White Spirit Market - Trends Forecast Till 2028

White Spirit Market is segmented by Grade (Low-flash Grade, Regular-flash Grade, and High-flash Grade), Application (Paint Thinner, Cleansing Agent, Degreasing Agent, Fuel, Disinfectant, and Other Applications), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-CM-WSM-1004


Number of Pages: 423

Domain: Chemicals & Materials

White Spirit Market – Trends Forecast Till 2028

The white spirit market is expected to register a CAGR of over 5.8% during the forecast period (2021-2028).

White spirit is a petroleum-derived clear, transparent liquid that is used as a common organic solvent in painting and other applications.

Expansion of the paints & coatings industry and rise in demand for cleaning and degreasing solvents are some of the factors that have supported long-term expansion for White Spirit Market.

The market was negatively impacted due to COVID-19 in 2020. Owing to the pandemic scenario, several countries around the world went into lockdown to curb the spreading of the virus. This negatively affected the demand of white spirit from various applications such as paint thinner, fuel, degreasing agent, and others.

White Spirit Market Growth Analysis

Asia Pacific is expected to be a rapidly growing region of the global white spirits market in the near future. Growth in infrastructure development in countries in the region is likely to drive the white spirits market in Asia Pacific.

White Spirit Market is segmented into grade, application and region.

On the basis of Grade

  • Low-flash grade
  • Regular-flash grade
  • High-flash grade

On the basis of Application  

  • Paint thinner
  • Cleansing agent
  • Degreasing agent
  • Fuel
  • Disinfectant

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

White Spirit Market Primary Respondent


Key Players

  • Neste
  • Exxon Mobil Corporation
  • Royal Dutch Shell PLC
  • DHC Solvent Chemie GmbH
  • Total SA
  • ThaiOil Group
  • Idemitsu Kosan Co., LTD
  • Türkiye Petrol Rafinerileri A.S.
  • Bharat Petroleum Corporation Limited (BPCL)
  • Indian Oil Corporation Limited (IOCL)
  • Eagle Petroleum
  • K H Chemicals
  • Pon Pure Chemicals Group
  • Haltermann Carless Deutschland GmbH

Recent Developments

  • September 20,2021-ExxonMobil Lubricants Pvt Ltd, a wholly-owned affiliate of ExxonMobil Corporation, on Monday announced the launch of Mobil SuperTM All-in-One Protection SUV Pro synthetic engine oil. The launch comes when sales of sport utility vehicles (SUVs) account for about one-third of new passenger vehicle sales, the company said in a release.
  • September 2020-Thailand's state-owned oil major PTT is expected to invest more than $16 billion over the next decade into an initiative to promote electric vehicles and other green technology as part of a national drive to turn the country into Southeast Asia's EV hub.

Reasons to Acquire

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  • Gain authentic and granular data access for White Spirit Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Growth Rate

CAGR of 5.8% during the forecasting period, 2021-2028

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

grade, application and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Neste, Exxon Mobil Corporation, Royal Dutch Shell PLC and DHC Solvent Chemie GmbH, ThaiOil Group, Idemitsu Kosan Co., LTD, Türkiye Petrol Rafinerileri A.S., Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), Eagle Petroleum, K H Chemicals, Pon Pure Chemicals Group, Haltermann Carless Deutschland GmbH

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