WHITE SPIRITS MARKET ANALYSIS

Prolonged or excessive acute exposure to white spirits can lead to central nervous system depression. The volatile organic compounds present in white spirits, such as toluene, ethylbenzene and xylene are known to affect the central nervous system if inhaled in large quantities over a short period of time. This can cause symptoms ranging from nausea, dizziness and headaches to impaired coordination, confusion and even loss of consciousness in serious cases. There are also concerns about the possible link between chronic lower-level exposure to white spirits and increased risk of cancers or birth defects.  For instance, Data published in 2023, According to data from the NIH, occupational solvent exposures led to over 443,000 cases of poisoning globally in 2019. The largest numbers occurred in Southeast Asia and the Western Pacific regions. The WHO recommends concerted national actions to strengthen controls on solvents and raise awareness about safe work practices. Following such guidelines can help mitigate risks to the white spirits market from abuse or misuse of these chemicals. However, as usage grows with industrialization in developing nations, ensuring safety remains a challenge impacting the market's trajectory.

Market Opportunity-Emerging applications in cleaning and degreasing

White spirits market can witness growth opportunities due to emerging applications in industrial and household cleaning as well as degreasing processes. With growth in manufacturing and infrastructure development activities globally, there has been demand for effective solvents for cleaning industrial equipment and machinery. Their low toxicity profile and evaporative properties makes them ideal for safely removing grease, oils, dirt and other contaminants from metal surfaces without harming workers' health or the environment. Moreover, white spirits are also finding increasing usage in household multipurpose cleaners and degreasers. According to the International Renewable Energy Agency's 2023 World Energy Transitions Outlook, global manufacturing trade is projected to increase by 4.9% annually through 2023 as economies recover from effects of the COVID-19 pandemic. This rebound in manufacturing activity would boost demand for effective industrial cleaning chemicals and degreasers, presenting white spirits formulations an opportunity to gain market share. This emerging demand from new application spheres can offer significant growth opportunities for white spirits.