White Spirit Market Demand, Status and Global Briefing 2021 to 2026

The white spirit market is expected to register a CAGR of over 5% during the forecast period. The Global White Spirit Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

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Key Market Players:

Al Sanea, Cepsa, DHC Solvent Chemie GmbH, Exxon Mobil Corporation, Ganga Rasayanie P. Ltd, HCS Group, Kapco Petroleum Industries FZC, KH Chemicals, KIF, Neste, PMPI, PT Pertamina, Royal Dutch Shell PLC, STOCKMEIER Gruppe, Total SA and Other

Key Market Trends

Growing Demand from Cleansing and Degreasing Agent Application

- White spirit is a very effective cleansing agent. It is a potent solution, known for its versatility and effectiveness.
- It can be used as a solvent to erase slip-ups, while painting. It can also be used to dissolve gum and resins stuck on clothing or carpets.
- It is commonly used in the automobile industry, where it acts as a cleaning agent for car parts or heavy machinery.
- It can eat away the toughest grease and chemical stains. Even dried paint, which thickens, can be dissolved and easily removed with white spirit. In addition, white spirit can cleanse and polish wooden furniture or floors.
- With the increasing industrial activities and rising hygienic requirements, the usage of cleaning agents is expected to increase. This, in turn, is expected to increase the demand for the white spirit market, during the forecast period.

Germany to Dominate the Demand in Europe

- Germany is one of the primary consumers of white spirit in Europe. The market for the white spirit in Germany is expected to register a significant CAGR, during the forecast period.
- In 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.
- The paints and coatings industry in Germany is expected to experience high demand during the forecast period, especially due to the increase in the demand for decorative coating.
- The country is home to about 300 coatings, paints, and printing ink producing companies, consisting of both small- and medium-sized companies, who collectively employ over 25,000 citizens. Owing to the rising demand for paint thinners and cleaning agents for household needs, the market is expected to rise with the support of the paints and coatings industry.
- Furthermore, countries, such as the United Kingdom and France have also been contributing to the growth of the market studied. This is expected to further drive the demand for the white spirit market over the forecast period.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global White Spirit market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global White Spirit market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global White Spirit market.

Market Segments: This part of the report discusses product type and application segments of the global White Spirit market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches White Spirit used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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