White Spirits Market 2028 By Grade, Application and Geography | The Insight Partners

MARKET OVERVIEW

White spirit, is a clear liquid made from petroleum that is commonly used as an organic solvent in paintings. White spirits is used in industry to clean and degrease machine parts, as well as as a thread cutting and reaming lubricant when combined with cutting oil. They are a low-cost substitute for vegetable-based turpentine. Furthermore, white spirits are often used as a cutting fluid in ultra-precision lathes.

MARKET SCOPE

The "Global White Spirits Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the white spirits market with detailed market segmentation by grade, application, and geography. The report provides key statistics on the market status of the leading white spirits market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of grade, the market is segmented into low flash grade, regular flash grade, and high flash grade.
  
•   On the basis of application, the market is segmented into paints & coatings, waxes, liquid photocopier toners, adhesives, printing inks, and others
  

MARKET DYNAMICS

Drivers:

•   The paints and coatings industry, which drives the white spirits market, is driven by increased demand from the automotive and transportation industries, as well as rising infrastructural and architectural developments.
  
•   Moreover, government attempts to renovate tourist spots will help the sector expand even more.
  
•   A global shift toward low aromatic white spirits, on the other hand, is expected to provide development prospects for the key market participants throughout the forecast period.
  

Restraints:

•   However, environmental restrictions requiring high VOC emission due to high aromatic content have harmed the white spirit business.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The white spirits market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the white spirits market in these regions.

IMPACT OF COVID-19 ON WHITE SPIRITS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the white spirits market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from white spirits market are anticipated to lucrative growth opportunities in the future with the rising demand for white spirits in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the white spirits market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Al Sanea
  
•   Cepsa
  
•   DHC SOLVENT CHEMIE GMBH
  
•   Exxon Mobil Corporation
  
•   GSB Chemical Co. Pty. Ltd
  
•   HCS Group GmbH
  
•   Shell Group of Companies
  
•   Total SA
  
•   Idemitsu Kosan Co. Ltd
  
•   Bharat Petroleum Corporation Limited
  
•   Indian Oil Corporation Limited
  
•   ThaiOil Company
  
•   Eagle Petrochem
  
•   Compañía Española de Petróleos, S.A.U.
  
•   KH Chemicals BV
  
•   Neste Oyj
  
•   Vizag Chemical International
  
•   ALLWIN TRADE SOLUTIONS
  
•   SHANGHAI CHEMEX
  
•   AL-OGA FACTORY
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.