White Spirits Market, By Application (Type 1, Type 2, Type 3, Type 0), By Grade (Low Flash Grade, Regular Flash Grade, High Flash Grade), By Application (Paint Thinner, Cleansing Solvent, Degreasing Solvent, Fuel Disinfectant, Others (Additives in Oil & L

White Spirits Market, By Application (Type 1, Type 2, Type 3, Type 0), By Grade (Low Flash Grade, Regular Flash Grade, High Flash Grade), By Application (Paint Thinner, Cleansing Solvent, Degreasing Solvent, Fuel Disinfectant, Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)), and By Regions (Asia Pacific, Europe, North America, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

White spirits are also known as mineral spirits, varsol, and petroleum spirits derived from petroleum. It is used as common organic solvent in paints, aerosols, varnishes, asphalt products, lacquers, wood preservatives, and for cleaning & degreasing machine parts. In Europe, 60% of the total white spirits consumption is utilized for varnishes, paints, and lacquers. It is majorly used as solvent in paint industry. Furthermore, white spirits is commonly used to clean paint brushes in residential applications. The growth of end-use industries including paint industry is projected to boost the demand for white spirits over the forth coming years.
Market Dynamics
Based on application, white spirits market is segmented into paint thinner, cleansing solvent, degreasing solvent, fuel, disinfectant, others. Wherein, paint thinner segment dominated global white spirits market in 2021 and contributed for 55% in terms of revenue in the same year, followed by cleansing solvent and degreasing application. Moreover, paint thinner application is predicted to record fastest growth of 6.6% during the forecast period (2020 to 2027).
On the basis of region, Middle East & Africa accounted for the largest share, in terms of revenue in 2021 and contributed for 32% in 2021, followed by Asia Pacific and North America. Moreover, Middle East & Africa is anticipated to record fastest growth in terms of revenue in the global white spirits market during the forecast period (2020 to 2027).
Key features of the study:
This report provides in-depth analysis of white spirits and provides market size (US$ Mn and Thousand Metric Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2022 - 2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global White Spirits market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include ExxonMobil Corporation, Royal Dutch Shell Plc, Total S.A., Idemitsu Kosan Co., Ltd., Compañía Española de Petróleos, S.A.U. (CEPSA), Neste Oyj, Haltermann Carless Deutschland GmbH, DHC Solvent Chemie GmbH, Al Sanea Chemical Products, and GSB Chemical Co. Pty. Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up gradation, market expansion, and marketing tactics
The global White Spirits market report caters to various stakeholders in this industry including investors, suppliers, White Spirits manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the White Spirits market
Detailed Segmentation:
Global White Spirits Market, By Application:
Type 1
Type 2
Type 3
Type 0
Global White Spirits Market, By Grade:
Low Flash Grade
Regular Flash Grade
High Flash Grade
Global White Spirits Market, By Application:
Paint Thinner
Cleansing Solvent
Degreasing Solvent
Fuel
Disinfectant
Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
Global White Spirits Market, By Geography:
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
U.K.
France
Spain
Italy
Russia
Rest of Europe
Asia Pacific
China
India
ASEAN
Oceania
Japan
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Turkey
Rest of Middle East & Africa
Company Profiles
ExxonMobil Corporation*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Royal Dutch Shell Plc
Total S.A.
Idemitsu Kosan Co., Ltd.
Compañía Española de Petróleos, S.A.U. (CEPSA)
Neste Oyj
Haltermann Carless Deutschland GmbH
DHC Solvent Chemie GmbH
Al Sanea Chemical Products
GSB Chemical Co. Pty. Ltd.
“*” marked represents similar segmentation in others categories in the respective section.