The global White Spirit Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Grade (Low-flash Grade, Regular-flash Grade, High-flash Grade), By Application (Paint Thinner, Cleansing Agent, Degreasing Agent, Fuel, Disinfectant, Others).
White spirit, also known as mineral spirits or paint thinner, is a versatile solvent widely used in paint, coatings, cleaning, and industrial applications in 2024. This clear, liquid hydrocarbon solvent is derived from petroleum and consists primarily of aliphatic and alicyclic hydrocarbons, making it an effective solvent for dissolving oils, greases, waxes, and other organic compounds. White spirit finds applications as a solvent in oil-based paints, varnishes, and wood stains, where it thins the consistency of the paint, improves flow and leveling, and facilitates brush cleaning and paint removal. Additionally, white spirit is used as a degreaser and cleaning agent in automotive, industrial, and household cleaning products to remove oil, grease, and dirt from surfaces, machinery, and equipment. In industrial applications, white spirit is employed as a solvent for degreasing metal parts, cleaning machinery components, and preparing surfaces for painting and coating. With its high solvency power, low odor, and relatively low toxicity, white spirit remains a preferred solvent in various industries for its versatility, effectiveness, and cost efficiency in a wide range of applications requiring solvent cleaning, degreasing, or thinning.
The market report analyses the leading companies in the industry including Al Sanea, Cepsa, DHC Solvent Chemie GmbH, Exxon Mobil Corp, HCS Group GmbH, KAPCO PETROLEUM INDUSTRIES FZC, KH Chemicals, Kuwaitintlfactory, Mehta Petro Refineries Ltd, Neste, Royal Dutch Shell plc, STOCKMEIER Group, TotalEnergies SE, and others.
A significant market trend in the white spirit industry is the transition towards low-VOC (volatile organic compound) and environmentally friendly formulations. With increasing regulatory pressures and growing environmental awareness, there is a rising demand for white spirits that offer reduced emissions and environmental impact. This trend is driven by factors such as tightening regulations on VOC emissions, consumer preferences for eco-friendly products, and corporate sustainability initiatives. White spirits with lower VOC content and formulations that minimize harmful chemicals are witnessing higher demand as industries seek to comply with regulations and meet consumer expectations for safer and more sustainable solvents. As manufacturers prioritize environmental stewardship and product safety, the market for low-VOC and environmentally friendly white spirits is experiencing growth and innovation to align with evolving industry standards and market preferences.
The driver behind the growth of the white spirit market is the expansion in construction, automotive, and industrial sectors. With ongoing urbanization, infrastructure development, and industrial activities worldwide, there is a significant demand for white spirits used in various applications such as paints, coatings, adhesives, and cleaning products. This driver is fueled by factors such as population growth, urbanization trends, and economic development initiatives. White spirits play a crucial role as solvents and thinners in paint and coating formulations, as well as in degreasing and cleaning processes in automotive and industrial settings. As construction activities, automotive production, and industrial manufacturing continue to expand, particularly in emerging markets, the demand for white spirits as essential chemical intermediates is expected to rise, driving market growth and opportunities for white spirit manufacturers and suppliers.
An opportunity for growth and differentiation in the white spirit market lies in innovation in specialty grades and customized solutions. While white spirits are commonly used as general-purpose solvents, there is potential for differentiation through the development of specialty grades tailored to meet specific industry needs and applications. By offering customized formulations with tailored properties such as flash point, evaporation rate, and solvency power, white spirit manufacturers can address niche market segments and provide value-added solutions to customers in sectors such as paints and coatings, automotive refinishing, and industrial cleaning. Additionally, there is an opportunity to innovate in specialty white spirits for specialized applications such as printing inks, leather processing, and pharmaceutical formulations. By focusing on innovation and customization, white spirit producers can expand their product portfolios, enhance market competitiveness, and capture new opportunities in the dynamic chemical industry landscape.
Within the White Spirit market, the Regular-flash Grade segment is the largest segment. Regular-flash grade white spirit is the most commonly used grade in various industries due to its versatile properties and wide range of applications. Regular-flash grade white spirit is often preferred for its balance between flash point, solvency power, and cost-effectiveness, making it suitable for numerous applications, including paint thinning, cleaning, degreasing, and as a solvent in adhesives and coatings. Additionally, regular-flash grade white spirit meets the requirements of most industrial processes while offering a cost-effective solution compared to high-flash or low-flash grade alternatives. Moreover, the consistent demand for regular-flash grade white spirit across industries such as paints and coatings, automotive, construction, and manufacturing contributes to its dominance as the largest segment in the White Spirit market. As a result, the Regular-flash Grade segment commands a significant share of the market, reflecting its widespread use and versatility across diverse industrial applications.
Within the White Spirit market, the Fuel segment is experiencing rapid growth. White spirit is increasingly being used as a fuel additive or substitute in various applications, including as a component in gasoline blends and as a fuel for outdoor lamps, stoves, and camping equipment. The growing demand for alternative fuels, driven by concerns over environmental pollution and the depletion of fossil fuel reserves, is fuelling the adoption of white spirit as a cleaner-burning and more sustainable fuel option. Additionally, white spirit's relatively high energy content and compatibility with existing fuel infrastructure make it an attractive choice for blending with conventional fuels or as a standalone fuel in certain applications. Moreover, the versatility of white spirit as a fuel extends to industrial uses such as in machinery and equipment requiring solvent-based fuels. As a result, the Fuel segment is the fastest-growing segment within the White Spirit market, propelled by the increasing demand for alternative and cleaner-burning fuel options across various industries and applications.
By Grade
Low-flash Grade
Regular-flash Grade
High-flash Grade
By Application
Paint Thinner
Cleansing Agent
Degreasing Agent
Fuel
Disinfectant
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Al Sanea
Cepsa
DHC Solvent Chemie GmbH
Exxon Mobil Corp
HCS Group GmbH
KAPCO PETROLEUM INDUSTRIES FZC
KH Chemicals
Kuwaitintlfactory
Mehta Petro Refineries Ltd
Neste
Royal Dutch Shell plc
STOCKMEIER Group
TotalEnergies SE
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 White Spirit Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global White Spirit Market Size Outlook, $ Million, 2021 to 2032
3.2 White Spirit Market Outlook by Type, $ Million, 2021 to 2032
3.3 White Spirit Market Outlook by Product, $ Million, 2021 to 2032
3.4 White Spirit Market Outlook by Application, $ Million, 2021 to 2032
3.5 White Spirit Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of White Spirit Industry
4.2 Key Market Trends in White Spirit Industry
4.3 Potential Opportunities in White Spirit Industry
4.4 Key Challenges in White Spirit Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global White Spirit Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global White Spirit Market Outlook by Segments
7.1 White Spirit Market Outlook by Segments, $ Million, 2021- 2032
By Grade
Low-flash Grade
Regular-flash Grade
High-flash Grade
By Application
Paint Thinner
Cleansing Agent
Degreasing Agent
Fuel
Disinfectant
Others
8 North America White Spirit Market Analysis and Outlook To 2032
8.1 Introduction to North America White Spirit Markets in 2024
8.2 North America White Spirit Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America White Spirit Market size Outlook by Segments, 2021-2032
By Grade
Low-flash Grade
Regular-flash Grade
High-flash Grade
By Application
Paint Thinner
Cleansing Agent
Degreasing Agent
Fuel
Disinfectant
Others
9 Europe White Spirit Market Analysis and Outlook To 2032
9.1 Introduction to Europe White Spirit Markets in 2024
9.2 Europe White Spirit Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe White Spirit Market Size Outlook by Segments, 2021-2032
By Grade
Low-flash Grade
Regular-flash Grade
High-flash Grade
By Application
Paint Thinner
Cleansing Agent
Degreasing Agent
Fuel
Disinfectant
Others
10 Asia Pacific White Spirit Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific White Spirit Markets in 2024
10.2 Asia Pacific White Spirit Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific White Spirit Market size Outlook by Segments, 2021-2032
By Grade
Low-flash Grade
Regular-flash Grade
High-flash Grade
By Application
Paint Thinner
Cleansing Agent
Degreasing Agent
Fuel
Disinfectant
Others
11 South America White Spirit Market Analysis and Outlook To 2032
11.1 Introduction to South America White Spirit Markets in 2024
11.2 South America White Spirit Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America White Spirit Market size Outlook by Segments, 2021-2032
By Grade
Low-flash Grade
Regular-flash Grade
High-flash Grade
By Application
Paint Thinner
Cleansing Agent
Degreasing Agent
Fuel
Disinfectant
Others
12 Middle East and Africa White Spirit Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa White Spirit Markets in 2024
12.2 Middle East and Africa White Spirit Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa White Spirit Market size Outlook by Segments, 2021-2032
By Grade
Low-flash Grade
Regular-flash Grade
High-flash Grade
By Application
Paint Thinner
Cleansing Agent
Degreasing Agent
Fuel
Disinfectant
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Al Sanea
Cepsa
DHC Solvent Chemie GmbH
Exxon Mobil Corp
HCS Group GmbH
KAPCO PETROLEUM INDUSTRIES FZC
KH Chemicals
Kuwaitintlfactory
Mehta Petro Refineries Ltd
Neste
Royal Dutch Shell plc
STOCKMEIER Group
TotalEnergies SE
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Grade
Low-flash Grade
Regular-flash Grade
High-flash Grade
By Application
Paint Thinner
Cleansing Agent
Degreasing Agent
Fuel
Disinfectant
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global White Spirit Market Size is valued at $6.8 Billion in 2024 and is forecast to register a growth rate (CAGR) of 5.4% to reach $10.4 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Al Sanea, Cepsa, DHC Solvent Chemie GmbH, Exxon Mobil Corp, HCS Group GmbH, KAPCO PETROLEUM INDUSTRIES FZC, KH Chemicals, Kuwaitintlfactory, Mehta Petro Refineries Ltd, Neste, Royal Dutch Shell plc, STOCKMEIER Group, TotalEnergies SE
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume