The global white oil market is estimated to grow at a CAGR of 3% during the forecast period. The major factors contributing to the growth of the market include significant demand for process oil in the personal care and pharmaceutical industry and the rising demand for white oil in the food industry. White mineral oil is significantly used in several food processes, primarily in the production of lubricating oil utilized by the producers of food & drinks. In the food industry, white oil is used in food packing materials, bakery pan oil, greasers and food-grade lubricants.
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Further, during the food processing and packaging stage, highly refined petroleum-based products can be used as food additives and release agents. Several benefits make white oils ideal for the food industry. White oils are colorless petroleum-derived mineral oils from non-carcinogenic LBOs (Lubricant Base Oils), which are further highly refined to achieve extremely low levels of aromatics to eliminate color and improve stability. White oils offer moisture barrier and lubricating properties and are generally not allergenic. Therefore, it is being significantly used in food processing and food packaging applications as a food additive or plastics for food contact, which, in turn, drives the growth of the white oil industry.
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Market Segmentation
Global White Oil Market by Application
• Plastics & Polymers
• Personal Care & Cosmetics
• Pharmaceuticals
• Food Industry
• Others (Textile and Animal Feed)
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Apar Industries Ltd.
• ATDM Co., Ltd.
• C.J. Robinson Co.
• Calumet Specialty Products Partners, L.P.
• Eastman Chemical Co.
• Exxon Mobil Corp.
• Fuchs Petrolub SE
• Hansen & Rosenthal KG
• HollyFrontier Corp.
• Kerax Ltd.
• Lodha International LLP
• Morris Lubricants Ltd.
• Nynas AB
• Panama Petrochem Ltd.
• Renkert Oil, Inc.
• Sasol Ltd.
• Savita Oil Technologies Ltd.
• Seojin Chemical Co., Ltd.
• Shell International B.V
• Sinopec Corp.
• Total Group
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