NORTH AMERICA WHITE SPIRITS MARKET FORECAST 2023-2032

Furthermore, industrial, special-purpose, and architectural coatings are prominent in the US market. Moreover, the recovery of the wooden flooring industry boosts the US wood coatings market. In addition, the gradually growing commercial sector, particularly office space construction, positively impacts the overall market growth. Such factors facilitate growth opportunities for white spirits in the United States. 

The North America white spirits market segmentation includes application, grade, and product type. The application segment includes degreasing solvent, paint thinner, disinfectant, cleaning solvent, fuel, and other applications.

Different types of thinners and solvents are used in the paint and decoration industries. Mineral spirits and lacquer thinners are used for thinning, dissolving, and cleaning oil-based paints. They are used in the paints & coatings industry to dry and create various paint types for use in automobiles and buildings. The rising construction expenditure in countries like India and China and the increasing industrialization are estimated to increase the demand for white spirits. Also, the growing economic prospects in emerging countries have boosted architectural, industrial, and construction activities. This has resulted in significant demands for paints, and in turn, paint thinners. 

Disinfectants are chemicals that help eliminate pathogenic microorganisms from objects’ surfaces. They disrupt cell membranes and denaturalize the enzymes & proteins of a cell. They are effective against vegetative gram-negative and gram-positive bacteria, viruses, and mycobacteria. The disinfectant market is driven by its rising use in fitness centers and health clubs. Also, the growing numbers of medical professionals and hospitals boost the demand for disinfectants. Moreover, the prevalence of infectious diseases and the increasing awareness and inclination toward precautionary measures, particularly post-COVID-19, are expected to drive growth opportunities for the disinfectants segment. 

Some of the leading market players in the North America white spirits market are Royal Dutch Shell Plc, PMPI, STOCKMEIER Gruppe, Total SA, etc.

Royal Dutch Shell Plc is one of the largest energy & petrochemical companies globally. The company’s business is segmented into three major categories, projects & technology, downstream, and upstream. The downstream segment manages the marketing and refining activities for oil products and chemicals.