Global Market Size of White Spirit Market – 10 Year Market Forecast

Chemicals

White Spirit Market Size Forecast 2022-2029

 

The global white spirit market is estimated to reach USD 6.48 billion in 2022. The market is further estimated to reach a value of USD 10.95 billion by 2029, with a CAGR of 8%. White spirit applications include thinners and solvents, cleaning agents, degreasing agents, fuels etc. The growing market for the construction industry causes an increase in requirements for paints and coatings which directly boosts the white spirit market. APAC region accounts for the largest market shares. Due to the growing populace and rapidly increasing urbanization in developing nations of APAC like China and India, the market growth for white spirit is expected to rise significantly during the forecast period.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database is a cloud based business intelligence tool that can be used by decision makers to study relevant markets.
• What are the different types of white spirits available in the market?

• The different types of white spirits available in the market are type 0, type 1, type 2 and type 3.
• Which region accounts for the largest market shares in the white spirit market?

• The APAC region accounts for the largest market shares in the white spirit market.
• What is the main growth factor of the white spirits market?

• The increase in demand for paints and coatings from the construction and industrial sectors is the main growth factor for the white spirits market.
• Which is the most widely used application for white spirits?

• The most widely used application for white spirits are thinners and solvents.

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