The market is dominated by domestic suppliers, as imports account for 41.1% of total market size in 2022. B2B drives market demand, with B2B spending representing 89.3% of total demand in 2022. Japan has the fourth largest market size for photochemicals, explosives and other chemicals regionally, with demand reaching USD21.2 billion in 2022. Shin-Etsu Chemical Co Ltd is the largest company in Japan, generating 4.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 16.2% of total production value in 2022. The total number of companies increases in 2022, to 1,724 units. The costs of the industry decrease by 15.1% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 9.6% of production value in 2022, the 17th highest regionally. The industry’s exports share increases in 2022 to 50.9% of total production output. With production value of USD20.4 billion, Japan accounts for 4.4% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Photochemicals, Explosives and Other Chemicals in Japan: ISIC 2429. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Photochemicals, Explosives and Other Chemicals in Japan: ISIC 2429 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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