White Spirit Market
White Spirit Market Study by Low Flash Point, Regular Flash Point, and High Flash Point for Paint Thinners, Solvent Extraction, Cleaning Solvents, and Degreasing Solvents from 2024 to 2034
Analysis of White Spirit Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
White Spirit Market Outlook (2024 to 2034)
According to a new industry report released by Fact.MR, revenue from the global white spirit market is estimated at US$ 7.56 billion in 2024 and has been forecasted to increase at a CAGR of 4.2% to climb to US$ 11.4 billion by the end of 2034.
The white spirit market size is expanding steadily due to the continuous expansion of important end-use industries such as industrial cleaning, paints & coatings, automobiles, and others. Growing construction and infrastructural activities in various countries are boosting the need for paints and coatings, with white spirit as a solvent. Other than this the expansion of the automobile industry, especially in countries such as Japan, the United States, South Korea, and others, is driving the requirement for white spirit in applications involving cleaning and degreasing.
White spirit works well as a solvent in industrial settings to clean machinery and equipment to get rid of oils, grease, and other impurities. It is widely used in industries including manufacturing and oil and gas, where recurring cleaning and maintenance are necessary to guarantee equipment maintenance and minimize malfunctions. White spirit is extensively used in industrial cleaning and maintenance procedures due to the constant need for routine maintenance in these sectors.
Key Market Growth Drivers
- A key factor driving overall white spirit market growth is its increasing utilization in the paints and coatings industry. White spirit is more in demand because of the rising number of construction and infrastructural projects in several countries where paints and coatings are widely required.
- Use of white spirit is increasing in the automotive industry to clean and degrease car parts.
- Because white spirit dissolves oils and greases well, it is becoming a common product in household cleaning solutions.
- White spirit is widely used to clean machines and other equipment in industrial settings.
- Requirement for white spirit is continuously rising for cleaning and maintenance purposes in various industries such as manufacturing, automotive, oil & gas, and others.
- White spirit is a solvent used by the chemical industry to produce different chemical compositions. The market for white spirit is benefiting from the expansion of the chemical industry and rising chemical manufacturing activities.
- A key white spirit market trend is increasing advancements in formulations to improve performance and lessen environmental effects.
- White spirit variants that are low-odor and environment-friendly are gaining popularity across the world because of the increasingly strict regulations in several countries.
- Continuously growing construction sector in several countries due to growing real-estate and infrastructural projects is boosting the demand for white spirit for application in cleaning and paint thinning.
| Report Attribute | Detail |
|---|---|
| White Spirit Market Size (2024E) | US$ 7.56 Billion |
| Forecasted Market Value (2034F) | US$ 11.4 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.2% CAGR |
| East Asia Market Share (2024E) | 36.5% |
| North America Market Value (2024E) | US$ 2.16 Billion |
| Type 2 Segment Value (2034F) | US$ 2.71 Billion |
| Key Companies Profiled | Bharat Petroleum Corporation Limited; Royal Dutch Shell; Indian Oil Corporation Limited; ThaiOil Company; Idemitsu Kosan Co. Ltd.; ExxonMobile Corporation; Neste; DHC Solvent Chemie GmbH; GSB Chemical Co. Pty. Ltd.; Haltermann Carless Deutschlan GmbH; Rahaoil Inc.,; Alshall Internation Co. |
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Why is Global White Spirit Consumption Increasing Steadily?
“Growing Construction and Infrastructural Developments in Several Countries”
White spirit is a solvent that is widely used in the paint & coating industry because it works well for thinning paint and cleaning equipment. Growing construction and infrastructural development projects in various countries are boosting the need for paints and coating which is further contributing to white spirit sales growth. White spirit is well-known for its ability to dissolve greases and oils, because of this it is increasingly seen in household cleaning products. It is gaining popularity as a cleaning solution as can remove grime, residues, and stubborn stains with ease.
Other than this, white spirit use is increasing in the automotive industry because of its usefulness and effectiveness in cleaning oil, grease, and contaminants from car surfaces. White spirit is used to clean mechanical parts, engines, and the outside of cars. It also dissolves stubborn dirt.
Which Factor is Creating Problems for White Spirit Producers?
“Fierce Competition with Other Alternative Cleaning Agents and Solvents”
The market for white spirits is being hampered by the fierce competition from other alternative solvents and cleaning agents such as water-based solutions and low- or non-VOC products. Demand for them is increasing due to their advantages for the environment and human health such as lower emissions and decreased toxicity. Environmentally friendly and less hazardous products are becoming more preferred because increasingly strict regulations in various countries and industries favor of safer and more sustainable solutions. The growing popularity of other alternative solutions is hampering the sales growth of white spirits.
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Country-wise Insights
East Asia is poised to hold a leading position with 36.5% of the global white spirit market share in 2024. Large manufacturing capacity and ongoing infrastructural activities in countries such as China, Japan, and South Korea are driving the market expansion in the country. The North American region is projected to account for 28.6% of worldwide market share in 2024. Demand for white spirit increasing in North America due to its well-established automotive and industrial sectors.
Why is Need for White Spirit Increasing in the Automotive Industry in the United States?
"Use of White Spirit to Effectively Clean Automotive Parts"
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.63 Billion |
| Growth Rate (2024 to 2034) | 4.3% CAGR |
| Projected Value (2034F) | US$ 2.49 Billion |
The United States automotive industry is playing a significant role in pushing the demand for white spirit as these chemicals are an integral part and are employed in cleaning and degreasing the various automotive parts. Automotive manufacturers use these spirits to remove grease, oil, and other unwanted particles from car components to make sure they meet strict quality and working standards.
This solvent is also proving to be very effective in the maintenance and repair sectors, where again they help in cleaning parts to ensure smooth operations and prevent malfunction during any operational activities. As the automotive market reaches new heights, the requirement for white spirit is poised to increase for steady production and repair activities.
What is the Demand Outlook for White Spirit in Japan?
"Established Electronic Industry Using White Spirit for Electronic Parts"
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 734.9 Million |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 1.24 Billion |
Japan is known for its electronic industry prominence around the world with key players such as Samsung and Hitachi, these companies indulge in the production of electronic items including mobile phones and televisions. This has given a decent boost to the sales of white spirit as it is proven to be very effective in disinfecting the parts without any short circuits or other defects. Electronic parts require a very careful cleaning as one mistake can lead to a total failure, as a result, manufacturers are trusting white spirit compared to other chemicals available in the market. Added to this their easy availability of them is also a key factor in propelling the demand for white spirits around the country.
Category-wise Insights
Based on grade, the market is segmented into low flash point, regular flash point, and high flash point. Compared to other grades, low flash point white spirit is in high demand because of its improved performance and safety properties. White spirit with a low flash point is appropriate for uses that require safer handling and a lesser danger of fire because of its lower temperature of ignition.
Why is Demand for Type 2 White Spirit Higher Compared to Other Products?
“Low Evaporation Rate and Excellent Drying Time”
| Attribute | Type 2 |
|---|---|
| Segment Value (2024E) | US$ 2.39 Billion |
| Growth Rate (2024 to 2034) | 4.5% CAGR |
| Projected Value (2034F) | US$ 3.71 Billion |
A mixture of hydrocarbons, type 2 white spirit, also referred to as solvent extracted, is produced as a raffinate during the solvent extraction procedure. Demand for type 2 is high compared to other white spirit products due to its rising use in paint & coating, adhesives, cleaning chemicals, and others. Because of its low evaporation rate, resulting in the best drying times for various paints & coatings, it is favored by both the consumer and industrial sectors.
In addition to having strong solvency power, Type 2 white spirit can dissolve oils, greases, and resins, an important ability for cleaning and degreasing applications. Another significant aspect contributing to the increasing demand for type 2 white spirits is the rising consumption of these compounds in several end-use industries such as chemicals, composites, automotive, and construction.
Why is Application of White Spirit Growing in Paint Thinners?
“Facilitates Better Flow, Consistency, and Application of Paint”
White spirit is widely used in paint thinner because of how well it works to change the consistency, flow, and application of paint. White spirit is an extremely adaptable solvent that aids in decreasing paint viscosity, which facilitates the application and equal distribution of paint on surfaces. Better coverage and a smoother finish are the outcomes of this. Furthermore, white spirit evaporates quickly, which aids in boosting paint drying times.
Another reason behind the growing use of white spirit in paint thinner is the growing demand for professional-grade finishes in both residential and commercial painting projects.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
To meet the growing demand for products that are safe for the environment, key players in the white spirit market are focusing on creating new formulations, such as versions that are eco-friendly and low in volatile organic compounds (VOCs).
- In July 2022, ExxonMobil presented its corporate plan spanning five years. A large portion of the increased funding will go into reducing emissions and acquiring lower-emission initiatives, such as its Low Carbon Solutions company. The business plan calls for raising lower-emissions investments to about US$ 17 billion by 2027 while keeping annual capital expenditures at US$ 20 to 25 billion.
Fact.MR provides detailed information about the price points of key manufacturers of white spirits positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.
Segmentation of White Spirit Market Research
-
By Type :
- Type 0
- Type 1
- Type 2
- Type 3
-
By Grade :
- Low Flash Point
- Regular Flash Point
- High Flash Point
-
By Application :
- Paint Thinners
- Solvent Extraction
- Cleaning Solvents
- Degreasing Solvents
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Type 6.2. Grade 6.3. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type 7.1. Type 0 7.2. Type 1 7.3. Type 2 7.4. Type 3 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Grade 8.1. Low Flash Point 8.2. Regular Flash Point 8.3. High Flash Point 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 9.1. Paint Thinners 9.2. Solvent Extraction 9.3. Cleaning Solvents 9.4. Degreasing Solvents 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Type, Grade, Application, and Region for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Bharat Petroleum Corporation Limited 20.2. Royal Dutch Shell 20.3. Indian Oil Corporation Limited 20.4. ThaiOil Company 20.5. Idemitsu Kosan Co. Ltd. 20.6. ExxonMobile Corporation 20.7. Neste 20.8. DHC Solvent Chemie GmbH 20.9. GSB Chemical Co. Pty. Ltd. 20.10. Haltermann Carless Deutschlan GmbH 20.11. Rahaoil Inc., 20.12. Alshall Internation Co. 21. Assumptions and Acronyms Typed 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by Type, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by Type, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by Type, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by Type, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by Type, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by Application, 2024 to 2034
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- FAQs -
How big is the white spirit market in 2024?
The global white spirit market is forecasted to reach US$ 7.56 billion in 2024.
What are the projections for the white spirit market by 2034?
Worldwide sales of white spirits are projected to reach US$ 11.4 billion by 2034-end.
At what rate is the demand for white spirit projected to increase?
Demand for white spirits is forecasted to rise at 4.2% CAGR through 2034.
Who are the leading manufacturers of white spirits?
Top manufacturers of white spirits are Royal Dutch Shell, IOC Limited, ThaiOil Company, ExxonMobile Corporation, and Neste.
Which product type accounts for a higher market share?
Type 2 is projected to account for 31.7% of the worldwide market share in 2024.
What is the market scenario for white spirits in South Korea?
The market in South Korea is forecasted to reach a value of US$ 277 million by the end of 2034.
Which region is projected to hold a high share of the global market?
East Asia is forecasted to account for 38.4% of the global market share by 2034.
White Spirit Market