GITNUX MARKETDATA REPORT 2024

White Spirits Industry Statistics

The white spirits industry is projected to experience moderate growth in the coming years, driven by increasing demand for premium and craft spirits.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the dynamic landscape of the white spirits industry, backed by a plethora of statistical insights. From market sizes and regional demands to sector dominance and future projections, these statistics shed light on the evolving trends and opportunities within this sector. Let’s dive into the numbers shaping the global white spirits market.

Statistic 1

"The global white spirits market size was valued at USD 5.65 billion in 2018."

Statistic 2

"The white spirits market is expected to grow at a CAGR of 6.2% from 2019 to 2025."

Statistic 3

"Demand for white spirits in the Asia Pacific exceeded 2 million tons in 2018."

Statistic 4

"The paint thinner sector dominated the white spirits industry with a share of 30% in 2018."

Statistic 5

"Europe currently represents the largest market for white spirits."

Statistic 6

"The industrial sector is expected to consume more than 3.5 million tons of white spirits by 2025."

Statistic 7

"The production value of white spirits in the UK in 2018 was more than £4.2 billion."

Statistic 8

"China's white spirits consumption reached 1,070 kilotons in 2018."

Statistic 9

"By 2026, JP-8 & kerosene is projected to account for over a 15% share of the white spirits market."

Statistic 10

"North America white spirits market will witness growth over 5% by 2024."

Statistic 11

"Type 1 white spirits dominate the market, accounting for nearly 50% of the total demand in 2016."

Statistic 12

"The global white spirits market is expected to reach USD 8.09 billion by 2024."

Statistic 13

"The home care sector made up nearly a quarter of the overall white spirits demand in 2017."

Statistic 14

"In 2026, India's white spirits market is expected to reach $716 million."

Statistic 15

"In 2018, type-3 white spirits represented more than 10% of total white spirits production."

Statistic 16

"White spirits consumption in the rubber industry was more than 4 kilo tons in 2016."

Statistic 17

"In Russia, the white spirits market was estimated at $54 million in 2020."

Statistic 18

"By 2024, paint & coating applications of white spirits could exceed $2 billion."

Statistic 19

"By 2023, the global white spirits market is projected to reach a CAGR of 6.5% in value terms."

In conclusion, the white spirits industry is projected to experience significant growth in the coming years, driven by increasing demand in various sectors such as paint thinners, industrial applications, and home care. Regions like Asia Pacific, Europe, and North America are key players in this market, with countries like China, the UK, and India showcasing notable consumption levels. The market is expected to surpass USD 8 billion by 2024, with a compound annual growth rate of around 6%. These statistics highlight the dynamic nature of the white spirits industry and suggest promising opportunities for businesses and investors in the foreseeable future.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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