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白油市場－全球產業規模、佔有率、趨勢、機會與預測，按應用（黏合劑、農業、食品、製藥、個人護理、紡織、聚合物等）細分，按地區和競爭情況，2020-2030 年預測

White Oil Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Application (Adhesives, Agriculture, Food, Pharmaceutical, Personal Care, Textile, Polymers, Others), By Region, & Competition, 2020-2030F

出版日期: 2025年09月14日 | 出版商:

TechSci Research | 英文 180 Pages | 商品交期: 2-3個工作天內

價格

簡介目錄

2024年，白油市場價值為22.5億美元，預計到2030年將達到28.8億美元，複合年成長率為4.18%。全球白油市場在特種油領域佔據關鍵地位，服務於製藥、個人護理、食品級製造、聚合物加工、紡織和工業設備潤滑等行業的高精度應用。白油也稱為礦物油或液體石蠟，是一種高度純化、化學性質惰性的石油衍生物，因其無色、無味、無毒的特性而備受推崇。這些特性使其在產品安全、法規合規性和材料一致性至關重要的製程過程中至關重要。

市場概況
預測期	2026-2030
2024年市場規模	22.5億美元
2030年市場規模	28.8億美元
2025-2030年複合年成長率	4.18%
成長最快的領域	個人護理
最大的市場	亞太地區

鑑於其在受監管且品質敏感的應用中不可或缺的作用，白油市場不僅在技術上不可或缺，而且在策略上也具備持續擴張的潛力。不斷演變的製造標準、藥品和食品加工領域更嚴格的合規要求，以及聚合物和化妝品生產中對惰性加工助劑日益成長的需求，正日益推動著市場需求的成長。超純精煉能力的技術進步、積極適應區域監管框架，以及針對性地拓展高成長、特定應用市場，尤其是在亞太地區和拉丁美洲。

透過投資增值等級、特定應用客製化和認證支援的生產流程，使其投資組合與這些動態保持一致的行業參與者將在日益以品質為導向和合規為導向的市場環境中佔據最佳位置，從而實現長期成長。

關鍵市場促進因素

不斷擴大的製藥和個人護理行業

主要市場挑戰

原油價格波動與原料依賴性

主要市場趨勢

跨最終用途細分市場的客製化和產品差異化

The White Oil market was valued at USD 2.25 Billion in 2024 and is expected to reach USD 2.88 Billion by 2030 with a CAGR of 4.18%. The Global White Oil Market occupies a critical niche within the specialty oil segment, serving high-precision applications across industries such as pharmaceuticals, personal care, food-grade manufacturing, polymer processing, textiles, and industrial equipment lubrication. Also referred to as mineral oil or liquid paraffin, white oil is a highly purified, chemically inert petroleum derivative, valued for its colorless, odorless, and non-toxic characteristics. These properties make it essential in processes where product safety, regulatory conformity, and material consistency are non-negotiable.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 2.25 Billion
Market Size 2030	USD 2.88 Billion
CAGR 2025-2030	4.18%
Fastest Growing Segment	Personal Care
Largest Market	Asia Pacific

Given its integral role in regulated and quality-sensitive applications, the white oil market is not only technically indispensable but also strategically positioned for sustained expansion. Demand is increasingly being driven by evolving manufacturing standards, stricter compliance requirements in pharmaceuticals and food processing, and the growing need for inert process aids in polymer and cosmetic production. Technological advancement in ultra-pure refining capabilities, Proactive adaptation to regional regulatory frameworks, and Targeted expansion into high-growth, application-specific markets, particularly in Asia-Pacific and Latin America.

Industry players that align their portfolio with these dynamics by investing in value-added grades, application-specific customizations, and certification-backed production processes will be best positioned to capture long-term growth in an increasingly quality-driven and compliance-oriented market environment.

Key Market Drivers

Expanding Pharmaceutical and Personal Care Industries

The pharmaceutical and personal care industries represent two of the most influential demand centers for white oil globally. Their sustained expansion, driven by demographic shifts, consumer trends, and healthcare advancements, has created a strong and stable growth engine for the white oil market. White oil, particularly in pharmaceutical-grade formulations, is a key excipient used for its chemical stability, purity, and non-reactive nature. Used as a carrier or base in topical ointments, creams, and gels. Commonly found in oral preparations like soft gel capsules. Functions as a lubricant in tablet and capsule manufacturing. The global population is undergoing a pronounced demographic shift, marked by a rapidly increasing share of individuals aged 65 and above. This trend is primarily driven by rising life expectancy and sustained declines in birth rates across both developed and emerging markets. Since 1974, the proportion of the global population aged 65+ has nearly doubled, and current projections indicate it will double again by 2074 and rising chronic disease prevalence are leading to increased consumption of pharmaceutical products, especially in North America, Europe, and parts of Asia. Healthcare penetration in emerging economies (India, Southeast Asia, Africa) is expanding rapidly, supported by public and private investments. Increasing regulatory emphasis on high-purity ingredients in drug manufacturing is pushing demand for white oils that meet stringent pharmacopoeial standards (e.g., USP, EP, IP). White oils used in pharmaceuticals are highly refined and undergo rigorous testing to comply with global safety standards. Their inert and hypoallergenic nature makes them suitable for sensitive applications, giving manufacturers confidence in formulation safety.

In the personal care and cosmetics sector, white oil is widely used due to its moisturizing properties, excellent spreadability, and skin-friendly characteristics. Emollient in products such as body lotions, creams, baby oils, and hair oils. Carrier oil in fragrances and makeup formulations. Base material in cleansing products and moisturizers, especially for sensitive skin types. India's consumer sector is emerging as a critical driver of national economic growth, fueled by rising disposable incomes and expanding middle-class spending power. By 2027, approximately 100 million Indians are projected to have annual incomes exceeding $10,000, signaling a significant shift in consumption patterns toward premium products, discretionary goods, and lifestyle services and urbanization have led to increased spending on beauty and personal care products, particularly in Asia-Pacific and Latin America. Growing consumer preference for gentle, non-comedogenic ingredients has encouraged manufacturers to use white oil as a safe, dermatologically tested base. The global rise of baby care products including oils, wipes, and lotions also contributes significantly, as white oil is a primary ingredient due to its mildness and safety. Premiumization of skincare and haircare brands has led to the demand for higher-quality, ultra-refined ingredients. By 2025, online channels are projected to account for 21% of total global retail sales, with this figure expected to increase to 22.6% by 2027, reflecting a steady shift in consumer purchasing behavior toward digital platforms. Supporting this growth, the global eCommerce ecosystem now comprises over 28 million online stores, spanning both large-scale marketplaces and niche direct-to-consumer brands.

Key Market Challenges

Volatility in Crude Oil Prices and Raw Material Dependency

White oil is a highly refined derivative of petroleum, and its production is intrinsically linked to the upstream oil and gas industry. As a result, fluctuations in crude oil prices directly impact production costs and supply chain stability.

Any disruption in crude oil supply due to geopolitical tensions, natural disasters, or OPEC policies can lead to raw material shortages or cost spikes for base oils used in white oil production. Producers dependent on imported crude or base stocks may face additional logistics challenges and foreign exchange risks. In periods of rising crude prices, refiners and blenders may struggle to maintain stable pricing for white oil, especially in price-sensitive industries like textiles and plastics. End-users may shift to cheaper synthetic or vegetable-based alternatives, leading to demand substitution. Producing high-quality, ultra-pure white oil requires advanced refining infrastructure, which is expensive to build and maintain. Smaller players may be unable to invest in the necessary technology when faced with raw material price volatility.

Key Market Trends

Customization and Product Differentiation Across End-Use Segments

A growing number of end-user industries are demanding tailor-made white oil grades to meet specific performance, purity, or compliance requirements. This trend is fueling a shift from standardized bulk products to highly specialized formulations.

Manufacturers are developing sector-targeted white oils for unique applications such as ultra-low-volatility grades for medical devices, or food-grade lubricants optimized for high-speed filling lines. In personal care and cosmetics, brands are requesting lighter or heavier oil textures, varying levels of viscosity, or enhanced compatibility with natural actives. Custom white oils are increasingly integrated with performance additives, such as antioxidants or anti-static agents, which extend functionality without compromising purity. This allows producers to move away from commoditized pricing and position their products as premium-grade materials. Customization enhances customer retention, creates new revenue streams, and supports long-term supply agreements, giving white oil producers a competitive edge in fragmented markets.

Key Market Players

BP International Limited
RENKERT OIL
Exxon Mobil Corporation
ENEOS Corporation
NYNAS AB
Petro Canada (Suncor Energy Inc)
Shell plc
China Petrochemical Corporation
S-OIL CORPORATION
Sasol Limited

Report Scope:

In this report, the Global White Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

White Oil Market, By Application:

Adhesives
Agriculture
Food
Pharmaceutical
Personal Care
Textile
Polymers
Others

White Oil Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global White Oil Market.

Available Customizations:

Global White Oil market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Impact of COVID 19 on White Oil Market

5. White Oil Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Application (Adhesives, Agriculture, Food, Pharmaceutical, Personal Care, Textile, Polymers, Others)
- 5.2.2. By Region
- 5.2.3. By Company (2024)
5.3. Market Map

6. North America White Oil Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Application
- 6.2.2. By Country
6.3. North America: Country Analysis
- 6.3.1. United States White Oil Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Application
- 6.3.2. Canada White Oil Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Application
- 6.3.3. Mexico White Oil Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Application

7. Europe White Oil Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Application
- 7.2.2. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany White Oil Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Application
- 7.3.2. United Kingdom White Oil Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Application
- 7.3.3. Italy White Oil Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Application
- 7.3.4. France White Oil Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Application
- 7.3.5. Spain White Oil Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Application

8. Asia-Pacific White Oil Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Application
- 8.2.2. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China White Oil Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Application
- 8.3.2. India White Oil Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Application
- 8.3.3. Japan White Oil Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Application
- 8.3.4. South Korea White Oil Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Application
- 8.3.5. Australia White Oil Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Application

9. South America White Oil Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Application
- 9.2.2. By Country
9.3. South America: Country Analysis
- 9.3.1. Brazil White Oil Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Application
- 9.3.2. Argentina White Oil Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Application
- 9.3.3. Colombia White Oil Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Application

10. Middle East and Africa White Oil Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Application
- 10.2.2. By Country
10.3. MEA: Country Analysis
- 10.3.1. South Africa White Oil Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Application
- 10.3.2. Saudi Arabia White Oil Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Application
- 10.3.3. UAE White Oil Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Recent Developments
12.2. Product Launches
12.3. Mergers & Acquisitions

13. Global White Oil Market: SWOT Analysis

14. Competitive Landscape

14.1. BP International Limited
- 14.1.1. Business Overview
- 14.1.2. Product & Service Offerings
- 14.1.3. Recent Developments
- 14.1.4. Financials (If Listed)
- 14.1.5. Key Personnel
- 14.1.6. SWOT Analysis
14.2. RENKERT OIL
14.3. Exxon Mobil Corporation
14.4. ENEOS Corporation
14.5. NYNAS AB
14.6. Petro Canada (Suncor Energy Inc)
14.7. Shell plc
14.8. China Petrochemical Corporation
14.9. S-OIL CORPORATION
14.10.Sasol Limited