White spirit is a clear colorless solvent with very low water solubility and a characteristic odor (odor threshold: zero.5-5 mg/m3). White spirit, a mixture of aliphatic and alicyclic C7 to C12 hydrocarbons, is employed as an extraction solvent, cleanup solvent, degreasing solvent. The growing demand for white spirits in the paints & coatings industry, modest jet kerosene costs, and high demand for white spirits as a turpentine substitute. Additionally, shift in consumer focus towards low aromatic white spirits and increasing but, hazardous nature, and toxicity concerns related to white spirits are expected to hinder the market growth in the near future.
Market Insights
The global White Spirits market is expected to be around US$ 8.70 Billion by 2027 at a CAGR of 5% in the given forecast period.
The global White Spirits market Based on Application the global White Spirits market is segmented in Cleaning solvent, Extraction solvent, Degreasing solvent, Aerosols solvent, Paints, Lacquers, Wood preservatives, and Asphalt products. Based on End-User Industry the global White Spirits market is segmented in Automobile, Color and painting industry, Manufacturing industry, and Building and construction industries.
The global White Spirits market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The White Spirits market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
ExxonMobil Corporation, Royal Dutch Shell Plc, Total S.A., Idemitsu Kosan Co., Ltd., CEPSA, GSB Chemicals, Neste Oyj, Haltermann Carless, DHC Solvent Chemie GmbH, Al Sanea Chemical Products, and others are among the major players in the global White Spirits market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The White Spirits Market has been segmented as below:
White Spirits Market, By Application
White Spirits Market, By End-User Industry
White Spirits Market, By Region
White Spirits Market, By Company
The report covers:
Report Scope:
The global White Spirits market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global White Spirits market share. Major industry players with significant revenue share include ExxonMobil Corporation, Royal Dutch Shell Plc, Total S.A., Idemitsu Kosan Co., Ltd. , CEPSA , GSB Chemicals , Neste Oyj, Haltermann Carless , DHC Solvent Chemie GmbH , Al Sanea Chemical Products, and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. White Spirits Market, By Application
5.1 Introduction
5.2 Cleaning solvent,
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Extraction solvent,
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Degreasing solvent,
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Aerosols solvent,
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Paints,
5.6.1 Market Overview
5.6.2 Market Size and Forecast
5.7 Lacquers,
5.7.1 Market Overview
5.7.2 Market Size and Forecast
5.8 Wood preservatives,
5.8.1 Market Overview
5.8.2 Market Size and Forecast
5.9 Asphalt products
5.9.1 Market Overview
5.9.2 Market Size and Forecast
6. White Spirits Market, By End-User Industry
6.1 Introduction
6.2 Automobile,
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Color and painting industry,
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Manufacturing industry,
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 Building and construction industries.
6.5.1 Market Overview
6.5.2 Market Size and Forecast
7. White Spirits Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 North America White Spirits, By Application
7.2.2 North America White Spirits, By End-User Industry
7.3 Europe
7.3.1 Europe White Spirits, By Application
7.3.2 Europe White Spirits, By End-User Industry
7.4 Asia-Pacific
7.4.1 Asia-Pacific White Spirits, By Application
7.4.2 Asia-Pacific White Spirits, By End-User Industry
7.5 Rest of the World
7.5.1 Rest of the World White Spirits, By Application
7.5.2 Rest of the World White Spirits, By End-User Industry
8. Competitive Insights
8.1 Key Insights
8.2 Company Market Share Analysis
8.3 Strategic Outlook
8.3.1 Mergers & Acquisitions
8.3.2 New Product Development
8.3.3 Portfolio/Production Capacity Expansions
8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5 Others
9. Company Profiles
9.1 ExxonMobil Corporation
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 Royal Dutch Shell Plc
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Total S.A.
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 Idemitsu Kosan Co., Ltd.
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 CEPSA
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 GSB Chemicals
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Neste Oyj
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Haltermann Carless
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 DHC Solvent Chemie GmbH
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 Al Sanea Chemical Products
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
The White Spirits Market has been segmented as below:
White Spirits Market, By Application
White Spirits Market, By End-User Industry
White Spirits Market, By Region
White Spirits Market, By Company
