Asia Pacific Specialty Chemicals Market Size & Outlook
Asia Pacific specialty chemicals market, 2018-2030 (US$M)
Related Markets
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 2024 | USD 322,669.6 million |
| Market revenue in 2030 | USD 438,992.7 million |
| Growth rate | 5.3% (CAGR from 2025 to 2030) |
| Largest segment | Case |
| Fastest growing segment | Other Industries |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 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 |
| Key market players worldwide | Solvay 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific specialty chemicals market size, by country, 2018-2030 (US$M)
Asia Pacific Specialty Chemicals Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
