White Spirit

White Spirit

Global White Spirit Market to Reach US$84.1 Billion by 2030

The global market for White Spirit estimated at US$63.8 Billion in the year 2023, is expected to reach US$84.1 Billion by 2030, growing at a CAGR of 4.0% over the analysis period 2023-2030. Vodka, one of the segments analyzed in the report, is expected to record a 3.9% CAGR and reach US$49.9 Billion by the end of the analysis period. Growth in the Gin segment is estimated at 4.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$16.9 Billion While China is Forecast to Grow at 6.4% CAGR

The White Spirit market in the U.S. is estimated at US$16.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.9 Billion by the year 2030 trailing a CAGR of 6.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Global White Spirit Market - Key Drivers and Trends Summarized

White spirit, also known as mineral spirits or mineral turpentine, is a clear, volatile liquid commonly used as a solvent in the paint and coatings industry. It is derived from petroleum and primarily consists of aliphatic, alicyclic, and aromatic hydrocarbons. White spirit is known for its effectiveness in thinning oil-based paints and varnishes, cleaning paint brushes, and degreasing metal parts. Its versatility and efficacy make it an essential solvent in various industrial and household applications.

One of the primary drivers is the expanding construction and automotive industries, which significantly increase the demand for paints, coatings, and degreasing agents. As these sectors grow, the need for effective solvents such as white spirit rises correspondingly. Additionally, the ongoing industrialization in emerging economies is boosting the consumption of white spirit for various applications, from paint thinning to cleaning and maintenance processes. Another critical growth driver is the increasing trend towards renovation and maintenance activities in the residential sector, which propels the demand for paint thinners and cleaners, further supporting the white spirit market.

Several trends are shaping the white spirit market. A notable trend is the shift towards environmentally friendly and low-volatile organic compound (VOC) solvents due to stringent environmental regulations and increasing consumer awareness. The trend is driving manufacturers to innovate and produce white spirit variants with reduced environmental impact. Another trend is the adoption of advanced refining processes to enhance the purity and performance of white spirit, meeting the high standards required in specialized applications such as pharmaceuticals and food-grade products. Process intensification and digitalization are further enhancing production capabilities, positioning manufacturers to thrive in a rapidly changing industry landscape.  Additionally, the market is witnessing increased demand for high-flash-point white spirits, which offer safer handling and storage options, especially in industrial settings. One of the key innovations in white spirit production is the enhancement of traditional distillation processes. Advanced distillation techniques, such as reactive distillation, extractive distillation, and hybrid distillation systems, have significantly improved the yield, purity, and energy efficiency of white spirit production. These methods enable better separation of hydrocarbon fractions, thereby reducing energy consumption and increasing overall process efficiency. The adoption of these advanced techniques not only optimizes production but also aligns with sustainability goals by minimizing the environmental footprint of the distillation process.

Select Competitors (Total 34 Featured) -

• AL Sanea Chemical Products
• AL-Oga Factory for Manufacturing White Spirit
• Banner Chemicals Limited (Distributer)
• Bharat Petroleum Corporation Limited (BPCL)
• Brenntag AG (Distributer)
• DHC Solvent Chemie GmbH
• Eagle Petroleum
• Exxonmobil Corporation
• Gulf Factory for White Solvent
• Haltermann Carless Deutschland GmbH

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