Definition of Market/Industry:

White spirit is also referred to as mineral turpentine, is a petroleum-based clear liquid that is used as an organic solvent in paint industry. White spirit consists of alicyclic-, aliphatic-, and aromatic-hydrocarbons with carbon numbers ranging from C7 to C12. They are mainly used as a paint thinner and as a solvent for extraction, degreasing, and cleaning the machine components. It is an inexpensive petroleum-derived substitute for the vegetable-based turpentine. It is less flammable and less toxic and is also used to thin inks for making mono-prints.

The global white spirits market was valued at US$ 10,224.2 Mn in 2018 and is anticipated to reach US$ 13,647.5 Mn by the end of 2027, growing at a CAGR of 3.2% during the forecast period (2019 to 2027).

Drivers

Strong economic growth and changing demographics across major countries such as Brazil, Russia, China, and India is expected to propel the demand for white spirit. Moreover, the development of infrastructure across the developing region coupled with the growing demand for white spirit from the automotive industry is another major factor projected to fuel the market growth of the white spirit. Furthermore, the rising number of the manufacturing industry around the globe is also expected to foster the market growth of white spirit over the forecast period.

Growing demand for the white spirit as a turpentine substitute as it is an inexpensive petroleum-derived product commonly used as a paint thinner for oil-based paint and cleaning brushes is expected to fuel the market growth of white spirit. Moreover, rising demand for white spirit from artists since it is less flammable and comparatively less toxic is also projected to foster the market growth of white spirit over the forecast period. Furthermore, it is also preferred by end-user because it doesn't contain any residual sulfur.

Figure 1. Global White Spirits Market Share, By Region, 2018

White Spirits  | Coherent Market Insights

 

Middle East and Africa region dominated the global white spirits market in 2018, accounting for 31.4% share in terms of value, followed by Asia Pacific and North America, respectively.

Market Restraints

The risk associated with the usage of white spirits as acute exposure can cause central nervous system depression, resulting in a lack of coordination are expected to hinder the market growth. Moreover, exposure to white spirits can also create narcotic effects such as drowsiness, dizziness, nausea, etc. Hence, such side-effects associated with the usage of white spirits is expected to restrict market growth.

Growing demand for the bio-based product is expected to curb the market growth of the white spirit over the forecast period. Crude oil-based solvents such as white spirits are a key component of paints, coatings, and inks. However, these solvent-based paints, coatings, and inks, release a high amount of VOCs as compared to other bio-based alternatives due to which most of the manufacturers are focusing on introducing a bio-based white spirit. Hence, growing demand for bio-based white spirit is expected to restrict market growth.

Market Opportunities

The rising launch of new and innovative products in the white spirit is expected to fuel market growth over the forecast period. For instance, in October 2017, THAI Beverage Plc (ThaiBev), Thailand’s biggest beverage and food conglomerate, announced the launch of a new white spirit product – Ruang Khao Silver – to tap core white spirit markets in Myanmar, Vietnam and the Philippines. Hence, the increasing launch of a new and innovative product is projected to fuel market growth.

Ongoing urbanization, increasing population, and rising per capita income of the consumers are some of the other important factors fueling the market in the Asia Pacific. According to the Economic Times, the per capita net national income of India during 2017-18 is estimated to be Rs 1, 11,782 showing a rise of 8.3 percent as compared to Rs 1, 03,219 during 2016-17 with the growth rate of 9.7 per cent. Hence, the rising per capita income of the individuals in the Asia Pacific region is expected to fuel the market growth. 

Figure 2. Global White Spirits Market - Opportunity Analysis

White Spirits  | Coherent Market Insights

Market Trends/Key Takeaways

Expanding chemical industry is another major factor that is expected to propel the product demand over the forecast period. According to the KPMG, the Asia chemical industry is the world leader in terms of ethylene production. More than 30 million ton of production comes from Asia, compared to the 25.3 million tons which originate from the United States. Hence, expanding chemical industry is expected to fuel market growth.

The rising production of automobiles in the U.S region is expected to foster market growth over the forecast period. In 2018, the U.S. automotive industry contributed 2.7% to U.S. gross domestic product. That's $545.4 billion out of the total $20.5 trillion produced. Of that, $327.1 billion was auto manufacturing and $218.3 billion was vehicle retail sales. The white spirit has a wide range of applications in the automotive industry.

Figure 3. Global White Spirits Market Share, By Grade, 2018

White Spirits  | Coherent Market Insights

Based on grade white spirits market is segregated into low flash grade, regular flash grade, and high flash grade. Wherein, in 2018, regular flash grade segment accounted for the revenue share of 58.6% in the global white spirits market, followed by high flash grade and low flash grade.

Figure 4. Global White Spirits Market – Value Chain Analysis

White Spirits  | Coherent Market Insights

Regulations

In 2007, the Scientific Committee on Occupational Exposure Limits (SCOEL) proposed the following value as recommended occupational limit value for white spirits: 20 ppm (116 mg/m³) as 8 h average level, 50 ppm (290 mg/m³) as 15 min short-term exposure limit (STEL) level.

Competitive Section:

Company Names 

Players active in the market are ExxonMobil Corporation, Royal Dutch Shell Plc, Total S.A., Idemitsu Kosan Co., Ltd., Compañía Española de Petróleos, S.A.U. (CEPSA), Neste Oyj, Haltermann Carless Deutschland GmbH, DHC Solvent Chemie GmbH, Al Sanea Chemical Products, and GSB Chemical Co. Pty. Ltd.

Few Recent Developments

Total S.A.

  • In June 2015, Total S.A. signed a collaborative agreement with Neste Oyj for the supply of renewable isoalkane used as feedstock by the former for the production of bio-based solvents. These solvents are meant for applications in paints and coatings, drilling, printing inks, cosmetics, and industrial fluids.

White spirits are also known as mineral spirits, varsol, and petroleum spirits derived from petroleum. It is used as common organic solvent in paints, aerosols, varnishes, asphalt products, lacquers, wood preservatives, and for cleaning & degreasing machine parts. In Europe, 60% of the total white spirits consumption is utilized for varnishes, paints, and lacquers. It is majorly used as solvent in paint industry. Furthermore, white spirits is commonly used to clean paint brushes in residential applications. The growth of end-use industries including paint industry is projected to boost the demand for white spirits over the forth coming years.

Market Dynamics

Based on application, white spirits market is segmented into paint thinner, cleansing solvent, degreasing solvent, fuel, disinfectant, others. Wherein, paint thinner segment dominated global white spirits market in 2018 and contributed for 54.9% in terms of revenue in the same year, followed by cleansing solvent and degreasing application. Moreover, paint thinner application is predicted to record fastest growth of 6.6% during the forecast period (2019 to 2027).

On the basis of region, Middle East & Africa accounted for the largest share, in terms of revenue in 2018 and contributed for 31.4% in 2018, followed by Asia Pacific and North America. Moreover, Middle East & Africa is anticipated to record fastest growth in terms of revenue in the global white spirits market during the forecast period (2019 to 2027).

Key features of the study:

  • This report provides in-depth analysis of white spirits and provides market size (US$ Mn and Thousand Metric Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global White Spirits market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include ExxonMobil Corporation, Royal Dutch Shell Plc, Total S.A., Idemitsu Kosan Co., Ltd., Compañía Española de Petróleos, S.A.U. (CEPSA), Neste Oyj, Haltermann Carless Deutschland GmbH, DHC Solvent Chemie GmbH, Al Sanea Chemical Products, and GSB Chemical Co. Pty. Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up gradation, market expansion, and marketing tactics
  • The global White Spirits market report caters to various stakeholders in this industry including investors, suppliers, White Spirits manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the White Spirits market

Detailed Segmentation:

  • Global White Spirits Market, By Application:
    • Type 1
    • Type 2
    • Type 3
    • Type 0
  • Global White Spirits Market, By Grade:
    • Low Flash Grade
    • Regular Flash Grade
    • High Flash Grade
  • Global White Spirits Market, By Application:
    • Paint Thinner
    • Cleansing Solvent
    • Degreasing Solvent
    • Fuel
    • Disinfectant
    • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
  • Global White Spirits Market, By Geography:
    • North America
      • U.S.
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Canada
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
    • Latin America
      • Brazil
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Mexico
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Rest of Latin America
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
    • Europe
      • Germany
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • U.K.
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • France
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Spain
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Italy
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Russia
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Rest of Europe
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
    • Asia Pacific
      • China
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • India
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • ASEAN
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Oceania
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Japan
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Rest of Asia Pacific
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
    • Middle East & Africa
      • GCC
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • South Africa
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Turkey
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
      • Rest of Middle East & Africa
        • By Application:
          • Type 1
          • Type 2
          • Type 3
          • Type 0
        • By Grade:
          • Low Flash Grade
          • Regular Flash Grade
          • High Flash Grade
        • By Application:
          • Paint Thinner
          • Cleansing Solvent
          • Degreasing Solvent
          • Fuel
          • Disinfectant
          • Others (Additives in Oil & Lubricants, Cutting Fluid, etc.)
  • Company Profiles
    • ExxonMobil Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Royal Dutch Shell Plc
    • Total S.A.
    • Idemitsu Kosan Co., Ltd.
    • Compañía Española de Petróleos, S.A.U. (CEPSA)
    • Neste Oyj
    • Haltermann Carless Deutschland GmbH
    • DHC Solvent Chemie GmbH
    • Al Sanea Chemical Products
    • GSB Chemical Co. Pty. Ltd.

 “*” marked represents similar segmentation in others categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Grade
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global White Spirits Market, By Product Type, 2017 - 2027 (US$ Million & Thousand Metric Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Type 1
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
    • Type 2
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
    • Type 3
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
    • Type 0
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
  5. Global White Spirits Market, By Grade, 2017 - 2027 (US$ Million & Thousand Metric Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Low Flash Grade
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
    • Regular Flash Grade
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
    • High Flash Grade
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
  6. Global White Spirits Market, By Application, 2017 - 2027 (US$ Million & Thousand Metric Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Paint Thinner
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
    • Cleansing Solvent
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
    • Degreasing Solvent
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
    • Fuel
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
    • Disinfectant
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Thousand Metric Tons)
  7. Global White Spirits Market, By Region, 2017- 2027 (US$ Million & Thousand Metric Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Oceania
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Turkey
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
        • Rest of Middle East & Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Grade, 2017- 2027 (US$ Million & Thousand Metric Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Metric Tons)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • ExxonMobil Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Royal Dutch Shell Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Total S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Idemitsu Kosan Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Compañía Española de Petróleos, S.A.U. (CEPSA)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Neste Oyj
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Haltermann Carless Deutschland GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DHC Solvent Chemie GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Al Sanea Chemical Products
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • GSB Chemical Co. Pty. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "White Spirits Market” - Global forecast to 2027.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users