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White Spirit Market 2022: Study by Business Opportunities, Top manufacturers Records, Production, Revenue, Growth Rate, Price and Gross Margin | CAGR 5.8%

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White Spirit Market 2022: Study by Business Opportunities, Top manufacturers Records, Production, Revenue, Growth Rate, Price and Gross Margin | CAGR 5.8%

July 13
22:48 2022
White Spirit Market 2022: Study by Business Opportunities, Top manufacturers Records, Production, Revenue, Growth Rate, Price and Gross Margin | CAGR 5.8%
Emergen Research | White Spirit Market
Rising demand for white spirit in cleaning solvent and degreasing applications is a key factor driving white spirit market revenue growth

The global white spirit market size was USD 6.83 Billion in 2021 and is expected to register a revenue CAGR of 5.8% during the forecast period, according to latest analysis by Emergen Research. Rising demand for white spirit in cleaning solvent and degreasing applications is one of the factors driving market revenue growth.

In addition, increasing demand for paints and coatings, disinfectants, aerosols, cleaning agents, and degreasing agents in various end-user sectors such as automotive, manufacturing, and building & construction Is driving revenue growth of the white spirit market. Moreover, high demand for white spirit in combination with alicyclic and aliphatic hydrocarbons owing to rising industrial purposes such as cleaning, material extraction, and degreasing and various applications of white spirit in wood preservative solvents, varnishes, and lacquer solvent are significantly contributing to market growth.

 Some of the key participants in this white spirit industry include:

Shell plc, Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, Indian Oil Corporation Ltd, Neste, KAPCO Petroleum Industries FZC, DHC Solvent Chemie GmbH Thai Oil Group, TotalEnergies, and Idemitsu Kosan Co., Ltd.

Get the PDF Sample Copy (Including FULL TOC, Graphs and Tables) of this report @: https://www.emergenresearch.com/request-sample/1186

research report on the Global   White Spirit Market is formulated with insightful data that will help the established companies and new entrants to analyze the business trends and capitalize on investment strategies. The   White Spirit Market is analyzed with an aim to provide assistance to the readers to gain maximum returns on the investment and to enable an informed decision-making process.

Some Key Highlights From the Report

The type 1 segment accounted for a significant revenue share in 2021. Type 1, also known as Stoddard solvent, is a petroleum distillate with high boiling range of 149-204° Celsius. High demand for extraction and cleaning solvents is increasing revenue growth of this segment owing to its high boiling point as well as absence of rancid odors. Increasing utilization of aerosol for household and healthcare applications is contributing to growth of this segment. Moreover, growing use of varnishes for wood furniture is rapidly increasing demand for white spirit.

The paint thinner segment accounted for a significant revenue share in 2021. Rising demand for new residential and commercial buildings with increasing population is a major factor driving revenue growth of this segment. Paint thinner is used to easily remove oil-based paint from various equipment such as brushes, rollers, and surfaces. Moreover, ability to employ spray applicators is becoming more popular, particularly in home applications for efficiency and convenience of use. Furthermore, paint thinner prevents paint from hardening when exposed to open air, reducing cost and avoiding waste.

The Asia Pacific market accounted for largest revenue share in 2021. Presence of major paint companies especially in China, which is a leading producer of paints and coatings, in addition to growing automotive and manufacturing industries, are factors driving revenue growth of the market in this region. Moreover, increasing presence of petrochemical companies in India is also contributing to market growth..

 Explore Detailed Insights on White Spirit Market @ https://www.emergenresearch.com/industry-report/white-spirit-market

The report studies the impact of the COVID-19 pandemic on the   White Spirit Market .The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.

Global White Spirit Market Market Research Objectives:

 To provide deep understanding of the White Spirit Market industry.

To highlight the critical data of each segment at extensive level.

To determine key success factors in different segments of White Spirit Market industry.

To highlight the trends in specific sectors.

To give insights into key segments.

To carry economic analysis, build quantitative and financial models of global White Spirit Market industry and individual segments.

To project future performance of the global White Spirit Market industry and identify imperatives.

To identify risks of investing in particular segments and suggest appropriate strategies to mitigate the risks.

To study what held back the White Spirit Market industry during pandemic and forces that are driving up the global White Spirit Market post-pandemic.

To understand how our White Spirit Market can bring difference to your business strategy: Get Sample PDF

Segmentation :

Emergen Research has segmented the global white spirit market based on product type, application, and region:

Product Type Outlook (Revenue, USD Billion; 2019-2030)

Type 0

Type 1

Type 2

Type 3

Application Outlook (Revenue, USD Billion; 2019-2030)

Solvent extraction

Paint thinner

Cleaning solvent

Degreasing solvent

Others

Planning to lay down future strategy? Speak with an Analyst to learn more: https://www.emergenresearch.com/call-schedule/1186

Regional Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

What is the key information extracted from the report?

Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.

The report offers the present scenario and future growth prospects Market in various geographical regions.

The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.

The SWOT analysis is conducted along with Porter’s Five Force analysis.

The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

Buy Now @ https://www.emergenresearch.com/select-license/1186

The report provides a comprehensive analysis in an organized manner in the form of tables, graphs, charts, figures, and diagrams. The organized data paves the way for thorough examination and research of the current and future outlook of the market. The report further offers a thorough SWOT and Porter’s Five Forces analysis to impart a better understanding of the competitive landscape of the White Spirit Market

This report provides:

An in-depth overview of the global market for White Spirit Market

Assessment of the global industry trends, historical data from 2019, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.

Discoveries of new market prospects and targeted marketing methodologies for Global White Spirit Market

Discussion of R&D, and the demand for new products launches and applications.

Wide-ranging company profiles of leading participants in the industry.

The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.

The growth in patient epidemiology and market revenue for the market globally and across the key players and market segments.

Study the market in terms of generic and premium product revenue.

Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

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Website: www.emergenresearch.com/industry-report/white-spirit-market

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