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The Specialty Chemicals Market in Japan 2010

Venn Research Inc., June 2010, Pages: 40


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After a period of sluggish growth, the Japanese specialty chemicals market accelerated significantly in 2008, just to fall into decline in 2009. Recovery is expected however in the forecast period, and the market is set to grow at much stronger rate towards 2014.

The specialty chemicals market was, like many other markets, affected by the recent financial and economic crisis. While several specialty chemicals segments i.e. plastics additives, textile chemicals, construction chemicals, electronic chemicals or specialty polymers followed the downturn of their end-use industries, others such as cosmetic chemicals, food additives, and industrial cleaners, have showed more resilience to the negative economic conditions.

The Japanese specialty chemicals market generated total revenues of $90.2 billion in 2009, representing a compound annual growth rate (CAGR) of 1.7% for the period spanning 2005-2009. In comparison, the Chinese and Indian markets grew with CAGRs of 9.9% and 3.8% respectively, over the same period, to reach respective values of $56.5 billion and $8.3 billion in 2009.


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