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Global White Spirit Market: By Type: Type 0, Type 1, Type 2, Type 3; By Grade: Low Flash Point, Medium Flash Point, High Flash Point; By Application: Paints Thinner, Cleaning, Degreasing, Fuel, Disinfectant, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Competitive Landscape; Industry Events and Developments

Global White Spirit Market Outlook

The global white spirit market reached a value of about USD 6.30 billion in 2019. The industry is further expected to grow at a CAGR of about 4.5% in the forecast period of 2020-2025 to reach a value of around USD 8.60 billion by 2025.

 

The Asia Pacific to Provide Significant Growth Opportunities to the Global White Spirit Market

The Asia Pacific is one of the leading regions for the industry, with the industry projected to witness a significant growth rate in the region in the coming years. Population growth, rapid urbanisation, and growing disposable incomes are expected to play a significant role in driving the industry growth in the coming years, particularly in countries like China, India, and Thailand. In these countries, the increasing infrastructural developments and rising construction activities are expected to bolster the demand for white spirit. European countries like Germany and the United Kingdom also contribute to the significant global demand for white spirit, with the demand mostly stemming from the paints and coatings industry in these countries.

 

White Spirit: Industry Definition and Segmentation

White spirit, also variously known as mineral turpentine, turpentine substitute, or mineral spirits, is a clear liquid derived from petroleum, which finds extensive use as a solvent in painting. It is, thus, widely used in the automotive, paints and coatings, manufacturing, design, and building and construction sectors. It could be used as a solvent cleaner, extractive resolver, degreasing solvent, aerosol solvent, lacquer, and wood preservation agent, among others, due to its high solubility.

Based on type, the industry can be divided into the following:

  • Type 0 
  • Type 1
  • Type 2
  • Type 3

The grades of the product can be divided into:

  • Low Flash Point 
  • Medium Flash Point 
  • High Flash Point

White spirit finds applications in the following segments:

  • Paints Thinner
  • Cleaning
  • Degreasing 
  • Fuel
  • Disinfectant
  • Others

The regional markets for white spirit can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Paints and Coatings Industry Bolstering the White Spirit Market Growth

The booming paints and coatings sector, as well as the increasing demand for cleaning and degreasing solvents, mainly stimulate the development of the global market for white spirits. The rising activities in the construction sector and the growing automobile industry have propelled the demand for a synthetic paint thinner in emerging regions. This has also increased the demand for white spirits. In addition, the global white spirits market is expected to be driven by factors, such as the growing demand for oil exploration, shift in demography, and better global economic conditions. In addition, the rising customer inclinations toward low aromatic white spirits could, in the near future, generate high growth prospects for the white spirit industry globally.

 

Key Industry Players in the Global White Spirit Market

The report gives a detailed analysis of the following key players in the global white spirit market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ExxonMobil Corporation 
  • Total S.A. 
  • Royal Dutch Shell Plc 
  • Neste Oyj
  • GSB Chemicals 
  • CEPSA Química, S.A. 
  • Haltermann Carless 
  • DHC Solvent Chemie GmbH 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global White Spirit Market Analysis

    8.1    Key Industry Highlights
    8.2    Global White Spirit Historical Market (2015-2019) 
    8.3    Global White Spirit Market Forecast (2020-2025)
    8.4    Global White Spirit Market by Type
        8.4.1    Type 0
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Type 1
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Type 2
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Type 3
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
    8.5    Global White Spirit Market by Grade
        8.5.1    Low Flash Point
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Medium Flash Point
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    High Flash Point
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
    8.6    Global White Spirit Market by Application
        8.6.1    Paints Thinner
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Cleaning
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Degreasing
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Fuel
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
        8.6.5    Disinfectant
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2015-2019)
            8.6.5.3    Forecast Trend (2020-2025)
        8.6.6    Others
    8.7    Global White Spirit Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code - 271015)

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Price Analysis
    13.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
14    Manufacturing Process
    14.1    Overview
    14.2    Detailed Process Flow
    14.3    Operation Involved
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Company Profiles
        15.3.1    ExxonMobil Corporation
            15.3.1.1    Company Overview
            15.3.1.2    Product Portfolio
            15.3.1.3    Demographic Reach and Achievements
            15.3.1.4    Certifications
        15.3.2    Total S.A.
            15.3.2.1    Company Overview
            15.3.2.2    Product Portfolio
            15.3.2.3    Demographic Reach and Achievements
            15.3.2.4    Certifications
        15.3.3    Royal Dutch Shell Plc
            15.3.3.1    Company Overview
            15.3.3.2    Product Portfolio
            15.3.3.3    Demographic Reach and Achievements
            15.3.3.4    Certifications
        15.3.4    Neste Oyj
            15.3.4.1    Company Overview
            15.3.4.2    Product Portfolio
            15.3.4.3    Demographic Reach and Achievements
            15.3.4.4    Certifications
        15.3.5    GSB Chemicals
            15.3.5.1    Company Overview
            15.3.5.2    Product Portfolio
            15.3.5.3    Demographic Reach and Achievements
            15.3.5.4    Certifications
        15.3.6    CEPSA Química, S.A.
            15.3.6.1    Company Overview
            15.3.6.2    Product Portfolio
            15.3.6.3    Demographic Reach and Achievements
            15.3.6.4    Certifications
        15.3.7    Haltermann Carless
            15.3.7.1    Company Overview
            15.3.7.2    Product Portfolio
            15.3.7.3    Demographic Reach and Achievements
            15.3.7.4    Certifications
        15.3.8    DHC Solvent Chemie GmbH
            15.3.8.1    Company Overview
            15.3.8.2    Product Portfolio
            15.3.8.3    Demographic Reach and Achievements
            15.3.8.4    Certifications
        15.3.9    Others
16    Industry Events and Developments

 

Additional Customisations Available

1.    Project Requirements and Cost Analysis
    1.1    Land, Location, and Site Development
    1.2    Construction
    1.3    Plant Machinery
    1.4    Cost of Raw Material
    1.5    Packaging
    1.6    Transportation
    1.7    Utilities
    1.8    Manpower
    1.9    Other Capital Investment

 

List of Figures and Tables

1.    Global White Spirit Market: Key Industry Highlights, 2015 and 2025
2.    Global White Spirit Historical Market: Breakup by Type (USD Billion), 2015-2019
3.    Global White Spirit Market Forecast: Breakup by Type (USD Billion), 2020-2025
4.    Global White Spirit Historical Market: Breakup by Grade (USD Billion), 2015-2019
5.    Global White Spirit Market Forecast: Breakup by Grade (USD Billion), 2020-2025
6.    Global White Spirit Historical Market: Breakup by Application (USD Billion), 2015-2019
7.    Global White Spirit Market Forecast: Breakup by Application (USD Billion), 2020-2025
8.    Global White Spirit Historical Market: Breakup by Region (USD Billion), 2015-2019
9.    Global White Spirit Market Forecast: Breakup by Region (USD Billion), 2020-2025
10.    North America White Spirit Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    North America White Spirit Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Europe White Spirit Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Europe White Spirit Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Asia Pacific White Spirit Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Asia Pacific White Spirit Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Latin America White Spirit Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Latin America White Spirit Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Middle East and Africa White Spirit Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Middle East and Africa White Spirit Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Major Importing Countries by Volume (2019)
21.    Major Exporting Countries by Volume (2019)
22.    Major Importing Countries by Value (2019)
23.    Major Exporting Countries by Value (2019)
24.    North America Historical Price Trends and Forecast 2015-2025
25.    Europe Historical Price Trends and Forecast 2015-2025
26.    Asia Pacific Historical Price Trends and Forecast 2015-2025
27.    Latin America Historical Price Trends and Forecast 2015-2025
28.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
29.    Global White Spirit Market Structure

Key Questions Answered in the Report

In 2019, the global white spirit market attained a value of nearly USD 6.30 billion.

The market is projected to grow at a CAGR of 4.5% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 8.60 billion by 2025.

The major drivers of the industry, such as rising disposable incomes, rapid urbanisation, growing population, rising demand for cleaning and degreasing solvents, increasing construction activities, and rising demand from the automobile industry, are expected to aid the market growth.

The key trends guiding the growth of the market include the rising oil exploration and growing customer inclinations toward low aromatic white spirits.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading types of white spirit in the industry are type 0, type 1, type 2, and type 3.

The major grades of the products in the market are low flash point, medium flash point, and high flash point.

The significant application segments in the industry are paints thinner, cleaning, degreasing, fuel, and disinfectant, among others.

The major players in the industry are ExxonMobil Corporation, Total S.A., Royal Dutch Shell Plc, Neste Oyj, GSB Chemicals, CEPSA Química, S.A., Haltermann Carless, and DHC Solvent Chemie GmbH, among others.

Analyst Review

The global white spirit market attained a value of USD 6.30 billion in 2019, driven by rising demand from the paints and coatings industry. Aided by the growing construction activities, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4.5%. The white spirit market is projected to reach USD 8.60 billion by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is segmented into type 0, type 1, type 2, and type 3. Based on grade, the industry is divided into low flash point, medium flash point, and high flash point. On the basis of application, the market is categorised into paints thinner, cleaning, degreasing, fuel, and disinfectant, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ExxonMobil Corporation, Total S.A., Royal Dutch Shell Plc, Neste Oyj, GSB Chemicals, CEPSA Química, S.A., Haltermann Carless, and DHC Solvent Chemie GmbH, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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