Global White Spirits Market Fueling the Growth Due to Increasing Demand for Paint and Coating by 2023

White spiritMarket

White spirit or mineral spirits (US, Canada), also known as mineral turpentine (AU/NZ), turpentine substitute, petroleum spirits, solvent naphtha (petroleum), Varsol, Stoddard solvent, or, generically, "paint thinner", is a petroleum-derived clear liquid used as a common organic solvent in painting.

A mixture of aliphatic, open-chain or alicyclic C7 to C12 hydrocarbons, white spirit is insoluble in water and is used as an extraction solvent, as a cleaning solvent, as a degreasing solvent and as a solvent in aerosols, paints, wood preservatives, lacquers, varnishes, and asphalt products. In western Europe about 60% of the total white spirit consumption is used in paints, lacquers and varnishes. White spirit is the most widely used solvent in the paint industry. In households, white spirit is commonly used to clean paint brushes after use, to clean auto parts and tools, as a starter fluid for charcoal grills, to remove adhesive residue from non-porous surfaces, and many other common tasks.

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Key players
The report also profiles some of the major players functioning in the Global White Spirits Market, on the basis of various factors such as the company overview, revenue, product offering (s), key development (s), business strategies, Porter’s five forces analysis, and SWOT analysis. Some of the major players profiled in this report include Wuliangye, Kweichow Moutai Group, Yanghe Brewery, Daohuaxiang, Luzhou Laojiao, Langjiu Group, Gujing Group, Shunxin Holdings, Fen Chiew Group, Baiyunbian Group, Xifeng Liquor, Hetao Group, Yingjia Group, Kouzi Liquor, Guojing Group, King's Luck Brewery, Jingzhi Liquor, Red Star, Laobaigan, JNC Group 

Market Scenario:

The global white spirits market is driven by the growing demand for white spirits in the paints & coatings industry, modest jet kerosene prices, and high demand for white spirits as a turpentine substitute. In addition, shift in consumer focus towards low aromatic white spirits and increasing inclination of companies to shift their manufacturing base in the Asia-Pacific region are expected to provide lucrative opportunities for the market growth. However, hazardous nature, and toxicity concerns related to white spirits are expected to hinder the market growth in the near future.

White Spirits Market Segmentation
The White Spirits market is segmented based on Application & product type. Market by Type, Thick-flavor, Sauce-flavor, Light-flavor, Others, Market by Application, Corporate hospitality, Government Reception, Family dinner, Others

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