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Asia Pacific White Spirits Market Forecast 2018-2026

Key Findings
Due to the adoption of new technologies, major changes have taken place in the paint and coatings industry in APAC. Due to a significant amount of reconstruction activity happening in the region, the Asia-Pacific white spirits market is anticipated to prosper with a CAGR of 6.83%.

Market Insights
Apart from paints and coatings, the Asia-Pacific market has also witnessed an increased demand for cleaning and degreasing solvents as the task of cleaning heavy machinery involves several challenges and hence it is necessary to plan safety measures beforehand. The ongoing awareness on the significance of good health and hygiene practices, safety liabilities and increasing demands from various application industries drive the market for cleaning and degreasing solvents in the APAC, which has helped boost the demand for white spirits in the region. However, the market has to face certain challenges in terms of the growing popularity of eco-friendly solvents that are bio-based and don't release the same high numbers of volatile organic compounds (VOCs) as the petroleum-based solvents during manufacturing.

Competitive Insights
Leading companies operating in this market include KH Chemicals, Ganga Rasayanie P. Ltd, Idemitsu Kosan Co Ltd, Cepsa, Stockmeier Gruppe, Kapco Petroleum Industries Fzc, ExxonMobil Corporation, KIF, Royal Dutch Shell Plc, Mehta Petro Refineries Ltd and PMPI.
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Asia Pacific White Spirits Market Forecast 2018-2026
Published By :Inkwood Research
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