The Global White Mineral Oil (Petroleum) Market was valued at USD 2.1 Billion in 2023 and is projected to reach USD 2.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period (2024-2030). This growth is fueled by expanding pharmaceutical formulations, cosmetic production, and food processing applications, along with industrialization in emerging markets.

As a highly refined petroleum derivative, white mineral oil serves as a critical industrial and consumer product due to its purity, chemical stability, and versatility. In this analysis, we examine the Top 10 Companies in the White Mineral Oil (Petroleum) Industry—global leaders advancing production technologies and application development across diverse sectors.

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🔟 1. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: Marcol™ and Primol™ white oil series

ExxonMobil dominates the global white mineral oil landscape through its advanced refining capabilities and extensive product portfolio. The company supplies high-purity grades meeting stringent pharmaceutical (USP/NF), food (FDA), and industrial specifications.

Market Leadership:

• World’s largest white oil production capacity
• Technical expertise in high-viscosity specialty grades
• Global supply chain serving 100+ countries

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9️⃣ 2. Sonneborn, LLC

Headquarters: Parsippany, New Jersey, USA
Key Offering: Pharmaceutical and cosmetic grade white oils

Sonneborn specializes in ultra-pure white mineral oils, holding certifications from global pharmacopeias. The company serves regulated industries with cGMP-compliant manufacturing facilities in North America and Europe.

Quality Focus:

• USP/NF, EP, and JP certified production
• Specialized low-viscosity formulations
• Dedicated excipient manufacturing lines

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8️⃣ 3. Panama Petrochem Ltd.

Headquarters: Dubai, UAE
Key Offering: PANOL™ white oil range

Panama Petrochem has emerged as a key supplier in Middle Eastern and Asian markets, offering a comprehensive viscosity portfolio. The company serves diverse applications from plastics processing to personal care formulations.

Regional Strength:

• Strategic Middle East production base
• Custom formulations for tropical climates
• Expanding ASEAN market presence

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7️⃣ 4. Savita Oil Technologies Ltd.

Headquarters: Mumbai, India
Key Offering: Petrowhite branded white oils

Savita Oil Technologies is India’s leading white mineral oil producer, supplying pharmaceutical, cosmetic, and technical grades to domestic and international markets. The company operates FDA-approved manufacturing facilities.

Production Capabilities:

• 150,000 MT annual production capacity
• Cost-competitive feedstock procurement
• Strong export network to Africa and Middle East

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6️⃣ 5. Shell plc

Headquarters: London, UK
Key Offering: Shell Risella oil series

Shell supplies premium white mineral oils through its global refining network, focusing on technical and industrial applications. The company invests in sustainable production processes to meet evolving regulatory standards.

Technical Solutions:

• Application-specific formulation expertise
• World-class technical support services
• Consistent quality across global supply points

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5️⃣ 6. TotalEnergies SE

Headquarters: Paris, France
Key Offering: Multiple white oil grades

TotalEnergies produces pharmaceutical and food-grade white mineral oils at its European refineries, emphasizing sustainable production methods and circular economy principles.

European Leadership:

• EU REACH compliant formulations
• Strategic partnerships with pharma excipient users
• Investment in low-carbon refining technologies

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4️⃣ 7. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: Chevron white oil products

Chevron manufactures ultra-refined white mineral oils through proprietary hydroprocessing technologies. The company serves demanding applications in plastics, adhesives, and personal care products.

Technology Edge:

• Patented refining processes
• Enhanced stability formulations
• Global quality assurance network

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3️⃣ 8. Suncor Energy Inc.

Headquarters: Calgary, Canada
Key Offering: White mineral oils under multiple brands

Suncor Energy produces premium white oils through its Canadian refineries, serving North American pharmaceutical and food processing markets with high-purity products.

Sustainability Initiatives:

• Carbon intensity reduction programs
• Renewable feedstock integration
• Waste-to-value optimization

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2️⃣ 9. FUCHS Group

Headquarters: Mannheim, Germany
Key Offering: Specialty white oils and lubricants

FUCHS develops high-performance white mineral oil formulations with enhanced properties for technical applications, including specialty lubricants and industrial fluids.

Innovation Focus:

• Additive-enhanced white oil solutions
• Application-specific R&D programs
• Extended performance formulations

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1️⃣ 10. Calumet Specialty Products Partners

Headquarters: Indianapolis, Indiana, USA
Key Offering: Specialized white mineral oils

Calumet produces tailored white oil solutions for niche industrial applications, focusing on adhesive, plasticizer, and technical-grade products through flexible manufacturing processes.

Customization Capabilities:

• Client-specific formulation development
• Small-batch production flexibility
• Rapid prototyping of new grades

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🌍 Market Outlook: Evolving Applications and Regulations

The white mineral oil sector is undergoing significant transformation as new applications emerge across industries while regulatory frameworks tighten globally. Pharmaceutical and food-grade segments continue driving premiumization trends.

📈 Key Market Developments:

• Stricter pharmacopeia standards for excipient-grade white oils
• Growing demand for sustainable production certifications
• Increasing adoption in biopharma cold chain applications
• Technical advancements in high-purity refining processes

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The companies profiled above represent the vanguard of an industry that continues to evolve, meeting stringent quality demands while developing innovative applications for this versatile petroleum derivative.