White Spirits Market, By Material, By Flash Point, By Application, By Geography

Description

Global White Spirits Market is estimated to be valued at USD 6.83 Bn in 2025 and is expected to reach USD 9.18 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 6.83 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	4.30%	2032 Value Projection:	USD 9.18 Bn

Figure. White Spirits Market Share (%), By Region 2025

White spirits, also known as mineral spirits, are clear, volatile hydrocarbon liquids that are derived from petroleum distillation. These are refined to remove polar compounds and are composed of aliphatic, alicyclic and aromatic hydrocarbons in the C7-C12 range. White spirits have a wide range of applications as solvents and thinners for paints, varnishes and other surface coatings. These have low toxicity and are widely used for industrial cleaning and degreasing.

Market Dynamics-

Global white spirits market growth is driven by factors such as growing construction industry and increasing demand for paints and coatings. White spirits serve as an important solvent/diluent as well as cleaner for various surface coatings. Flourishing infrastructure development and rising residential and commercial construction activities have boosted the consumption of paints and coatings globally. Moreover, stable raw material supply and availability of high-purity white spirit grades have augmented their use in different end-use industries. However, strict environmental regulations regarding Volatile organic compounds VOC emissions and rising popularity of bio-based and water-based solvents can pose challenges to market players.

Key features of the study-

This report provides in-depth analysis of the global white spirits market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global white spirits market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include ExxonMobil Corporation, Royal Dutch Shell Plc, Total S.A., Idemitsu Kosan Co., Ltd., Compania Espanola de Petroleos, S.A.U. (CEPSA), Neste Oyj, Haltermann Carless Deutschland GmbH, DHC Solvent Chemie GmbH, Al Sanea Chemical Products, and GSB Chemical Co. Pty. Ltd.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.

Global white spirits market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global white spirits market

Market Segmentation

By Material Insights (Revenue, USD, 2019 - 2032)
- Type 0
- Type 1
- Type 2
- Type 3
By Flash Point Insights (Revenue, USD, 2019 - 2032)
- Low Flash Point
- Medium Flash Point
- High Flash Point
By Application Insights (Revenue, USD, 2019 - 2032)
- Paint Thinner
- Cleansing Agent
- Degreasing Agent
- Fuel
- Disinfectant
- Other
By Regional Insights (Revenue, USD, 2019 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- ExxonMobil Corporation
- Royal Dutch Shell Plc
- Total S.A.
- Idemitsu Kosan Co., Ltd.
- Compania Espanola de Petroleos, S.A.U. (CEPSA)
- Neste Oyj
- Haltermann Carless Deutschland GmbH
- DHC Solvent Chemie GmbH
- Al Sanea Chemical Products
- GSB Chemical Co. Pty. Ltd.

Product Code: CMI3273

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Material
- Market Snippet, By Flash Point
- Market Snippet, By Application
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global White Spirits Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global White Spirits Market - COVID-19
Impact Analysis

5. Global White Spirits Market, By Material, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Type 0
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Type 1
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Type 2
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Type 3
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends

6. Global White Spirits Market, By Flash Point, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Low Flash Point
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Medium Flash Point
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
High Flash Point
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends

7. Global White Spirits Market, By Application, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Paint Thinner
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Cleansing Agent
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Degreasing Agent
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Fuel
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Disinfectant
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Other
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends

8. Global White Spirits Market, By Region, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Country, 2021 - 2032
- Market Size and Forecast, By Material, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Flash Point, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Country, 2021 - 2032
- Market Size and Forecast, By Material, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Flash Point, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Country, 2021 - 2032
- Market Size and Forecast, By Material, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Flash Point, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Country, 2021 - 2032
- Market Size and Forecast, By Material, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Flash Point, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Country, 2021 - 2032
- Market Size and Forecast, By Material, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Flash Point, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Country, 2021 - 2032
- Market Size and Forecast, By Material, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Flash Point, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
- Market Size and Forecast, By Country/Region, 2020- 2032, (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- ExxonMobil Corporation
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Royal Dutch Shell Plc
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Total S.A.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Idemitsu Kosan Co., Ltd.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Compania Espanola de Petroleos, S.A.U. (CEPSA)
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Neste Oyj
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Haltermann Carless Deutschland GmbH
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- DHC Solvent Chemie GmbH
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Al Sanea Chemical Products
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- GSB Chemical Co. Pty. Ltd.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact