Sale

White Spirit Market

Global White Spirit Market Size, Share, Trends, Forecast: By Type: Type 0, Type 1, Type 2, Type 3; By Grade: Low Flash Point, Medium Flash Point, High Flash Point; By Application: Paints Thinner, Cleaning, Degreasing, Fuel, Disinfectant, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global White Spirit Market Outlook

The global white spirit market reached a value of about USD 7.26 billion in 2023. The industry is further expected to grow at a CAGR of about 5.4% in the forecast period of 2024-2032 to reach a value of around USD 11.63 billion by 2032.    

 

White Spirit Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The Asia Pacific to Provide Significant Growth Opportunities to the Global White Spirit Market

The Asia Pacific is one of the leading regions for the industry, with the industry projected to witness a significant growth rate in the region in the coming years. Population growth, rapid urbanisation, and growing disposable incomes are expected to play a significant role in driving the industry growth in the coming years, particularly in countries like China, India, and Thailand. In these countries, the increasing infrastructural developments and rising construction activities are expected to bolster the demand for white spirit. European countries like Germany and the United Kingdom also contribute to the significant global demand for white spirit, with the demand mostly stemming from the paints and coatings industry in these countries.

 

White Spirit Market by Grade

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

White Spirit: Market Segmentation

White spirit, also variously known as mineral turpentine, turpentine substitute, or mineral spirits, is a clear liquid derived from petroleum, which finds extensive use as a solvent in painting. It is, thus, widely used in the automotive, paints and coatings, manufacturing, design, and building and construction sectors. It could be used as a solvent cleaner, extractive resolver, degreasing solvent, aerosol solvent, lacquer, and wood preservation agent, among others, due to its high solubility.

Based on type, the industry can be divided into the following:

  • Type 0 
  • Type 1
  • Type 2
  • Type 3

The grades of the product can be divided into:

  • Low Flash Point 
  • Medium Flash Point 
  • High Flash Point

White spirit finds applications in the following segments:

  • Paints Thinner
  • Cleaning
  • Degreasing 
  • Fuel
  • Disinfectant
  • Others

The regional markets for white spirit can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

White Spirit Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Paints and Coatings Industry Bolstering the White Spirit Market Growth

The booming paints and coatings sector, as well as the increasing demand for cleaning and degreasing solvents, mainly stimulate the development of the global market for white spirits. The rising activities in the construction sector and the growing automobile industry have propelled the demand for a synthetic paint thinner in emerging regions. This has also increased the demand for white spirits. In addition, the global white spirits market is expected to be driven by factors, such as the growing demand for oil exploration, shift in demography, and better global economic conditions. In addition, the rising customer inclinations toward low aromatic white spirits could, in the near future, generate high growth prospects for the white spirit industry globally.

 

Key Industry Players in the Global White Spirit Market

The report gives a detailed analysis of the following key players in the global white spirit market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ExxonMobil Corporation 
  • Total S.A. 
  • Royal Dutch Shell Plc 
  • Neste Oyj
  • GSB Chemicals 
  • CEPSA Química, S.A. 
  • Haltermann Carless 
  • DHC Solvent Chemie GmbH 
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Grade
  • Application
  • Region
Breakup by Type
  • Type 0
  • Type 1
  • Type 2
  • Type 3
Breakup by Grade
  • Low Flash Point
  • Medium Flash Point
  • High Flash Point
Breakup by Application
  • Paints Thinner
  • Cleaning
  • Degreasing
  • Fuel
  • Disinfectant
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ExxonMobil Corporation
  • Total S.A.
  • Royal Dutch Shell Plc
  • Neste Oyj
  • GSB Chemicals
  • CEPSA Química, S.A.
  • Haltermann Carless
  • DHC Solvent Chemie GmbH
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global White Spirit Market Analysis

    8.1    Key Industry Highlights
    8.2    Global White Spirit Historical Market (2018-2023) 
    8.3    Global White Spirit Market Forecast (2024-2032)
    8.4    Global White Spirit Market by Type
        8.4.1    Type 0
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Type 1
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Type 2
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Type 3
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
    8.5    Global White Spirit Market by Grade
        8.5.1    Low Flash Point
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Medium Flash Point
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    High Flash Point
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global White Spirit Market by Application
        8.6.1    Paints Thinner
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Cleaning
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Degreasing
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Fuel
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Disinfectant
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others   
    8.7    Global White Spirit Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America White Spirit Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe White Spirit Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific  White Spirit Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America White Spirit Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa White Spirit Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value  Chain Analysis
16    Trade Analysis (HS Code - 271015)

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18    Manufacturing Process
    18.1    Overview
    18.2    Detailed Process Flow
    18.3    Operation Involved
19    Competitive Landscape
    19.1    Market Structure
    19.2    Company Profiles
        19.2.1    ExxonMobil Corporation
            19.2.1.1    Company Overview
            19.2.1.2    Product Portfolio
            19.2.1.3    Demographic Reach and Achievements
            19.2.1.4    Certifications
        19.2.2    Total S.A.
            19.2.2.1    Company Overview
            19.2.2.2    Product Portfolio
            19.2.2.3    Demographic Reach and Achievements
            19.2.2.4    Certifications
        19.2.3    Royal Dutch Shell Plc
            19.2.3.1    Company Overview
            19.2.3.2    Product Portfolio
            19.2.3.3    Demographic Reach and Achievements
            19.2.3.4    Certifications
        19.2.4    Neste Oyj
            19.2.4.1    Company Overview
            19.2.4.2    Product Portfolio
            19.2.4.3    Demographic Reach and Achievements
            19.2.4.4    Certifications
        19.2.5    GSB Chemicals
            19.2.5.1    Company Overview
            19.2.5.2    Product Portfolio
            19.2.5.3    Demographic Reach and Achievements
            19.2.5.4    Certifications
        19.2.6    CEPSA Química, S.A.
            19.2.6.1    Company Overview
            19.2.6.2    Product Portfolio
            19.2.6.3    Demographic Reach and Achievements
            19.2.6.4    Certifications
        19.2.7    Haltermann Carless
            19.2.7.1    Company Overview
            19.2.7.2    Product Portfolio
            19.2.7.3    Demographic Reach and Achievements
            19.2.7.4    Certifications
        19.2.8    DHC Solvent Chemie GmbH
            19.2.8.1    Company Overview
            19.2.8.2    Product Portfolio
            19.2.8.3    Demographic Reach and Achievements
            19.2.8.4    Certifications
        19.2.9    Others
20    Key Trends  and Developments in the Market

 

Additional Customisations Available

1.    Project Requirements and Cost Analysis
    1.1    Land, Location, and Site Development
    1.2    Construction
    1.3    Plant Machinery
    1.4    Cost of Raw Material
    1.5    Packaging
    1.6    Transportation
    1.7    Utilities
    1.8    Manpower
    1.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global White Spirit Market: Key Industry Highlights, 2018 and 2032
2.    Global White Spirit Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global White Spirit Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global White Spirit Historical Market: Breakup by Grade (USD Billion), 2018-2023
5.    Global White Spirit Market Forecast: Breakup by Grade (USD Billion), 2024-2032
6.    Global White Spirit Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global White Spirit Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global White Spirit Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global White Spirit Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America White Spirit Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America White Spirit Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe White Spirit Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe White Spirit Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific White Spirit Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific White Spirit Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America White Spirit Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America White Spirit Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa White Spirit Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa White Spirit Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Major Importing Countries by Volume 
21.    Major Exporting Countries by Volume 
22.    Major Importing Countries by Value 
23.    Major Exporting Countries by Value 
24.    North America Historical Price Trends and Forecast 2018-2032
25.    Europe Historical Price Trends and Forecast 2018-2032
26.    Asia Pacific Historical Price Trends and Forecast 2018-2032
27.    Latin America Historical Price Trends and Forecast 2018-2032
28.    Middle East and Africa Historical Price Trends and Forecast 2018-2032
29.    Global White Spirit Market Structure

Key Questions Answered in the Report

In 2023, the global white spirit market attained a value of nearly USD 7.26 billion.

The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 11.63 billion by 2032.   

The major drivers of the industry, such as rising disposable incomes, rapid urbanisation, growing population, rising demand for cleaning and degreasing solvents, increasing construction activities, and rising demand from the automobile industry, are expected to aid the market growth.

The key trends guiding the growth of the market include the rising oil exploration and growing customer inclinations toward low aromatic white spirits.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading types of white spirit in the industry are type 0, type 1, type 2, and type 3.

The major grades of the products in the market are low flash point, medium flash point, and high flash point.

The significant application segments in the industry are paints thinner, cleaning, degreasing, fuel, and disinfectant, among others.

The major players in the industry are ExxonMobil Corporation, Total S.A., Royal Dutch Shell Plc, Neste Oyj, GSB Chemicals, CEPSA Química, S.A., Haltermann Carless, and DHC Solvent Chemie GmbH, among others.

Analyst Review

The global white spirit market attained a value of USD 7.26 billion in 2023, driven by rising demand from the paints and coatings industry. Aided by the growing construction activities, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.4%. The white spirit market is projected to reach USD 11.63 billion by 2032.    

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is segmented into type 0, type 1, type 2, and type 3. Based on grade, the industry is divided into low flash point, medium flash point, and high flash point. On the basis of application, the market is categorised into paints thinner, cleaning, degreasing, fuel, and disinfectant, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ExxonMobil Corporation, Total S.A., Royal Dutch Shell Plc, Neste Oyj, GSB Chemicals, CEPSA Química, S.A., Haltermann Carless, and DHC Solvent Chemie GmbH, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER