Global White Spirits Market Report, published by Variant Market Research, forecast that the global market was valued at $5 billion in 2016 and estimated to reach $9 billion by 2024; growing at a CAGR of 6.6% from 2016 to 2024. In geographical segments, Rest of the World (RoW) and Europe are anticipated to grow at a CAGR of 7.8% and 6.8%, respectively, over the forecast period 2016 – 2024.

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Global white spirits market is majorly driven by unpretentious jet kerosene prices, stable demand from the coatings and paints industry, enhanced global economic environment, and the rising demand for white spirits as turpentine alternate. Though, high cost of white spirits may hamper the market growth. Increasing attention about low aromatic white spirits would unfold attractive business opportunities for the market in the coming years.

The global white spirits market has been categorized as application, grades and geography. Application segment includes cleaning solvent, paint thinner, degreasing solvent, fuel, disinfectant, and others. By grade segment, market is further categorized as high flash grade, Regular flash grade, and low flash grade. In 2016, paint thinner was predominant in the application segment with major market share. Regular flash grade segment generated highest revenue in grade segment.

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Based on Geography, the market is bifurcated into North America, Europe, Asia-Pacific and Rest of the world. In 2016, Asia-Pacific held major market share of 36.1% due to the increasing infrastructural improvements in the region. In the Asia-Pacific, the growth of the market would be mostly driven by progress in economic conditions. The second largest region in the market was North America with a total market share of 28.6%. Rest of the World (RoW) is projected to grow at a fastest CAGR of 7.8% over the forecast period 2016-2024.
The major key players operating in the market are ExxonMobil Corporation, Royal Dutch Shell Plc, Total S.A., Idemitsu Kosan Co., Ltd., CEPSA, Neste Oyj, Haltermann Carless, DHC Solvent Chemie, GSB Chemicals, and Al Sanea Chemical Products among others.

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Scope of white spirits Market

Application Segment
• Paint thinner
• Cleaning solvent
• Degreasing solvent
• Fuel
• Disinfectant
• Others

Grade Segment
• Regular flash grade
• High flash grade
• Low flash grade

Geographical Segments
o North America
 US
 Canada
 Mexico

o Europe
 Germany
 France
 United Kingdom
 Spain
 Others

o Asia-Pacific
 China
 India
 Japan
 South Korea
 Others

o RoW
 South America
 Middle East
 Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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