India White Oil Companies (2024 - 2029)

India White Oil Market Companies Summary

The Indian white oil market, which is significantly influenced by the lifestyle improvements and growing demand for cosmetics, is consolidated with several major players contributing to its growth. These businesses have been navigating the challenges posed by the COVID-19 pandemic, with expectations of recovery in the forecast period. Despite the availability of substitute products, these firms see potential opportunities in the food and beverage industry. Two sectors in particular are expected to drive significant growth for the companies in the Indian white oil market: the pharmaceutical industry and the plastics and elastomers industry. The pharmaceutical industry uses white oil in the production of various products, contributing to the demand. Similarly, the plastics industry uses low-volatility white oils in the production of plastics and various other polymers, creating another avenue for growth. The expansion of polymer manufacturing also indicates a promising future for these enterprises in the white oil market.