White Spirits Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2027

White spirits, also referred to as mineral spirits, are a blend of petroleum hydrocarbons. They are colourless and clear liquids that are chemically stable and non-corrosive. In the paint and varnish, fabric, metal cleaning, and rubber end-use industries, they are used as solvents and diluents.

The increased use of white spirits in the paints and coatings, adhesives, and inks and dyes end-use industries drives global demand. Because of the combination of white spirit and aliphatic and alicyclic hydrocarbons, it is widely used in solvent applications such as cleaning solvent, degreasing solvent, and aerosol solvent. Other uses for white spirit include wood preservative solvents, varnishes, and lacquer solvent. All of these factors contribute to the global white spirits market's demand.

The White Spirits Market is divided into three sections: grade, application, and geography. The market is divided into three grades: low-flash grade, regular-flash grade, and high-flash grade. The market is divided into applications such as paint thinner, cleansing agent, degreasing agent, fuel, disinfectant, and others.

COVID-19 had a negative impact on the market in 2020. As a result of the pandemic scenario, several countries around the world went into lockdown to prevent the virus from spreading. This harmed demand for white spirit in a variety of applications such as paint thinner, fuel, degreasing agent, and others, as production units in industries such as paints and coatings, construction, automotive, and others were halted due to labour shortages and supply chain disruptions.

Market for white spirits, by region

The Asia-Pacific white spirits market is expected to grow at the fastest CAGR of 7.0 percent during the forecast period, accounting for 27.6 percent of the white spirits market in 2020. White spirit's eco-friendliness and low cost make it suitable for use as a paint thinner, as it reduces paint viscosity and improves paint smoothness. Furthermore, the increased use of white spirit in the construction and automotive end-use industries drives demand in the Asia-Pacific white spirits market.

White spirits, also known as mineral spirits, are a petroleum hydrocarbon blend. They are colourless, clear, chemically stable, and non-corrosive liquids. They are used as solvents and diluents in the paint and varnish, fabric, metal cleaning, and rubber end-use industries.