China White Spirits Market Forecast 2023-2030

China White Spirits Market Forecast 2023-2030KEY FINDINGS

The China white spirits market growth is anticipated to progress at a CAGR of 5.45% during the forecast period, 2023-2030. There is a growing consumption of paints & coatings in the country, attributed to the demands from thriving industries like automotive and real estate.

MARKET INSIGHTS

China houses several paints & coatings companies, with joint ventures holding a fair share of the market. In addition, international players are looking to strengthen their foothold in the market through new acquisitions. They play a central role in accounting for half of the coatings sales. Whereas domestic companies dominate the low end of the market. The middle level encompasses domestic companies entering the market through enhanced products and R&D, while multinationals enter through localized products. Moreover, the market rivalry is defined by rising raw material prices and growing regulatory obligations.

Further, the booming real estate sector encompasses demands for wall painting services. At the same time, the growing environmental concerns have resulted in the government levying taxes on the coatings industry. Accordingly, there has been an increase in the research and development of new technologies for sustainable solutions to restrict the harmful substances of interior architectural coatings. Such aspects define the China paints & coatings market, which benefits the white spirits market growth.

COMPETITIVE INSIGHTS

Some of the major companies in the market include Hebei Dechuang Chemical Equipment Co Ltd, KH Chemicals, Royal Dutch Shell Plc, 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