The modern-day document posted via Report Ocean, titled “White Spirits Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global white spirits market was valued at $5,360 million in 2016, and is anticipated to reach $7,671 million, growing at a CAGR of 5.3% from 2017 to 2023. White spirits are substances comprising aliphatic, alicyclic, and aromatic hydrocarbons with carbon numbers in the range of C7 to C12. These are clear, colorless, and flammable liquids with a flash point of approximately 21?C-68?C. These have a density of approximately 0.8 g/ml, slight water solubility, and a vapor pressure in the range of 0.3-3.0 kPa. They have a distinct odor with an odor threshold of 0.5-5.0 mg/m3 in air due to the high content of aromatic hydrocarbons.
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In 2016, Europe and North America were the leading revenue contributors to the global market. In the same year, Asia-Pacific registered the highest growth rate, owing to a substantial rise in the demand for white spirits in infrastructural development.
The global white spirits market is segmented based on product, application, and geography. On the basis of product, it is divided into type 1, type 2, type 3, and type 0. Based on application, it is classified into paint thinner, extraction solvent, cleaning solvent, degreasing solvent, fuel, disinfectant, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY MARKET BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends & future projections and dynamics of the global white spirits market.
In-depth analysis of all regions is conducted by constructing the market estimations for key segments from 2017 to 2023 to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the market scenario across various regions.
Extensive analysis is conducted by following key player positioning and monitoring the top competitors within the market framework.
The major market players are as follows
ExxonMobil Corporation
Royal Dutch Shell Plc.
Total S.A.
Idemitsu Kosan Co., Ltd.
Compa??a Espa?ola de Petr?leos, S.A.U.
Neste Oyj
Haltermann Carless
DHC Solvent Chemie GmbH
Al Sanea Chemical Products
GSB Chemicals
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White Spirits Market Key Segments:
By Product
Type 1
Type 2
Type 3
Type 0
By Application
Paint Thinner
Extraction Solvent
Cleaning Solvent
Degreasing Solvent
Fuel
Disinfectant
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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