Exploring the Evolving Landscape of the White Spirit Market

Global Market Study on White Spirits: Surging Paints Thinner Sales to Benefit Revenue Growth

White Spirits Market are of four types – Type 1, Type 2, Type 3, and Type 0, which are categorized on their aromatic content basis. White spirits are consumed in a wide range of applications such as paint thinners, cleaning solvents, degreasing solvents, fuels, and disinfectants, among others.

Persistence Market Research (PMR) delivers a comprehensive breakdown of the global white spirits market, in its report titled, ‘White Spirits Market: Global Industry Analysis 2014–2018 and Forecast 2019–2029’. The prime objective of this report is to convey the complete analysis and comprehensions affecting the white spirits market. To estimate the market value of white spirits, the team has considered FY 2018 as the base year, and market values have been evaluated keeping in mind the trends, driving factors, and important developments by key market participants. The compound annual growth rate (CAGR) for white spirits has been derived for the period of 2019 to 2029.

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White spirits are oil-derived complex substances consisting of aliphatic-, alicyclic-, and aromatic-hydrocarbons, with carbon numbers mainly in the range of C7 to C12. They are a clear, colorless, and flammable liquid, with a flash point of approximately 21 – 68?C. White spirits have a density of approximately 0.8 g/ml, slight water solubility, and vapor pressure in the range of 0.3 – 3.0 kPa. They have a distinct odor, with an odor threshold of 0.5 – 5.0 mg/m3 in air, due to their high content of aromatic hydrocarbons.

This global white spirits market report contains over 20 sections that describe market numbers in terms of volume in tons and value in US$ Mn, at the regional and global levels. The first section of the global white spirits market report covers an executive summary that elaborates on the trends being witnessed in the market, from the demand side as well as supply side. The subsequent section covers the global white spirits market introduction, including the market definitions of the segments considered, market taxonomy by product type, grade, application, and region, and other information significant to the market.

In the following section of the global white spirits market report, we have included market viewpoints, including macroeconomic factors, forecast factors, Porter’s analysis, and value chain analysis, along with a list of distributors, manufacturers, and end users. The next section of the global White Spirits market report comprises the global industry analysis by volume and value, along with the regional pricing analysis for North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa. The fifth section of the global white spirits market report includes qualitative as well as quantitative analysis of the white spirits market by every segment of the market.

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The white spirits market report emphasizes on evaluating the market opportunities, and getting a comprehensive understanding of the white spirits market. The white spirits market report particularizes on the regional analysis, market dynamics, market structure, and competition landscape of the white spirits market for the next ten years, i.e. 2019-2029.

Each section of the white spirits market report includes qualitative and quantitative assessment of the market on the basis of historical data or developments and facts and key opinions collected from various end-use industry participants through primary interviews, annual reports_bk_01_01_2020, newsletters, press releases, etc. The report on the global white spirits market includes some of the major players in the white spirits market, such as ExxonMobil Corporation, Royal Dutch Shell Plc., Total S.A., Idemitsu Kosan Co., Ltd., and Neste Oyj, among others.

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White Spirits Market: Research Methodology

The preliminary stage of the research analysis includes product mapping pertaining to the companies involved in the white spirits market, which is necessary for understanding the market scenario. Further, application areas of different products were determined through primary and secondary research. Stages of research involved the counter-validation of data collected the by top-down and bottom-up approach. To analyze the market trends and opportunities for white spirit manufacturers, the global white spirits market has been segmented on the basis of product type, grade, application, and region.

For the analysis of consumption, the team has considered FY 2018 as the base year. Basic data was collected from manufacturers’ annual reports_bk_01_01_2020, newsletters, public reports_bk_01_01_2020 published by government as well as private agencies, World Bank’s sources, Trade Map sources, etc. The collected data was validated through primary research techniques that involved manufacturers, distributors, end-user procurement agencies, and regional representatives. For the final analysis of market data, the team considered demand-side as well as supply-side drivers and trends in various regional markets. The forecast of the market data on the basis of key developments, regional trends, and production-consumption scenario of white spirits has also been presented in the market study.

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