Japan is the world's 3rd largest market in terms of shipment and production of chemicals. The chemicals industry adds value worth approx. £100 billion a year to the economy, and is the largest of all manufacturing industries in Japan. With £15.3 billion spent on R&D, Japan is open to innovative and high quality products, technologies and services.
For UK companies this means opportunities in pharmaceuticals and energy (eg. power generation, fuel cell batteries etc.), as well as demand in the purchase of innovative products and technologies, in-licensing of innovative proprietary technologies enabling them to differentiate the products from competitors, outsourcing production of specialist chemicals and scope for joint R&D opportunities.
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