CHEMICAL INDICATOR INKS MARKET ANALYSIS

Regional Analysis

Market Outlook

In terms of volumetric consumption, production, and revenue generation, Asia Pacific is expected to remain dominant. Rising industrialisation, and the presence of end use industries such as pharmaceutical, chemical, and food canning is likely to complement the increasing demand for chemical indicator inks in the region. Increasing involvement of emerging economies such as Malaysia, Taiwan, and Indonesia in the food processing industries is another factor propelling the market growth. Research and development activities in South America and other regions will be a key contributor in the global market share. Market growth in Europe is projected to be sluggish in comparison to Asia Pacific, however presence of key players in the region is expected to benefit the regional market over the forecast period. The pharmaceutical industry in North America is expected to grow at a steady rate, and the region is projected to take a lead in manufacturing pharmaceuticals.