White Spirit Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for white spirit. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

White Spirit Market Size (2025E): USD 6.8 Billion
Projected Market Value (2032F): USD 9.1 Billion
Global Market Growth Rate (CAGR 2025 to 2032): 4.3%

White Spirit Market - Report Scope:

White spirit, also known as mineral spirits, is a petroleum-derived clear liquid commonly used as a solvent in painting and decorating, as well as in industrial cleaning and degreasing applications. It is a critical ingredient in the formulation of paints, coatings, varnishes, and other industrial and consumer products. The white spirit market caters to various end-use sectors including construction, automotive, manufacturing, and household products. Market growth is driven by demand for solvents in industrial processes, increased construction activity, and growth in the paints and coatings industry, especially in emerging markets.

Market Growth Drivers:

The global white spirit market is propelled by several key factors, including robust growth in the construction and automotive sectors, which significantly drive demand for paints and coatings where white spirit is widely used as a solvent. Additionally, the increasing use of white spirit in cleaning and degreasing applications across manufacturing industries contributes to market expansion. The rise in infrastructure development projects in emerging economies, combined with rapid urbanization, further supports long-term growth. Moreover, white spirit's effectiveness, low cost, and versatility across various applications ensure its continued relevance in multiple industries.

Market Restraints:

Despite steady demand, the white spirit market faces challenges related to environmental and health concerns. Regulatory restrictions due to volatile organic compound (VOC) emissions and potential health hazards such as skin and respiratory irritation limit market growth in developed regions. Increasing preference for environmentally friendly and bio-based solvents is also putting pressure on traditional white spirit products. Furthermore, fluctuations in crude oil prices impact the cost structure of white spirit production, leading to potential instability in supply chains and profitability.

Market Opportunities:

The market presents opportunities in the development and promotion of low-aromatic and eco-friendly variants of white spirit, which can align with evolving environmental standards and customer preferences. Innovations in solvent recycling technologies and investments in research for sustainable alternatives offer long-term prospects. Emerging economies in Asia Pacific, Latin America, and Africa are expected to provide lucrative opportunities due to growing industrialization, construction activity, and expanding automotive sectors. Companies that focus on localization strategies, value-added product offerings, and regulatory compliance are likely to maintain a competitive edge.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the white spirit market globally?
Which applications and end-use industries are contributing most significantly to market demand?
How are environmental regulations and sustainability trends shaping the future of the white spirit industry?
Who are the key players in the white spirit market, and what strategies are they adopting for growth?
What are the regional trends and opportunities in the global white spirit market?

Competitive Intelligence and Business Strategy:

Strategic partnerships with paint manufacturers and chemical distributors, along with investments in cleaner technologies, are enabling companies to meet tightening environmental standards. Key players are also engaging in mergers, acquisitions, and regional expansions to strengthen market presence and ensure supply chain resilience across key markets.

Key Companies Profiled:

Shell Plc.
ExxonMobil Corporation
Total S.A.
Idemitsu Kosan Co., Ltd.
Neste Oyj
Haltermann Carless Deutschland GmbH
DHC Solvent Chemie GmbH
GSB Chemical Co. Pty. Ltd.
Al Sanea Chemical products.

White Spirit Market Research Segmentation:

By Grade

Low Flash
Regular Flash
High Flash

By Product Type

Type 1
Type 2
Type 3
Type 0

By Application

Paint Thinner
Cleaning Solvent
Degreasing Solvent
Fuel
Disinfectants
Others

By Region

North America
Latin America
Europe
East Asia
South Asia Oceania
Middle East Africa

Product Code: PMRREP4544

1. Executive Summary

1.1. Global White Spirit Market Snapshot, 2025 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Lifecycle Analysis
2.4. Global Parent Market Overview
2.5. White Spirit Market: Value Chain
- 2.5.1. List of Raw Product Type Supplier
- 2.5.2. List of Manufacturers
- 2.5.3. List of Distributors
- 2.5.4. List of Applications
- 2.5.5. Profitability Analysis
2.6. Forecast Factors - Relevance and Impact
2.7. Covid-19 Impact Assessment
2.8. PESTLE Analysis
2.9. Porter Five Force's Analysis
2.10. Geopolitical Tensions: Market Impact
2.11. Regulatory and Product Type Landscape

3. 3.1. Macro-Economic Factors

3.1. Global Sectorial Outlook
3.2. Global GDP Growth Outlook
3.3. Other Macro-economic Factors

4. Price Trend Analysis, 2019-2032

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Prices By Grade /Product Type/Application
4.4. Regional Prices and Product Preferences

5. Global White Spirit Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

5.1. Key Highlights
- 5.1.1. Market Size and Y-o-Y Growth
- 5.1.2. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Volume (Tons) Analysis and Forecast
- 5.2.1. Historical Market Size Analysis, 2019-2024
- 5.2.2. Current Market Size Forecast, 2025-2032
5.3. Global White Spirit Market Outlook: Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) Analysis By Grade , 2019-2024
- 5.3.3. Current Market Size (US$ Bn) Forecast By Grade, 2025-2032
  - 5.3.3.1. Low Flash
  - 5.3.3.2. Regular Flash
  - 5.3.3.3. High Flash
5.4. Market Attractiveness Analysis: Grade
5.5. Global White Spirit Market Outlook: Product Type
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis By Product Type, 2019-2024
- 5.5.3. Current Market Size (US$ Bn) Forecast By Product Type, 2025-2032
  - 5.5.3.1. Type 1
  - 5.5.3.2. Type 2
  - 5.5.3.3. Type 3
  - 5.5.3.4. Type 0
5.6. Market Attractiveness Analysis: Product Type
5.7. Global White Spirit Market Outlook: Application
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) Analysis By Application, 2019-2024
- 5.7.3. Current Market Size (US$ Bn) Forecast By Application, 2025-2032
  - 5.7.3.1. Paint Thinner
  - 5.7.3.2. Cleaning Solvent
  - 5.7.3.3. Degreasing Solvent
  - 5.7.3.4. Fuel
  - 5.7.3.5. Disinfectants
  - 5.7.3.6. Others
5.8. Market Attractiveness Analysis: Application

6. Global White Spirit Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) Analysis By Region, 2019-2024
6.3. Current Market Size (US$ Bn) Forecast By Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America White Spirit Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) Analysis By Market, 2019-2024
- 7.3.1. By Country
- 7.3.2. By Grade
- 7.3.3. By Product Type
- 7.3.4. By Application
7.4. Current Market Size (US$ Bn) Forecast By Country, 2025-2032
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Bn) Forecast By Grade, 2025-2032
- 7.5.1. Low Flash
- 7.5.2. Regular Flash
- 7.5.3. High Flash
7.6. Current Market Size (US$ Bn) Forecast By Product Type, 2025-2032
- 7.6.1. Type 1
- 7.6.2. Type 2
- 7.6.3. Type 3
- 7.6.4. Type 0
7.7. Current Market Size (US$ Bn) Forecast By Application, 2025-2032
- 7.7.1. Paint Thinner
- 7.7.2. Cleaning Solvent
- 7.7.3. Degreasing Solvent
- 7.7.4. Fuel
- 7.7.5. Disinfectants
- 7.7.6. Others
7.8. Market Attractiveness Analysis

8. Europe White Spirit Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) Analysis By Market, 2019-2024
- 8.3.1. By Country
- 8.3.2. By Grade
- 8.3.3. By Product Type
8.4. By Current Market Size (US$ Bn) Forecast By Country, 2025-2032
- 8.4.1. Germany
- 8.4.2. Italy
- 8.4.3. France
- 8.4.4. U.K.
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Rest of Europe
8.5. Current Market Size (US$ Bn) Forecast By Grade, 2025-2032
- 8.5.1. Low Flash
- 8.5.2. Regular Flash
- 8.5.3. High Flash
8.6. Current Market Size (US$ Bn) Forecast By Product Type, 2025-2032
- 8.6.1. Type 1
- 8.6.2. Type 2
- 8.6.3. Type 3
- 8.6.4. Type 0
8.7. Current Market Size (US$ Bn) Forecast By Application, 2025-2032
- 8.7.1. Paint Thinner
- 8.7.2. Cleaning Solvent
- 8.7.3. Degreasing Solvent
- 8.7.4. Fuel
- 8.7.5. Disinfectants
- 8.7.6. Others
8.8. Market Attractiveness Analysis

9. East Asia White Spirit Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) Analysis By Market, 2019-2024
- 9.3.1. By Country
- 9.3.2. By Grade
- 9.3.3. By Product Type
- 9.3.4. By Application
9.4. Current Market Size (US$ Bn) Forecast By Country, 2025-2032
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Bn) Forecast By Grade, 2025-2032
- 9.5.1. Low Flash
- 9.5.2. Regular Flash
- 9.5.3. High Flash
9.6. Current Market Size (US$ Bn) Forecast By Product Type, 2025-2032
- 9.6.1. Type 1
- 9.6.2. Type 2
- 9.6.3. Type 3
- 9.6.4. Type 0
9.7. Current Market Size (US$ Bn) Forecast By Application, 2025-2032
- 9.7.1. Paint Thinner
- 9.7.2. Cleaning Solvent
- 9.7.3. Degreasing Solvent
- 9.7.4. Fuel
- 9.7.5. Disinfectants
- 9.7.6. Others
9.8. Market Attractiveness Analysis

10. South Asia & Oceania White Spirit Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) Analysis By Market, 2019-2024
- 10.3.1. By Country
- 10.3.2. By Grade
- 10.3.3. By Product Type
- 10.3.4. By Application
10.4. Current Market Size (US$ Bn) Forecast By Country, 2025-2032
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Bn) Forecast By Grade, 2025-2032
- 10.5.1. Low Flash
- 10.5.2. Regular Flash
- 10.5.3. High Flash
10.6. Current Market Size (US$ Bn) Forecast By Product Type, 2025-2032
- 10.6.1. Type 1
- 10.6.2. Type 2
- 10.6.3. Type 3
- 10.6.4. Type 0
10.7. Current Market Size (US$ Bn) Forecast By Application, 2025-2032
- 10.7.1. Paint Thinner
- 10.7.2. Cleaning Solvent
- 10.7.3. Degreasing Solvent
- 10.7.4. Fuel
- 10.7.5. Disinfectants
- 10.7.6. Others
10.8. Market Attractiveness Analysis

11. Latin America White Spirit Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) Analysis By Market, 2019-2024
- 11.3.1. By Country
- 11.3.2. By Grade
- 11.3.3. By Product Type
- 11.3.4. By Application
11.4. Current Market Size (US$ Bn) Forecast By Country, 2025-2032
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Bn) Forecast By Grade, 2025-2032
- 11.5.1. Low Flash
- 11.5.2. Regular Flash
- 11.5.3. High Flash
11.6. Current Market Size (US$ Bn) Forecast By Product Type, 2025-2032
- 11.6.1. Type 1
- 11.6.2. Type 2
- 11.6.3. Type 3
- 11.6.4. Type 0
11.7. Current Market Size (US$ Bn) Forecast By Application, 2025-2032
- 11.7.1. Paint Thinner
- 11.7.2. Cleaning Solvent
- 11.7.3. Degreasing Solvent
- 11.7.4. Fuel
- 11.7.5. Disinfectants
- 11.7.6. Others
11.8. Market Attractiveness Analysis

12. Middle East & Africa White Spirit Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) Analysis By Market, 2019-2024
- 12.3.1. By Country
- 12.3.2. By Grade
- 12.3.3. By Product Type
- 12.3.4. By Application
12.4. Current Market Size (US$ Bn) Forecast By Grade, 2025-2032
- 12.4.1. Low Flash
- 12.4.2. Regular Flash
- 12.4.3. High Flash
12.5. Current Market Size (US$ Bn) Forecast By Product Type, 2025-2032
- 12.5.1. Type 1
- 12.5.2. Type 2
- 12.5.3. Type 3
- 12.5.4. Type 0
12.6. Current Market Size (US$ Bn) Forecast By Application, 2025-2032
- 12.6.1. Paint Thinner
- 12.6.2. Cleaning Solvent
- 12.6.3. Degreasing Solvent
- 12.6.4. Fuel
- 12.6.5. Disinfectants
- 12.6.6. Others
12.7. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.2.3. Apparent Production Capacity
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Shell Plc.
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. ExxonMobil Corporation
- 13.3.3. Total S.A.
- 13.3.4. Idemitsu Kosan Co., Ltd.
- 13.3.5. Neste Oyj
- 13.3.6. Haltermann Carless Deutschland GmbH
- 13.3.7. DHC Solvent Chemie GmbH
- 13.3.8. GSB Chemical Co. Pty. Ltd.
- 13.3.9. Al Sanea Chemical Products

Note: List of companies is not exhaustive in Grade . It is subject to further augmentation during course of research

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations

White Spirit Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032