Asia-pacific White Spirits Market Forecast 2023-2032

The Asia-Pacific white spirits market is set to project a CAGR of 6.01% during the forecast period, 2023-2032. The flourishing automotive sector and the rising construction activities majorly contribute to market growth. Also, several major players have established new plants in the region, given the absence of stringent regulations.

MARKET INSIGHTS

South Korea, China, India, Japan, Australia, and Rest of Asia-Pacific are analyzed for the Asia-Pacific white spirits market growth evaluation. In Japan, the automotive sector projects steady growth. Also, the presence of automotive giants like Nissan, Toyota, and Honda and the rising exports of automobiles raise the demand for paints & coatings. In addition, the marine industry growth has remained stable despite economic slowdowns. This is accredited to the exceptional high-tech designs and the country's efficiency.

With regard to ASEAN countries, the fast-paced growth of industrial paints & coatings, attributed to the increasing demands from the wood, electronics, marine, and automotive sectors, offers growth opportunities. The Philippines and Vietnam are becoming the new shipping hubs, benefiting from the growing costs of Chinese manufacturing operations. Also, the automotive sector is projecting fast-paced growth in these countries.

COMPETITIVE INSIGHTS

Some of the leading companies in the market include: HCS Group, KH Chemicals, Idemitsu Kosan Co Ltd, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 17836

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. THRIVING AUTOMOTIVE INDUSTRY
- 3.1.2. ESCALATING NEED FOR CLEANING AND DEGREASING CHEMICALS
- 3.1.3. DEMOGRAPHIC SHIFTS AND IMPROVED ECONOMIC CONDITIONS
- 3.1.4. GOVERNMENT INITIATIVES
3.2. KEY RESTRAINTS
- 3.2.1. HEALTH HAZARDS
- 3.2.2. AVAILABILITY OF SUBSTITUTES

4. KEY ANALYTICS

4.1. IMPACT OF COVID-19 ON WHITE SPIRITS MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. KEY BUYING CRITERIA
4.7. REGULATORY FRAMEWORK

5. MARKET BY PRODUCT TYPE

5.1. TYPE 0 (DISTILLATION FRACTION WITH NO FURTHER TREATMENT)
5.2. TYPE 1 (HYDRODESULFURIZATION)
5.3. TYPE 2 (SOLVENT EXTRACTION)
5.4. TYPE 3 (HYDROGENATION)

6. MARKET BY GRADE

6.1. LOW FLASH POINT
6.2. REGULAR FLASH POINT
6.3. HIGH FLASH POINT

7. MARKET BY APPLICATION

7.1. PAINT THINNER
7.2. CLEANING SOLVENT
7.3. DEGREASING SOLVENT
7.4. FUEL
7.5. DISINFECTANT
7.6. OTHER APPLICATIONS

8. GEOGRAPHICAL ANALYSIS

8.1. ASIA-PACIFIC
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. KEY GROWTH ENABLERS
- 8.1.3. KEY CHALLENGES
- 8.1.4. KEY PLAYERS
- 8.1.5. COUNTRY ANALYSIS
  - 8.1.5.1. CHINA
  - 8.1.5.2. JAPAN
  - 8.1.5.3. INDIA
  - 8.1.5.4. SOUTH KOREA
  - 8.1.5.5. AUSTRALIA
  - 8.1.5.6. REST OF ASIA-PACIFIC

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
- 9.1.4. BUSINESS EXPANSIONS & DIVESTITURES
9.2. COMPANY PROFILES
- 9.2.1. CEPSA
- 9.2.2. DHC SOLVENT CHEMIE GMBH
- 9.2.3. EXXONMOBIL CORPORATION
- 9.2.4. HCS GROUP
- 9.2.5. IDEMITSU KOSAN CO LTD
- 9.2.6. KH CHEMICALS
- 9.2.7. KIF
- 9.2.8. PMPI
- 9.2.9. ROYAL DUTCH SHELL PLC
- 9.2.10. STOCKMEIER GRUPPE
- 9.2.11. TOTAL SA

Product Code: 17836

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - WHITE SPIRITS
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: ASIA-PACIFIC WHITE SPIRITS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC WHITE SPIRITS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC WHITE SPIRITS MARKET, BY GRADE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC WHITE SPIRITS MARKET, BY GRADE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC WHITE SPIRITS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC WHITE SPIRITS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC WHITE SPIRITS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC WHITE SPIRITS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 11: LEADING PLAYERS OPERATING IN ASIA-PACIFIC WHITE SPIRITS MARKET
TABLE 12: LIST OF MERGERS & ACQUISITIONS
TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: ASIA-PACIFIC WHITE SPIRITS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022
FIGURE 7: ASIA-PACIFIC WHITE SPIRITS MARKET, BY TYPE 0 (DISTILLATION FRACTION WITH NO FURTHER TREATMENT), 2023-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC WHITE SPIRITS MARKET, BY TYPE 1 (HYDRODESULFURIZATION), 2023-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC WHITE SPIRITS MARKET, BY TYPE 2 (SOLVENT EXTRACTION), 2023-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC WHITE SPIRITS MARKET, BY TYPE 3 (HYDROGENATION), 2023-2032 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC WHITE SPIRITS MARKET, GROWTH POTENTIAL, BY GRADE, IN 2022
FIGURE 12: ASIA-PACIFIC WHITE SPIRITS MARKET, BY LOW FLASH POINT, 2023-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC WHITE SPIRITS MARKET, BY REGULAR FLASH POINT, 2023-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC WHITE SPIRITS MARKET, BY HIGH FLASH POINT, 2023-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC WHITE SPIRITS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 16: ASIA-PACIFIC WHITE SPIRITS MARKET, BY PAINT THINNER, 2023-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC WHITE SPIRITS MARKET, BY CLEANING SOLVENT, 2023-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC WHITE SPIRITS MARKET, BY DEGREASING SOLVENT, 2023-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC WHITE SPIRITS MARKET, BY FUEL, 2023-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC WHITE SPIRITS MARKET, BY DISINFECTANT, 2023-2032 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC WHITE SPIRITS MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC WHITE SPIRITS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 23: CHINA WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 24: JAPAN WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 25: INDIA WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 26: SOUTH KOREA WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 27: AUSTRALIA WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 28: REST OF ASIA-PACIFIC WHITE SPIRITS MARKET, 2023-2032 (IN $ MILLION)