purred on by the dynamic growth in Asia, the specialty chemicals market is making steady gains. Between 2015 and 2025, the industry is forecast to expand by a compound annual growth rate (CAGR) of 5.4 per cent. Asia will beat the global average with a CAGR of 6.35 per cent and account for 45 per cent of the global market share.
As Asia’s foremost energy and chemicals hub, Singapore will benefit from the industry’s expansion. Many of the key players are already here using the country’s well developed capabilities for production and research to develop products targeted at the Asian consumer. Together, they generated S$9.5 billion in manufacturing output in 2016, an increase of 5.1 per cent per annum since 2006, accounting for 11.6 per cent of the chemicals sector’s gross turnover of S$68.7 billion and 27.5 per cent of the sector’s value added.
Given the glowing forecast, Singapore is continuing to build on the industry’s capabilities as part of the Energy & Chemicals Industry Transformation Map (ITM) which the Ministry of Trade and Industry unveiled in October 2017.
We are privileged to be party to the industry’s development. Since it was first published in 2008, the Singapore Specialty Chemicals Guide has served as a comprehensive database for the industry, bringing together key suppliers, research institutes, training centres and government agencies. By keeping the information updated, the directory is as a valuable resource for industry members.
We would like to express our special appreciation to the Economic Development Board for its support and to our advertisers for their participation in the publication.
General Manager & Publisher
Marshall Cavendish Business Information Private Limited