산업용 오일 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the industrial oils market size was valued at USD 76.88 billion in 2025 and estimated to grow from USD 80.87 billion in 2026 to reach USD 104.51 billion by 2031, at a CAGR of 5.26% during the forecast period (2026-2031).

This report is Segmented by Product Type (Soybean, Palm, Rapeseed, Sunflower, Cottonseed, Others), Category (Organic, Conventional), End-Use (Biofuel, Paints & Coatings, Cosmetics & Personal Care, Pharmaceuticals, Animal Feed, and More), and Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Liters).

Global Industrial Oils Market Trends and Insights

Rising Demand for Bio-Based and Low-Carbon Industrial Oils

The industrial oils market is seeing a clear shift toward plant-based feedstocks as fuel, chemical, and industrial users move away from fossil-linked inputs. In the United States, soybean oil use in biomass-based diesel production reached 6.1 billion pounds from October 2025 through March 2026, which shows how strongly energy demand is pulling on edible oil supply chains. USDA also projected global vegetable oil industrial use at 58.8 million metric tonnes for MY 2026/27, confirming that this demand shift is broad rather than limited to one country or policy system. Indonesia had already absorbed 14.2 billion liters of palm biodiesel under its B40 program in 2025, demonstrating how domestic blending policy can reallocate large volumes of feedstock within a producing country. As the industrial oils market adjusts to these changes, processing assets that once served only food demand are increasingly treated as part of energy and low-carbon infrastructure. That raises the value of certified, scalable, and policy-aligned oil supply more than simple volume growth would suggest.

Tightening End-Use Specifications in Food, Cosmetics, and Pharmaceuticals

The industrial oils market is also being shaped by stricter product specifications in regulated end uses, especially where purity and ingredient traceability now influence supplier qualification. In the United States, FDA oversight under the cosmetics framework requires stronger ingredient documentation and safety support, which affects how vegetable oil inputs are selected for personal care formulations. In Europe, Regulation (EC) 1223/2009 continues to support closer scrutiny of cosmetic ingredients, which increases the need for verified quality and consistent composition in oil-derived inputs. Croda's 2025 annual report showed the company continuing to build on high-purity lipid systems for pharmaceutical and personal care uses, reflecting the premium being placed on refined, specification-led materials. In practical terms, this means the industrial oils market is no longer divided only by feedstock type or price. It is increasingly divided by whether a supplier can meet documentation, consistency, and regulatory access requirements that buyers now treat as standard.

Volatile Feedstock Availability and Price Spreads

The industrial oils market remains exposed to feedstock volatility because policy-led demand is rising faster than supply flexibility in several major oilseed systems. France's Ministry of Agriculture noted that more than 27% of global rapeseed, 24% of soybean, and 17% of palm oil were directed to biofuels in 2024, which shows how much of the oil pool is already committed to energy use. In Brazil, each 1 percentage-point increase in the biodiesel blend rate requires around 400,000 additional tonnes of soybean oil, which means even small policy shifts can materially tighten availability for other industrial uses. When this policy pressure overlaps with weather and disease risks and uneven crop cycles, price spreads can widen quickly across oils and regions. That creates a more challenging operating environment for mid-sized processors and industrial buyers without global origination options. In the industrial oils market, volatility is therefore not just a procurement issue. It shapes margins, contract behavior, and the ability to commit to long-term industrial supply.

Other drivers and restraints analyzed in the detailed report include:

1. Substitution of Fossil-Derived Inputs in Process and Specialty Applications
2. Growth in Oleochemical and High-Value Downstream Processing Capacity
3. Sustainability Compliance and Certification Costs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Soybean oils accounted for 32.34% of the market in 2025, making them the largest product type in the industrial oils market size profile that year. This leadership reflects deep crush capacity across China, the United States, and Brazil, along with the strong pull from biomass-based diesel and biodiesel programs. USDA showed that U.S. soybean oil use in biomass-based diesel reached 6.1 billion pounds from October 2025 through March 2026, while global oilseed trade projections continued to support high soybean relevance in industrial channels. USDA also projected global soybean and oilseed flows at levels that support continued availability for both energy and non-energy uses, even though demand competition remains intense. Palm oil remains central to Southeast Asian oleochemical systems, but its rising use in domestic biodiesel programs is changing the supply available for export-oriented industrial processing. Sunflower and cottonseed oils continue to serve narrower roles where formulation, regional crop patterns, or end-use requirements matter more than sheer volume.

Rapeseed oils are projected to grow at a 6.72% CAGR through 2031, which makes them the fastest-growing product type in the industrial oils market. Their momentum comes from a favorable policy setting in Europe, where transport decarbonization and renewable feedstock rules continue to support crop-based biodiesel and related industrial demand. RED III set the broader framework for renewable transport energy expansion, while member-state implementation is influencing commercial pull for rapeseed-based pathways. USDA reporting on EU biofuel mandates also showed that changes in member-state treatment of waste-based routes are improving the relative position of crop-based rapeseed biodiesel in key markets such as Germany and the Netherlands. That gives rapeseed oil a stronger industrial growth path than a simple food-versus-fuel comparison would suggest. It also helps explain why the industrial oils industry is seeing more value shift toward conversion and downstream specialization rather than only raw oil output.

Complete Report Scope:

• By Product Type
  • Soybean
  • Palm
  • Rapeseed
  • Sunflower
  • Cottonseed
  • Others
• By Category
  • Organic
  • Conventional
• By End-Use
  • Biofuel
  • Paints and Coatings
  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Animal Feed
  • Food and Beverages
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Spain
    • Netherlands
    • Poland
    • Belgium
    • Sweden
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Thailand
    • Singapore
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Rest of South America
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • United Arab Emirates
    • Turkey
    • Nigeria
    • Egypt
    • Morocco
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific accounted for 42.59% of the industrial oils market in 2025, maintaining its lead among regions. The region combines Indonesia and Malaysia's importance in palm oil with China's position as the largest soybean crusher, making it the most influential area for both feedstock supply and downstream industrial use. Indonesia's 2025 biodiesel program had already absorbed 14.2 billion liters of palm biodiesel under B40, demonstrating how quickly domestic policy can reshape feedstock allocation across Asia-Pacific. India also showed strong policy execution by reaching its E20 ethanol blending target ahead of schedule in June 2025, reinforcing the region's willingness to use biofuel policy as an industrial demand lever. At the same time, RSPO's tighter certification rules are adding a stronger compliance layer to palm-based supply chains across the region. That favors larger integrated producers and makes scale, documentation, and traceability more valuable in the industrial oils market.

South America is projected to be the fastest-growing region, with a 6.87% CAGR through 2031, and the industrial oils market there is being driven mainly by Brazil's soybean and biodiesel systems. Brazil's Fuels of the Future framework is reinforcing a steady pull on soybean oil, with each step-up in blending creating visible demand for domestic processing and industrial use. This keeps the region closely tied to both agricultural output and energy policy, which is why South America is growing faster than more mature markets. Europe remains equally important, but for different reasons, because the industrial oils market there is shaped more by regulation, formulation, and value-added processing than by raw feedstock abundance. France continues to direct a large share of rapeseed oil toward biodiesel, and official material from the French Ministry of Agriculture shows how deeply biofuels are embedded in agricultural oil use. RED III and related member-state changes are also supporting the commercial case for rapeseed pathways in transport and industrial applications. As a result, Europe does not lead by volume, but it remains central to technology adoption, sourcing discipline, and high-specification demand.

North America remains anchored by soybean oil and canola oil, and the industrial oils market there is increasingly linked to renewable diesel and biomass-based diesel expansion. USDA continued to show strong soybean oil use in U.S. biomass-based diesel, while Canada's canola oil crush outlook also pointed to rising use in renewable fuel channels. Bunge and Chevron's Destrehan processing investment captures this regional pattern, because it is built around oilseed processing for renewable fuel feedstocks rather than traditional commodity throughput alone. The Middle East and Africa remain more mixed in structure, with demand centered on imports for food-grade, cosmetic, and pharmaceutical uses rather than a fully developed processing base. Saudi Arabia and the UAE are important buyers of specialty oils, while South Africa shows the most developed oleochemical demand profile in the region. Nigeria, Egypt, and Morocco are moving more slowly because local processing depth and feedstock security are still limited. This leaves North America as an investment-led supply region, while the Middle East and Africa remain more selective and import dependent in the industrial oils market.

1. Cargill, Incorporated
2. Wilmar International Ltd
3. Bunge Global SA
4. Archer Daniels Midland Company
5. The Scoular Company
6. Avril Group
7. Kuala Lumpur Kepong Berhad (KLK)
8. Gustav Heess GmbH
9. Richardson International Limited
10. Best Oil Sp. z o. o.
11. COFCO International
12. RGE Group
13. SD Guthrie Berhad
14. Thai Export Oils
15. K.T.C. (Edibles) Ltd
16. Musim Mas Group
17. AAK AB
18. Croda International Plc
19. The Nisshin OilliO Group, Ltd.
20. OLVEA Group

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rising Demand for Bio-Based and Low-Carbon Industrial Oils
  • 4.2.2 Tightening End-Use Specifications in Food, Cosmetics, and Pharmaceuticals
  • 4.2.3 Substitution of Fossil-Derived Inputs in Process and Specialty Applications
  • 4.2.4 Growth in Oleochemical and High-Value Downstream Processing Capacity
  • 4.2.5 OEM Push for Higher-Purity and Application-Specific Oil Grades
  • 4.2.6 Traceable Feedstock Sourcing as a Procurement Differentiator
• 4.3 Market Restraints
  • 4.3.1 Volatile Feedstock Availability and Price Spreads
  • 4.3.2 Sustainability Compliance and Certification Costs
  • 4.3.3 Performance Trade-Offs Versus Petrochemical Alternatives
  • 4.3.4 Supply Chain Concentration in Key Oilseed Origins
• 4.4 Supply Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Buyers/Consumers
  • 4.7.3 Bargaining Power of Suppliers
  • 4.7.4 Threat of Substitute Products
  • 4.7.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE AND VOLUME)

• 5.1 By Product Type
  • 5.1.1 Soybean
  • 5.1.2 Palm
  • 5.1.3 Rapeseed
  • 5.1.4 Sunflower
  • 5.1.5 Cottonseed
  • 5.1.6 Others
• 5.2 By Category
  • 5.2.1 Organic
  • 5.2.2 Conventional
• 5.3 By End-Use
  • 5.3.1 Biofuel
  • 5.3.2 Paints and Coatings
  • 5.3.3 Cosmetics and Personal Care
  • 5.3.4 Pharmaceuticals
  • 5.3.5 Animal Feed
  • 5.3.6 Food and Beverages
  • 5.3.7 Others
• 5.4 By Geography
  • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.1.4 Rest of North America
  • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 Italy
    • 5.4.2.4 France
    • 5.4.2.5 Spain
    • 5.4.2.6 Netherlands
    • 5.4.2.7 Poland
    • 5.4.2.8 Belgium
    • 5.4.2.9 Sweden
    • 5.4.2.10 Rest of Europe
  • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 India
    • 5.4.3.3 Japan
    • 5.4.3.4 South Korea
    • 5.4.3.5 Australia
    • 5.4.3.6 Indonesia
    • 5.4.3.7 Thailand
    • 5.4.3.8 Singapore
    • 5.4.3.9 Rest of Asia-Pacific
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Colombia
    • 5.4.4.4 Chile
    • 5.4.4.5 Peru
    • 5.4.4.6 Rest of South America
  • 5.4.5 Middle East and Africa
    • 5.4.5.1 South Africa
    • 5.4.5.2 Saudi Arabia
    • 5.4.5.3 United Arab Emirates
    • 5.4.5.4 Turkey
    • 5.4.5.5 Nigeria
    • 5.4.5.6 Egypt
    • 5.4.5.7 Morocco
    • 5.4.5.8 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Cargill, Incorporated
  • 6.4.2 Wilmar International Ltd
  • 6.4.3 Bunge Global SA
  • 6.4.4 Archer Daniels Midland Company
  • 6.4.5 The Scoular Company
  • 6.4.6 Avril Group
  • 6.4.7 Kuala Lumpur Kepong Berhad (KLK)
  • 6.4.8 Gustav Heess GmbH
  • 6.4.9 Richardson International Limited
  • 6.4.10 Best Oil Sp. z o. o.
  • 6.4.11 COFCO International
  • 6.4.12 RGE Group
  • 6.4.13 SD Guthrie Berhad
  • 6.4.14 Thai Export Oils
  • 6.4.15 K.T.C. (Edibles) Ltd
  • 6.4.16 Musim Mas Group
  • 6.4.17 AAK AB
  • 6.4.18 Croda International Plc
  • 6.4.19 The Nisshin OilliO Group, Ltd.
  • 6.4.20 OLVEA Group

7 MARKET OPPORTUNITIES AND FUTURE TRENDS