The global white spirits market is forecasted to grow by USD 2291.0 mn during 2024-2029, accelerating at a CAGR of 5.7% during the forecast period. The report on the global white spirits market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing usage of white spirits as cleaning and degreasing agent, increasing demand from automotive industry, rising demand for white spirits from artists.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope |
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 5.4% |
| CAGR | 5.7% |
| Incremental Value | $2291.0 mn |
Technavio's global white spirits market is segmented as below:
By Application
- Thinner and solvent
- Fuels
- Cleaning agent
- Degreasing agent
- Others
By Grade Type
- Regular flash
- Low flash
- High flash
By Product Type
- Type 1
- Type 2
- Type 3
- Type 0
Geography
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- UK
- France
- Italy
- The Netherlands
- Spain
- North America
- Middle East and Africa
- South America
- Brazil
- Argentina
- Colombia
- Rest of World (ROW)
This study identifies the increasing demand from construction industry as one of the prime reasons driving the global white spirits market growth during the next few years. Also, rise in demand for oil exploration and rise in demand for cleaning and degreasing solvents will lead to sizable demand in the market.
The report on the global white spirits market covers the following areas:
- Global white spirits market sizing
- Global white spirits market forecast
- Global white spirits market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global white spirits market vendors that include 2M Holdings Ltd., Al Oga Factory, Al Sanea Chemical Products, Bharat Petroleum Corp. Ltd., Compania Espanola de Petroleos SA, DHC Solvent Chemie GmbH, Exxon Mobil Corp., G.S.B Chemical Co. Pty. Ltd., Haltermann Carless, HCS Group GmbH, Indian Oil Corp. Ltd., KH Chemicals BV, Neste Corp., Pure Chemicals Co. Ltd, Rebain International, Sel Chemie BV, Shanghai Chemex Group Ltd., Shell plc, TotalEnergies SE, Vizag Chemical International. Also, the global white spirits market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Grade Type
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
5 Historic Market Size
- 5.1 Global White Spirits Market 2019 - 2023
- Historic Market Size - Data Table on Global White Spirits Market 2019 - 2023 ($ million)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.3 Grade Type segment analysis 2019 - 2023
- Historic Market Size - Grade Type Segment 2019 - 2023 ($ million)
- 5.4 Product Type segment analysis 2019 - 2023
- Historic Market Size - Product Type Segment 2019 - 2023 ($ million)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 The AI impact on Global White Spirits Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
8 Market Segmentation by Application
- 8.1 Market segments
- 8.2 Comparison by Application
- 8.3 Thinner and solvent - Market size and forecast 2024-2029
- 8.4 Fuels - Market size and forecast 2024-2029
- 8.5 Cleaning agent - Market size and forecast 2024-2029
- 8.6 Degreasing agent - Market size and forecast 2024-2029
- 8.7 Others - Market size and forecast 2024-2029
- 8.8 Market opportunity by Application
- Market opportunity by Application ($ million)
9 Market Segmentation by Grade Type
- 9.1 Market segments
- 9.2 Comparison by Grade Type
- 9.3 Regular flash - Market size and forecast 2024-2029
- 9.4 Low flash - Market size and forecast 2024-2029
- 9.5 High flash - Market size and forecast 2024-2029
- 9.6 Market opportunity by Grade Type
- Market opportunity by Grade Type ($ million)
10 Market Segmentation by Product Type
- 10.1 Market segments
- 10.2 Comparison by Product Type
- 10.3 Type 1 - Market size and forecast 2024-2029
- 10.4 Type 2 - Market size and forecast 2024-2029
- 10.5 Type 3 - Market size and forecast 2024-2029
- 10.6 Type 0 - Market size and forecast 2024-2029
- 10.7 Market opportunity by Product Type
- Market opportunity by Product Type ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- 12.3.1 China - Market size and forecast 2024-2029
- 12.3.2 Japan - Market size and forecast 2024-2029
- 12.3.3 India - Market size and forecast 2024-2029
- 12.3.4 South Korea - Market size and forecast 2024-2029
- 12.3.5 Australia - Market size and forecast 2024-2029
- 12.3.6 Indonesia - Market size and forecast 2024-2029
- 12.4 Europe - Market size and forecast 2024-2029
- 12.4.1 Germany - Market size and forecast 2024-2029
- 12.4.2 UK - Market size and forecast 2024-2029
- 12.4.3 France - Market size and forecast 2024-2029
- 12.4.4 Italy - Market size and forecast 2024-2029
- 12.4.5 The Netherlands - Market size and forecast 2024-2029
- 12.4.6 Spain - Market size and forecast 2024-2029
- 12.5 North America - Market size and forecast 2024-2029
- 12.5.1 US - Market size and forecast 2024-2029
- 12.5.2 Canada - Market size and forecast 2024-2029
- 12.5.3 Mexico - Market size and forecast 2024-2029
- 12.6 Middle East and Africa - Market size and forecast 2024-2029
- 12.6.1 Saudi Arabia - Market size and forecast 2024-2029
- 12.6.2 UAE - Market size and forecast 2024-2029
- 12.6.3 South Africa - Market size and forecast 2024-2029
- 12.6.4 Israel - Market size and forecast 2024-2029
- 12.6.5 Turkey - Market size and forecast 2024-2029
- 12.7 South America - Market size and forecast 2024-2029
- 12.7.1 Brazil - Market size and forecast 2024-2029
- 12.7.2 Argentina - Market size and forecast 2024-2029
- 12.7.3 Colombia - Market size and forecast 2024-2029
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Growing usage of white spirits as cleaning and degreasing agent
- Increasing demand from automotive industry
- Rising demand for white spirits from artists
- 13.2 Market challenges
- Health hazards associated with long-term exposure to white spirits
- High cost of white spirits
- Availability of substitutes for white spirits
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Increasing demand from construction industry
- Rise in demand for oil exploration
- Rise in demand for cleaning and degreasing solvents
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 2M Holdings Ltd.
- 2M Holdings Ltd. - Overview
- 2M Holdings Ltd. - Product / Service
- 2M Holdings Ltd. - Key offerings
- SWOT
- 15.5 Al Oga Factory
- Al Oga Factory - Overview
- Al Oga Factory - Product / Service
- Al Oga Factory - Key offerings
- SWOT
- 15.6 Al Sanea Chemical Products
- Al Sanea Chemical Products - Overview
- Al Sanea Chemical Products - Product / Service
- Al Sanea Chemical Products - Key offerings
- SWOT
- 15.7 Bharat Petroleum Corp. Ltd.
- Bharat Petroleum Corp. Ltd. - Overview
- Bharat Petroleum Corp. Ltd. - Product / Service
- Bharat Petroleum Corp. Ltd. - Key offerings
- SWOT
- 15.8 Compania Espanola de Petroleos SA
- Compania Espanola de Petroleos SA - Overview
- Compania Espanola de Petroleos SA - Business segments
- Compania Espanola de Petroleos SA - Key offerings
- Compania Espanola de Petroleos SA - Segment focus
- SWOT
- 15.9 DHC Solvent Chemie GmbH
- DHC Solvent Chemie GmbH - Overview
- DHC Solvent Chemie GmbH - Product / Service
- DHC Solvent Chemie GmbH - Key offerings
- SWOT
- 15.10 Exxon Mobil Corp.
- Exxon Mobil Corp. - Overview
- Exxon Mobil Corp. - Business segments
- Exxon Mobil Corp. - Key news
- Exxon Mobil Corp. - Key offerings
- Exxon Mobil Corp. - Segment focus
- SWOT
- 15.11 G.S.B Chemical Co. Pty. Ltd.
- G.S.B Chemical Co. Pty. Ltd. - Overview
- G.S.B Chemical Co. Pty. Ltd. - Product / Service
- G.S.B Chemical Co. Pty. Ltd. - Key offerings
- SWOT
- 15.12 Haltermann Carless
- Haltermann Carless - Overview
- Haltermann Carless - Product / Service
- Haltermann Carless - Key offerings
- SWOT
- 15.13 HCS Group GmbH
- HCS Group GmbH - Overview
- HCS Group GmbH - Product / Service
- HCS Group GmbH - Key offerings
- SWOT
- 15.14 Indian Oil Corp. Ltd.
- Indian Oil Corp. Ltd. - Overview
- Indian Oil Corp. Ltd. - Business segments
- Indian Oil Corp. Ltd. - Key news
- Indian Oil Corp. Ltd. - Key offerings
- Indian Oil Corp. Ltd. - Segment focus
- SWOT
- 15.15 KH Chemicals BV
- KH Chemicals BV - Overview
- KH Chemicals BV - Product / Service
- KH Chemicals BV - Key offerings
- SWOT
- 15.16 Shanghai Chemex Group Ltd.
- Shanghai Chemex Group Ltd. - Overview
- Shanghai Chemex Group Ltd. - Product / Service
- Shanghai Chemex Group Ltd. - Key offerings
- SWOT
- 15.17 Shell plc
- Shell plc - Overview
- Shell plc - Business segments
- Shell plc - Key news
- Shell plc - Key offerings
- Shell plc - Segment focus
- SWOT
- 15.18 TotalEnergies SE
- TotalEnergies SE - Overview
- TotalEnergies SE - Business segments
- TotalEnergies SE - Key news
- TotalEnergies SE - Key offerings
- TotalEnergies SE - Segment focus
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations