Global White Spirit Market
Global White Spirit Market was valued at USD 6.8 billion in 2021 and it is expected to reach at USD 8.6 billion by 2027, at CAGR 5.6% from 2022-2027.
White spirits, also called as mineral spirits which are combination of petroleum hydrocarbons. They are clear & colorless liquids that are chemically stable & non-corrosive in nature. They are used as solvents and diluents in paint and varnish, fabric, metal cleaning, and rubber end-use industries.
Market Drivers
The increase in use of white spirits in paints & coatings, adhesives, and inks & dyes end-use industries drives the demand in the global market. Combination of white spirit with aliphatic & alicyclic hydrocarbon makes it widely used for solvent applications like cleaning solvent, degreasing solvent, and aerosol solvent.
In addition, other applications of white spirit include wood preservative solvents, varnishes, and lacquer solvent. All these factors boost the demand of the global white spirit market. Paint industry is the largest consumer of white spirit due to its extensive use as paint thinner and cleaning agent used for paint brush cleaning. White spirit is used in the construction industry, wherever paints are used. The growth of the construction industry globally is accelerating the demand for paints and coatings, thereby stimulating the white spirit market.
Market Restraints
Health hazard associated with long term exposure to white spirit hinder the growth of the global white spirit market. Presence of mineral spirit in the environment may or may not lead to exposure & cause health hazards. Factors such as consumption, breathing, and skin contact lead to exposure of white spirits. Health hazards associated with ingestion/exposure of white spirits also depend upon factors like dose or amount of white spirit exposure and duration of exposure. Ingestion of white spirit directly into lungs may further increase the risk of vomiting. Other risks associated with ingestion of white spirit vapor include nose and throat irritation, shortness in breath, and headache. All these factors are expected to restrict the growth of global white spirit market.
Market Segmentation
The Global White Spirit Market is segmented into product type such as Type 1, Type 2, type 3, type, 0. By grade, market is segmented into Low flash Grade, Regular flash Grade, High flash Grade. By application, market is segmented into Paint Thinner, Cleansing Agent, Degreasing Agent, Fuel, Disinfectant, and Others.
Regional Analysis
The Global White Spirit Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The growth of the construction industry in Asia Pacific is fueling the paints and coatings demand in these regions, which will directly have an impact on the demand for white spirit. The rapid construction activities in the emerging economies of Asia Pacific, Middle East and Africa, is driving the white spirit market. This is supported by the improving standard of living, increasing housing construction expenditure, and investments across various industries, like appliances, automotive, general industrial, architectural, and furniture.
Key Players
Al Sanea, Cepsa, DHC Solvent Chemie GmbH, Exxon Mobil Corporation, HCS Group GmbH, KAPCO PETROLEUM INDUSTRIES FZC, KH Chemicals, Kuwaitintlfactory, Shell Plc, etc.
By Taxonomy
By Product Type
By Grade
By Application
By Region
Global White Spirit Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global White Spirit Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global White Spirit Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global White Spirit Market Share Analysis, By Product Type
5.3 Global White Spirit Market Size and Forecast, By Product Type
5.3.1 Type 1
5.3.2. Type 2
5.3.3. Type 3
5.3.4. Type 0
6 Global White Spirit Market, By Grade
6.1 Y-o-Y Growth Comparison, By Grade
6.2 Global White Spirit Market Share Analysis, By Grade
6.3 Global White Spirit Market Size and Forecast, By Grade
6.3.1. Low-Flash Grade
6.3.2 Regular-Flash Grade
6.3.3. High-Flash Grade
7 Global White Spirit Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global White Spirit Market Share Analysis, By Application
7.3 Global White Spirit Market Size and Forecast, By Application
7.3. 1. Paint Thinner
7.3.2. Cleansing Agent
7.3.3. Degreasing Agent
7.3.4. Fuel
7.3.5. Disinfectant
7.3.6. Others
8 Global White Spirit Market, By Region
8.1 Global White Spirit Market Share Analysis, By Region
8.2 Global White Spirit Market Share Analysis, By Region
8.3 Global White Spirit Market Size and Forecast, By Region
9 North America White Spirit Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America White Spirit Market Share Analysis, By Product Type
9.3 North America White Spirit Market Size and Forecast, By Grade
9.4 North America White Spirit Market Size and Forecast, By Application
9.5 North America White Spirit Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe White Spirit Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe White Spirit Market Share Analysis, By Product Type
10.3 Europe White Spirit Market Size and Forecast, By Grade
10.4 Europe White Spirit Market Size and Forecast, By Application
10.5 Europe White Spirit Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific White Spirit Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific White Spirit Market Share Analysis, By Product Type
11.3 Asia Pacific White Spirit Market Size and Forecast, By Grade
11.4 Asia Pacific White Spirit Market Size and Forecast, By Application
11.5 Asia Pacific White Spirit Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America White Spirit Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America White Spirit Market Share Analysis, By Product Type
12.3 Latin America White Spirit Market Size and Forecast, By Grade
12.4 Latin America White Spirit Market Size and Forecast, By Application
12.5 Latin America White Spirit Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East White Spirit Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East White Spirit Market Share Analysis, By Product Type
13.3 Middle East White Spirit Market Size and Forecast, By Grade
13.4 Middle East White Spirit Market Size and Forecast, By Application
13.5 Middle East White Spirit Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Al Sanea
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Cepsa
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. DHC Solvent Chemie GmbH
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Exxon Mobil Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 HCS Group GmbH
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 KAPCO PETROLEUM INDUSTRIES FZC
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 KH Chemicals
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Kuwaitintlfactory
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Shell Plc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
