The gross inland consumption of white spirit in the UK, measured in thousand terajoules, is forecasted to experience a steady increase from 2024 to 2028. In 2023, the consumption was 6.7 thousand terajoules. The year-on-year growth is set to progress gradually: 3.5% in 2025, 3.2% in 2026, 3% in 2027, and 2.9% in 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected to be approximately 3.15%.
Future trends to watch for include:
- Shifts in industrial demand for solvents, potentially affecting consumption levels.
- Regulatory changes concerning environmental impact and solvent usage.
- Innovation in alternative solvent technologies which may alter white spirit demand.