Global White Spirit Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Type 0, Type 1, Type 2, and Type 3.

By Grade;

Low-Flash Grade, Regular-Flash Grade, and High-Flash Grade.

By Application;

Paint Thinner, Cleansing & Degreasing Agent, Disinfectant, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn107460918 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global White Spirit Market (USD Million), 2021 - 2031

In the year 2024, the Global White Spirit Market was valued at USD 7,354.25 million. The size of this market is expected to increase to USD 10,142.96 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.7%.

The Global White Spirit Market represents a significant sector within the global chemicals industry, encompassing a range of solvent products primarily used in industrial and commercial applications. White spirits, also known as mineral spirits, are a type of refined hydrocarbon used extensively in paint thinners, degreasers, and as a general solvent. They are characterized by their clear, colorless appearance and ability to dissolve oils and resins. The market for white spirits is driven by its essential role in various industries, including automotive, construction, and manufacturing.

In recent years, the demand for white spirits has been influenced by growth in industrial activities and increased use in paints and coatings. Innovations in the production of white spirits, such as improved refining processes and eco-friendly alternatives, are shaping the market landscape. Regulatory pressures regarding environmental impact and sustainability are also impacting production methods and product offerings. Market players are increasingly focused on developing more sustainable and less toxic formulations to meet both consumer demands and regulatory standards.

The Global White Spirit Market is characterized by its regional distribution, with significant consumption in North America, Europe, and Asia Pacific. Economic fluctuations, regulatory changes, and technological advancements are key factors affecting market dynamics. As industries continue to expand and evolve, the white spirit market is likely to experience shifts in demand and supply, making it an area of ongoing interest for industry stakeholders, researchers, and policymakers.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Grade
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global White Spirit Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial growth spurts
        2. Paints and coatings
        3. Automotive refinishing
        4. Increasing solvent applications
      2. Restraints
        1. Environmental regulations
        2. High production costs
        3. Health and safety concerns
        4. Volatile raw material prices
      3. Opportunities
        1. Sustainable product innovations
        2. Emerging market expansion
        3. Increased automotive industry use
        4. Growth in construction sector
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global White Spirit Market, By Type, 2021 - 2031 (USD Million)
      1. Type 0
      2. Type 1
      3. Type 2
      4. Type 3
    2. Global White Spirit Market, By Grade, 2021 - 2031 (USD Million)
      1. Low-flash Grade
      2. Regular-flash Grade
      3. High-flash Grade
    3. Global White Spirit Market, By Application, 2021 - 2031 (USD Million)
      1. Paint Thinner
      2. Cleansing & Degreasing Agent
      3. Disinfectant
      4. Others
    4. Global White Spirit Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Al Sanea
      2. Cepsa
      3. DHC Solvent Chemie GmbH
      4. Exxon Mobil Corporation
      5. Ganga Rasayanie P. Ltd
      6. HCS Group
      7. Kapco Petroleum Industries FZC
      8. KH Chemicals
      9. KIF
      10. Neste
      11. PMPI
      12. PT Pertamina
      13. Royal Dutch Shell PLC
      14. STOCKMEIER Gruppe
      15. Total SA
  7. Analyst Views
  8. Future Outlook of the Market