The Global Pharmaceutical Grade Mineral Oil Market was valued at USD 862 million in 2023 and is projected to reach USD 1,407.61 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.60% during the forecast period (2023-2032). This steady expansion reflects increasing applications in pharmaceutical formulations, medical devices, and cosmetic products due to its purity and regulatory compliance.

As global healthcare standards evolve, pharmaceutical mineral oil plays a critical role as an excipient in drug delivery systems, ointment bases, and medical lubricants. This analysis profiles the Top 10 Companies in the Pharmaceutical Grade Mineral Oil Industry—manufacturers maintaining pharmacopeia standards while innovating for specialized therapeutic applications.

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🔟 1. Sonneborn LLC

Headquarters: Parsippany, New Jersey, USA
Key Offering: USP/EP/JP compliant white mineral oils

With 130+ years of hydrocarbon expertise, Sonneborn dominates the pharmaceutical mineral oil sector. Its ultra-purified products serve as critical excipients in topical creams, ophthalmic preparations, and oral laxatives.

Quality Assurance:

• 21 CFR 210/211 compliant manufacturing
• Dedicated healthcare production lines
• Extensive stability testing protocols

Download FREE Sample Report: Global Pharmaceutical Grade Mineral Oil Market – View Detailed Research Report

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9️⃣ 2. Calumet Penreco

Headquarters: Houston, Texas, USA
Key Offering: Drakeol® pharmaceutical oils

Calumet specializes in high-purity mineral oils meeting USP/NF and EP monographs. Their proprietary molecular distillation process removes aromatic compounds to below detectable limits.

Healthcare Focus:

• FDA Drug Master Files for key products
• Specialized grades for injectable formulations
• Custom viscosity blends for specific APIs

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Pluriol® oil healthcare series

BASF’s pharmaceutical oils demonstrate exceptional oxidative stability (>5 year shelf life) and batch-to-batch consistency. The company supplies 60+ countries through certified distribution partners.

Regulatory Compliance:

• Full EP 10.0 compliance
• ICH Q7 GMP certification
• REACH registered substances

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7️⃣ 4. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: Ondina® medical white oils

Shell’s pharmaceutical division focuses on vaccine adjuvants and medical device lubricants. Their technical teams provide formulation support for complex drug delivery systems.

Specialized Solutions:

• Low-viscosity grades for nasal sprays
• Anti-fogging agents for surgical instruments
• Documentation packages for global submissions

Download FREE Sample Report: Global Pharmaceutical Grade Mineral Oil Market – View Detailed Research Report

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6️⃣ 5. Eastern Petroleum

Headquarters: New Delhi, India
Key Offering: Cost-optimized GMP mineral oils

As India’s leading pharmaceutical oil supplier, Eastern Petroleum serves 300+ domestic drug manufacturers. Their products balance international quality standards with emerging market affordability.

Regional Advantages:

• WHO-prequalified manufacturing
• Specialized tropical climate formulations
• API-compatibility testing services

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5️⃣ 6. Petro-Canada Lubricants

Headquarters: Mississauga, Canada
Key Offering: PureChoice® therapeutic oils

Petro-Canada’s pharmaceutical oils originate from Canadian sweet crude, yielding unique compositional benefits for sensitive medical applications like neonatal care products.

Technical Highlights:

• Low polycyclic aromatic hydrocarbon (PAH) content
• Controlled particle size distribution
• Cold-chain validated logistics

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4️⃣ 7. ExxonMobil Chemical

Headquarters: Houston, Texas, USA
Key Offering: Marcol™ pharma-grade oils

ExxonMobil supplies mineral oils to 80% of top-20 global pharma companies. Their medical-grade hydrocarbons undergo 47 quality tests before release.

Quality Systems:

• ISO 15378 certified packaging
• DNA-traceable batch documentation
• Dedicated healthcare audit team

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3️⃣ 8. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Tailored molecular weight oils

Huntsman specializes in oncology and dermatology formulations, with oils designed for enhanced API solubility and controlled release profiles.

Innovation Focus:

• Patent-pending viscosity modifiers
• Low-irritation pediatric grades
• Compatibility with biologics

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2️⃣ 9. Panama Petrochem Ltd

Headquarters: Dubai, UAE
Key Offering: MEA-regional pharmaceutical oils

Panama Petrochem serves Middle Eastern and African markets with oils certified to USP, BP, and IP standards. Their regional production ensures reliable supply to 40+ countries.

Market Specialization:

• Halal-certified production
• Desert-climate stabilization
• Arab Pharmacopeia compliance

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1️⃣ 10. Gandhar Oil Refinery

Headquarters: Mumbai, India
Key Offering: Divyol™ branded white oils

Gandhar combines traditional refining with modern analytics to serve both Western medicine and Ayurvedic formulations. Their growth reflects India’s pharmaceutical expansion.

Dual Capabilities:

• USP-NF compliant modern oils
• Ayurvedic medicine compatibility
• Cost-effective API-grade production

Get Full Report Here: Global Pharmaceutical Grade Mineral Oil Market – View Detailed Research Report

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🌍 Market Outlook: Pharmaceutical Mineral Oil Evolution

The pharmaceutical mineral oil sector faces increasing regulatory scrutiny while expanding into advanced drug delivery systems. Suppliers must balance pharmacopeia compliance with innovative formulation support.

📈 Key Developments:

• USP modernization driving process changes
• Biologics compatibility requirements
• Sustainable sourcing initiatives
• Emerging market quality convergence

Get Full Report Here: Global Pharmaceutical Grade Mineral Oil Market – View Detailed Research Report

Leading companies profiled above demonstrate how mineral oil suppliers maintain essential healthcare standards while enabling pharmaceutical innovation through specialized hydrocarbon solutions.