In-Depth Analysis of White Spirit Market 2020 | Report Covers Top Key Players, Regions, Supply and Consumption, Forecast till 2024
The Key purpose of “White Spirit Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. White Spirit market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.
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White Spirit Market Covers Key Players:
The White Spirit Market Report Includes:
- The White Spirit market report covers the present status and future prospects.
- The report analyses market trends, size, and forecast in different geographically.
- The report provides market competition overview among the Top companies.
- The report provides a complete analysis of the current and emerging market trends and opportunities.
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Scope of the Report:
Key Market Trends:
Growing Demand from Cleansing and Degreasing Agent Application
– White spirit is a very effective cleansing agent. It is a potent solution, known for its versatility and effectiveness.
– It can be used as a solvent to erase slip-ups, while painting. It can also be used to dissolve gum and resins stuck on clothing or carpets.
– It is commonly used in the automobile industry, where it acts as a cleaning agent for car parts or heavy machinery.
– It can eat away the toughest grease and chemical stains. Even dried paint, which thickens, can be dissolved and easily removed with white spirit. In addition, white spirit can cleanse and polish wooden furniture or floors.
– With the increasing industrial activities and rising hygienic requirements, the usage of cleaning agents is expected to increase. This, in turn, is expected to increase the demand for the white spirit market, during the forecast period.
Germany to Dominate the Demand in Europe
– Germany is one of the primary consumers of white spirit in Europe. The market for the white spirit in Germany is expected to register a significant CAGR, during the forecast period.
– In Europe, about 60% of the total white spirit consumption is used in paints, lacquers, and varnishes.
– White spirit is the most widely used solvent in the paint industry. In households, white spirit is commonly used to clean paint brushes after use.
– The paints and coatings industry in Germany is expected to experience high demand during the forecast period, especially due to the increase in the demand for decorative coating.
– The country is home to about 300 coatings, paints, and printing ink producing companies, consisting of both small- and medium-sized companies, who collectively employ over 25,000 citizens. Owing to the rising demand for paint thinners and cleaning agents for household needs, the market is expected to rise with the support of the paints and coatings industry.
– Furthermore, countries, such as the United Kingdom and France have also been contributing to the growth of the market studied. This is expected to further drive the demand for the white spirit market over the forecast period.
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Important Questions Answered in The White Spirit Market Report:
- What is the main factor that takes this market to the next level?
- What will the market demand and what will be growth?
- What are the latest opportunities for the White Spirit Market in the future?
- What are the strengths of the main players?
- What is the key to the White Spirit Market?
Detailed TOC of White Spirit Market Report 2020-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Increasing Demand from the Paints and Coatings Industry
4.1.2 Other Drivers
4.2.1 Toxic and Hazardous in Nature
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1.1 Low-flash Grade
5.1.2 Regular-flash Grade
5.1.3 High-flash Grade
5.2.1 Paint Thinner
5.2.2 Cleansing and Degreasing Agent
5.2.4 Other Applications
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.3.2 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Al Sanea
6.4.3 DHC Solvent Chemie GmbH
6.4.4 Exxon Mobil Corporation
6.4.5 Ganga Rasayanie P. Ltd
6.4.6 HCS Group
6.4.7 Kapco Petroleum Industries FZC
6.4.8 KH Chemicals
6.4.12 PT Pertamina
6.4.13 Royal Dutch Shell PLC
6.4.14 STOCKMEIER Gruppe
6.4.15 Total SA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Customization of Products More Specific to Application
7.2 Other Opportunities
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