According to Fortune Business Insights, The global white oil market size was valued at USD 2.88 billion in 2022 and is projected to grow from USD 2.43 billion in 2023 to USD 3.26 billion by 2030, exhibiting a CAGR of 4.3% during the forecast period. Asia Pacific dominated the white oil market with a market share of 59.37% in 2022.
White oil is a complex mixture of hydrocarbons refined intensively from mineral oils. These mineral oils primarily consist of paraffin. They are highly pure, have low toxicity, and possess chemical stability, making them an ideal choice for industries such as personal care, pharmaceuticals, and food. Given that products from these industries come into contact with human skin or are ingested, mineral oils with high purity find widespread use. White oil is a complex mix of various hydrocarbons derived from refining mineral oil. These high-purity oils, with low toxins and chemical stability, find suitability across pharmaceuticals, personal care, and food industries. The broad applications and increased awareness of its benefits are projected to fuel market growth.
Fortune Business Insights™ displays this information in a report titled, "White Oil Market, 2025-2032."
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List of Key Companies Profiled In the Report:
Segmentation:
Use of Pharmaceutical-Grade White Oil to Rise Due to Its Wide-Ranging Applications
Based on grade, the market is categorized into pharmaceutical and technical. The pharmaceutical segment dominated the white oil market share in 2022 and is anticipated to continue its dominance till 2030. The segment’s growth is attributed to the several applications of this type of oil in personal care, cosmetics, and pharmaceuticals.
Personal Care & Cosmetics Industries to Widely Use White Oil Due to Rising Demand for Personal Grooming Products