Specialty and High Performance Films Market, Segment Analysis by region:
Asia Pacific region dominated the market with the highest revenue share of 47% in 2022. This is attributed to factors such as economic progress, industrialization, and the growth of major end-use sectors. China and India are the major countries contributing to the growth of the specialty chemicals market in Asia Pacific. The demand for additives in the region is influenced by food and beverages, personal care and cosmetics, and pharmaceutical applications in the respective industries. China, India, and Japan are the key manufacturing countries in the region, with China as the global manufacturing leader which also leads to product market growth.
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