North America White Spirits Market Forecast 2023-2032KEY FINDINGS
The North America white spirits market is estimated to register a CAGR of 5.69% during the forecast period, 2023-2032. The market growth is attributed to the growing demand for automotive paints.
MARKET INSIGHTS
Canada and the United States are assessed for the North America white spirits market growth analysis. Canada is a high-tech industrial country. The automotive, construction, marine, and aerospace sectors of the country use industrial paints & coatings. At the same time, Canada relies on imports for almost half of its paint requirements. Also, the automotive segment encompasses the major use of industrial paints & coatings for refinishing.
Further, Canada’s automotive supply sector comprises the largest auto parts companies globally. In addition, the defense and aerospace sectors are recording stable growth within and outside the country due to their robust R&D infrastructure. Besides, the industry, under the North American Free Trade Agreement (NAFTA), caters to export markets globally. This further boosts growth opportunities for paints & coatings, in turn, raising the demand for white spirits.
Moreover, the Canada coatings market is slowly transitioning into an eco-friendly market. This is supplemented by steady support from the government and associations like Canadian Paints and Coatings Association (CPCA) with regard to promoting the usage of eco-friendly industrial paints & coatings. Such factors facilitate growth opportunities for the Canada white spirits market.
COMPETITIVE INSIGHTS
Some of the eminent firms in the market include Total SA, STOCKMEIER Gruppe, PMPI, Royal Dutch Shell Plc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Thriving Automotive Industry
- 3.1.2. Escalating Need For Cleaning And Degreasing Chemicals
- 3.1.3. Demographic Shifts And Improved Economic Conditions
- 3.1.4. Government Initiatives
- 3.2. Key Restraints
- 3.2.1. Health Hazards
- 3.2.2. Availability Of Substitutes
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On White Spirits Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Key Buying Criteria
- 4.7. Regulatory Framework
- 5. Market By Product Type
- 5.1. Type 0 (Distillation Fraction With No Further Treatment)
- 5.2. Type 1 (Hydrodesulfurization)
- 5.3. Type 2 (Solvent Extraction)
- 5.4. Type 3 (Hydrogenation)
- 6. Market By Grade
- 6.1. Low Flash Point
- 6.2. Regular Flash Point
- 6.3. High Flash Point
- 7. Market By Application
- 7.1. Paint Thinner
- 7.2. Cleaning Solvent
- 7.3. Degreasing Solvent
- 7.4. Fuel
- 7.5. Disinfectant
- 7.6. Other Applications
- 8. Geographical Analysis
- 8.1. North America
- 8.1.1. Market Size & Estimates
- 8.1.2. Key Growth Enablers
- 8.1.3. Key Challenges
- 8.1.4. Key Players
- 8.1.5. Country Analysis
- 8.1.5.1. United States
- 8.1.5.2. Canada
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Mergers & Acquisitions
- 9.1.2. Product Launches & Developments
- 9.1.3. Partnerships & Agreements
- 9.1.4. Business Expansions & Divestitures
- 9.2. Company Profiles
- 9.2.1. Cepsa
- 9.2.2. Dhc Solvent Chemie Gmbh
- 9.2.3. Exxonmobil Corporation
- 9.2.4. Hcs Group
- 9.2.5. Idemitsu Kosan Co Ltd
- 9.2.6. Kh Chemicals
- 9.2.7. Kif
- 9.2.8. Pmpi
- 9.2.9. Royal Dutch Shell Plc
- 9.2.10. Stockmeier Gruppe
- 9.2.11. Total Sa
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