Japan Specialty Chemicals Market Size & Outlook, 2024-2030
Japan specialty chemicals market, 2018-2030 (US$M)
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Japan specialty chemicals market highlights
- The Japan specialty chemicals market generated a revenue of USD 42,753.7 million in 2024 and is expected to reach USD 58,956.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.5% from 2025 to 2030.
- In terms of segment, case was the largest revenue generating industry in 2024.
- Institutional & Industrial Cleaners is the most lucrative industry segment registering the fastest growth during the forecast period.
Specialty chemicals market data book summary
| Market revenue in 2024 | USD 42,753.7 million |
| Market revenue in 2030 | USD 58,956.7 million |
| Growth rate | 5.5% (CAGR from 2025 to 2030) |
| Largest segment | Case |
| Fastest growing segment | Institutional & Industrial Cleaners |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Japan accounted for 4.4% of the global specialty chemicals market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China specialty chemicals market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 89,203.3 million by 2030.
Case was the largest segment with a revenue share of 40.5% in 2024. Horizon Databook has segmented the Japan 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.
The demand for water treatment chemicals in water treatment applications has witnessed moderate growth in the aftermath of the Fukushima Daiichi nuclear accident, which occurred in March 2011, they are utilized for diverse purposes including radiation monitoring, decommissioning, waste management, and remediation for releasing the treated water into the ocean.
Pharmaceutical additives are expected to witness the significant growth over the forecast period owing to the increasing use in pharmaceutical sector. The presence of major pharmaceutical manufacturers, such as Pfizer, Novartis, GSK, and others, in the country is likely to bolster demand for pharmaceutical additives over the forecast period.
The Japanese automotive, electronics, and other manufacturing sectors remain resilient and innovative despite natural & man-made disasters that have affected the economy in recent years. The economy of Japan is stagnant with a low GDP growth rate, which has led to a decline in the production of industrial goods and consumer goods.
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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan Industry - Specialty Chemicals Market size, 2024 - 2030 (US$M)
Japan Specialty Chemicals Market Outlook Share, 2024 & 2030 (US$M)
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