White Spirit Market

White Spirit Market Outlook (2024 to 2034)

According to a new industry report released by Fact.MR, revenue from the global white spirit market is estimated at US$ 7.56 billion in 2024 and has been forecasted to increase at a CAGR of 4.2% to climb to US$ 11.4 billion by the end of 2034.

The white spirit market size is expanding steadily due to the continuous expansion of important end-use industries such as industrial cleaning, paints & coatings, automobiles, and others. Growing construction and infrastructural activities in various countries are boosting the need for paints and coatings, with white spirit as a solvent. Other than this the expansion of the automobile industry, especially in countries such as Japan, the United States, South Korea, and others, is driving the requirement for white spirit in applications involving cleaning and degreasing.

White spirit works well as a solvent in industrial settings to clean machinery and equipment to get rid of oils, grease, and other impurities. It is widely used in industries including manufacturing and oil and gas, where recurring cleaning and maintenance are necessary to guarantee equipment maintenance and minimize malfunctions. White spirit is extensively used in industrial cleaning and maintenance procedures due to the constant need for routine maintenance in these sectors.

Key Market Growth Drivers

• A key factor driving overall white spirit market growth is its increasing utilization in the paints and coatings industry. White spirit is more in demand because of the rising number of construction and infrastructural projects in several countries where paints and coatings are widely required.
• Use of white spirit is increasing in the automotive industry to clean and degrease car parts.
• Because white spirit dissolves oils and greases well, it is becoming a common product in household cleaning solutions.
• White spirit is widely used to clean machines and other equipment in industrial settings.
• Requirement for white spirit is continuously rising for cleaning and maintenance purposes in various industries such as manufacturing, automotive, oil & gas, and others.
• White spirit is a solvent used by the chemical industry to produce different chemical compositions. The market for white spirit is benefiting from the expansion of the chemical industry and rising chemical manufacturing activities.
• A key white spirit market trend is increasing advancements in formulations to improve performance and lessen environmental effects.
• White spirit variants that are low-odor and environment-friendly are gaining popularity across the world because of the increasingly strict regulations in several countries.
• Continuously growing construction sector in several countries due to growing real-estate and infrastructural projects is boosting the demand for white spirit for application in cleaning and paint thinning.

Report Attribute	Detail
White Spirit Market Size (2024E)	US$ 7.56 Billion
Forecasted Market Value (2034F)	US$ 11.4 Billion
Global Market Growth Rate (2024 to 2034)	4.2% CAGR
East Asia Market Share (2024E)	36.5%
North America Market Value (2024E)	US$ 2.16 Billion
Type 2 Segment Value (2034F)	US$ 2.71 Billion
Key Companies Profiled	Bharat Petroleum Corporation Limited; Royal Dutch Shell; Indian Oil Corporation Limited; ThaiOil Company; Idemitsu Kosan Co. Ltd.; ExxonMobile Corporation; Neste; DHC Solvent Chemie GmbH; GSB Chemical Co. Pty. Ltd.; Haltermann Carless Deutschlan GmbH; Rahaoil Inc.,; Alshall Internation Co.

Why is Global White Spirit Consumption Increasing Steadily?

“Growing Construction and Infrastructural Developments in Several Countries”

White spirit is a solvent that is widely used in the paint & coating industry because it works well for thinning paint and cleaning equipment. Growing construction and infrastructural development projects in various countries are boosting the need for paints and coating which is further contributing to white spirit sales growth. White spirit is well-known for its ability to dissolve greases and oils, because of this it is increasingly seen in household cleaning products. It is gaining popularity as a cleaning solution as can remove grime, residues, and stubborn stains with ease.

Other than this, white spirit use is increasing in the automotive industry because of its usefulness and effectiveness in cleaning oil, grease, and contaminants from car surfaces. White spirit is used to clean mechanical parts, engines, and the outside of cars. It also dissolves stubborn dirt.

Which Factor is Creating Problems for White Spirit Producers?

“Fierce Competition with Other Alternative Cleaning Agents and Solvents”

The market for white spirits is being hampered by the fierce competition from other alternative solvents and cleaning agents such as water-based solutions and low- or non-VOC products. Demand for them is increasing due to their advantages for the environment and human health such as lower emissions and decreased toxicity. Environmentally friendly and less hazardous products are becoming more preferred because increasingly strict regulations in various countries and industries favor of safer and more sustainable solutions. The growing popularity of other alternative solutions is hampering the sales growth of white spirits.

Country-wise Insights

East Asia is poised to hold a leading position with 36.5% of the global white spirit market share in 2024. Large manufacturing capacity and ongoing infrastructural activities in countries such as China, Japan, and South Korea are driving the market expansion in the country. The North American region is projected to account for 28.6% of worldwide market share in 2024. Demand for white spirit increasing in North America due to its well-established automotive and industrial sectors.

Why is Need for White Spirit Increasing in the Automotive Industry in the United States?

"Use of White Spirit to Effectively Clean Automotive Parts"

Attribute	United States
Market Value (2024E)	US$ 1.63 Billion
Growth Rate (2024 to 2034)	4.3% CAGR
Projected Value (2034F)	US$ 2.49 Billion

The United States automotive industry is playing a significant role in pushing the demand for white spirit as these chemicals are an integral part and are employed in cleaning and degreasing the various automotive parts. Automotive manufacturers use these spirits to remove grease, oil, and other unwanted particles from car components to make sure they meet strict quality and working standards.

This solvent is also proving to be very effective in the maintenance and repair sectors, where again they help in cleaning parts to ensure smooth operations and prevent malfunction during any operational activities. As the automotive market reaches new heights, the requirement for white spirit is poised to increase for steady production and repair activities.

What is the Demand Outlook for White Spirit in Japan?

"Established Electronic Industry Using White Spirit for Electronic Parts"

Attribute	Japan
Market Value (2024E)	US$ 734.9 Million
Growth Rate (2024 to 2034)	5.4% CAGR
Projected Value (2034F)	US$ 1.24 Billion

Japan is known for its electronic industry prominence around the world with key players such as Samsung and Hitachi, these companies indulge in the production of electronic items including mobile phones and televisions. This has given a decent boost to the sales of white spirit as it is proven to be very effective in disinfecting the parts without any short circuits or other defects. Electronic parts require a very careful cleaning as one mistake can lead to a total failure, as a result, manufacturers are trusting white spirit compared to other chemicals available in the market. Added to this their easy availability of them is also a key factor in propelling the demand for white spirits around the country.

Category-wise Insights

Based on grade, the market is segmented into low flash point, regular flash point, and high flash point. Compared to other grades, low flash point white spirit is in high demand because of its improved performance and safety properties. White spirit with a low flash point is appropriate for uses that require safer handling and a lesser danger of fire because of its lower temperature of ignition.

Why is Demand for Type 2 White Spirit Higher Compared to Other Products?

“Low Evaporation Rate and Excellent Drying Time”

Attribute	Type 2
Segment Value (2024E)	US$ 2.39 Billion
Growth Rate (2024 to 2034)	4.5% CAGR
Projected Value (2034F)	US$ 3.71 Billion

A mixture of hydrocarbons, type 2 white spirit, also referred to as solvent extracted, is produced as a raffinate during the solvent extraction procedure. Demand for type 2 is high compared to other white spirit products due to its rising use in paint & coating, adhesives, cleaning chemicals, and others. Because of its low evaporation rate, resulting in the best drying times for various paints & coatings, it is favored by both the consumer and industrial sectors.

In addition to having strong solvency power, Type 2 white spirit can dissolve oils, greases, and resins, an important ability for cleaning and degreasing applications. Another significant aspect contributing to the increasing demand for type 2 white spirits is the rising consumption of these compounds in several end-use industries such as chemicals, composites, automotive, and construction.

Why is Application of White Spirit Growing in Paint Thinners?

“Facilitates Better Flow, Consistency, and Application of Paint”

White spirit is widely used in paint thinner because of how well it works to change the consistency, flow, and application of paint. White spirit is an extremely adaptable solvent that aids in decreasing paint viscosity, which facilitates the application and equal distribution of paint on surfaces. Better coverage and a smoother finish are the outcomes of this. Furthermore, white spirit evaporates quickly, which aids in boosting paint drying times.

Another reason behind the growing use of white spirit in paint thinner is the growing demand for professional-grade finishes in both residential and commercial painting projects.

Competitive Landscape

To meet the growing demand for products that are safe for the environment, key players in the white spirit market are focusing on creating new formulations, such as versions that are eco-friendly and low in volatile organic compounds (VOCs).

• In July 2022, ExxonMobil presented its corporate plan spanning five years. A large portion of the increased funding will go into reducing emissions and acquiring lower-emission initiatives, such as its Low Carbon Solutions company. The business plan calls for raising lower-emissions investments to about US$ 17 billion by 2027 while keeping annual capital expenditures at US$ 20 to 25 billion.

Fact.MR provides detailed information about the price points of key manufacturers of white spirits positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of White Spirit Market Research

• By Type :

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

• By Grade :

  • Low Flash Point
  • Regular Flash Point
  • High Flash Point

• By Application :

  • Paint Thinners
  • Solvent Extraction
  • Cleaning Solvents
  • Degreasing Solvents

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa