Asia Pacific Specialty Chemicals Market Size & Outlook

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.