Global White Spirits Market is estimated to reach $8.8 billion by 2024

Global White Spirits Market is estimated to reach $8.8 billion by 2024, with the CAGR of 6.6% between 2016 and 2024. White spirit is a mixture of straight and branched chain paraffins, naphthene and alkyl aromatic hydrocarbons, majorly used for cleaning paint and degreasing machine tools and parts. It is also used by individuals in their household to clean used paint brushes, and to remove adhesive from surfaces.

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White spirit is a light grade of kerosene and can also be used as substitute for kerosene in stoves. Unassuming jet kerosene prices, steady demand from the paints and coatings industry, changing demographics, improving global economic conditions, and the increasing demand for these spirits as a turpentine substitute are the major factors driving the global white spirits market. However, high cost of white spirits may hamper the market growth.

Shifting focus towards low aromatic white spirits would provide several growth opportunities for the market in coming years.The global white spirits market is bifurcated by application and grades. The segmentations by application include paint thinner, cleaning solvent, degreasing solvent, fuel, disinfectant, and others. Regular flash grade, high flash grade, and low flash grade are the various classifications of white spirits by grades. The paint thinner segment dominated the application segment with the largest market share in 2016. Regular flash grade was the maximum revenue generating segment by grades.Based on geography, the market has been segmented into North America, Europe, Asia Pacific and rest of the world (RoW).

 

The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, UK and others. Asia-Pacific covers China, India, Japan and others. Rest of the world (RoW) covers South America, Middle East and Africa. Major companies operating in this market are ExxonMobil Corporation, Royal Dutch Shell Plc, Total S.A., Idemitsu Kosan Co., Ltd., CEPSA, and Neste Oyj among others.The key takeaways from the report The report will provide detailed analysis of white spirits market with respect to major segments such as application and grade. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities. An exhaustive regional analysis of white spirits market.

 

Profile of key players of the white spirits market, which include key financials, product & services and new developments. Scope of white spirits Market Application Segment Paint thinner Cleaning solvent Degreasing solvent Fuel Disinfectant OthersGrade Segment Regular flash grade High flash grade Low flash grade Geographical Segments North America, US, Canada, Mexicoo Europe, Germany, France, United Kingdom,  Spain,  Otherso Asia-Pacific,  China,  India,  Japan,  South Korea,  Others RoW, South America, Middle East, Africa.

 

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TABLE OF CONTENTS

 

Chapter 1 Prefix

1.1 Market Scope

1.2 Report Description

1.3 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Market Outline

3.1 Market Inclination, Trend, Outlook and Viewpoint

3.2 Market Share Analysis: Company’s Competitive Scenario

3.3 Value Chain Analysis

3.4 Market Dynamics

3.5 Porter’s five forces analysis

 

Chapter 4 White Spirits Market by Grades: Market Size and Forecast, 2015- 2024

4.1 Regular Flash Grade

4.2 High Flash Grade

4.3 Low Flash Grade

 

Chapter 5 White Spirits Market by Application: Market Size and Forecast, 2015- 2024

5.1 Paint Thinner

5.2 Cleaning Solvent

5.3 Degreasing Solvent

5.4 Fuel

5.5 Disinfectant

5.6 Others

 

Chapter 6 White Spirits Market by Geography: Market Size and Forecast, 2015- 2024

6.1 North America

6.2 Europe

6.3 Asia-Pacific

6.4 Rest of the World

 

Chapter 7 Company Profiles

7.1 DHC Solvent Chemie GmbH

7.2 Total S.A.

7.3 ExxonMobil Corporation

7.4 Haltermann Carless

7.5 Idemitsu Kosan Co., Ltd.

7.6 Compañía Española de Petróleos, S.A.U.

7.7 Royal Dutch Shell Plc

7.8 Neste Oyj

 

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