The White Spirits Market size is projected to grow by USD 2.15 billion, with a CAGR of 5.6% between 2023 and 2028.White spirits, also known as mineral spirits or paint thinners, are essential petrochemical solvents widely used in industries such as paint and coating. Their growing use as cleaning and degreasing agents, along with increasing demand from the construction sector, is driving market growth. However, health concerns related to prolonged exposure, regulatory challenges, and the availability of alternative solvents pose obstacles
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APAC
China
Japan
Europe
Germany
UK
North America
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Middle East and Africa
South America
The thinner and solvent segment is expected to see significant growth during the forecast period. White spirits play a crucial role in paint and coating production, serving as effective thinners to reduce viscosity and ensure smooth application. Increasing demand in the construction industry for solvent-based paints and coatings is a major growth driver.
White spirits are composed of aromatic and aliphatic hydrocarbons, with a boiling range between 60-150°C (140-302°F). Their chemical properties make them highly effective as thinners, allowing easy blending with various paint composites derived from crude oil. Besides paints and coatings, white spirits are used in cleaning agents and industrial applications.
In 2018, the thinner and solvent segment was valued at USD 1.73 billion and has shown consistent growth.
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The white spirits market is expected to expand steadily, driven by demand from the construction, paint and coating, and petrochemical industries. However, regulatory challenges and health concerns may lead to the development of alternative solvents.
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