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Asia Pacific Ceramide Market Size, Share & Trends Analysis Report By Application (Cosmetics, Food, and Others), By Process (Plant Extract, and Fermentation), By Type (Natural, and Synthetic), By Country and Growth Forecast, 2023 - 2030

Published Date : 29-Mar-2024

Pages: 133

Formats: PDF

The Asia Pacific Ceramide Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 150.35 tonnes, showcasing a growth of 2.9% (2019-2022).

In the market, the utilization of natural ingredients has gained significant attention due to their perceived safety, efficacy, and appeal to consumers seeking more sustainable and environmentally friendly options. Natural sources of ceramides, such as plant-based oils like sunflower, rice bran, and hemp seed oil, offer rich reservoirs of these lipid molecules that closely mimic those naturally found in the skin. Therefore, the China market make use of 32.53 tonnes of natural ceramide in 2022.

Asia Pacific Ceramide Market

The China market dominated the Asia Pacific Ceramide Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14,373.5 Thousands by 2030. The Japan market is registering a CAGR of 5.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.7% during (2023 - 2030).

It can be incorporated into oral supplements or nutraceuticals for systemic benefits, supporting skin health from within. Oral supplements improve skin hydration, elasticity, and barrier function, complementing external skincare regimens. Its supplements contain bioavailable forms of ceramides that are orally ingested and absorbed into the bloodstream. These supplements aim to replenish its levels in the skin, enhancing barrier function and moisture retention from the inside out. 

Furthermore, as disposable incomes rise, consumers are often willing to spend more on high-quality skincare products. As per the data from the Government of China, in 2023, the median of the nationwide per capita disposable income was 33,036 yuan, an increase of 5.3 percent. Likewise, as per the data published by the Office for National Statistics, the median disposable income of households in the United Kingdom increased by 2% annually to £31,400 in the fiscal year ending (FYE) 2021.

South Korea has a culture that places a strong emphasis on beauty and skincare. As a result, consumers in the country are highly knowledgeable about skincare ingredients and are willing to invest in high-quality products to achieve flawless skin. As per the data from the International Trade Administration, for 2021, the total value of cosmetics produced in South Korea was $14.5 billion, and cosmetics exports hit a record high, growing 21.3 percent from the previous year to $9.2 billion. South Korea’s trade surplus in the cosmetics sector grew by 28.6 percent to $7.8 billion. Thus, the rising cosmetics and pharmaceutical sectors in Asia Pacific will help in the expansion of the regional market.

Free Valuable Insights: The Global Ceramide Market is Predict to reach USD 146.0 Million by 2030, at a CAGR of 5.6%

Based on Application, the market is segmented into Cosmetics, Food, and Others. Based on Process, the market is segmented into Plant Extract, and Fermentation. Based on Type, the market is segmented into Natural, and Synthetic. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • Ashland Inc.
  • Toyobo Co., Ltd.
  • Doosan Corporation
  • Arkema S.A.
  • Evonik Industries AG (RAG-Stiftung)
  • Cayman Chemical Company, Inc.
  • Kao Corporation
  • Croda International PLC
  • Vantage Specialty Chemicals (H.I.G. Capital, LLC)
  • Incospam Co., Ltd.

Asia Pacific Ceramide Market Report Segmentation

By Application (Volume, Tonnes, USD Million, 2019-2030)

  • Cosmetics
  • Food
  • Others

By Process

  • Plant Extract
  • Fermentation

By Type (Volume, Tonnes, USD Million, 2019-2030)

  • Natural
  • Synthetic

By Country (Volume, Tonnes, USD Million, 2019-2030)

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Ceramide Market, by Application
1.4.2 Asia Pacific Ceramide Market, by Process
1.4.3 Asia Pacific Ceramide Market, by Type
1.4.4 Asia Pacific Ceramide Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. Strategies Deployed in Ceramide Market

Chapter 5. Asia Pacific Ceramide Market, By Application
5.1 Asia Pacific Cosmetics Market, By Country
5.2 Asia Pacific Food Market, By Country
5.3 Asia Pacific Others Market, By Country

Chapter 6. Asia Pacific Ceramide Market, By Process
6.1 Asia Pacific Plant Extract Market, By Country
6.2 Asia Pacific Fermentation Market, By Country

Chapter 7. Asia Pacific Ceramide Market, By Type
7.1 Asia Pacific Natural Market, By Country
7.2 Asia Pacific Synthetic Market, By Country

Chapter 8. Asia Pacific Ceramide Market, By Country
8.1 China Ceramide Market
8.1.1 China Ceramide Market, By Application
8.1.2 China Ceramide Market, By Process
8.1.3 China Ceramide Market, By Type
8.2 Japan Ceramide Market
8.2.1 Japan Ceramide Market, By Application
8.2.2 Japan Ceramide Market, By Process
8.2.3 Japan Ceramide Market, By Type
8.3 India Ceramide Market
8.3.1 India Ceramide Market, By Application
8.3.2 India Ceramide Market, By Process
8.3.3 India Ceramide Market, By Type
8.4 South Korea Ceramide Market
8.4.1 South Korea Ceramide Market, By Application
8.4.2 South Korea Ceramide Market, By Process
8.4.3 South Korea Ceramide Market, By Type
8.5 Singapore Ceramide Market
8.5.1 Singapore Ceramide Market, By Application
8.5.2 Singapore Ceramide Market, By Process
8.5.3 Singapore Ceramide Market, By Type
8.6 Malaysia Ceramide Market
8.6.1 Malaysia Ceramide Market, By Application
8.6.2 Malaysia Ceramide Market, By Process
8.6.3 Malaysia Ceramide Market, By Type
8.7 Rest of Asia Pacific Ceramide Market
8.7.1 Rest of Asia Pacific Ceramide Market, By Application
8.7.2 Rest of Asia Pacific Ceramide Market, By Process
8.7.3 Rest of Asia Pacific Ceramide Market, By Type

Chapter 9. Company Profiles
9.1 Ashland Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Toyobo Co., Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 SWOT Analysis
9.3 Doosan Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 Arkema S.A.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Evonik Industries AG (RAG-Stiftung)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.5.2 Geographical Expansions:
9.5.6 SWOT Analysis
9.6 Cayman Chemical Company, Inc.
9.6.1 Company Overview
9.6.2 SWOT Analysis
9.7 Kao Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Croda International PLC
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Acquisition and Mergers:
9.8.5 SWOT Analysis
9.9 Vantage Specialty Chemicals (H.I.G. Capital, LLC)
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.9.2.2 Geographical Expansions:
9.9.3 SWOT Analysis
9.10. Incospam Co., Ltd.
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 Asia Pacific Ceramide Market, 2019 - 2022, USD Thousands
TABLE 2 Asia Pacific Ceramide Market, 2023 - 2030, USD Thousands
TABLE 3 Asia Pacific Ceramide Market, 2019 - 2022, Tonnes
TABLE 4 Asia Pacific Ceramide Market, 2023 - 2030, Tonnes
TABLE 5 Asia Pacific Ceramide Market, By Application, 2019 - 2022, USD Thousands
TABLE 6 Asia Pacific Ceramide Market, By Application, 2023 - 2030, USD Thousands
TABLE 7 Asia Pacific Ceramide Market, By Application, 2019 - 2022, Tonnes
TABLE 8 Asia Pacific Ceramide Market, By Application, 2023 - 2030, Tonnes
TABLE 9 Asia Pacific Cosmetics Market, By Country, 2019 - 2022, USD Thousands
TABLE 10 Asia Pacific Cosmetics Market, By Country, 2023 - 2030, USD Thousands
TABLE 11 Asia Pacific Cosmetics Market, By Country, 2019 - 2022, Tonnes
TABLE 12 Asia Pacific Cosmetics Market, By Country, 2023 - 2030, Tonnes
TABLE 13 Asia Pacific Food Market, By Country, 2019 - 2022, USD Thousands
TABLE 14 Asia Pacific Food Market, By Country, 2023 - 2030, USD Thousands
TABLE 15 Asia Pacific Food Market, By Country, 2019 - 2022, Tonnes
TABLE 16 Asia Pacific Food Market, By Country, 2023 - 2030, Tonnes
TABLE 17 Asia Pacific Others Market, By Country, 2019 - 2022, USD Thousands
TABLE 18 Asia Pacific Others Market, By Country, 2023 - 2030, USD Thousands
TABLE 19 Asia Pacific Others Market, By Country, 2019 - 2022, Tonnes
TABLE 20 Asia Pacific Others Market, By Country, 2023 - 2030, Tonnes
TABLE 21 Asia Pacific Ceramide Market, By Process, 2019 - 2022, USD Thousands
TABLE 22 Asia Pacific Ceramide Market, By Process, 2023 - 2030, USD Thousands
TABLE 23 Asia Pacific Plant Extract Market, By Country, 2019 - 2022, USD Thousands
TABLE 24 Asia Pacific Plant Extract Market, By Country, 2023 - 2030, USD Thousands
TABLE 25 Asia Pacific Fermentation Market, By Country, 2019 - 2022, USD Thousands
TABLE 26 Asia Pacific Fermentation Market, By Country, 2023 - 2030, USD Thousands
TABLE 27 Asia Pacific Ceramide Market, By Type, 2019 - 2022, USD Thousands
TABLE 28 Asia Pacific Ceramide Market, By Type, 2023 - 2030, USD Thousands
TABLE 29 Asia Pacific Ceramide Market, By Type, 2019 - 2022, Tonnes
TABLE 30 Asia Pacific Ceramide Market, By Type, 2023 - 2030, Tonnes
TABLE 31 Asia Pacific Natural Market, By Country, 2019 - 2022, USD Thousands
TABLE 32 Asia Pacific Natural Market, By Country, 2023 - 2030, USD Thousands
TABLE 33 Asia Pacific Natural Market, By Country, 2019 - 2022, Tonnes
TABLE 34 Asia Pacific Natural Market, By Country, 2023 - 2030, Tonnes
TABLE 35 Asia Pacific Synthetic Market, By Country, 2019 - 2022, USD Thousands
TABLE 36 Asia Pacific Synthetic Market, By Country, 2023 - 2030, USD Thousands
TABLE 37 Asia Pacific Synthetic Market, By Country, 2019 - 2022, Tonnes
TABLE 38 Asia Pacific Synthetic Market, By Country, 2023 - 2030, Tonnes
TABLE 39 Asia Pacific Ceramide Market, By Country, 2019 - 2022, USD Thousands
TABLE 40 Asia Pacific Ceramide Market, By Country, 2023 - 2030, USD Thousands
TABLE 41 Asia Pacific Ceramide Market, By Country, 2019 - 2022, Tonnes
TABLE 42 Asia Pacific Ceramide Market, By Country, 2023 - 2030, Tonnes
TABLE 43 China Ceramide Market, 2019 - 2022, USD Thousands
TABLE 44 China Ceramide Market, 2023 - 2030, USD Thousands
TABLE 45 China Ceramide Market, 2019 - 2022, Tonnes
TABLE 46 China Ceramide Market, 2023 - 2030, Tonnes
TABLE 47 China Ceramide Market, By Application, 2019 - 2022, USD Thousands
TABLE 48 China Ceramide Market, By Application, 2023 - 2030, USD Thousands
TABLE 49 China Ceramide Market, By Application, 2019 - 2022, Tonnes
TABLE 50 China Ceramide Market, By Application, 2023 - 2030, Tonnes
TABLE 51 China Ceramide Market, By Process, 2019 - 2022, USD Thousands
TABLE 52 China Ceramide Market, By Process, 2023 - 2030, USD Thousands
TABLE 53 China Ceramide Market, By Type, 2019 - 2022, USD Thousands
TABLE 54 China Ceramide Market, By Type, 2023 - 2030, USD Thousands
TABLE 55 China Ceramide Market, By Type, 2019 - 2022, Tonnes
TABLE 56 China Ceramide Market, By Type, 2023 - 2030, Tonnes
TABLE 57 Japan Ceramide Market, 2019 - 2022, USD Thousands
TABLE 58 Japan Ceramide Market, 2023 - 2030, USD Thousands
TABLE 59 Japan Ceramide Market, 2019 - 2022, Tonnes
TABLE 60 Japan Ceramide Market, 2023 - 2030, Tonnes
TABLE 61 Japan Ceramide Market, By Application, 2019 - 2022, USD Thousands
TABLE 62 Japan Ceramide Market, By Application, 2023 - 2030, USD Thousands
TABLE 63 Japan Ceramide Market, By Application, 2019 - 2022, Tonnes
TABLE 64 Japan Ceramide Market, By Application, 2023 - 2030, Tonnes
TABLE 65 Japan Ceramide Market, By Process, 2019 - 2022, USD Thousands
TABLE 66 Japan Ceramide Market, By Process, 2023 - 2030, USD Thousands
TABLE 67 Japan Ceramide Market, By Type, 2019 - 2022, USD Thousands
TABLE 68 Japan Ceramide Market, By Type, 2023 - 2030, USD Thousands
TABLE 69 Japan Ceramide Market, By Type, 2019 - 2022, Tonnes
TABLE 70 Japan Ceramide Market, By Type, 2023 - 2030, Tonnes
TABLE 71 India Ceramide Market, 2019 - 2022, USD Thousands
TABLE 72 India Ceramide Market, 2023 - 2030, USD Thousands
TABLE 73 India Ceramide Market, 2019 - 2022, Tonnes
TABLE 74 India Ceramide Market, 2023 - 2030, Tonnes
TABLE 75 India Ceramide Market, By Application, 2019 - 2022, USD Thousands
TABLE 76 India Ceramide Market, By Application, 2023 - 2030, USD Thousands
TABLE 77 India Ceramide Market, By Application, 2019 - 2022, Tonnes
TABLE 78 India Ceramide Market, By Application, 2023 - 2030, Tonnes
TABLE 79 India Ceramide Market, By Process, 2019 - 2022, USD Thousands
TABLE 80 India Ceramide Market, By Process, 2023 - 2030, USD Thousands
TABLE 81 India Ceramide Market, By Type, 2019 - 2022, USD Thousands
TABLE 82 India Ceramide Market, By Type, 2023 - 2030, USD Thousands
TABLE 83 India Ceramide Market, By Type, 2019 - 2022, Tonnes
TABLE 84 India Ceramide Market, By Type, 2023 - 2030, Tonnes
TABLE 85 South Korea Ceramide Market, 2019 - 2022, USD Thousands
TABLE 86 South Korea Ceramide Market, 2023 - 2030, USD Thousands
TABLE 87 South Korea Ceramide Market, 2019 - 2022, Tonnes
TABLE 88 South Korea Ceramide Market, 2023 - 2030, Tonnes
TABLE 89 South Korea Ceramide Market, By Application, 2019 - 2022, USD Thousands
TABLE 90 South Korea Ceramide Market, By Application, 2023 - 2030, USD Thousands
TABLE 91 South Korea Ceramide Market, By Application, 2019 - 2022, Tonnes
TABLE 92 South Korea Ceramide Market, By Application, 2023 - 2030, Tonnes
TABLE 93 South Korea Ceramide Market, By Process, 2019 - 2022, USD Thousands
TABLE 94 South Korea Ceramide Market, By Process, 2023 - 2030, USD Thousands
TABLE 95 South Korea Ceramide Market, By Type, 2019 - 2022, USD Thousands
TABLE 96 South Korea Ceramide Market, By Type, 2023 - 2030, USD Thousands
TABLE 97 South Korea Ceramide Market, By Type, 2019 - 2022, Tonnes
TABLE 98 South Korea Ceramide Market, By Type, 2023 - 2030, Tonnes
TABLE 99 Singapore Ceramide Market, 2019 - 2022, USD Thousands
TABLE 100 Singapore Ceramide Market, 2023 - 2030, USD Thousands
TABLE 101 Singapore Ceramide Market, 2019 - 2022, Tonnes
TABLE 102 Singapore Ceramide Market, 2023 - 2030, Tonnes
TABLE 103 Singapore Ceramide Market, By Application, 2019 - 2022, USD Thousands
TABLE 104 Singapore Ceramide Market, By Application, 2023 - 2030, USD Thousands
TABLE 105 Singapore Ceramide Market, By Application, 2019 - 2022, Tonnes
TABLE 106 Singapore Ceramide Market, By Application, 2023 - 2030, Tonnes
TABLE 107 Singapore Ceramide Market, By Process, 2019 - 2022, USD Thousands
TABLE 108 Singapore Ceramide Market, By Process, 2023 - 2030, USD Thousands
TABLE 109 Singapore Ceramide Market, By Type, 2019 - 2022, USD Thousands
TABLE 110 Singapore Ceramide Market, By Type, 2023 - 2030, USD Thousands
TABLE 111 Singapore Ceramide Market, By Type, 2019 - 2022, Tonnes
TABLE 112 Singapore Ceramide Market, By Type, 2023 - 2030, Tonnes
TABLE 113 Malaysia Ceramide Market, 2019 - 2022, USD Thousands
TABLE 114 Malaysia Ceramide Market, 2023 - 2030, USD Thousands
TABLE 115 Malaysia Ceramide Market, 2019 - 2022, Tonnes
TABLE 116 Malaysia Ceramide Market, 2023 - 2030, Tonnes
TABLE 117 Malaysia Ceramide Market, By Application, 2019 - 2022, USD Thousands
TABLE 118 Malaysia Ceramide Market, By Application, 2023 - 2030, USD Thousands
TABLE 119 Malaysia Ceramide Market, By Application, 2019 - 2022, Tonnes
TABLE 120 Malaysia Ceramide Market, By Application, 2023 - 2030, Tonnes
TABLE 121 Malaysia Ceramide Market, By Process, 2019 - 2022, USD Thousands
TABLE 122 Malaysia Ceramide Market, By Process, 2023 - 2030, USD Thousands
TABLE 123 Malaysia Ceramide Market, By Type, 2019 - 2022, USD Thousands
TABLE 124 Malaysia Ceramide Market, By Type, 2023 - 2030, USD Thousands
TABLE 125 Malaysia Ceramide Market, By Type, 2019 - 2022, Tonnes
TABLE 126 Malaysia Ceramide Market, By Type, 2023 - 2030, Tonnes
TABLE 127 Rest of Asia Pacific Ceramide Market, 2019 - 2022, USD Thousands
TABLE 128 Rest of Asia Pacific Ceramide Market, 2023 - 2030, USD Thousands
TABLE 129 Rest of Asia Pacific Ceramide Market, 2019 - 2022, Tonnes
TABLE 130 Rest of Asia Pacific Ceramide Market, 2023 - 2030, Tonnes
TABLE 131 Rest of Asia Pacific Ceramide Market, By Application, 2019 - 2022, USD Thousands
TABLE 132 Rest of Asia Pacific Ceramide Market, By Application, 2023 - 2030, USD Thousands
TABLE 133 Rest of Asia Pacific Ceramide Market, By Application, 2019 - 2022, Tonnes
TABLE 134 Rest of Asia Pacific Ceramide Market, By Application, 2023 - 2030, Tonnes
TABLE 135 Rest of Asia Pacific Ceramide Market, By Process, 2019 - 2022, USD Thousands
TABLE 136 Rest of Asia Pacific Ceramide Market, By Process, 2023 - 2030, USD Thousands
TABLE 137 Rest of Asia Pacific Ceramide Market, By Type, 2019 - 2022, USD Thousands
TABLE 138 Rest of Asia Pacific Ceramide Market, By Type, 2023 - 2030, USD Thousands
TABLE 139 Rest of Asia Pacific Ceramide Market, By Type, 2019 - 2022, Tonnes
TABLE 140 Rest of Asia Pacific Ceramide Market, By Type, 2023 - 2030, Tonnes
TABLE 141 Key Information – Ashland Inc.
TABLE 142 Key Information – TOYOBO CO., LTD.
TABLE 143 Key Information – Doosan Corporation
TABLE 144 Key information – Arkema S.A.
TABLE 145 Key Information – Evonik Industries AG
TABLE 146 Key Information – Cayman Chmeical Company, Inc.
TABLE 147 Key Information – Kao Corporation
TABLE 148 Key Information – Croda International PLC
TABLE 149 Key Information – Vantage Specialty Chemicals
TABLE 150 Key Information – Incospam Co., Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Ceramide Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting Ceramide Market
FIG 4 Porter’s Five Forces Analysis - Ceramide Market
FIG 5 Asia Pacific Ceramide Market share, By Application, 2022
FIG 6 Asia Pacific Ceramide Market share, By Application, 2030
FIG 7 Asia Pacific Ceramide Market, By Application, 2019 - 2030, USD Thousands
FIG 8 Asia Pacific Ceramide Market share, By Process, 2022
FIG 9 Asia Pacific Ceramide Market share, By Process, 2030
FIG 10 Asia Pacific Ceramide Market, By Process, 2019 - 2030, USD Thousands
FIG 11 Asia Pacific Ceramide Market share, By Type, 2022
FIG 12 Asia Pacific Ceramide Market share, By Type, 2030
FIG 13 Asia Pacific Ceramide Market, By Type, 2019 - 2030, USD Thousands
FIG 14 Asia Pacific Ceramide Market share, By Country, 2022
FIG 15 Asia Pacific Ceramide Market share, By Country, 2030
FIG 16 Asia Pacific Ceramide Market, By Country, 2019 - 2030, USD Thousands
FIG 17 Swot Analysis: Ashland Inc.
FIG 18 SWOT Analysis: Toyobo Co., Ltd.
FIG 19 SWOT Analysis: Doosan Corporation
FIG 20 SWOT Analysis: Arkema S.A.
FIG 21 SWOT Analysis: Evonik Industries AG
FIG 22 Swot Analysis: Cayman Chemical Company, Inc.
FIG 23 SWOT Analysis: Kao Corporation
FIG 24 SWOT Analysis: Croda International PLC
FIG 25 SWOT Analysis: Vantage Specialty Chemicals
FIG 26 SWOT Analysis: Incospam Co., Ltd.

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