The global white spirit market size was USD 6.83 Billion in 2021 and is expected to register a revenue CAGR of 5.8% during the forecast period, according to latest analysis by Emergen Research. Rising demand for white spirit in cleaning solvent and degreasing applications is one of the factors driving market revenue growth. In addition, increasing demand for paints and coatings, disinfectants, aerosols, cleaning agents, and degreasing agents in various end-user sectors such as automotive, manufacturing, and building & construction Is driving revenue growth of the white spirit market. Moreover, high demand for white spirit in combination with alicyclic and aliphatic hydrocarbons owing to rising industrial purposes such as cleaning, material extraction, and degreasing and various applications of white spirit in wood preservative solvents, varnishes, and lacquer solvent are significantly contributing to market growth.
It also provides thorough coverage of various strategic alliances, including partnerships, joint ventures, product launches, brand promotions, and mergers and acquisitions. Key strategic alliances for product development and advancements is expected to add traction to market growth going ahead. The report also covers an in-depth analysis of the key competitors of the market along with their growth strategies and business expansion plans.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the White Spirit market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Shell plc, Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, Indian Oil Corporation Ltd, Neste, KAPCO Petroleum Industries FZC, DHC Solvent Chemie GmbH Thai Oil Group, TotalEnergies, and Idemitsu Kosan Co., Ltd
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Emergen Research has segmented the global White Spirit market on the basis of type, application, end-use, and region:
- Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Type 0
- Type 1
- Type 2
- Type 3
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Solvent extraction
- Paint thinner
- Cleaning solvent
- Degreasing solvent
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the White Spirit Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global White Spirit Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.