White Spirits Global Market Report 2026

White spirits, also referred to as mineral spirits, are clear solvents derived from petroleum that are commonly used as paint thinners and cleaning agents. Their primary function is to dissolve oil-based paints and varnishes, making them effective for thinning paints and cleaning brushes and surfaces. Additionally, they serve as degreasers in both industrial and household settings.

The primary categories of white spirits include low aromatic white spirits, medium aromatic white spirits, and high aromatic white spirits. Low aromatic white spirits have a minimal content of aromatic hydrocarbons, resulting in lower odor and reduced toxicity. They are also categorized by flash point into low, regular, and high flash point types, with packaging options such as drums, cans, and bulk formats. Distribution channels are divided into on-trade and off-trade, while key applications of white spirits encompass use as paint thinners, thread-cutting agents, reaming lubricants, aerosols, wood preservatives, lacquers, varnishes, automobiles, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the white spirits market by increasing costs of petroleum feedstocks, refining processes, and cross border solvent trade. The impact is strongest in paints, varnishes, and industrial cleaning applications, particularly in Asia Pacific and North America. Higher tariffs have influenced solvent pricing and supply chain stability. However, tariffs have also promoted local solvent production and regional distribution networks.

The white spirits market research report is one of a series of new reports from The Business Research Company that provides white spirits market statistics, including white spirits industry global market size, regional shares, competitors with a white spirits market share, detailed white spirits market segments, market trends and opportunities, and any further data you may need to thrive in the white spirits industry. This white spirits market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The white spirits market size has grown strongly in recent years. It will grow from $8.93 billion in 2025 to $9.62 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growth of construction activities, expansion of paint manufacturing, demand for solvent based formulations, industrial cleaning needs, availability of petroleum derivatives.

The white spirits market size is expected to see strong growth in the next few years. It will grow to $12.81 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to demand for low toxicity solvents, growth of automotive refinishing, expansion of industrial maintenance activities, innovation in solvent formulations, increasing infrastructure investments. Major trends in the forecast period include steady demand from paints and coatings industry, growing use as industrial degreasing solvent, expansion of low aromatic white spirits, increasing focus on controlled evaporation rates, rising adoption in wood preservation applications.

The growing demand in building and construction activities is expected to drive the growth of the white spirits market in the coming years. Building and construction activities encompass the planning, design, development, and erection of residential, commercial, industrial, and infrastructure projects, including new construction, renovations, remodeling, and maintenance work. This increase is largely driven by rapid urbanization, which raises the need for housing, infrastructure, and commercial spaces. White spirits support these activities by acting as effective solvents in paints, varnishes, and cleaning agents, which are crucial for surface preparation and finishing. They enhance efficiency by facilitating smooth application and easy cleanup, contributing to high-quality construction and renovation outcomes. For example, in April 2025, the United States Census Bureau reported construction spending of $2,156,495 million in 2024, up from $2,023,662 million in 2023. Hence, the rising demand in building and construction activities is fueling the white spirits market.

Increasing infrastructure development is also expected to boost the growth of the white spirits market. Infrastructure development involves the construction and enhancement of essential facilities such as roads, power supply, and communication networks that drive economic growth and improve societal welfare. This growth is supported by increased government investments in public infrastructure projects aimed at stimulating the economy and creating jobs. White spirits play a vital role in infrastructure development by serving as efficient solvents in paints, coatings, and cleaning agents necessary for construction and maintenance tasks. They improve project efficiency by ensuring smooth application and cleanup, contributing to durable and high-quality infrastructure. For instance, in July 2024, the UK's Office for National Statistics reported infrastructure investment of $17.25 billion (£13.8 billion) in 2023, a 3.9% rise compared to 2022. Therefore, the expansion of infrastructure development is driving the white spirits market forward.

Leading companies in the white spirits market are concentrating on creating innovative products, such as premium brands, to diversify their portfolios, attract new customer segments, and increase brand value in a competitive environment. Premium brands are higher-quality, often more expensive and exclusive product lines that provide superior craftsmanship, ingredients, or features compared to standard options. For example, in September 2024, Diageo plc, a UK-based beverage company, launched the X Series, which includes premium vodka, gin, citron rum, and dark rum. This launch caters to evolving consumer preferences for quality, variety, and mixability, particularly among younger consumers seeking sophisticated and experimental drinking experiences.

Major companies operating in the white spirits market are ExxonMobil Chemical Company, Shell Chemicals Limited, TotalEnergies SE, BP plc, Chevron Phillips Chemical Company, Sasol Limited, Reliance Industries Limited, Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Neste Oyj, Idemitsu Kosan Co., Ltd., SK Energy Co., Ltd., GS Caltex Corporation, China Petroleum & Chemical Corporation (Sinopec), PetroChina Company Limited, Phillips 66 Company, Marathon Petroleum Corporation, Citgo Petroleum Corporation, Repsol S.A., ENEOS Corporation, PTT Global Chemical Public Company Limited

North America was the largest region in the white spirits market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the white spirits market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the white spirits market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The white spirits market consists of sales of polishes and waxes, adhesives and sealants, and printing inks. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

White Spirits Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses white spirits market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for white spirits ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The white spirits market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Low Aromatic White Spirits; Medium Aromatic White Spirits; High Aromatic White Spirits
• 2) By Flash Point: Low Flash Point; Regular Flash Point; High Flash Point
• 3) By Packaging Type: Drums; Cans; Bulk
• 4) By Application: Paint Thinner; Wood Preservatives; Lacquers; Varnish; Other Applications
• Subsegments:
• 1) By Low Aromatic White Spirits: Dearomatized White Spirits; Low-Odor White Spirits; Hydrotreated Low-Aromatic White Spirits
• 2) By Medium Aromatic White Spirits: Standard Mineral Spirits; Moderately Aromatic White Spirits; Blended Aliphatic-Aromatic White Spirits
• 3) By High Aromatic White Spirits: Aromatic-Rich White Spirits; High-Solvency White Spirits; Specialty Industrial Aromatic White Spirits
• Companies Mentioned: ExxonMobil Chemical Company; Shell Chemicals Limited; TotalEnergies SE; BP plc; Chevron Phillips Chemical Company; Sasol Limited; Reliance Industries Limited; Indian Oil Corporation Limited; Bharat Petroleum Corporation Limited; Hindustan Petroleum Corporation Limited; Neste Oyj; Idemitsu Kosan Co., Ltd.; SK Energy Co., Ltd.; GS Caltex Corporation; China Petroleum & Chemical Corporation (Sinopec); PetroChina Company Limited; Phillips 66 Company; Marathon Petroleum Corporation; Citgo Petroleum Corporation; Repsol S.A.; ENEOS Corporation; PTT Global Chemical Public Company Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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