Asia Pacific Specialty Chemicals Market Size & Outlook

The specialty chemicals market in Asia Pacific is expected to reach a projected revenue of US$ 438,992.7 million by 2030. A compound annual growth rate of 5.3% is expected of Asia Pacific specialty chemicals market from 2025 to 2030.
Revenue, 2024 (US$M)
$322,669.6
Forecast, 2030 (US$M)
$438,992.7
CAGR, 2025 - 2030
5.3%
Report Coverage
Asia Pacific

Asia Pacific specialty chemicals market highlights

  • The Asia Pacific specialty chemicals market generated a revenue of USD 322,669.6 million in 2024.
  • The market is expected to grow at a CAGR of 5.3% from 2025 to 2030.
  • In terms of segment, case was the largest revenue generating industry in 2024.
  • Other Industries is the most lucrative industry segment registering the fastest growth during the forecast period.
  • Country-wise, India is expected to register the highest CAGR from 2025 to 2030.

Asia Pacific data book summary

Market revenue in 2024USD 322,669.6 million
Market revenue in 2030USD 438,992.7 million
Growth rate5.3% (CAGR from 2025 to 2030)
Largest segmentCase
Fastest growing segmentOther Industries
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCASE, Institutional & Industrial Cleaners, Rubber Processing Chemicals, Food & Feed Additives, Cosmetic Chemicals, Oilfield Chemicals, Specialty Pulp & Paper Chemicals, Specialty Textile Chemicals, Water Treatment Chemicals, Construction Chemicals, Electronic Chemicals, Mining Chemicals, Pharmaceutical Additives, Other Industries
Key market players worldwideSolvay SA, Evonik Industries AG, Clariant AG, Akzo Nobel NV, DuPont de Nemours Inc, Kemira Oyj, Lanxess AG, Croda International PLC, Huntsman Corp, The Lubrizol Corp, Albemarle Corp

Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 33.0% of the global specialty chemicals market in 2024.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Europe is the fastest growing regional market and is projected to reach USD 407,354.8 million by 2030.

Case was the largest segment with a revenue share of 38.39% in 2024. Horizon Databook has segmented the Asia Pacific specialty chemicals market based on case, institutional & industrial cleaners, rubber processing chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, construction chemicals, electronic chemicals, mining chemicals, pharmaceutical additives, other industries covering the revenue growth of each sub-segment from 2018 to 2030.


In Asia Pacific, countries like India and China are poised to lead growth in nutraceutical industry owing to the long history of using herbal products for treating diseases and maintaining health. China and Japan are among the largest markets for nutraceuticals in the region. The food additives market has witnessed healthy growth in the region, aiding the specialty chemicals market in the region.

THe increased use in pharmaceutical and nutraceutical products in Australia and South Korea owing to the expanding market of beverages and functional foods in these countries are also acting as major driver for the specialty chemicals market. Asia Pacific is one of the fastest-growing regions in the world, in terms of economic progress, industrialization, and growth of major end-use sectors.

China and India are the major countries contributing to the growth of the specialty chemicals market in Asia Pacific. The demand for additives in the region is influenced by food & beverage, personal care & cosmetics, & pharmaceutical industries. China, India, and Japan are the key manufacturing countries in the region, with China as the manufacturing leader.

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Specialty Chemicals Market Scope

Specialty chemicals market segmentation & scope

Specialty Chemicals Market Companies

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Asia Pacific specialty chemicals market size, by country, 2018-2030 (US$M)

Asia Pacific Specialty Chemicals Market Outlook Share, 2024 & 2030 (US$M)

Asia Pacific specialty chemicals market size, by country, 2018-2030 (US$M)

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