In 2023, white spirit final consumption in the German industry was recorded at 1.28 thousand terajoules. From 2024 onwards, forecasts show a steady increase, with consumption expected to reach 1.31 thousand terajoules in 2024, growing to 1.44 thousand terajoules by 2028. Year-on-year growth rates highlight a consistent upward trend, with an average CAGR of approximately 2.3% over the five-year forecast period.
Future trends to watch for include:
- Potential shifts towards alternative solvents due to environmental regulations.
- Technological advancements that might reduce dependency on white spirit.
- Economic conditions impacting industrial demand in Germany.
