Global White Spirits Market Size, Share & Trends Analysis Report By Grade (Low Flash Point, Regular Flash Point and High Flash Point), By Application, By Product Type (Type 1, Type 2, Type 3, and Type 0). By Regional Outlook and Forecast, 2023 - 2030

Global White Spirits Market Size, Share & Trends Analysis Report By Grade (Low Flash Point, Regular Flash Point and High Flash Point), By Application, By Product Type (Type 1, Type 2, Type 3, and Type 0). By Regional Outlook and Forecast, 2023 - 2030


The Global White Spirits Market size is expected to reach $11 billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 9000.7 Kilo Tonnes, experiencing a growth of 4.7% (2019-2022).

The automotive industry in Asia Pacific is experiencing rapid growth. White spirits are used in manufacturing automotive coatings, which are essential for protecting and enhancing the aesthetic appeal of vehicles. Consequently, the Asia Pacific region would generate USD 3,076.3 million in 2022. Also, Russia would utilize 132.3 kilo tonnes of high flash point white spirits by 2030. Additionally, the automotive industry in the Asia Pacific region is one of the largest consumers of white spirits, particularly for automotive coatings, paints, and cleaning products.

Rapid construction and infrastructure development have become defining features of the modern world, reshaping landscapes and urban environments on a global scale. Construction activity is experiencing significant growth on all continents due to urbanization, population expansion, and economic expansion. The primary outcome of this effort is the construction of vital infrastructure like roads, bridges, buildings, and utilities. Thus, as construction activity escalates, so does the need for white spirits to support these applications, driving the expansion of the market.

Additionally, Ongoing research and development efforts have led to the development of advanced white spirit formulations with improved performance characteristics, such as lower odor, faster drying times, and enhanced cleaning power. For instance, the introduction of nanotechnology has enabled the creation of nano-enhanced white spirits formulations. Hence, all these developments will further aid in the growth of the market.

However, the market encounters a formidable challenge in the form of substitution by alternative solvents and chemicals. Hydrocarbons, glycol ethers, and bio-based solvents are among the contenders that offer comparable properties and functionalities to white spirits. This competition stems from various factors, including cost-effectiveness, performance, and environmental considerations, all of which influence the attractiveness of substitutes over traditional white spirits. As a result, the availability of such substitutes poses a significant threat to the growth prospects of the market.

By Grade Analysis

On the basis of grade, the market is divided into low flash point, regular flash point, and high flash point. The low flash point segment acquired 48.8% revenue share in the market in 2022. Industries with strict safety regulations, such as the electronics, automotive, and aerospace sectors, often require solvents with low flash points to minimize fire hazards during manufacturing processes. Compliance with safety standards and regulations necessitates using solvents with lower flash points to reduce the risk of fire accidents and ensure workplace safety.

By Application Analysis

By application, the market is categorized into paint thinner, solvent extraction, cleaning solvent, degreasing solvent, and others. The degreasing solvent segment garnered a 10.4% growth rate in the market in 2022. In terms of volume, cleaning solvent consumed 1,342.9 kilo tonnes in 2022. White spirits are commonly used as base solvents in degreasing formulations due to their excellent solvency power and compatibility with various materials. Maintaining clean and degreased surfaces is crucial for quality control and maintenance in industrial settings. These advantages of white spirits will aid in the growth of the market.

By Product Type Analysis

Based on product type, the market is segmented into type 1, type 2, type 3, and type 0. The type 1 segment garnered 51.31% revenue share in the market in 2022. Type 1 white spirits consist primarily of aliphatic, cycloaliphatic, and a small proportion of aromatic hydrocarbons. They typically contain less than 25% aromatic compounds, distinguishing them from other types of white spirits with higher aromatic content. The demand for type 1 white spirits is closely linked to infrastructure development activities such as construction, renovation, and maintenance projects.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region acquired 23.3% revenue share in the market in 2022. White spirits play a vital role in various industrial manufacturing processes in North America, including metalworking, electronics, textiles, and chemicals. Industries rely on white spirits for cleaning, degreasing, and surface preparation, contributing to the overall demand for these solvents.

List of Key Companies Profiled
  • Idemitsu Kosan Co., Ltd.
  • Shell plc
  • Exxon Mobil Corporation
  • TotalEnergies SE
  • Thai Oil Public Company Limited (Petroleum Authority of Thailand (PTT))
  • Indian Oil Corporation Ltd.
  • Bharat Petroleum Corporation Limited
  • DHC Solvent Chemie GmbH (BP Europa SE)
  • Rahaoil, Inc.
  • Alshall International Co.
Global White Spirits Market Report Segmentation

By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Low Flash Point
  • Regular Flash Point
  • High Flash Point
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Paint Thinner
  • Solvent Extraction
  • Cleaning Solvent
  • Degreasing Solvent
  • Others
By Product Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Type 1
  • Type 2
  • Type 3
  • Type 0
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Netherlands
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Egypt
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global White Spirits Market, by Grade
1.4.2 Global White Spirits Market, by Application
1.4.3 Global White Spirits Market, by Product Type
1.4.4 Global White Spirits Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global White Spirits Market by Grade
4.1 Global Low Flash Point Market by Region
4.2 Global Regular Flash Point Market by Region
4.3 Global High Flash Point Market by Region
Chapter 5. Global White Spirits Market by Application
5.1 Global Paint Thinner Market by Region
5.2 Global Solvent Extraction Market by Region
5.3 Global Cleaning Solvent Market by Region
5.4 Global Degreasing Solvent Market by Region
5.5 Global Others Market by Region
Chapter 6. Global White Spirits Market by Product Type
6.1 Global Type 1 Market by Region
6.2 Global Type 2 Market by Region
6.3 Global Type 3 Market by Region
6.4 Global Type 0 Market by Region
Chapter 7. Global White Spirits Market by Region
7.1 North America White Spirits Market
7.1.1 North America White Spirits Market by Grade
7.1.1.1 North America Low Flash Point Market by Country
7.1.1.2 North America Regular Flash Point Market by Country
7.1.1.3 North America High Flash Point Market by Country
7.1.2 North America White Spirits Market by Application
7.1.2.1 North America Paint Thinner Market by Country
7.1.2.2 North America Solvent Extraction Market by Country
7.1.2.3 North America Cleaning Solvent Market by Country
7.1.2.4 North America Degreasing Solvent Market by Country
7.1.2.5 North America Others Market by Country
7.1.3 North America White Spirits Market by Product Type
7.1.3.1 North America Type 1 Market by Country
7.1.3.2 North America Type 2 Market by Country
7.1.3.3 North America Type 3 Market by Country
7.1.3.4 North America Type 0 Market by Country
7.1.4 North America White Spirits Market by Country
7.1.4.1 US White Spirits Market
7.1.4.1.1 US White Spirits Market by Grade
7.1.4.1.2 US White Spirits Market by Application
7.1.4.1.3 US White Spirits Market by Product Type
7.1.4.2 Canada White Spirits Market
7.1.4.2.1 Canada White Spirits Market by Grade
7.1.4.2.2 Canada White Spirits Market by Application
7.1.4.2.3 Canada White Spirits Market by Product Type
7.1.4.3 Mexico White Spirits Market
7.1.4.3.1 Mexico White Spirits Market by Grade
7.1.4.3.2 Mexico White Spirits Market by Application
7.1.4.3.3 Mexico White Spirits Market by Product Type
7.1.4.4 Rest of North America White Spirits Market
7.1.4.4.1 Rest of North America White Spirits Market by Grade
7.1.4.4.2 Rest of North America White Spirits Market by Application
7.1.4.4.3 Rest of North America White Spirits Market by Product Type
7.2 Europe White Spirits Market
7.2.1 Europe White Spirits Market by Grade
7.2.1.1 Europe Low Flash Point Market by Country
7.2.1.2 Europe Regular Flash Point Market by Country
7.2.1.3 Europe High Flash Point Market by Country
7.2.2 Europe White Spirits Market by Application
7.2.2.1 Europe Paint Thinner Market by Country
7.2.2.2 Europe Solvent Extraction Market by Country
7.2.2.3 Europe Cleaning Solvent Market by Country
7.2.2.4 Europe Degreasing Solvent Market by Country
7.2.2.5 Europe Others Market by Country
7.2.3 Europe White Spirits Market by Product Type
7.2.3.1 Europe Type 1 Market by Country
7.2.3.2 Europe Type 2 Market by Country
7.2.3.3 Europe Type 3 Market by Country
7.2.3.4 Europe Type 0 Market by Country
7.2.4 Europe White Spirits Market by Country
7.2.4.1 Germany White Spirits Market
7.2.4.1.1 Germany White Spirits Market by Grade
7.2.4.1.2 Germany White Spirits Market by Application
7.2.4.1.3 Germany White Spirits Market by Product Type
7.2.4.2 UK White Spirits Market
7.2.4.2.1 UK White Spirits Market by Grade
7.2.4.2.2 UK White Spirits Market by Application
7.2.4.2.3 UK White Spirits Market by Product Type
7.2.4.3 France White Spirits Market
7.2.4.3.1 France White Spirits Market by Grade
7.2.4.3.2 France White Spirits Market by Application
7.2.4.3.3 France White Spirits Market by Product Type
7.2.4.4 Russia White Spirits Market
7.2.4.4.1 Russia White Spirits Market by Grade
7.2.4.4.2 Russia White Spirits Market by Application
7.2.4.4.3 Russia White Spirits Market by Product Type
7.2.4.5 Netherlands White Spirits Market
7.2.4.5.1 Netherlands White Spirits Market by Grade
7.2.4.5.2 Netherlands White Spirits Market by Application
7.2.4.5.3 Netherlands White Spirits Market by Product Type
7.2.4.6 Italy White Spirits Market
7.2.4.6.1 Italy White Spirits Market by Grade
7.2.4.6.2 Italy White Spirits Market by Application
7.2.4.6.3 Italy White Spirits Market by Product Type
7.2.4.7 Rest of Europe White Spirits Market
7.2.4.7.1 Rest of Europe White Spirits Market by Grade
7.2.4.7.2 Rest of Europe White Spirits Market by Application
7.2.4.7.3 Rest of Europe White Spirits Market by Product Type
7.3 Asia Pacific White Spirits Market
7.3.1 Asia Pacific White Spirits Market by Grade
7.3.1.1 Asia Pacific Low Flash Point Market by Country
7.3.1.2 Asia Pacific Regular Flash Point Market by Country
7.3.1.3 Asia Pacific High Flash Point Market by Country
7.3.2 Asia Pacific White Spirits Market by Application
7.3.2.1 Asia Pacific Paint Thinner Market by Country
7.3.2.2 Asia Pacific Solvent Extraction Market by Country
7.3.2.3 Asia Pacific Cleaning Solvent Market by Country
7.3.2.4 Asia Pacific Degreasing Solvent Market by Country
7.3.2.5 Asia Pacific Others Market by Country
7.3.3 Asia Pacific White Spirits Market by Product Type
7.3.3.1 Asia Pacific Type 1 Market by Country
7.3.3.2 Asia Pacific Type 2 Market by Country
7.3.3.3 Asia Pacific Type 3 Market by Country
7.3.3.4 Asia Pacific Type 0 Market by Country
7.3.4 Asia Pacific White Spirits Market by Country
7.3.4.1 China White Spirits Market
7.3.4.1.1 China White Spirits Market by Grade
7.3.4.1.2 China White Spirits Market by Application
7.3.4.1.3 China White Spirits Market by Product Type
7.3.4.2 Japan White Spirits Market
7.3.4.2.1 Japan White Spirits Market by Grade
7.3.4.2.2 Japan White Spirits Market by Application
7.3.4.2.3 Japan White Spirits Market by Product Type
7.3.4.3 India White Spirits Market
7.3.4.3.1 India White Spirits Market by Grade
7.3.4.3.2 India White Spirits Market by Application
7.3.4.3.3 India White Spirits Market by Product Type
7.3.4.4 South Korea White Spirits Market
7.3.4.4.1 South Korea White Spirits Market by Grade
7.3.4.4.2 South Korea White Spirits Market by Application
7.3.4.4.3 South Korea White Spirits Market by Product Type
7.3.4.5 Australia White Spirits Market
7.3.4.5.1 Australia White Spirits Market by Grade
7.3.4.5.2 Australia White Spirits Market by Application
7.3.4.5.3 Australia White Spirits Market by Product Type
7.3.4.6 Malaysia White Spirits Market
7.3.4.6.1 Malaysia White Spirits Market by Grade
7.3.4.6.2 Malaysia White Spirits Market by Application
7.3.4.6.3 Malaysia White Spirits Market by Product Type
7.3.4.7 Rest of Asia Pacific White Spirits Market
7.3.4.7.1 Rest of Asia Pacific White Spirits Market by Grade
7.3.4.7.2 Rest of Asia Pacific White Spirits Market by Application
7.3.4.7.3 Rest of Asia Pacific White Spirits Market by Product Type
7.4 LAMEA White Spirits Market
7.4.1 LAMEA White Spirits Market by Grade
7.4.1.1 LAMEA Low Flash Point Market by Country
7.4.1.2 LAMEA Regular Flash Point Market by Country
7.4.1.3 LAMEA High Flash Point Market by Country
7.4.2 LAMEA White Spirits Market by Application
7.4.2.1 LAMEA Paint Thinner Market by Country
7.4.2.2 LAMEA Solvent Extraction Market by Country
7.4.2.3 LAMEA Cleaning Solvent Market by Country
7.4.2.4 LAMEA Degreasing Solvent Market by Country
7.4.2.5 LAMEA Others Market by Country
7.4.3 LAMEA White Spirits Market by Product Type
7.4.3.1 LAMEA Type 1 Market by Country
7.4.3.2 LAMEA Type 2 Market by Country
7.4.3.3 LAMEA Type 3 Market by Country
7.4.3.4 LAMEA Type 0 Market by Country
7.4.4 LAMEA White Spirits Market by Country
7.4.4.1 Brazil White Spirits Market
7.4.4.1.1 Brazil White Spirits Market by Grade
7.4.4.1.2 Brazil White Spirits Market by Application
7.4.4.1.3 Brazil White Spirits Market by Product Type
7.4.4.2 Argentina White Spirits Market
7.4.4.2.1 Argentina White Spirits Market by Grade
7.4.4.2.2 Argentina White Spirits Market by Application
7.4.4.2.3 Argentina White Spirits Market by Product Type
7.4.4.3 UAE White Spirits Market
7.4.4.3.1 UAE White Spirits Market by Grade
7.4.4.3.2 UAE White Spirits Market by Application
7.4.4.3.3 UAE White Spirits Market by Product Type
7.4.4.4 Egypt White Spirits Market
7.4.4.4.1 Egypt White Spirits Market by Grade
7.4.4.4.2 Egypt White Spirits Market by Application
7.4.4.4.3 Egypt White Spirits Market by Product Type
7.4.4.5 South Africa White Spirits Market
7.4.4.5.1 South Africa White Spirits Market by Grade
7.4.4.5.2 South Africa White Spirits Market by Application
7.4.4.5.3 South Africa White Spirits Market by Product Type
7.4.4.6 Nigeria White Spirits Market
7.4.4.6.1 Nigeria White Spirits Market by Grade
7.4.4.6.2 Nigeria White Spirits Market by Application
7.4.4.6.3 Nigeria White Spirits Market by Product Type
7.4.4.7 Rest of LAMEA White Spirits Market
7.4.4.7.1 Rest of LAMEA White Spirits Market by Grade
7.4.4.7.2 Rest of LAMEA White Spirits Market by Application
7.4.4.7.3 Rest of LAMEA White Spirits Market by Product Type
Chapter 8. Company Profiles
8.1 Idemitsu Kosan Co., Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Shell plc
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 Exxon Mobil Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 SWOT Analysis
8.4 TotalEnergies SE
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Thai Oil Public Company Limited (Petroleum Authority of Thailand (PTT))
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 SWOT Analysis
8.6 Indian Oil Corporation Ltd.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 Bharat Petroleum Corporation Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 SWOT Analysis
8.8 DHC Solvent Chemie GmbH (BP Europa SE)
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Rahaoil, Inc.
8.9.1 Company Overview
8.10. Alshall International Co.
8.10.1 Company Overview
Chapter 9. Winning Imperatives of White Spirits Market

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