The market is dominated by domestic suppliers, as imports account for 40.1% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.4% of total demand in 2022. Japan has the second largest market size for basic chemicals regionally, with demand reaching USD83.7 billion in 2022. Mitsubishi Corp is the largest company in Japan, generating 7.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 18.4% of total production value in 2022. The total number of companies decreases in 2022, to 2,218 units. The costs of the industry decrease by 16.1% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 8.6% of production value in 2022, the 18th highest regionally. The industry’s exports share increases in 2022 to 39.8% of total production output. With production value of USD76.3 billion, Japan accounts for 9.6% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Basic Chemicals in Japan: ISIC 2411. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Chemicals in Japan: ISIC 2411 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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