White spirit or mineral spirit is a petrochemical solvent comprise of aliphatic, acyclic, and aromatic hydrocarbons with a boiling assortment varying between 65-230°C. Other mutual names of white spirits are mineral turpentine, turpentine substitute, petroleum spirits, solvent naphtha (petroleum), several and Stoddard solvent. White spirit is a vibrant colourless and flammable liquid insoluble in water. White spirits are of four types characterized on the basis of their aromatic content- Type 1, Type 2, Type 3, and Type 0. White spirit is used in a wide variety of applications such as cleaning agents, extraction solvent, degreasing solvent, paint thinners, varnishes, printing inks, waxes, and disinfectants. White spirit is principally utilized in households to clean paint brushes or thin paint.
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According to the report analysis, ‘White Spirit Market by Type (Type 0, Type 1, Type 2, Type 3 and Type 4); By Flash Point (Low, Medium, High); By Application (Thinner & Solvent, Cleansing and Degreasing Agent, Disinfectant, and Other); and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that Global White Spirit market is projected to grow owing to its increasing demand for painting and coatings from several end-user industries. Additionally, increasing demand from cleansing and degreasing agent application is projected to boost the market for white spirits during the near future. With the existence of a wide range of applications, white spirit is prominent which is probable to support in the market growth of white spirits.
Global White Spirit Market: Key Players
- Royal Dutch Shell
- Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.
- Total SA
- Exxon Mobil Corporation
- Idemitsu Kosan Co. Ltd
- Bharat Petroleum Corporation Limited
- Indian Oil Corporation Limited
- ThaiOil Company
- DHC Solvent Chemie GmbH.
- Other Prominent Players
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White spirit is expended as a cleansing agent owing to its versatility and efficiency. It can be used as a solvent to eradicate slip-ups while painting. White spirit is principally utilized in the automobile industry as cleaning agents for car parts or heavy machinery. It helps in removing the toughest grease and chemical stains. In addition, the utilized of cleaning agents is projected to rise due to the growing industrial activities and rising hygienic requirement. This, in turn, is projected to outpouring the demand for white spirit.
Furthermore, the white spirits are majorly utilized in the paints and coating industry as they are proficient as a synesthetic paint thinner. White spirit may be existing as a minor component of water-based paints. With the growing paints and coating industry, the worldwide white spirit market is expected to boost during the coming years.
Global White Spirit market is classified based on regional analysis into five foremost regions. These comprise North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa. Global White Spirit market in North America controlled the largest market share of XX.X% during the year 2019. Asia Pacific will endure to dominate the worldwide White Spirit market due to increasing urbanization and industrialization in this region, which is projected to fuel the requirement for the white spirit. Additionally, owing to the mounting requirement for paint thinners and cleaning agents for household demands, the market is projected to augment in the coming years. Therefore, in the near years, it is predicted that the market of white spirit will increase around the globe more effectively over the near years.
Global White Spirit market report also contains analysis on:
White Spirit Market Segments:
- By Product Type
- Type 0
- Type 1
- Type 2
- Type 3
- Type 4
- By Flash Point
- By Application
- Thinner & Solvent
- Cleansing and Degreasing Agent
- Global White Spirit market Dynamics
- Global White Spirit market size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
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