White Spirits Market

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Global White Spirits Market 2017 2025

• Published by Accurize Market Research Pvt. Ltd.

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Global White Spirits Market is Estimated to Reach
11 Billion by 2025

• Global White Spirits Market report published by
  Accurize Market Research forecast that the global
  market is expected to reach 11 billion by 2025
  growing at a CAGR of 6.5 from 2017 to 2025.
• By geography, the Asia Pacific and North America
  are expected to grow at a CAGR of XX and XX,
  respectively, during the forecast period.
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  e-spirits-market/sample-request

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Global White Spirits Market

• Paint coating industry demand, a reasonable
  price hike of jet kerosene to drive the market
• Unobtrusive jet kerosene prices, steady demand
  from the paints and coatings industry, changing
  demographics, improving global economic
  conditions, and the increasing demand for these
  spirits as a turpentine substitute, are the chief
  factors driving the global white spirits market.
• However, the high cost of white spirits is
  expected to restrain market growth. Shifting
  focus towards low aromatic white spirits would
  provide several growth opportunities for the
  market in the coming years.

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Market Segmentation

• The global white spirits market is bifurcated by
  application, grades, and geography. The
  application segment includes paint thinner,
  cleaning solvent, degreasing solvent, fuel,
  disinfectant, and others.
• The grade segment of the white spirits market is
  divided into regular flash grade, high flash
  grade, and low flash grade. Geographically, the
  market is segmented into North America, Europe,
  Asia-Pacific and Rest of the world (RoW).
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5
Market Segmentation

• "Paint thinner accounted for the largest market
  share in the application segment", says Accurize
• The paint thinner segment dominated the
  application segment with the largest market share
  in 2017.
• The regular flash grade was the maximum revenue
  generating grades segment.
• "Asia-Pacific dominated the global market with
  the highest market share over the forecast
  period", says Accurize

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Market Segmentation

• Asia-Pacific accounted for the largest market
  share of 36 in 2017, owning to the growing
  infrastructural developments in the region.
• Improvement in an economic condition also has
  also led to the growth in demand for white
  spirits in the region.
• North America is the second-largest market with a
  total market share of 29. In terms of growth,
  the rest of the world (RoW) is expected to attain
  the fastest CAGR during the forecast period.

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Top players in the market

• Major companies operating in the market include
• ExxonMobil Corporation
• Royal Dutch Shell Plc
• Total S.A
• Idemitsu Kosan Co., Ltd
• CEPSA
• NesteOyj

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