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Report
Global White Spirits Market Forecast 2023-2032
Market Report I 2023-02-04 I 228 Pages I Inkwood Research
KEY FINDINGS
The global white spirits market is expected to record a CAGR of 5.75% during the forecast period, 2023-2032. The market growth is accredited to the surging need for cleaning & degreasing chemicals, favorable government initiatives, enhanced economic conditions, demographic shifts, and the flourishing automotive industry. Health hazards and the availability of substitutes hinder market growth.
MARKET INSIGHTS
White spirits are petroleum-derived clear liquids used as organic solvents in paints. One of the key growth drivers of the global white spirits market is the growing demand for cleaning & degreasing chemicals. These chemicals are used for maintaining cleanliness in machinery, industrial facilities, houses, and offices. Accordingly, safety measures are necessary since the task of cleaning heavy machinery entails several challenges. As a result, the rising awareness regarding the significance of good health & hygiene, increasing demands from different applications, and safety liabilities propel the demand for cleaning & degreasing solvents. Moreover, the huge demands for green & bio-based chemicals and strict government regulations for environmental protection offer growth opportunities for cleaning & degreasing solvents.
REGIONAL INSIGHTS
The global white spirits market growth assessment includes the geographical evaluation of North America, Europe, Asia-Pacific, and Rest of World. Asia-Pacific is the fastest-growing and largest revenue-generating region in the global market, attributed to the thriving automotive and construction industries.
COMPETITIVE INSIGHTS
Some of the prominent companies in the market include Cepsa, ExxonMobil Corporation, DHC Solvent Chemie GmbH, HCS Group, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. THRIVING AUTOMOTIVE INDUSTRY
3.1.2. ESCALATING NEED FOR CLEANING AND DEGREASING CHEMICALS
3.1.3. DEMOGRAPHIC SHIFTS AND IMPROVED ECONOMIC CONDITIONS
3.1.4. GOVERNMENT INITIATIVES
3.2. KEY RESTRAINTS
3.2.1. HEALTH HAZARDS
3.2.2. AVAILABILITY OF SUBSTITUTES
4. KEY ANALYTICS
4.1. IMPACT OF COVID-19 ON WHITE SPIRITS MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. KEY BUYING CRITERIA
4.7. REGULATORY FRAMEWORK
5. MARKET BY PRODUCT TYPE
5.1. TYPE 0 (DISTILLATION FRACTION WITH NO FURTHER TREATMENT)
5.2. TYPE 1 (HYDRODESULFURIZATION)
5.3. TYPE 2 (SOLVENT EXTRACTION)
5.4. TYPE 3 (HYDROGENATION)
6. MARKET BY GRADE
6.1. LOW FLASH POINT
6.2. REGULAR FLASH POINT
6.3. HIGH FLASH POINT
7. MARKET BY APPLICATION
7.1. PAINT THINNER
7.2. CLEANING SOLVENT
7.3. DEGREASING SOLVENT
7.4. FUEL
7.5. DISINFECTANT
7.6. OTHER APPLICATIONS
8. GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1. MARKET SIZE & ESTIMATES
8.1.2. KEY GROWTH ENABLERS
8.1.3. KEY CHALLENGES
8.1.4. KEY PLAYERS
8.1.5. COUNTRY ANALYSIS
8.1.5.1. UNITED STATES
8.1.5.2. CANADA
8.2. EUROPE
8.2.1. MARKET SIZE & ESTIMATES
8.2.2. KEY GROWTH ENABLERS
8.2.3. KEY CHALLENGES
8.2.4. KEY PLAYERS
8.2.5. COUNTRY ANALYSIS
8.2.5.1. UNITED KINGDOM
8.2.5.2. GERMANY
8.2.5.3. FRANCE
8.2.5.4. ITALY
8.2.5.5. SPAIN
8.2.5.6. REST OF EUROPE
8.3. ASIA-PACIFIC
8.3.1. MARKET SIZE & ESTIMATES
8.3.2. KEY GROWTH ENABLERS
8.3.3. KEY CHALLENGES
8.3.4. KEY PLAYERS
8.3.5. COUNTRY ANALYSIS
8.3.5.1. CHINA
8.3.5.2. JAPAN
8.3.5.3. INDIA
8.3.5.4. SOUTH KOREA
8.3.5.5. AUSTRALIA
8.3.5.6. REST OF ASIA-PACIFIC
8.4. REST OF WORLD
8.4.1. MARKET SIZE & ESTIMATES
8.4.2. KEY GROWTH ENABLERS
8.4.3. KEY CHALLENGES
8.4.4. KEY PLAYERS
8.4.5. REGIONAL ANALYSIS
8.4.5.1. LATIN AMERICA
8.4.5.2. MIDDLE EAST & AFRICA
9. COMPETITIVE LANDSCAPE
9.1. KEY STRATEGIC DEVELOPMENTS
9.1.1. MERGERS & ACQUISITIONS
9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
9.1.3. PARTNERSHIPS & AGREEMENTS
9.1.4. BUSINESS EXPANSIONS & DIVESTITURES
9.2. COMPANY PROFILES
9.2.1. CEPSA
9.2.2. DHC SOLVENT CHEMIE GMBH
9.2.3. EXXONMOBIL CORPORATION
9.2.4. HCS GROUP
9.2.5. IDEMITSU KOSAN CO LTD
9.2.6. KH CHEMICALS
9.2.7. KIF
9.2.8. PMPI
9.2.9. ROYAL DUTCH SHELL PLC
9.2.10. STOCKMEIER GRUPPE
9.2.11. TOTAL SA
LIST OF TABLE S
TABLE 1: MARKET SNAPSHOT - WHITE SPIRITS
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: GLOBAL WHITE SPIRITS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: GLOBAL WHITE SPIRITS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 5: GLOBAL TYPE 0 (DISTILLATION FRACTION WITH NO FURTHER TREATMENT) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: GLOBAL TYPE 0 (DISTILLATION FRACTION WITH NO FURTHER TREATMENT) MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 7: GLOBAL TYPE 1 (HYDRODESULFURIZATION) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: GLOBAL TYPE 1 (HYDRODESULFURIZATION) MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 9: GLOBAL TYPE 2 (SOLVENT EXTRACTION) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: GLOBAL TYPE 2 (SOLVENT EXTRACTION) MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 11: GLOBAL TYPE 3 (HYDROGENATION) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 12: GLOBAL TYPE 3 (HYDROGENATION) MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 13: GLOBAL WHITE SPIRITS MARKET, BY GRADE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 14: GLOBAL WHITE SPIRITS MARKET, BY GRADE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 15: GLOBAL LOW FLASH POINT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 16: GLOBAL LOW FLASH POINT MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 17: GLOBAL REGULAR FLASH POINT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 18: GLOBAL REGULAR FLASH POINT MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 19: GLOBAL HIGH FLASH POINT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 20: GLOBAL HIGH FLASH POINT MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 21: GLOBAL WHITE SPIRITS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 22: GLOBAL WHITE SPIRITS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 23: GLOBAL PAINT THINNER MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 24: GLOBAL PAINT THINNER MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 25: GLOBAL CLEANING SOLVENT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 26: GLOBAL CLEANING SOLVENT MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 27: GLOBAL DEGREASING SOLVENT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 28: GLOBAL DEGREASING SOLVENT MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 29: GLOBAL FUEL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 30: GLOBAL FUEL MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 31: GLOBAL DISINFECTANT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 32: GLOBAL DISINFECTANT MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 33: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 34: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 35: GLOBAL WHITE SPIRITS MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 36: GLOBAL WHITE SPIRITS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 37: NORTH AMERICA WHITE SPIRITS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 38: NORTH AMERICA WHITE SPIRITS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 39: LEADING PLAYERS OPERATING IN NORTH AMERICA WHITE SPIRITS MARKET
TABLE 40: EUROPE WHITE SPIRITS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 41: EUROPE WHITE SPIRITS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 42: LEADING PLAYERS OPERATING IN EUROPE WHITE SPIRITS MARKET
TABLE 43: ASIA-PACIFIC WHITE SPIRITS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 44: ASIA-PACIFIC WHITE SPIRITS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 45: LEADING PLAYERS OPERATING IN ASIA-PACIFIC WHITE SPIRITS MARKET
TABLE 46: REST OF WORLD WHITE SPIRITS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 47: REST OF WORLD WHITE SPIRITS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 48: LEADING PLAYERS OPERATING IN REST OF WORLD WHITE SPIRITS MARKET
TABLE 49: LIST OF MERGERS & ACQUISITIONS
TABLE 50: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 51: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 52: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: GLOBAL WHITE SPIRITS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022
FIGURE 7: GLOBAL WHITE SPIRITS MARKET, BY TYPE 0 (DISTILLATION FRACTION WITH NO FURTHER TREATMENT), 2023-2032 (IN $ MILLION)
FIGURE 8: GLOBAL WHITE SPIRITS MARKET, BY TYPE 1 (HYDRODESULFURIZATION), 2023-2032 (IN $ MILLION)
FIGURE 9: GLOBAL WHITE SPIRITS MARKET, BY TYPE 2 (SOLVENT EXTRACTION), 2023-2032 (IN $ MILLION)
FIGURE 10: GLOBAL WHITE SPIRITS MARKET, BY TYPE 3 (HYDROGENATION), 2023-2032 (IN $ MILLION)
FIGURE 11: GLOBAL WHITE SPIRITS MARKET, GROWTH POTENTIAL, BY GRADE, IN 2022
FIGURE 12: GLOBAL WHITE SPIRITS MARKET, BY LOW FLASH POINT, 2023-2032 (IN $ MILLION)
FIGURE 13: GLOBAL WHITE SPIRITS MARKET, BY REGULAR FLASH POINT, 2023-2032 (IN $ MILLION)
FIGURE 14: GLOBAL WHITE SPIRITS MARKET, BY HIGH FLASH POINT, 2023-2032 (IN $ MILLION)
FIGURE 15: GLOBAL WHITE SPIRITS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 16: GLOBAL WHITE SPIRITS MARKET, BY PAINT THINNER, 2023-2032 (IN $ MILLION)
FIGURE 17: GLOBAL WHITE SPIRITS MARKET, BY CLEANING SOLVENT, 2023-2032 (IN $ MILLION)
FIGURE 18: GLOBAL WHITE SPIRITS MARKET, BY DEGREASING SOLVENT, 2023-2032 (IN $ MILLION)
FIGURE 19: GLOBAL WHITE SPIRITS MARKET, BY FUEL, 2023-2032 (IN $ MILLION)
FIGURE 20: GLOBAL WHITE SPIRITS MARKET, BY DISINFECTANT, 2023-2032 (IN $ MILLION)
FIGURE 21: GLOBAL WHITE SPIRITS MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)
FIGURE 22: NORTH AMERICA WHITE SPIRITS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 23: UNITED STATES WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 24: CANADA WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 25: EUROPE WHITE SPIRITS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 26: UNITED KINGDOM WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 27: GERMANY WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 28: FRANCE WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 29: ITALY WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 30: SPAIN WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 31: REST OF EUROPE WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 32: ASIA-PACIFIC WHITE SPIRITS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 33: CHINA WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 34: JAPAN WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 35: INDIA WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 36: SOUTH KOREA WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 37: AUSTRALIA WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 38: REST OF ASIA-PACIFIC WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 39: REST OF WORLD WHITE SPIRITS MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)
FIGURE 40: LATIN AMERICA WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 41: MIDDLE EAST & AFRICA WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
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