화이트 스피릿 시장 : 유형, 인화점, 용도별 - 세계 예측(2025-2030년)

The White Spirit Market was valued at USD 7.81 billion in 2023, expected to reach USD 8.14 billion in 2024, and is projected to grow at a CAGR of 4.31%, to USD 10.49 billion by 2030.

White spirit, also referred to as mineral turpentine, is a petroleum-derived clear, volatile liquid, primarily used as a solvent in painting, cleaning, and degreasing applications. Its composition predominantly involves aliphatic and alicyclic hydrocarbons, distinguishing it as an effective agent in dissolving oils, fats, waxes, and resins, making it a critical component in industries like paints & coatings, cleaning, and chemical manufacturing. The necessity of white spirit lies in its multifunctional applications across varied sectors; its solvency power is crucial in thinning paints, varnishes, and as a degreasing agent in machinery maintenance, which emphasize its versatile role in industrial operations. The market for white spirit is significantly driven by the growing demand for paints and coatings in construction and automotive sectors, alongside its extensive use in cleaning agents and thinners. However, the market faces challenges from stringent environmental regulations due to its environmental impact and toxicity, mandating research into eco-friendly alternatives and innovations that enhance efficacy while ensuring safety standards. Opportunities arise in developing low-aromatic or aromatics-free variants to mitigate health concerns, and in enhancing recycling technologies to align with ecological compliance. Research can delve into producing bio-based white spirits, leveraging sustainable raw materials that align with green chemistry principles. The market demonstrates robust potential amidst increasing renovations and infrastructural projects globally, yet faces hurdles in fluctuating crude oil prices impacting production costs. Innovators targeting the development of less volatile, less odorous formulations could spearhead market expansion by addressing consumer discomfort linked with usage in confined spaces. Stakeholders are advised to reinforce R&D investments in sustainable production practices and to explore strategic partnerships to bolster market positions amidst regulatory and economic volatility, ensuring a future-proof business model in the evolving white spirit landscape.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving White Spirit Market

The White Spirit Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Growing demand from paints and coatings industry
  • Potential demand from cleansing and degreasing agent
  • Rising infrastructure development activities in developing economies
• Market Restraints
  • Strict government regulations against VOC products
• Market Opportunities
  • Consumer trend toward low aromatic white spirits
  • Increasing demand for oil exploration and growing automotive sector
• Market Challenges
  • Rising predisposition toward bio-based and eco-friendly solvents among consumers

Porter's Five Forces: A Strategic Tool for Navigating the White Spirit Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the White Spirit Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the White Spirit Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the White Spirit Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the White Spirit Market

A detailed market share analysis in the White Spirit Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the White Spirit Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the White Spirit Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the White Spirit Market

A strategic analysis of the White Spirit Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the White Spirit Market, highlighting leading vendors and their innovative profiles. These include Al Sanea Chemical Products, Al-oga Factory, Banner Chemicals Limited, Bharat Petroleum Corporation Limited, Brenntag Ag, Dhc Solvent Chemie GmbH, Eagle Oil & Gas Co., Exxonmobil Corporation, GSB Chemical Co. Pty. Ltd., Haltermann Carless Deutschland Gmbh, Indian Oil Corporation Limited, K H Chemicals, Kuwait International Factory, Neste Oyj, Shell Oil Company, Thaioil Group, and TotalEnergies.

Market Segmentation & Coverage

This research report categorizes the White Spirit Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Type, market is studied across Type 0, Type 1, Type 2, and Type 3.
• Based on Flash Point, market is studied across High Flash Point, Low Flash Point, and Medium Flash Point.
• Based on Application, market is studied across Cleaning, Degreasing, Fuel, and Paints & Coatings.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Growing demand from paints and coatings industry
    • 5.1.1.2. Potential demand from cleansing and degreasing agent
    • 5.1.1.3. Rising infrastructure development activities in developing economies
  • 5.1.2. Restraints
    • 5.1.2.1. Strict government regulations against VOC products
  • 5.1.3. Opportunities
    • 5.1.3.1. Consumer trend toward low aromatic white spirits
    • 5.1.3.2. Increasing demand for oil exploration and growing automotive sector
  • 5.1.4. Challenges
    • 5.1.4.1. Rising predisposition toward bio-based and eco-friendly solvents among consumers
• 5.2. Market Segmentation Analysis
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. White Spirit Market, by Type

• 6.1. Introduction
• 6.2. Type 0
• 6.3. Type 1
• 6.4. Type 2
• 6.5. Type 3

7. White Spirit Market, by Flash Point

• 7.1. Introduction
• 7.2. High Flash Point
• 7.3. Low Flash Point
• 7.4. Medium Flash Point

8. White Spirit Market, by Application

• 8.1. Introduction
• 8.2. Cleaning
• 8.3. Degreasing
• 8.4. Fuel
• 8.5. Paints & Coatings

9. Americas White Spirit Market

• 9.1. Introduction
• 9.2. Argentina
• 9.3. Brazil
• 9.4. Canada
• 9.5. Mexico
• 9.6. United States

10. Asia-Pacific White Spirit Market

• 10.1. Introduction
• 10.2. Australia
• 10.3. China
• 10.4. India
• 10.5. Indonesia
• 10.6. Japan
• 10.7. Malaysia
• 10.8. Philippines
• 10.9. Singapore
• 10.10. South Korea
• 10.11. Taiwan
• 10.12. Thailand
• 10.13. Vietnam

11. Europe, Middle East & Africa White Spirit Market

• 11.1. Introduction
• 11.2. Denmark
• 11.3. Egypt
• 11.4. Finland
• 11.5. France
• 11.6. Germany
• 11.7. Israel
• 11.8. Italy
• 11.9. Netherlands
• 11.10. Nigeria
• 11.11. Norway
• 11.12. Poland
• 11.13. Qatar
• 11.14. Russia
• 11.15. Saudi Arabia
• 11.16. South Africa
• 11.17. Spain
• 11.18. Sweden
• 11.19. Switzerland
• 11.20. Turkey
• 11.21. United Arab Emirates
• 11.22. United Kingdom

12. Competitive Landscape

• 12.1. Market Share Analysis, 2023
• 12.2. FPNV Positioning Matrix, 2023
• 12.3. Competitive Scenario Analysis
• 12.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. Al Sanea Chemical Products
• 2. Al-oga Factory
• 3. Banner Chemicals Limited
• 4. Bharat Petroleum Corporation Limited
• 5. Brenntag Ag
• 6. Dhc Solvent Chemie GmbH
• 7. Eagle Oil & Gas Co.
• 8. Exxonmobil Corporation
• 9. GSB Chemical Co. Pty. Ltd.
• 10. Haltermann Carless Deutschland Gmbh
• 11. Indian Oil Corporation Limited
• 12. K H Chemicals
• 13. Kuwait International Factory
• 14. Neste Oyj
• 15. Shell Oil Company
• 16. Thaioil Group
• 17. TotalEnergies