Covid-19 Impact on White Spirit Market: Updated Study Offering Insights & Analysis up to 2028

Matt Easterlin19 Apr, 2023Business

The white spirit market was estimated at USD 7.02 billion in 2021 and is likely to grow at a CAGR of 4.15% during 2022-2028 to reach USD 9.37 billion in 2028. White Spirit or mineral seat or mineral turpentine oil (MTO) is a petrochemical solvent, which contains C7 to C12 aliphatic, acyclic, and aromatic hydrocarbons with a boiling range varying between 65-230?C. It is a clear, colorless, and flammable liquid with flash points between 21-68 ?C and an aromatic content ranging between 2% to 25%.