The market is dominated by domestic suppliers, as imports account for 9.5% of total market size in 2022. B2B drives market demand, with B2B spending representing 88.0% of total demand in 2022. China has the largest market size for photochemicals, explosives and other chemicals regionally, with demand reaching USD355 billion in 2022. Zhangge Huaqi Tannin Extract Co Ltd is the largest company in China, generating 10.4% of the industry’s total production value in 2022. The industry is fragmented, with the top three companies generating 13.4% of total production value in 2022. The total number of companies decreases in 2022, to 66,293 units. The costs of the industry decrease by 0.4% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 4.2% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 10.1% of total production output. With production value of USD360 billion, China accounts for 77.2% 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 China: 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 China: 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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