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EUROPE WHITE SPIRITS MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Europe White Spirits Market by Product Type (Type 0 (Distillation Fraction With No Further Treatment), Type 1 (Hydrodesulfurization), Type 2 (Solvent Extraction), Type 3 (Hydrogenation)) Market by Grade (Low Flash Point, Regular Flash Point, High Flash Point) Market by Application (Paint Thinner, Cleaning Solvent, Degreasing Solvent, Fuel, Disinfectant, Other Applications) by Geography

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MARKET OVERVIEW

The Europe white spirits market is expected to record a CAGR of 5.83% during the forecast period, 2023-2032, and is projected to garner a revenue of $xx million by 2032.

The white spirits market growth in Europe is attributed to the increasing remodeling activities and rising industrialization. Also, the automotive sector is set to boost market demands in the region. 

The Europe white spirits market growth analysis includes the evaluation of Spain, Italy, France, Germany, the United Kingdom, and Rest of Europe. The United Kingdom white spirits market growth is attributed to the increasing usage of paints & coatings in the aerospace and defense industries. Also, the aerospace and aviation manufacturing industries are thriving, attributed to major exports.

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Whereas in France, the paints & coatings market is flourishing given their growing application in the automotive industry. The increased automotive production is attributed to the rising investments from major foreign players like General Motors and Toyota. In addition, France’s federal government is evaluating the introduction of new policies to aid local auto manufacturers like Renault SA and PSA Peugeot Citroen attract foreign investments. This is further projected to increase the demand for industrial paints & coatings. 

Furthermore, in Italy, the automotive sector is the major end-user of industrial paints & coatings due to the launch of new production lines and growing investments. The automotive industry prospects are also attributed to increasing consumer confidence and lower interest rates, boosting the demand for automotive OEM and refinishing paints & coatings. 

Moreover, Italy’s marine industry is well-established and estimated to project growth opportunities. This is because it is one of the leading consumers of industrial paints & coatings for yachts globally. Besides, it has been a prominent producer of yachts in Europe. Such factors propel growth opportunities for the analyzed market in these countries.

The segmentation analysis of the Europe white spirits market includes application, grade, and product type. The application segment includes cleaning solvent, disinfectant, paint thinner, degreasing solvent, fuel, and other applications.

The growing awareness about ozone depletion and its adverse impact on the environment and humans has raised the demand for industrial cleaning solvents that do not contain hydrochlorofluorocarbons (HCFCs). Also, high demands are projected for low-toxicity cleaning solvents for electronics with the potential to minimize ozone depletion and global warming. Modern electronics are small & durable and exhibit high performance. They should be cleaned regularly for good insulation resistance, which propels the demand for cleaning solvents. 

Degreasing is an important process to remove dirt and oil for the proper functioning of electronic devices. White spirits are the most commonly used solvents for degreasing since they protect machines and equipment against wastage and contamination. Additionally, cleaning electronic equipment needs defluxing operations, which are extensively used to produce high-reliability electronics. Defluxing assures maximum cleaning. 

Some of the prominent companies in the Europe white spirits market include Idemitsu Kosan Co Ltd, ExxonMobil Corporation, DHC Solvent Chemie GmbH, HCS Group, etc. 

DHC Solvent Chemie GmbH offers solvents and other specialty products and operates as a subsidiary of BP Europa SE. The product portfolio of the company encompasses 250 products like naphtha, erosion oils, hexane, white spirits, etc., for the food, cosmetic, and pharmaceutical industries. The company is headquartered in Timmerhellstr, Germany.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Product Type, Grade, Application
Countries AnalyzedSpain, Italy, France, Germany, the United Kingdom, and Rest of Europe
Companies AnalyzedCepsa, DHC Solvent Chemie GmbH, ExxonMobil Corporation, HCS Group, Idemitsu Kosan Co Ltd, KH Chemicals, KIF, PMPI, Royal Dutch Shell Plc, STOCKMEIER Gruppe, Total SA

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. THRIVING AUTOMOTIVE INDUSTRY
      2. ESCALATING NEED FOR CLEANING AND DEGREASING CHEMICALS
      3. DEMOGRAPHIC SHIFTS AND IMPROVED ECONOMIC CONDITIONS
      4. GOVERNMENT INITIATIVES
    2. KEY RESTRAINTS
      1. HEALTH HAZARDS
      2. AVAILABILITY OF SUBSTITUTES
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON WHITE SPIRITS MARKET
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. VENDOR LANDSCAPE
    6. KEY BUYING CRITERIA
    7. REGULATORY FRAMEWORK
  5. MARKET BY PRODUCT TYPE 
    1. TYPE 0 (DISTILLATION FRACTION WITH NO FURTHER TREATMENT)
    2. TYPE 1 (HYDRODESULFURIZATION)
    3. TYPE 2 (SOLVENT EXTRACTION)
    4. TYPE 3 (HYDROGENATION)
  6. MARKET BY GRADE
    1. LOW FLASH POINT
    2. REGULAR FLASH POINT
    3. HIGH FLASH POINT
  7. MARKET BY APPLICATION
    1. PAINT THINNER
    2. CLEANING SOLVENT
    3. DEGREASING SOLVENT
    4. FUEL
    5. DISINFECTANT
    6. OTHER APPLICATIONS
  8. GEOGRAPHICAL ANALYSIS 
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
        2. GERMANY
        3. FRANCE
        4. ITALY
        5. SPAIN
        6. REST OF EUROPE
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. CEPSA
      2. DHC SOLVENT CHEMIE GMBH
      3. EXXONMOBIL CORPORATION
      4. HCS GROUP
      5. IDEMITSU KOSAN CO LTD
      6. KH CHEMICALS
      7. KIF
      8. PMPI
      9. ROYAL DUTCH SHELL PLC
      10. STOCKMEIER GRUPPE
      11. TOTAL SA

LIST OF TABLES

TABLE 1:  MARKET SNAPSHOT – WHITE SPIRITS

TABLE 2:  REGULATORY FRAMEWORK

TABLE 3:  EUROPE WHITE SPIRITS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4:  EUROPE WHITE SPIRITS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 5:  EUROPE WHITE SPIRITS MARKET, BY GRADE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6:  EUROPE WHITE SPIRITS MARKET, BY GRADE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 7:  EUROPE WHITE SPIRITS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8:  EUROPE WHITE SPIRITS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 9:  EUROPE WHITE SPIRITS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10:  EUROPE WHITE SPIRITS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 11:  LEADING PLAYERS OPERATING IN EUROPE WHITE SPIRITS MARKET

TABLE 12:  LIST OF MERGERS & ACQUISITIONS

TABLE 13:  LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 14:  LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 15:  LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1:  KEY MARKET TRENDS

FIGURE 2:  PORTER’S FIVE FORCES ANALYSIS

FIGURE 3:  OPPORTUNITY MATRIX

FIGURE 4:  VENDOR LANDSCAPE

FIGURE 5:  KEY BUYING CRITERIA

FIGURE 6:  EUROPE WHITE SPIRITS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022

FIGURE 7:  EUROPE WHITE SPIRITS MARKET, BY TYPE 0 (DISTILLATION FRACTION WITH NO FURTHER TREATMENT), 2023-2032 (IN $ MILLION)

FIGURE 8:  EUROPE WHITE SPIRITS MARKET, BY TYPE 1 (HYDRODESULFURIZATION), 2023-2032 (IN $ MILLION)

FIGURE 9:  EUROPE WHITE SPIRITS MARKET, BY TYPE 2 (SOLVENT EXTRACTION), 2023-2032 (IN $ MILLION)

FIGURE 10:  EUROPE WHITE SPIRITS MARKET, BY TYPE 3 (HYDROGENATION), 2023-2032 (IN $ MILLION)

FIGURE 11:  EUROPE WHITE SPIRITS MARKET, GROWTH POTENTIAL, BY GRADE, IN 2022 

FIGURE 12:  EUROPE WHITE SPIRITS MARKET, BY LOW FLASH POINT, 2023-2032 (IN $ MILLION)

FIGURE 13:  EUROPE WHITE SPIRITS MARKET, BY REGULAR FLASH POINT, 2023-2032 (IN $ MILLION)

FIGURE 14:  EUROPE WHITE SPIRITS MARKET, BY HIGH FLASH POINT, 2023-2032 (IN $ MILLION)

FIGURE 15:  EUROPE WHITE SPIRITS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022 

FIGURE 16:  EUROPE WHITE SPIRITS MARKET, BY PAINT THINNER, 2023-2032 (IN $ MILLION)

FIGURE 17:  EUROPE WHITE SPIRITS MARKET, BY CLEANING SOLVENT, 2023-2032 (IN $ MILLION)

FIGURE 18:  EUROPE WHITE SPIRITS MARKET, BY DEGREASING SOLVENT, 2023-2032 (IN $ MILLION)

FIGURE 19:  EUROPE WHITE SPIRITS MARKET, BY FUEL, 2023-2032 (IN $ MILLION)

FIGURE 20:  EUROPE WHITE SPIRITS MARKET, BY DISINFECTANT, 2023-2032 (IN $ MILLION)

FIGURE 21:  EUROPE WHITE SPIRITS MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 22:  EUROPE WHITE SPIRITS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 23:  UNITED KINGDOM WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 24:  GERMANY WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25:  FRANCE WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26:  ITALY WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27:  SPAIN WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28:  REST OF EUROPE WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)

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