White Oil Market Size, Share, and Trends 2024 to 2034

The global white oil market size is calculated at USD 2.25 billion in 2025 and is forecasted to reach around USD 3.45 billion by 2034, accelerating at a CAGR of 4.84% from 2025 to 2034. The Asia Pacific market size surpassed USD 1.05 billion in 2024 and is expanding at a CAGR of 5% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 5980
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on White Oil Market 

5.1. COVID-19 Landscape: White Oil Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global White Oil Market, By Application

8.1. White Oil Market Revenue and Volume, by Application

8.1.1. Adhesives

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Agriculture

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Food

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Pharmaceutical

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Personal Care

8.1.5.1. Market Revenue and Volume Forecast

8.1.5. Textile

8.1.5.1. Market Revenue and Volume Forecast

8.1.5. Polymers

8.1.5.1. Market Revenue and Volume Forecast

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast

Chapter 9. Global White Oil Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Volume Forecast, by Application

9.1.2. U.S.

9.1.2.1. Market Revenue and Volume Forecast, by Application

9.1.3. Rest of North America

9.1.3.1. Market Revenue and Volume Forecast, by Application

9.2. Europe

9.2.1. Market Revenue and Volume Forecast, by Application

9.2.2. UK

9.2.2.1. Market Revenue and Volume Forecast, by Application

9.2.3. Germany

9.2.3.1. Market Revenue and Volume Forecast, by Application

9.2.4. France

9.2.4.1. Market Revenue and Volume Forecast, by Application

9.2.5. Rest of Europe

9.2.5.1. Market Revenue and Volume Forecast, by Application

9.3. APAC

9.3.1. Market Revenue and Volume Forecast, by Application

9.3.2. India

9.3.2.1. Market Revenue and Volume Forecast, by Application

9.3.3. China

9.3.3.1. Market Revenue and Volume Forecast, by Application

9.3.4. Japan

9.3.4.1. Market Revenue and Volume Forecast, by Application

9.3.5. Rest of APAC

9.3.5.1. Market Revenue and Volume Forecast, by Application

9.4. MEA

9.4.1. Market Revenue and Volume Forecast, by Application

9.4.2. GCC

9.4.2.1. Market Revenue and Volume Forecast, by Application

9.4.3. North Africa

9.4.3.1. Market Revenue and Volume Forecast, by Application

9.4.4. South Africa

9.4.4.1. Market Revenue and Volume Forecast, by Application

9.4.5. Rest of MEA

9.4.5.1. Market Revenue and Volume Forecast, by Application

9.5. Latin America

9.5.1. Market Revenue and Volume Forecast, by Application

9.5.2. Brazil

9.5.2.1. Market Revenue and Volume Forecast, by Application

9.5.3. Rest of LATAM

9.5.3.1. Market Revenue and Volume Forecast, by Application

Chapter 10. Company Profiles

10.1. British Petroleum

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Renkert Oil, Inc.

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.5. JX Nippon Oil & Energy Corporation

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Nynas AB

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Petro-Canada

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Royal-Dutch Shell N.V.

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

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Frequently Asked Questions

The global white oil market size is expected to grow from USD 2.15 billion in 2024 to USD 3.45 billion by 2034.

The white oil market is anticipated to grow at a CAGR of 4.84% between 2025 and 2034.

The major players operating in the white oil market are British Petroleum, Renkert Oil, Inc., ExxonMobil Corporation, JX Nippon Oil & Energy Corporation, Nynas AB, Petro-Canada, Royal-Dutch Shell N.V., Sinopec Corporation, and Others.

The driving factors of the white oil market are the demand for white oil from the pharmaceutical, cosmetics, and personal care industries boosts the growth of the market.

Asia Pacific region will lead the global white oil market during the forecast period 2025 to 2034.

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