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PUBLISHER: Grand View Research | PRODUCT CODE: 1701556

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PUBLISHER: Grand View Research | PRODUCT CODE: 1701556

Mineral Oil Market Size, Share & Trends Analysis Report By Grade (Technical Oil, White Oil), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2025 - 2030

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Description

Table of Contents

List of Tables

Mineral Oil Market Growth & Trends:

The global mineral oil market size is projected to reach USD 6.10 billion by 2030, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 4.7% from 2025 to 2030. Increasing demand for benzene, ethylene, and propylene, among others from multiple end-user industries are among primary growth stimulants for the market.

Major players in value chain of the market, include Shell, British Petroleum, Total, Sinopec, and Idemitsu. They are the key raw material suppliers to mineral oil formulators. Key lubricant manufacturers such as Valvoline; Fuchs Group; Amsoil, Inc.; and Kendall strategically venture into joint business operations with oil & gas giants to ensure long-term raw material procurement ease.

The market is also characterized by presence of a number of new entrants, who venture into the arena by tapping into lucrative opportunities available across the U.S. and other North American countries. Existing players aim to enter into strategic collaborations to increase capacities and expand their reach in emerging economies across the globe.

The U.S. FDA has formulated regulations in-line with white mineral grade products subjected to direct food contact, indirect food contact, animal feed, medication, and care application scopes. Furthermore, the European Food Safety Authority has announced that wax products made from mineral oils such as paraffin wax should meet European Directive 1935/2004/EG in order to be safely used in food applications, which also includes packaging.

Mineral Oil Market Report Highlights:

  • The white oil market led the global mineral oil market and accounted for the largest revenue share of 81.78% in 2024
  • Major application scope for technical grades is in the textiles and food sector, whereas the counterpart grades are majorly utilized by the personal care, pharmaceuticals, textiles, and polymer industries among others
  • Latin America offers immense opportunities to vendors looking for expansion into new regions. Apart from dominant countries such as Brazil and Argentina, growth across Chile, Uruguay, and Cuba is also projected to be high
  • The mineral oil market in China led the Asia Pacific market and accounted for the largest revenue share in 2024. Presence of dominant manufacturing ecosystem is a key advantage China holds as compared to other countries in the region
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Product Code: GVR-2-68038-682-0

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Insights
  • 2.2. Segmental Outlook
  • 2.3. Competitive Outlook

Chapter 3. Mineral Oil Market Variables, Trends & Scope

  • 3.1. Global Mineral Oil Market Outlook
  • 3.2. Industry Value Chain Analysis
  • 3.3. Regulatory Framework
    • 3.3.1. Policies and Incentive Plans
    • 3.3.2. Standards and Compliances
    • 3.3.3. Regulatory Impact Analysis
  • 3.4. Market Dynamics
    • 3.4.1. Market Driver Analysis
    • 3.4.2. Market Restraint Analysis
    • 3.4.3. Industry Challenges
  • 3.5. Porter's Five Forces Analysis
    • 3.5.1. Supplier Power
    • 3.5.2. Buyer Power
    • 3.5.3. Substitution Threat
    • 3.5.4. Threat from New Entrant
    • 3.5.5. Competitive Rivalry
  • 3.6. PESTEL Analysis
    • 3.6.1. Political Landscape
    • 3.6.2. Economic Landscape
    • 3.6.3. Social Landscape
    • 3.6.4. Technological Landscape
    • 3.6.5. Environmental Landscape
    • 3.6.6. Legal Landscape

Chapter 4. Mineral Oil Market: Grade Outlook Estimates & Forecasts

  • 4.1. Mineral Oil Market: Grade Movement Analysis, 2024 & 2030
    • 4.1.1. Technical Oil
      • 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 4.1.2. White Oil
      • 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)

Chapter 5. Mineral Oil Market Regional Outlook Estimates & Forecasts

  • 5.1. Regional Snapshot
  • 5.2. Mineral Oil Market: Regional Movement Analysis, 2024 & 2030
  • 5.3. North America
    • 5.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.3. U.S.
      • 5.3.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.3.3.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.4. Canada
      • 5.3.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.3.4.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.5. Mexico
      • 5.3.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.3.5.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • 5.4. Europe
    • 5.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.3. Germany
      • 5.4.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.4.3.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.4. Russia
      • 5.4.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.4.4.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.5. Belgium
      • 5.4.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.4.5.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.6. France
      • 5.4.6.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.4.6.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.7. Italy
      • 5.4.7.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.4.7.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.8. Holland
      • 5.4.8.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.4.8.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • 5.5. Asia Pacific
    • 5.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.5.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.5.3. China
      • 5.5.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.5.3.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.5.4. India
      • 5.5.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.5.4.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.5.5. Japan
      • 5.5.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.5.5.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.5.6. South Korea
      • 5.5.6.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.5.6.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • 5.6. Latin America
    • 5.6.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.6.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.6.3. Brazil
      • 5.6.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.6.3.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.6.4. Argentina
      • 5.6.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.6.4.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.6.5. Colombia
      • 5.6.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.6.5.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.6.6. Ecuador
      • 5.6.6.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.6.6.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.6.7. Chile
      • 5.6.7.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.6.7.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • 5.7. Middle East & Africa
    • 5.7.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.7.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.7.3. Saudi Arabia
      • 5.7.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.7.3.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.7.4. South Africa
      • 5.7.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.7.4.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)
    • 5.7.5. UAE
      • 5.7.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
      • 5.7.5.2. Market Estimates and Forecast, By Grade, 2018 - 2030 (Kilotons) (USD Million)

Chapter 6. Competitive Landscape

  • 6.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 6.2. Vendor Landscape
    • 6.2.1. Company Categorization
    • 6.2.2. List of Key Distributors and Channel Partners
    • 6.2.3. List of Potential Customers/End Users
  • 6.3. Competitive Dynamics
    • 6.3.1. Competitive Benchmarking
    • 6.3.2. Strategy Mapping
    • 6.3.3. Heat Map Analysis
  • 6.4. Company Profiles/Listing
    • 6.4.1. British Petroleum
      • 6.4.1.1. Participant's Overview
      • 6.4.1.2. Financial Performance
      • 6.4.1.3. Product Benchmarking
      • 6.4.1.4. Strategic Initiatives
    • 6.4.2. RENKERT OIL
      • 6.4.2.1. Participant's Overview
      • 6.4.2.2. Financial Performance
      • 6.4.2.3. Product Benchmarking
      • 6.4.2.4. Strategic Initiatives
    • 6.4.3. Exxon Mobil Corporation
      • 6.4.3.1. Participant's Overview
      • 6.4.3.2. Financial Performance
      • 6.4.3.3. Product Benchmarking
      • 6.4.3.4. Strategic Initiatives
    • 6.4.4. Sonneborn LLC
      • 6.4.4.1. Participant's Overview
      • 6.4.4.2. Financial Performance
      • 6.4.4.3. Product Benchmarking
      • 6.4.4.4. Strategic Initiatives
    • 6.4.5. Royal Dutch Shell PLC
      • 6.4.5.1. Participant's Overview
      • 6.4.5.2. Financial Performance
      • 6.4.5.3. Product Benchmarking
      • 6.4.5.4. Strategic Initiatives
    • 6.4.6. Petro-Canada
      • 6.4.6.1. Participant's Overview
      • 6.4.6.2. Financial Performance
      • 6.4.6.3. Product Benchmarking
      • 6.4.6.4. Strategic Initiatives
    • 6.4.7. ENEOS Xplora Inc.
      • 6.4.7.1. Participant's Overview
      • 6.4.7.2. Financial Performance
      • 6.4.7.3. Product Benchmarking
      • 6.4.7.4. Strategic Initiatives
    • 6.4.8. SINOPEC Group
      • 6.4.8.1. Participant's Overview
      • 6.4.8.2. Financial Performance
      • 6.4.8.3. Product Benchmarking
      • 6.4.8.4. Strategic Initiatives
    • 6.4.9. Seojin Chemical
      • 6.4.9.1. Participant's Overview
      • 6.4.9.2. Financial Performance
      • 6.4.9.3. Product Benchmarking
      • 6.4.9.4. Strategic Initiatives
    • 6.4.10. Sasol
      • 6.4.10.1. Participant's Overview
      • 6.4.10.2. Financial Performance
      • 6.4.10.3. Product Benchmarking
      • 6.4.10.4. Strategic Initiatives
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Product Code: GVR-2-68038-682-0

List of Tables

  • Table 1. List of Abbreviations
  • Table 2. Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 3. Technical Oil Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 4. White Oil Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 5. Mineral Oil Market Estimates and Forecasts, By Region, 2018 - 2030 (Kilotons) (USD Million)
  • Table 6. North America Mineral Oil Market Estimates and Forecasts, By Country, 2018 - 2030 (Kilotons) (USD Million)
  • Table 7. North America Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 8. U.S. Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 9. Canada Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 10. Mexico Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 11. Europe Mineral Oil Market Estimates and Forecasts, By Country, 2018 - 2030 (Kilotons) (USD Million)
  • Table 12. Europe Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 13. Germany Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 14. Russia Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 15. Belgium Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 16. France Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 17. Italy Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 18. Holland Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 19. Asia Pacific Mineral Oil Market Estimates and Forecasts, By Country, 2018 - 2030 (Kilotons) (USD Million)
  • Table 20. Asia Pacific Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 21. China Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 22. India Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 23. Japan Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 24. South Korea Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 25. Latin America Mineral Oil Market Estimates and Forecasts, By Country, 2018 - 2030 (Kilotons) (USD Million)
  • Table 26. Latin America Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 27. Brazil Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 28. Argentina Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 29. Colombia Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 30. Ecuador Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 31. Chile Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 32. Middle East & Africa Mineral Oil Market Estimates and Forecasts, By Country, 2018 - 2030 (Kilotons) (USD Million)
  • Table 33. Middle East & Africa Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 34. Saudi Arabia Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 35. South Africa Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
  • Table 36. UAE Mineral Oil Market Estimates and Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)

List of Figures

  • Fig. 1 Market Segmentation
  • Fig. 2 Information Procurement
  • Fig. 3 Data Analysis Models
  • Fig. 4 Market Formulation and Validation
  • Fig. 5 Market Snapshot
  • Fig. 6 Segmental Outlook- Grade and Region
  • Fig. 7 Competitive Outlook
  • Fig. 8 Value Chain Analysis
  • Fig. 9 Market Dynamics
  • Fig. 10 Porter's Analysis
  • Fig. 11 PESTEL analysis
  • Fig. 12 Mineral Oil Market, By Grade: Key Takeaways
  • Fig. 13 Mineral Oil Market, By Grade: Market Share, 2024 & 2030
  • Fig. 14 Technical Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 15 White Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 16 Mineral Oil Market, By Region: Key Takeaways
  • Fig. 17 Mineral Oil Market, By Region: Market Share, 2024 & 2030
  • Fig. 18 North America Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 19 US Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 20 Canada Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 21 Mexico Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 22 Europe Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 23 Germany Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 24 Russia Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 25 Belgium Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 26 France Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 27 Italy Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 28 Holland Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 29 Asia Pacific Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 30 China Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 31 India Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 32 Japan Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 33 South Korea Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 34 Latin America Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 35 Brazil Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 36 Argentina Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 37 Colombia Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 38 Ecuador Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 39 Chile Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 40 Middle East and Africa Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 41 Saudi Arabia Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 42 South Africa Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 43 UAE Mineral Oil Market, 2018 - 2030 (Kilotons) (USD Million)
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