The recent “China and Japan Specialty Chemicals Market” report by Report Ocean gathers insights and assessments through genuine consultations with key stakeholders, including CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors. This comprehensive study aims to thoroughly examine the global industry, target market, competition, and various influencing factors. Ask for Free Sample Report
The report on the “China and Japan Specialty Chemicals Market” conducts a data-driven quantitative analysis of the relevant industry. It utilizes research based on public records to identify significant patterns. Additionally, it provides predictions for the market sector’s growth between 2024 and 2032. The research primarily focuses on major global market manufacturers, analyzing sales volume, rates, competitive aspects, market share, and development strategies up to 2032.
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Global China and Japan Specialty Chemicals Market Analysis and Growth Forecast:
The China and Japan specialty chemicals market captured a market value of USD 257.52 billion in 2021 and is projected to reach USD 451.96 billion by the year 2030. The market is projected to list a CAGR of 6.49% during the forecast period.
The increasing repair and maintenance activities in construction field, coupled with the rising demand from end use industries, such as automotive, cosmetics, semiconductors, is substantially fueling the growth rate of the specialty chemicals industry in China and Japan.
Moreover, the rising technological advances created by companies operating in the market creates lucrative opportunities for the market to grow in the forecast period. In contrast, the fluctuating and varying cost of raw materials and their availability is hindering the growth rate of the specialty chemicals in China and Japan.
Increasing demand of construction chemicals
The demand for construction chemicals highly depends on new constructions coupled with its maintenance and repair activities. The demand for such specialty chemicals is chiefly driven by the increasing requirements for infrastructure and housing. The demand for specialty chemicals is driven by consumer awareness and the need for long-lasting and aesthetic civil structure. Such increasing demand fuels the growth rate of specialty chemicals market.
Continuous development and production of novel eco-friendly specialty chemicals and increasing awareness
The rising awareness related to the production of novels and environment friendly specialty chemicals is pushing companies to develop products and create awareness about such aspects in their product portfolio. For instance, in October 2021, Mitsubishi Chemical Corporation signed a licensing agreement with Mitsui Chemicals, Inc. for the patent including MCC-owned basic patent on a biomass-based polyester. Similarly, in November 2021, Mitsubishi Chemical Corporation joined the Energy Transition Initiative-Center for Global Commons (ETI-CGC), an initiative launched by the Center for Global Commons (CGC) at the University of Tokyo and Japanese companies. Thus, such measures create awareness, and the product launches and approvals fuel the growth rate of the market.
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The prominent players operating in the China and Japan specialty chemicals market include KPMG, Huntsman Corporation, Eastman Specialty Chemicals Ltd., Wanhua Chemical, Sinopec, Rongsheng Petrochemical, Mitsubishi Chemical Corporation, BASF SE, Clariant AG, China Petroleum & Chemical Corporation, DowDuPont Inc., Ashland Global Holdings Inc., Evonik Industries AG, Akzo Nobel N. V., LOTTE Fine Chemical, Mitsui Chemicals Inc. among others.
The major ten players in the China specialty chemicals business market holds approximately 45 to 60% of the total market share, whereas the cumulative market share of Japan specialty chemicals industry accounts for 50 to 60%. These market players are rigorously investing in acquisitions, product launches, joint ventures, mergers, expansions, to sustain in the market. In October 2021, Clariant Catalyts partnered with Linde Engineering to develop new catalysts for the oxidative dehydrogenation of ethane (ODH-E), an innovative, low-emissions catalytic technology for the production of ethylene.
The China and Japan specialty chemicals market is segmented into type, functional specialty, and end use industry.
Cosmetic/ Personal Care Chemicals
Semiconductors and IC process chemicals
Printed circuit board chemicals
Semiconductor packaging materials
Institutional & Industrial Cleaners
Lubricating Oil Additives
Rubber Processing Chemicals
Specialty Pulp & Paper Chemicals
Water Treatment Chemicals
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The electronic chemicals segment is expected to be the fastest growing segment with a growth rate of 8.8% during the projected period. The plastic additives segment is projected to hold an opportunity of USD 12.1 billion during the period of 2022 to 2030. Moreover, the water treatment chemicals segment is estimated to cross the market value of USD 30 billion by 2028. Furthermore, the institutional and industrial cleaners segment volume is projected to cross the mark of 25 million tons by 2028.
By Functional Specialty,
Petroleum refining and chemical process catalysts
Emission control catalysts
Flavors and Fragrances
Specialty Adhesives and Sealants
High-performance anticorrosion coatings
Thermosetting powder coatings
The specialty adhesives and sealants segment is anticipated to grow at the highest rate of 8.35% during the forecast period. The specialty polymers segment held the largest market share of over 50%. On the basis of catalyst segment, the emission control catalysts sub-segment held the largest market share of more than 75% among all catalyst in 2021.
By End Use Industry,
Fibers and textiles
Household and personal care products
The construction segment is expected to grow at the highest CAGR of 8.29%, whereas the electronics segment is projected to generate two-fold revenues during 2019 to 2030. The automotive segment held the largest market share of more than 15% in 2021 owing to the extensive use of specialty chemicals in automotive field.
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The China and Japan specialty chemicals market is expected to grow extensively during the forecast period owing to the escalating product launches, approvals, and partnerships. The Chinese market for specialty chemicals is projected to cross USD 300 billion by 2027 owing to the rising approvals and adoption rate. Moreover, the Japanese market for specialty chemicals is predicted to grow highest at the rate of 7.60% due to the rising usage of specialty chemicals in infrastructure and construction activities.
The China and Japan specialty chemicals market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the China and Japan specialty chemicals market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
Pricing Analysis: Pricing analysis of various components used in the manufacturing of medical supplies
Manufacturing Cost Analysis: Cost-share of various components in medical supply products, cost analysis, unit cost analysis
The China and Japan specialty chemicals market report answers questions such as:
- What is the market size and forecast of the China and Japan specialty chemicals market?
- What are the inhibiting factors and impact of COVID-19 on the China and Japan specialty chemicals market during the assessment period?
- Which are the types/segments/applications/areas to invest in over the assessment period in the China and Japan specialty chemicals market?
- What is the competitive strategic window for opportunities in the China and Japan specialty chemicals market?
- What are the technology trends and regulatory frameworks in the China and Japan specialty chemicals market?
- What is the market share of the leading players in the China and Japan specialty chemicals market?
- What modes and strategic moves are considered favorable for entering the China and Japan specialty chemicals market?
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Market Synopsis: This section encapsulates the present market scenario and outlines the industry’s scope. It includes a comprehensive analysis of key segments such as product types, applications, and regions, with revenue and sales forecasts provided as part of this overview.
Competitive Landscape: Illuminating the market’s competitive terrain, this section presents an in-depth analysis of manufacturers, offering insights into individual players’ revenue and sales figures. Additionally, it encompasses noteworthy details on mergers, acquisitions, and industry investments.
Regional Analysis: Providing an overview of market revenue, sales, and shares across major regions and sub-regions, this segment also explores the pricing structure, sales growth rate, and other crucial estimations.
Company Profiles: This section provides strategic business insights about key firms operating within the market landscape. It covers product specifications, revenue shares, and portfolios of these major companies.
The Analysis Objectives of the Report are:
To determine the size of the Market by identifying its sub-segments.
To research the key players and analyze their growth strategies.
To assess the size and value of the Market based on key regions.
To analyze the Market in terms of growth trends, potential, and participation in the overall sector.
To investigate the Market size (volume and value) from the company, key regions/countries, goods and applications, and background data.
Primary Market manufacturers to specify, clarify, and analyze the product sales volume, value, market share, market rivalry landscape, SWOT analysis, and future development plans.
To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.
What is new in 2024?
– Major developments that can change the business landscape as well as market forecasts.
– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.
– Coverage of new market players and change in the market share of existing players of the market.
– Updated financial information and product portfolios of players operating in the market.
– Updated market developments of the profiled players.
– Any new data points/analysis (frameworks) which was not present in the previous version of the report
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