Press release
Mineral Spirits Market 2020 Increasing Demand For Turpentine Substitute Products is Impacting the Growth | Global Players- Royal Dutch Shell; Exxon Mobil Corporation
Mineral Spirits
Global mineral spirits market is expected to register a substantial CAGR of 5.47% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growth in demand for odourless solvents from the paints & coatings market.
Mineral spirit, also commonly known as white spirit is a transparent-liquid extracted from petroleum due to its solvency characteristics. These features ensure its applications as a paint thinner is significantly high as it is insoluble in water, as it is used as a cleaning, extraction and degreasing solvent. There are different grades/types of solvents available; they are segregated based on their production and modification process.
Market Drivers:
• High growth in its applications area as well as increasing demand for turpentine substitute products; this factor is expected to boost the growth of the market
• Growing prevalence of low-manufacturing costs and favourable policies for solvent production from the Asia-Pacific region is expected to drive the growth of the market
• Availability of large-scale manufacturers and players is expected to ensure further innovations and development of product offerings; this factor is expected to drive the growth of the market
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The Mineral Spirits Market competitive landscape provides details by competitor. Details included are organization overview, company financials, revenue generated, Industry potential, investment in research and development, new Mineral Spirits Market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to Mineral Spirits Market.
Major Market Manufacturers Covered In The Mineral Spirits Market Are:
Few of the major competitors currently working in the global mineral spirits market are Royal Dutch Shell; Exxon Mobil Corporation; Cepsa; GSB Chemical Co. Pty. Ltd; Neste; HCS Group; DHC Solvent Chemie GmbH; Al Sanea; Merck KGaA and Recochem Inc. among others.
Global mineral spirits market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of mineral spirits market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Benefits for Mineral Spirits Market:
• The report evaluates the key factors of drivers, restraints, and opportunities enabling strategic decision making with perceptive to identify the potential Market.
• The report evaluates the key factors of drivers, restraints, and opportunities enabling strategic decision making with perceptive to identify the potential Market.
• Basic Industry Overview and Global Market Development Policies and Plans
• Key Market players Profiling and the competitive outlook of the industry.
• Detailed Understanding and evaluation of the Present and Future Trends.
• Extensive analysis of the Market is conducted by following key product positioning and monitoring of the top manufacturers within the Market
Global Mineral Spirits Market Scope and Market Size
By Product Type
• Type 1
• Type 2
• Type 3
• Type 0
By Application
• Paint Thinner
• Extraction Solvent
• Cleaning Solvent
• Degreasing Solvent
• Others
Based on regions, the Mineral Spirits Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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The report covers major aspects:
• Various economic factors that are significant in determining the Mineral Spirits Market trend, buying decisions and Market attractiveness are being analyzed for Market estimation and forecasting.
• The analysis will support stakeholders such as manufacturers and distributors in identifying and capturing Markets with high potential.
• The study also discusses various environmental and regulatory factors critical for the Mineral Spirits Market growth.
Strategic Points Covered in Table of Content of Global Mineral Spirits Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope Mineral Spirits Market
Chapter 2: Exclusive Summary – the basic information of Mineral Spirits Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Analytical Standards
Chapter 4: Presenting Mineral Spirits Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of Mineral Spirits Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Customization of the Report:
Data Bridge Market Research also provides customization options to tailor the reports as per client requirements. This report can be personalized to cater to your research needs. Feel free to get in touch with our sales team, who will ensure that you get a report as per your needs.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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