White Spirit Market to Witness Huge Growth by Key Players: Royal Dutch Shell, Total SA, ExxonMobil, Idemitsu Kosan Co. Ltd, Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, ThaiOil Company

Global White Spirit Market 2019-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The white spirit market size is estimated to be USD 6.7 billion in 2019 and projected to reach USD 8.1 billion by 2024, at a CAGR of 4.0%.This report spread across 150 Pages, Profiling 20 Companies and Supported with xx Tables and xx figures are now available in this research.

Top Companies Profiled in the White Spirit Market:
• Dow Inc. (US)
• BASF SE (Germany)
• Wacker Chemie AG(Germany)
• Huntsman Corporation(US)
• Solvay (Belgium)

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The type 3segment is projected to witness a higher growth rate than other types during the forecast period. The demand for type 3 white spirit is driven mainly by the growing demand for low aromatic white spirit from the coating, adhesives, and industrial cleaning chemical manufacturers.

White spirit is an essential ingredient in the manufacturing of solvent-based paints &coatings and is used as a thinner. The main purpose of the white spirit as a thinner is to reduce the viscosity of the paint and provide a slower rate of evaporation. Hence, the paints that are thinned with white spirit dry to a smoother surface and form a leveled coat on the surface it is being applied to.

APAC accounted for the largest share of the global white spirit market. The developing economies of APAC and Middle East & Africa are witnessing an increase in urbanization, increasing middle-class population, and the growing demand for new houses due to the rising number of nuclear families, which has led to the construction of new residential and commercial buildings, which is expected to increase in the future.

Competitive Landscape of White Spirit Market:
1 Introduction
2 New Product Launches
3 Expansion Activities
4 Partnerships, Agreements and Collaborations
5 Mergers and Acquisitions
6 Industry Structure
6.1 Market share/ Capacities of key players/ Operational Growth
6.2 Fragmented market or Consolidated
7 Company Strategies – working/not working OR winners vs losers

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Research Coverage:
This research report categorizes the white spirit market based on type, flash point, application, and region. The report includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the market. A detailed analysis of the key industry players has been done to provide insights into business overviews, products,and key strategies associated with the market.

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This release was published on openPR.