White Spirit Market Worth $8.1 Billion by 2024 - Exclusive Report by MarketsandMarkets™

CHICAGO, Dec. 19, 2019 /PRNewswire/ -- According to the new market research report "White Spirit Market by Type (Type 0, Type 1, Type 2, Type 3), Flash Point, Application (Thinner & Solvent, Fuels, Cleaning Agent, Degreasing Agent), Region (North America, Europe, APAC, Middle East & Africa, South America ) - Global Forecast to 2024", published by MarketsandMarkets™, 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%.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=89295707

Browse in-depth TOC on "White Spirit Market"

150 – Tables
40 – Figures
150 – Pages

View Detailed Table of Content here:

https://www.marketsandmarkets.com/Market-Reports/white-spirit-market-89295707.html

Type 2 is expected to be the larger type segment of the white spirit market.

Type 2 white spirit, also known as solvent extracted, is a combination of hydrocarbons, which is obtained as a raffinate from the solvent extraction process. Type 2 mainly consists of aliphatic hydrocarbon in between the range of C7-C12 with a boiling point in the range of 90-230°C. The maximum amount of aromatic content in this type is not more than 5% by weight.

The demand for type 2 white spirit is driven mainly by the growing demand from the paint & coating, adhesive, and cleaning chemical manufacturers. The increasing consumption of these compounds in the various end-use industries, such as automotive, construction, composites, and chemicals, is another important factor driving the high demand for type 2 white spirit.

The high flash point segment in the white spirit is expected to register the highest CAGR during the forecast period.

Flash point of any solvent is the temperature at which it ignites. A high flash point is an ideal state for any hydrocarbon as it caters to a larger set of end-use applications as compared to low and medium flash points. High flash point liquids ignite less easily as compared to the other types that reduces the risk of any accidents and make the storage of the product easier.

Request Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=89295707 

APAC accounts for the largest share in terms of volume of the 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 has led to the construction of new residential and commercial buildings, and this is expected to increase in the future. The growth of the construction industry is fueling the paints & coatings demand in these regions, which will directly have an impact on the demand for white spirit. Hence, it is the largest, as well as the fastest-growing region in the White Spirit Market.

Royal Dutch Shell (The Netherlands), Total S.A (France), ExxonMobil (US), Idemitsu Kosan Co. Ltd (Japan), Bharat Petroleum Corporation Limited (India), Indian Oil Corporation Limited (India), and ThaiOil Company (Japan).

Bundle Reports:

Biodiesel Market
Automotive Adhesives Market
Cenospheres Market
Aliphatic Solvents Thinners Market
Alcohol Ingredients Market

Get Special Pricing on Bundle Reports:https://www.marketsandmarkets.com/RequestBundleReport.asp?id=89295707

Browse Adjacent Markets: Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting

Related Reports:

Industrial Cleaning Market by Ingredient Type (Surfactant, Solvent, Chelating Agent), Product Type (General and Metal Cleaners), Application (Manufacturing & Commercial Offices, Healthcare, Retail & Foodservice), Region - Global Forecast to 2024

Metal Cleaning Chemicals Market by Type (Aqueous & Solvent), by Metal Type (Steel, Aluminum, Copper Alloys & Others), by Region - Global Trends & Forecasts to 2020

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/white-spirit-market.asp 
Visit Our Website: https://www.marketsandmarkets.com 
Content Source: https://www.marketsandmarkets.com/PressReleases/white-spirit.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg