White Spirits Market
The market for White Spirits was estimated at $7.3 billion in 2025; it is anticipated to increase to $9.4 billion by 2030, with projections indicating growth to around $12.1 billion by 2035.
Global White Spirits Market Outlook
Revenue, 2025
Forecast, 2035
CAGR, 2026 - 2035
The White Spirits industry revenue is expected to be around $7.3 billion in 2026 and expected to showcase growth with 5.2% CAGR between 2026 and 2035. Building on this trajectory, the White Spirits market is consolidating its position as a critical solvent platform across coatings, construction, automotive, and general industrial maintenance, driven by expanding refurbishment cycles, urban infrastructure projects, and the need for reliable, cost-effective industrial solvents in both mature and emerging economies. Within the White Spirits industry, Paints & Coatings and Thinner & Solvent end-use segments together account for 60.0% of overall consumption, underscoring their role as the primary demand engines for paint thinners and cleaning solvents in professional and DIY applications. Type 2 White Spirits, favored for their balanced solvency, controlled evaporation rate, and relatively low odor profile, dominated industry revenues with approximately $2.31 billion in sales in 2025, highlighting their strong adoption in decorative paints, automotive refinishing, and industrial coating systems amid ongoing reformulation toward more refined, low-aromatic white spirits and high flash point solvents.
White Spirits, commonly referred to as mineral spirits, are petroleum-derived hydrocarbon solvents characterized by a medium distillation range, good solvency for oils and alkyd resins, low water miscibility, and broad compatibility with organic binders used in modern coating formulations. These versatile White Spirits solvent grades serve as essential paint thinners in architectural and industrial paints & coatings, as cleaning solvents and degreasing agents for tools, equipment, and metal parts, and as functional carriers within metalworking fluids, adhesives, and certain printing and ink-related processes. Recent trends shaping White Spirits demand include a marked shift toward low-odor and low-aromatic white spirits to enhance worker safety and indoor air quality, rising consumption in higher-value decorative paints in fast-growing construction markets, and continued product innovation aimed at delivering performance-efficient, regulation-aligned solutions that maintain the competitive relevance of White Spirits in a gradually tightening solvent regulatory landscape.
Market Key Insights
The White Spirits market is projected to grow from $7.3 billion in 2025 to $12.1 billion in 2035. This represents a CAGR of 5.2%, reflecting rising demand across Paints & Coatings, Cleaning Solution Manufacturing, and Print Industry.
Royal Dutch Shell PLC, Total SA, and ExxonMobil are among the leading players in this market, shaping its competitive landscape.
China and U.S. are the top markets within the White Spirits market and are expected to observe the growth CAGR of 3.4% to 5.0% between 2025 and 2030.
Emerging markets including Indonesia, Nigeria and Thailand are expected to observe highest growth with CAGR ranging between 6.0% to 7.2%.
Transition like SustainabilityDriven Changes has greater influence in China and United States market's value chain; and is expected to add $250 million of additional value to White Spirits industry revenue by 2030.
The White Spirits market is set to add $4.8 billion between 2025 and 2035, with manufacturer targeting Thinner & Solvent & Fuels Application projected to gain a larger market share.
With
rising demand in paints and coatings industry, and
Growth in Water Purification Process, White Spirits market to expand 66% between 2025 and 2035.