supporting market growth and creating substantial opportunities for manufacturers.

• China is expected to experience the fastest revenue growth in the white oil market, with a projected CAGR of 4.6% from 2026 to 2033. This growth is attributed to increasing demand for cosmetics, personal care, and pharmaceutical products, along with rising investment in domestic manufacturing capacities and technological adoption in chemical processing industries.

• By application, the personal care segment dominated the white oil market in 2024, holding the largest revenue share of 29.0%. White oil is widely used in lotions, creams, baby care products, and haircare formulations due to its non-toxic, odorless, and skin-friendly properties. The growing consumer preference for high-quality, safe, and gentle ingredients in personal care products has reinforced this segment’s leadership position in the market.

• The adhesives segment, on the other hand, is expected to register the fastest growth in terms of revenue, with a projected CAGR of 4.6% from 2026 to 2033. The increasing use of white oil in adhesives for industrial applications, including packaging, construction, and automotive sectors, is driving this growth. As industries seek cost-effective, high-performance, and safe additives for adhesive formulations, the demand for white oil in this application is expected to rise steadily during the forecast period.

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Market Size & Forecast:

• 2025 Market Size: USD 2,427.3 Million

• 2033 Projected Market Size: USD 3,386.3 Million

• CAGR (2026-2033): 4.3%

• Asia Pacific: Largest market in 2025

Key Companies & Market Share Insights:

ExxonMobil and Chevron are dominant players in the global white oil market, leveraging their large-scale production capacities, advanced purification technologies, and strong international presence across pharmaceuticals, cosmetics, and industrial sectors. Their scale, technological expertise, and extensive distribution networks have established them as leading suppliers of high-purity white oils worldwide.

ExxonMobil is recognized as a leading producer of high-purity white oils, serving multiple industries including pharmaceuticals, cosmetics, food processing, and industrial applications. The company’s advanced refining and purification technologies enable it to maintain consistent product quality while complying with stringent industry and regulatory standards. Coupled with its strong global footprint and well-established brand reputation, ExxonMobil continues to hold a key position in the market, catering to both large-scale industrial clients and specialized end-use sectors.

Chevron is another major player in the white oil industry, producing high-quality oils for diverse applications such as pharmaceuticals, personal care, and industrial uses. The company places strong emphasis on advanced purification processes and robust supply chain management to meet global regulatory requirements and ensure reliable product delivery. Chevron’s established presence in international markets, combined with its technological capabilities, reinforces its leadership in the white oil market and supports its ability to serve a wide range of industrial and consumer applications effectively.

Key Players

• ExxonMobil Corporation

• Chevron Corporation

• Shell plc

• APAR Industries Ltd.

• Savita Oil Technologies Limited

• Gandhar Oil Refinery (India) Limited

• Bharat Petroleum Corporation Limited

• Raj Petro

• Velvex

• Eastern Petroleum Pvt. Ltd.

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Conclusion:

In summary, the global white oil market is expected to grow steadily over the forecast period, supported mainly by increasing demand from personal care, pharmaceutical, food processing, and industrial applications. Consumer preference for high purity, non toxic ingredients in skincare and healthcare products is reinforcing white oil’s role in these sectors, while expanding industrial uses such as adhesives and coatings are creating additional opportunities. The market’s growth is further underpinned by strong demand in regions with expanding cosmetics and pharmaceutical industries, improvements in refining technologies, and a focus on regulatory compliance and product safety. Overall, white oil remains a critical ingredient across a wide range of end uses, driven by evolving consumer trends and industrial requirements.