PUBLISHER: KBV Research | PRODUCT CODE: 1461910
PUBLISHER: KBV Research | PRODUCT CODE: 1461910
North America White Spirits Market Size, Share & Trends Analysis Report By Grade, By Application, By Product Type . By Country and Growth Forecast, 2023 - 2030
The North America White Spirits Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1632.4 Kilo Tonnes, showcasing a growth of 4.5% (2019-2022).
In the white spirits market, cleaning solvent applications play a crucial role in various industries, ranging from automotive and manufacturing to construction and household cleaning. These solvents are utilized for degreasing, surface preparation, and removing contaminants from machinery, equipment, surfaces, and components. With their ability to dissolve oils, greases, and dirt effectively, cleaning solvents ensure thorough cleaning and maintenance, thus prolonging the lifespan and performance of machinery and surfaces. Therefore, the Canada market used 34.6 Kilo Tonnes of white spirit as cleaning solvent in 2022.
The US market dominated the North America White Spirits Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,754.7 million by 2030. The Canada market is experiencing a CAGR of 5.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2023 - 2030).
In recent years, the adoption of white spirits has witnessed a significant upswing across various sectors, underscoring their indispensable role in facilitating industrial processes and product formulations. One notable area of increasing adoption is within the construction sector, where white spirits are utilized extensively for surface preparation, paint thinning, and cleaning purposes. For instance, in large-scale projects such as redeveloping urban areas or constructing new infrastructure, white spirits play a crucial role in ensuring proper surface treatment and coating application, thereby enhancing the durability and longevity of structures.
Additionally, rapid urbanization in recent years has contributed to the exponential growth of the construction industry on a large scale. As per the Handbook of Statistics 2023 published by the United Nations Conference on Trade and Development (UNCTAD), an increasing percentage of the global populace resides in urban areas, with 52.5% residing in urban areas in 2012. The proportion of the population residing in urban areas was anticipated to have risen to 56.9% by 2022. In general, it is greater in developed nations (79.7 percent in 2022) than in developing nations.
Mexico, like many other emerging economies, is moving rapidly towards green and more environmentally friendly construction activities. Government regulations encouraging sustainable practices, the desire to lower energy costs as well as enhance building efficiency, and an increased awareness of environmental issues all contribute to this shift. Thus, as the regional nations continue to embrace sustainable practices in construction and manufacturing, the demand for white spirits in eco-friendly coatings and cleaning products is likely to increase.
Based on Grade, the market is segmented into Low Flash Point, Regular Flash Point and High Flash Point. Based on Application, the market is segmented into Paint Thinner, Solvent Extraction, Cleaning Solvent, Degreasing Solvent and Others. Based on Product Type, the market is segmented into Type 1, Type 2, Type 3, and Type 0. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Idemitsu Kosan Co., Ltd.
- Shell plc
- Exxon Mobil Corporation
- TotalEnergies SE
- Thai Oil Public Company Limited (Petroleum Authority of Thailand (PTT))
- Indian Oil Corporation Ltd.
- Bharat Petroleum Corporation Limited
- DHC Solvent Chemie GmbH (BP Europa SE)
- Rahaoil, Inc.
- Alshall International Co.
North America White Spirits Market Report Segmentation
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Low Flash Point
- Regular Flash Point
- High Flash Point
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Paint Thinner
- Solvent Extraction
- Cleaning Solvent
- Degreasing Solvent
- Others
By Product Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Type 1
- Type 2
- Type 3
- Type 0
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America White Spirits Market, by Grade
- 1.4.2North America White Spirits Market, by Application
- 1.4.3North America White Spirits Market, by Product Type
- 1.4.4North America White Spirits Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.North America White Spirits Market by Grade
- 4.1North America Low Flash Point Market by Country
- 4.2North America Regular Flash Point Market by Country
- 4.3North America High Flash Point Market by Country
Chapter 5.North America White Spirits Market by Application
- 5.1North America Paint Thinner Market by Country
- 5.2North America Solvent Extraction Market by Country
- 5.3North America Cleaning Solvent Market by Country
- 5.4North America Degreasing Solvent Market by Country
- 5.5North America Others Market by Country
Chapter 6.North America White Spirits Market by Product Type
- 6.1North America Type 1 Market by Country
- 6.2North America Type 2 Market by Country
- 6.3North America Type 3 Market by Country
- 6.4North America Type 0 Market by Country
Chapter 7.North America White Spirits Market by Country
- 7.1US White Spirits Market
- 7.1.1US White Spirits Market by Grade
- 7.1.2US White Spirits Market by Application
- 7.1.3US White Spirits Market by Product Type
- 7.2Canada White Spirits Market
- 7.2.1Canada White Spirits Market by Grade
- 7.2.2Canada White Spirits Market by Application
- 7.2.3Canada White Spirits Market by Product Type
- 7.3Mexico White Spirits Market
- 7.3.1Mexico White Spirits Market by Grade
- 7.3.2Mexico White Spirits Market by Application
- 7.3.3Mexico White Spirits Market by Product Type
- 7.4Rest of North America White Spirits Market
- 7.4.1Rest of North America White Spirits Market by Grade
- 7.4.2Rest of North America White Spirits Market by Application
- 7.4.3Rest of North America White Spirits Market by Product Type
Chapter 8.Company Profiles
- 8.1Idemitsu Kosan Co., Ltd.
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segmental and Regional Analysis
- 8.1.4Research & Development Expenses
- 8.1.5SWOT Analysis
- 8.2Shell plc
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental and Regional Analysis
- 8.2.4Research & Development Expenses
- 8.2.5SWOT Analysis
- 8.3Exxon Mobil Corporation
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expenses
- 8.3.5SWOT Analysis
- 8.4TotalEnergies SE
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expenses
- 8.4.5SWOT Analysis
- 8.5Thai Oil Public Company Limited (Petroleum Authority of Thailand (PTT))
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4SWOT Analysis
- 8.6Indian Oil Corporation Ltd.
- 8.6.1Company Overview
- 8.6.2Financial Analysis
- 8.6.3Segmental and Regional Analysis
- 8.6.4Research & Development Expenses
- 8.6.5SWOT Analysis
- 8.7Bharat Petroleum Corporation Limited
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4SWOT Analysis
- 8.8DHC Solvent Chemie GmbH (BP Europa SE)
- 8.8.1Company Overview
- 8.8.2SWOT Analysis
- 8.9Rahaoil, Inc.
- 8.9.1Company Overview
- 8.10.Alshall International Co.
- 8.10.1Company Overview
LIST OF TABLES
- TABLE 1North America White Spirits Market, 2019 - 2022, USD Million
- TABLE 2North America White Spirits Market, 2023 - 2030, USD Million
- TABLE 3North America White Spirits Market, 2019 - 2022, Kilo Tonnes
- TABLE 4North America White Spirits Market, 2023 - 2030, Kilo Tonnes
- TABLE 5North America White Spirits Market by Grade, 2019 - 2022, USD Million
- TABLE 6North America White Spirits Market by Grade, 2023 - 2030, USD Million
- TABLE 7North America White Spirits Market by Grade, 2019 - 2022, Kilo Tonnes
- TABLE 8North America White Spirits Market by Grade, 2023 - 2030, Kilo Tonnes
- TABLE 9North America Low Flash Point Market by Country, 2019 - 2022, USD Million
- TABLE 10North America Low Flash Point Market by Country, 2023 - 2030, USD Million
- TABLE 11North America Low Flash Point Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 12North America Low Flash Point Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 13North America Regular Flash Point Market by Country, 2019 - 2022, USD Million
- TABLE 14North America Regular Flash Point Market by Country, 2023 - 2030, USD Million
- TABLE 15North America Regular Flash Point Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 16North America Regular Flash Point Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 17North America High Flash Point Market by Country, 2019 - 2022, USD Million
- TABLE 18North America High Flash Point Market by Country, 2023 - 2030, USD Million
- TABLE 19North America High Flash Point Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 20North America High Flash Point Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 21North America White Spirits Market by Application, 2019 - 2022, USD Million
- TABLE 22North America White Spirits Market by Application, 2023 - 2030, USD Million
- TABLE 23North America White Spirits Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 24North America White Spirits Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 25North America Paint Thinner Market by Country, 2019 - 2022, USD Million
- TABLE 26North America Paint Thinner Market by Country, 2023 - 2030, USD Million
- TABLE 27North America Paint Thinner Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 28North America Paint Thinner Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 29North America Solvent Extraction Market by Country, 2019 - 2022, USD Million
- TABLE 30North America Solvent Extraction Market by Country, 2023 - 2030, USD Million
- TABLE 31North America Solvent Extraction Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 32North America Solvent Extraction Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 33North America Cleaning Solvent Market by Country, 2019 - 2022, USD Million
- TABLE 34North America Cleaning Solvent Market by Country, 2023 - 2030, USD Million
- TABLE 35North America Cleaning Solvent Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 36North America Cleaning Solvent Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 37North America Degreasing Solvent Market by Country, 2019 - 2022, USD Million
- TABLE 38North America Degreasing Solvent Market by Country, 2023 - 2030, USD Million
- TABLE 39North America Degreasing Solvent Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 40North America Degreasing Solvent Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 41North America Others Market by Country, 2019 - 2022, USD Million
- TABLE 42North America Others Market by Country, 2023 - 2030, USD Million
- TABLE 43North America Others Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 44North America Others Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 45North America White Spirits Market by Product Type, 2019 - 2022, USD Million
- TABLE 46North America White Spirits Market by Product Type, 2023 - 2030, USD Million
- TABLE 47North America White Spirits Market by Product Type, 2019 - 2022, Kilo Tonnes
- TABLE 48North America White Spirits Market by Product Type, 2023 - 2030, Kilo Tonnes
- TABLE 49North America Type 1 Market by Country, 2019 - 2022, USD Million
- TABLE 50North America Type 1 Market by Country, 2023 - 2030, USD Million
- TABLE 51North America Type 1 Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 52North America Type 1 Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 53North America Type 2 Market by Country, 2019 - 2022, USD Million
- TABLE 54North America Type 2 Market by Country, 2023 - 2030, USD Million
- TABLE 55North America Type 2 Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 56North America Type 2 Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 57North America Type 3 Market by Country, 2019 - 2022, USD Million
- TABLE 58North America Type 3 Market by Country, 2023 - 2030, USD Million
- TABLE 59North America Type 3 Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 60North America Type 3 Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 61North America Type 0 Market by Country, 2019 - 2022, USD Million
- TABLE 62North America Type 0 Market by Country, 2023 - 2030, USD Million
- TABLE 63North America Type 0 Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 64North America Type 0 Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 65North America White Spirits Market by Country, 2019 - 2022, USD Million
- TABLE 66North America White Spirits Market by Country, 2023 - 2030, USD Million
- TABLE 67North America White Spirits Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 68North America White Spirits Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 69US White Spirits Market, 2019 - 2022, USD Million
- TABLE 70US White Spirits Market, 2023 - 2030, USD Million
- TABLE 71US White Spirits Market, 2019 - 2022, Kilo Tonnes
- TABLE 72US White Spirits Market, 2023 - 2030, Kilo Tonnes
- TABLE 73US White Spirits Market by Grade, 2019 - 2022, USD Million
- TABLE 74US White Spirits Market by Grade, 2023 - 2030, USD Million
- TABLE 75US White Spirits Market by Grade, 2019 - 2022, Kilo Tonnes
- TABLE 76US White Spirits Market by Grade, 2023 - 2030, Kilo Tonnes
- TABLE 77US White Spirits Market by Application, 2019 - 2022, USD Million
- TABLE 78US White Spirits Market by Application, 2023 - 2030, USD Million
- TABLE 79US White Spirits Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 80US White Spirits Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 81US White Spirits Market by Product Type, 2019 - 2022, USD Million
- TABLE 82US White Spirits Market by Product Type, 2023 - 2030, USD Million
- TABLE 83US White Spirits Market by Product Type, 2019 - 2022, Kilo Tonnes
- TABLE 84US White Spirits Market by Product Type, 2023 - 2030, Kilo Tonnes
- TABLE 85Canada White Spirits Market, 2019 - 2022, USD Million
- TABLE 86Canada White Spirits Market, 2023 - 2030, USD Million
- TABLE 87Canada White Spirits Market, 2019 - 2022, Kilo Tonnes
- TABLE 88Canada White Spirits Market, 2023 - 2030, Kilo Tonnes
- TABLE 89Canada White Spirits Market by Grade, 2019 - 2022, USD Million
- TABLE 90Canada White Spirits Market by Grade, 2023 - 2030, USD Million
- TABLE 91Canada White Spirits Market by Grade, 2019 - 2022, Kilo Tonnes
- TABLE 92Canada White Spirits Market by Grade, 2023 - 2030, Kilo Tonnes
- TABLE 93Canada White Spirits Market by Application, 2019 - 2022, USD Million
- TABLE 94Canada White Spirits Market by Application, 2023 - 2030, USD Million
- TABLE 95Canada White Spirits Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 96Canada White Spirits Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 97Canada White Spirits Market by Product Type, 2019 - 2022, USD Million
- TABLE 98Canada White Spirits Market by Product Type, 2023 - 2030, USD Million
- TABLE 99Canada White Spirits Market by Product Type, 2019 - 2022, Kilo Tonnes
- TABLE 100Canada White Spirits Market by Product Type, 2023 - 2030, Kilo Tonnes
- TABLE 101Mexico White Spirits Market, 2019 - 2022, USD Million
- TABLE 102Mexico White Spirits Market, 2023 - 2030, USD Million
- TABLE 103Mexico White Spirits Market, 2019 - 2022, Kilo Tonnes
- TABLE 104Mexico White Spirits Market, 2023 - 2030, Kilo Tonnes
- TABLE 105Mexico White Spirits Market by Grade, 2019 - 2022, USD Million
- TABLE 106Mexico White Spirits Market by Grade, 2023 - 2030, USD Million
- TABLE 107Mexico White Spirits Market by Grade, 2019 - 2022, Kilo Tonnes
- TABLE 108Mexico White Spirits Market by Grade, 2023 - 2030, Kilo Tonnes
- TABLE 109Mexico White Spirits Market by Application, 2019 - 2022, USD Million
- TABLE 110Mexico White Spirits Market by Application, 2023 - 2030, USD Million
- TABLE 111Mexico White Spirits Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 112Mexico White Spirits Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 113Mexico White Spirits Market by Product Type, 2019 - 2022, USD Million
- TABLE 114Mexico White Spirits Market by Product Type, 2023 - 2030, USD Million
- TABLE 115Mexico White Spirits Market by Product Type, 2019 - 2022, Kilo Tonnes
- TABLE 116Mexico White Spirits Market by Product Type, 2023 - 2030, Kilo Tonnes
- TABLE 117Rest of North America White Spirits Market, 2019 - 2022, USD Million
- TABLE 118Rest of North America White Spirits Market, 2023 - 2030, USD Million
- TABLE 119Rest of North America White Spirits Market, 2019 - 2022, Kilo Tonnes
- TABLE 120Rest of North America White Spirits Market, 2023 - 2030, Kilo Tonnes
- TABLE 121Rest of North America White Spirits Market by Grade, 2019 - 2022, USD Million
- TABLE 122Rest of North America White Spirits Market by Grade, 2023 - 2030, USD Million
- TABLE 123Rest of North America White Spirits Market by Grade, 2019 - 2022, Kilo Tonnes
- TABLE 124Rest of North America White Spirits Market by Grade, 2023 - 2030, Kilo Tonnes
- TABLE 125Rest of North America White Spirits Market by Application, 2019 - 2022, USD Million
- TABLE 126Rest of North America White Spirits Market by Application, 2023 - 2030, USD Million
- TABLE 127Rest of North America White Spirits Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 128Rest of North America White Spirits Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 129Rest of North America White Spirits Market by Product Type, 2019 - 2022, USD Million
- TABLE 130Rest of North America White Spirits Market by Product Type, 2023 - 2030, USD Million
- TABLE 131Rest of North America White Spirits Market by Product Type, 2019 - 2022, Kilo Tonnes
- TABLE 132Rest of North America White Spirits Market by Product Type, 2023 - 2030, Kilo Tonnes
- TABLE 133Key Information - Idemitsu Kosan Co., Ltd.
- TABLE 134Key Information - Shell plc
- TABLE 135Key Information - Exxon Mobil Corporation
- TABLE 136Key Information - TotalEnergies SE
- TABLE 137Key Information - Thai Oil Public Company Limited
- TABLE 138Key Information - Indian Oil Corporation Ltd.
- TABLE 139Key Information - Bharat Petroleum Corporation Limited
- TABLE 140Key Information - DHC Solvent Chemie GmbH
- TABLE 141Key Information - Rahaoil, Inc.
- TABLE 142Key Information - Alshall International Co.
