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$ 10,551.3 Mn in 2019 and is predicted to reach US$ 13,575.2 Mn by the end of 2027, growing at a CAGR of 3.2% during the forecast period (2020 to 2027).

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

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Major Keyplayers: 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.

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